Mercury General in California Posts 4Q Profit, Rise in Premiums Written

Mercury General Corp. has reported fourth-quarter net income of $19.8 million, after reporting a loss in the same period a year earlier.

The Los Angeles-based company said it had net income of 36 cents per share. Earnings, adjusted for investment gains, were 15 cents per share.

The company reported net premiums written rose 1.9 percent to $3.2 billion.

It posted revenue of $857.3 million in the period. Its adjusted revenue was $839.9 million.

For the year, the company reported profit of $144.9 million, or $2.62 per share. Revenue was reported as $3.33 billion.

Mercury General shares have fallen slightly more than 8 percent since the beginning of the year. The stock has decreased 22 percent in the last 12 months.