The following summarizes the financial outcomes for Mercury General Corporation (MCY):
In the fourth quarter, the company reported an earnings profile quite different from the same period in the previous year. During this period, the earnings were recorded at $191.3 million, which marks a significant increase from last year's loss of $6.7 million.
Moreover, the earnings per share (EPS) saw a dramatic rise, going from -$0.12 in the same quarter last year to $3.46.
Finally, Mercury General Corp. also saw an increase in revenue. The fourth quarter brought in $1.37 billion compared to $1.15 billion in the same period of the previous year.
