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Mercury General Corp (MCY) stock analysis

MCYNYSEFire, Marine & Casualty InsuranceFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 3, 2026Score 10/30
$86.41+0.20 (+0.23%)

Close on Nov 12, 2026Market cap $4.79BP/E 7.4Yield 1.47%

StockData Score

Prices as of Nov 11, 2026How the score works

Value3Growth3Performance3Health0Dividend1

Mixed10 of 30 checks passed

Mercury General passes 10 of the 30 checks behind our score; 15 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
3/6
Growth
3/6
Past performance
3/6
Financial health
0/6
Dividend
1/6

What stands out

  • Earnings grew over 5 years

    Net income grew 7.6% a year on average over the last five fiscal years.

  • Revenue growing 10%+ a year

    Revenue grew 18.0% a year over the last three fiscal years.

  • Earnings growth accelerating

    Net income grew 46.2% over the last twelve months, against a 5-year average of 7.6% a year.

  • P/E below its 5-year median

    Mercury General's P/E of 7.4 is below its own 5-year median of 10.8.

What to watch

  • Dividend was cut

    The dividend per share fell by more than 10% at least once in the last 10 fiscal years.

  • Gross margin slipping

    Gross margin was 99.7% over the last twelve months, against 99.7% a year earlier.

  • Net margin below the industry

    Mercury General's net margin of 10.5% is below the Fire, Marine, and Casualty Insurance median of 12.0%.

  • Yield below Treasuries

    The 1.5% yield is below the 4.4% on a 1-year Treasury.

Valuation3/6

  • P/E below its 5-year median

    Mercury General's P/E of 7.4 is below its own 5-year median of 10.8.

  • P/E below the industry

    Mercury General's P/E of 7.4 is below the Fire, Marine, and Casualty Insurance median of 10.4.

  • P/S below the industry

    Mercury General's price-to-sales of 0.78 is below the Fire, Marine, and Casualty Insurance median of 1.28.

  • P/B against the industry

    Needs positive book value.

  • Price against fair value

    We could not estimate a fair value: it needs at least two valuation methods with positive inputs.

  • Margin of safety

    Depends on the fair value estimate.

Growth3/6

  • Revenue growing 10%+ a year

    Revenue grew 18.0% a year over the last three fiscal years.

  • EPS growth over 3 years

    Needs positive EPS three years ago and today.

  • Earnings growth accelerating

    Net income grew 46.2% over the last twelve months, against a 5-year average of 7.6% a year.

  • Growing faster than the industry

    Revenue grew 5.4% over the last twelve months; the Fire, Marine, and Casualty Insurance median is 5.0%.

  • Company guidance

    No outlook found in earnings releases from the last twelve months.

  • Gross margin slipping

    Gross margin was 99.7% over the last twelve months, against 99.7% a year earlier.

Past performance3/6

  • Return on equity

    Needs positive equity and five years of results.

  • Return on assets over 1%

    Return on assets was 6.5%; for a bank or insurer, 1% or more is considered good.

  • Return on equity against the industry

    Needs positive equity.

  • Earnings grew over 5 years

    Net income grew 7.6% a year on average over the last five fiscal years.

  • Net margin above its 5-year average

    Net margin was 10.5% over the last twelve months, against a 5-year average of 2.4%.

  • Net margin below the industry

    Mercury General's net margin of 10.5% is below the Fire, Marine, and Casualty Insurance median of 12.0%.

Financial health0/6

  • Debt level

    Needs debt and equity figures.

  • Debt trend

    Needs a balance sheet from five years ago with positive equity.

  • Debt coverage

    Needs operating cash flow.

  • Interest coverage

    Interest expense is not reported separately.

  • Short-term liquidity

    Insurers do not split assets into current and non-current.

  • Bankruptcy risk (Altman Z)

    The Altman model does not apply to insurers.

Dividend1/6

  • Pays a dividend

    Mercury General paid dividends worth 1.5% of the share price over the last twelve months.

  • Yield below Treasuries

    The 1.5% yield is below the 4.4% on a 1-year Treasury.

  • Yield below the top quarter

    The top quarter of US dividend payers yield 3.8% or more; Mercury General yields 1.5%.

  • Dividend was cut

    The dividend per share fell by more than 10% at least once in the last 10 fiscal years.

  • Earnings cover

    Needs dividends paid and net income.

  • Cash-flow cover

    Needs dividends paid and free cash flow.

Scores of similar companies

Fair value

How we estimate it

We don't publish a fair value for Mercury General. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Own 5-year median 10.8
  • Fire, Marine, and Casualty Insurance median 10.4

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Low risk

Average value traded per day
$32.20M
Value traded per 1% price move
$22.23M

Downside

Low risk

Typical loss in a bad month
13.6%
Volatility (annualized)
29%
Sharpe ratio, 1 year
-0.14
Beta to the S&P 500 (5Y)
0.67

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2011 to 2025

Gross margin

99.7%+0.1 pts over 5 years

Net margin

9.0%−0.9 pts over 5 years

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