RTTNews | Feb 16, 2021 10:39PM EST

22:39 Tuesday, February 16, 2021 (RTTNews.com) - Mercury General Corp. (MCY) reported that its fourth-quarter net income rose to $166.74 million or $3.01 per share from $31.69 million or $0.57 per share in the prior year.

Operating income per share was $1.38 compared to $0.21 last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.69 per share. Analysts' estimates typically exclude special items. Total revenues for the quarter grew to $1.07 billion from $987.99 million last year.

The company declared a quarterly dividend of $0.6325 per share. The dividend will be paid on March 31, 2021 to shareholders of record on March 17, 2021.

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