Mercury General Corporation
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.99B | $5.48B | $4.63B | $3.64B | $3.99B | $3.78B | $3.97B | $3.38B |
| Cost of Revenue | $15.2M | $13.4M | $11.4M | $11.0M | $12.8M | $11.8M | $10.5M | $10.5M |
| Gross Profit | $5.98B | $5.46B | $4.62B | $3.63B | $3.98B | $3.77B | $3.96B | $3.37B |
| Gross Margin | 99.7% | 99.8% | 99.8% | 99.7% | 99.7% | 99.7% | 99.7% | 99.7% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $663.6M | $574.9M | $123.6M | $-653.5M | $316.4M | $475.5M | $395.1M | $-13.6M |
| Operating Margin | 11.1% | 10.5% | 2.7% | -17.9% | 7.9% | 12.6% | 9.9% | -0.4% |
| Interest Expense | — | — | $24.2M | $17.2M | $17.1M | $17.0M | $17.0M | $17.0M |
| Pretax Income | $663.6M | $574.9M | $99.4M | $-670.7M | $299.3M | $458.5M | $378.1M | $-30.6M |
| Income Tax Expense | $122.6M | $106.9M | $3.1M | $-158.0M | $51.4M | $83.9M | $58.0M | $-24.9M |
| Net Income | $541.1M | $468.0M | $96.3M | $-512.7M | $247.9M | $374.6M | $320.1M | $-5.7M |
| Net Margin | 9.0% | 8.5% | 2.1% | -14.1% | 6.2% | 9.9% | 8.1% | -0.2% |
| EPS (Basic) | $9.77 | $8.45 | $1.74 | $-9.26 | $4.48 | $6.77 | $5.78 | $-0.10 |
| EPS (Diluted) | $9.77 | $8.45 | $1.74 | $-9.26 | $4.48 | $6.77 | $5.78 | $-0.10 |
| Shares Outstanding (Basic) | 55.4M | 55.4M | 55.4M | 55.4M | 55.4M | 55.4M | 55.4M | 55.3M |
| Shares Outstanding (Diluted) | 55.4M | 55.4M | 55.4M | 55.4M | 55.4M | 55.4M | 55.4M | 55.3M |
| Dividends Per Share | $1.27 | $1.27 | $1.27 | $1.91 | $2.53 | $2.52 | $2.51 | $2.50 |