Property and casualty insurer Mercury General Corporation reported first-quarter 2026 net income of $190.4 million, compared with a net loss of $108.3 million a year earlier.
In 1Q26, operating income increased to $194 million, compared with a loss of $126.8 million in 1Q25.
Direct written premiums increased 8.8%, from $1.45 billion to $1.57 billion.
Net premium income increased by 13.2%, from US$1.28 billion to US$1.45 billion, and net written premiums increased by 17.9%, from US$1.31 billion to US$1.55 billion.
Net investment income totaled $85.6 million, an increase of 5.1% from $81.5 million.
Total revenue reached US$1.54 billion, an increase of 10.5% from US$1.39 billion.
The combined ratio improved significantly from 119.2% to 89.3% as the loss ratio fell to 64.2% from 95.1%, but this was partially offset by a slight increase in the expense ratio from 24.0% to 25.1%.
