Is Mercury General (MCY) overvalued or fairly valued?

MarketChacha shows Mercury General's valuation in context — a trailing P/E of about 6.4, a forward P/E of about 8.5, a price-to-book of about 2.0 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Mercury General's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (2.33×) from reported figures — education, not a rating.

What is Mercury General's revenue?

Mercury General reported revenue of $6.0B for FY2025, with net profit of $541.1M, per official filings.

What is the share price of Mercury General (MCY)?

Mercury General last traded at $104.53 (-1.4% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

Mercury General

MCY · NYSE · Financials · United States

Snapshot

TickerMCY

ExchangeNYSE

SectorFinancials

IndustryInsurance - Property & Casualty

CountryUnited States

Employees4,380

HeadquartersLos Angeles, United States

Websitewww.mercuryinsurance.com

Filings tracked14

About Mercury General

Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance in the United States. It also writes homeowners, commercial automobile, commercial property, mechanical protection, and umbrella insurance products. The company's automobile insurance products include collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards; and homeowners insurance products comprise dwelling, liability, personal property, and other coverages. It sells its policies through a network of independent agents and insurance agencies, as well as directly through internet sales portals in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas, and Virginia. Mercury General Corporation was incorporated in 1961 and is headquartered in Los Angeles, California.

Who owns it

Insiders52.0%
Institutions48.0%
Public & other0.0%

471 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.8.12%
Dimensional Fund Advisors LP3.91%
Vanguard Portfolio Management LLC3.22%
Rubric Capital Management LP2.78%
Vanguard Capital Management LLC2.23%
State Street Corporation2.09%
Geode Capital Management, LLC1.74%
American Century Companies Inc1.73%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion2.33×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend2.1% → 9.0%

Margin has expanded by about 6.9 points — the business is getting more profitable.

Return on equity22.4%

Latest ROE of 22.4% — capital is generating a healthy return.

Growth qualityrev 14% · PAT 137%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $1.7B · EPS 3.13

Est. earnings growth -14.5%

Next fiscal year

Rev $6.7B · EPS 12.25

Est. earnings growth -9.3%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$6.0B

Net margin

9.0%

ROE

22.4%

Revenue CAGR (2y)

+13.8%

Profit CAGR (2y)

+137.0%

EPS (FY2025)

9.77

Net profit (FY2025)

$541.1M

Ask MarketChacha about MCY

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$6.0B	$541.1M	9.77	9.0%	22.4%
FY2024	$5.5B	$468.0M	8.45	8.5%	24.0%
FY2023	$4.6B	$96.3M	1.74	2.1%	6.2%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$1.7B	$263.5M	4.76	15.7%
2026Q1	$1.5B	$190.4M	3.44	12.4%
2025Q3	$1.6B	$280.4M	5.06	17.7%
2025Q2	$1.5B	$166.5M	3.01	11.3%
2025Q1	$1.4B	$-108.3M	-1.96	-7.8%
2024Q3	$1.5B	$230.9M	4.17	15.1%
2024Q2	$1.3B	$62.6M	1.13	4.8%
2024Q1	$1.3B	$73.5M	1.33	5.8%
2023Q3	$1.1B	$-8.2M	-0.15	-0.8%
2023Q2	$1.1B	$-41.5M	-0.75	-3.8%
2023Q1	$1.1B	$-45.3M	-0.82	-4.1%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC8/4/2026
8-K — Results of operations, Exhibits
SEC8/4/2026material
8-K — Material agreement, Termination of agreement, Material financial obligation, Exhibits
SEC6/24/2026material
8-K — Material agreement, Material financial obligation, Other events, Exhibits
SEC6/12/2026material
8-K — Other events
SEC6/9/2026material
8-K — Shareholder vote results, Exhibits
SEC5/14/2026material
8-K — Results of operations, Exhibits
SEC5/5/2026material
10-Q filing
SEC5/5/2026
8-K — Results of operations, Exhibits
SEC2/17/2026material
10-K filing
SEC2/17/2026

2025

8-K — Results of operations, Exhibits
SEC11/4/2025material
10-Q filing
SEC11/4/2025
10-Q filing
SEC7/29/2025
8-K — Results of operations, Exhibits
SEC7/29/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.