Benzinga | Nov 3, 2020 04:32PM EST

Recap: Mercury General Q3 Earnings

Shares of Mercury General (NYSE:MCY) were flat in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 57.69% over the past year to $1.23, which beat the estimate of $1.06.

Revenue of $998,774,000 higher by 1.16% year over year, which beat the estimate of $894,550,000.

Guidance

Mercury General hasn't issued any earnings guidance for the time being.

Mercury General hasn't issued any revenue guidance for the time being.

Technicals

Company's 52-week high was at $53.97

52-week low: $33.45

Price action over last quarter: down 4.05%

Company Description

Mercury General Corp is an insurance holding company operating in the property-casualty market, where it focuses on low-cost auto insurance for individuals, with operations in nearly 13 United States of America states. However, most of its business--about 75% of premiums--comes from California, where it was established by George Joseph, the current company chairman and majority owner. Its insurance is distributed exclusively through independent agents.