Mercury General Q4 Earnings Top on Higher Net Investment Income

Mercury General Corporation (MCY) reported fourth-quarter 2024 operating income of $2.78 per share, which beat the Zacks Consensus Estimate by more than four-fold. The bottom line surged more than double year over year.See the Zacks Earnings Calendar to stay ahead of market-making news.The quarterly results of MCY were aided by improved net premiums and higher average invested assets and cash. However, the upside was partly offset by wider catastrophe losses and escalating expenses.Operational Update        ...