Mercury General Corporation
Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance in the United States. The company also writes homeowners, commercial automobile, commercial property, mechanical protection, and umbrella insurance products. Its automobile insurance products include collision, property damage, bodily injury, comprehensive, personal injury protection, und… Read more
Mercury General Corporation (MCY) - Net Assets
Latest net assets as of September 2025: $2.23 Billion USD
Based on the latest financial reports, Mercury General Corporation (MCY) has net assets worth $2.23 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($9.37 Billion) and total liabilities ($7.14 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.23 Billion |
| % of Total Assets | 23.82% |
| Annual Growth Rate | 5.5% |
| 5-Year Change | -4.23% |
| 10-Year Change | 6.9% |
| Growth Volatility | 30.32 |
Mercury General Corporation - Net Assets Trend (1985–2024)
This chart illustrates how Mercury General Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mercury General Corporation (1985–2024)
The table below shows the annual net assets of Mercury General Corporation from 1985 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.95 Billion | +25.73% |
| 2023-12-31 | $1.55 Billion | +1.71% |
| 2022-12-31 | $1.52 Billion | -28.88% |
| 2021-12-31 | $2.14 Billion | +5.30% |
| 2020-12-31 | $2.03 Billion | +12.95% |
| 2019-12-31 | $1.80 Billion | +11.24% |
| 2018-12-31 | $1.62 Billion | -8.16% |
| 2017-12-31 | $1.76 Billion | +0.51% |
| 2016-12-31 | $1.75 Billion | -3.76% |
| 2015-12-31 | $1.82 Billion | -2.91% |
| 2014-12-31 | $1.88 Billion | +2.91% |
| 2013-12-31 | $1.82 Billion | -1.09% |
| 2012-12-31 | $1.84 Billion | -0.81% |
| 2011-12-31 | $1.86 Billion | +3.49% |
| 2010-12-31 | $1.79 Billion | +1.35% |
| 2009-12-31 | $1.77 Billion | +18.53% |
| 2008-12-31 | $1.49 Billion | -19.76% |
| 2007-12-31 | $1.86 Billion | +8.00% |
| 2006-12-31 | $1.72 Billion | +7.23% |
| 2005-12-31 | $1.61 Billion | +10.16% |
| 2004-12-31 | $1.46 Billion | +16.25% |
| 2003-12-31 | $1.26 Billion | +14.26% |
| 2002-12-31 | $1.10 Billion | +2.72% |
| 2001-12-31 | $1.07 Billion | +3.56% |
| 2000-12-31 | $1.03 Billion | +13.56% |
| 1999-12-31 | $909.59 Million | -0.85% |
| 1998-12-31 | $917.38 Million | +14.73% |
| 1997-12-31 | $799.59 Million | +24.70% |
| 1996-12-31 | $641.22 Million | +13.45% |
| 1995-12-31 | $565.19 Million | -36.26% |
| 1994-12-31 | $886.70 Million | +4.44% |
| 1993-12-31 | $849.00 Million | +14.75% |
| 1992-12-31 | $739.90 Million | -1.00% |
| 1991-12-31 | $747.40 Million | +4.46% |
| 1990-12-31 | $715.50 Million | +8.85% |
| 1989-12-31 | $657.30 Million | +172.06% |
| 1985-12-31 | $241.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mercury General Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3239.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.85 Billion | 94.88% |
| Common Stock | $99.70 Million | 5.12% |
| Total Equity | $1.95 Billion | 100.00% |
Mercury General Corporation Competitors by Market Cap
The table below lists competitors of Mercury General Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ero Copper Corp
NYSE:ERO
|
$2.34 Billion |
|
Hangzhou First PV Material Co Ltd
SHG:603806
|
$2.34 Billion |
|
360 Finance Inc
NASDAQ:QFIN
|
$2.34 Billion |
|
Transwarp Technology (Shanghai) Co. Ltd. A
SHG:688031
|
$2.34 Billion |
|
Gruma S.A.B. de C.V.
MX:GRUMAB
|
$2.33 Billion |
|
Chenzhou Jingui Silver Industry Co Ltd
SHE:002716
|
$2.33 Billion |
|
Zhejiang XCC Group Co Ltd
SHG:603667
|
$2.33 Billion |
|
IDEAYA BIOSCIENCE DL-01
F:30J
|
$2.33 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mercury General Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,548,145,000 to 1,946,524,000, a change of 398,379,000 (25.7%).
- Net income of 467,953,000 contributed positively to equity growth.
- Dividend payments of 70,326,000 reduced retained earnings.
- Share repurchases of 752,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $467.95 Million | +24.04% |
| Dividends Paid | $70.33 Million | -3.61% |
| Share Repurchases | $752.00K | -0.04% |
| Other Changes | $1.50 Million | +0.08% |
| Total Change | $- | 25.73% |
Book Value vs Market Value Analysis
This analysis compares Mercury General Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.50x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 43.48x to 2.50x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $2.02 | $87.85 | x |
| 1986-12-31 | $2.36 | $87.85 | x |
| 1987-12-31 | $2.38 | $87.85 | x |
| 1988-12-31 | $2.77 | $87.85 | x |
| 1989-12-31 | $3.28 | $87.85 | x |
| 1990-12-31 | $4.08 | $87.85 | x |
| 1991-12-31 | $5.12 | $87.85 | x |
| 1992-12-31 | $6.50 | $87.85 | x |
| 1993-12-31 | $8.19 | $87.85 | x |
| 1994-12-31 | $8.34 | $87.85 | x |
| 1995-12-31 | $10.35 | $87.85 | x |
| 1996-12-31 | $11.67 | $87.85 | x |
| 1997-12-31 | $14.43 | $87.85 | x |
| 1998-12-31 | $16.59 | $87.85 | x |
| 1999-12-31 | $16.60 | $87.85 | x |
| 2000-12-31 | $19.08 | $87.85 | x |
| 2001-12-31 | $19.70 | $87.85 | x |
| 2002-12-31 | $20.11 | $87.85 | x |
| 2003-12-31 | $23.02 | $87.85 | x |
| 2004-12-31 | $26.72 | $87.85 | x |
| 2005-12-31 | $29.39 | $87.85 | x |
| 2006-12-31 | $31.46 | $87.85 | x |
| 2007-12-31 | $33.96 | $87.85 | x |
| 2008-12-31 | $27.21 | $87.85 | x |
| 2009-12-31 | $32.15 | $87.85 | x |
| 2010-12-31 | $32.74 | $87.85 | x |
| 2011-12-31 | $33.87 | $87.85 | x |
| 2012-12-31 | $33.55 | $87.85 | x |
| 2013-12-31 | $33.16 | $87.85 | x |
| 2014-12-31 | $34.09 | $87.85 | x |
| 2015-12-31 | $32.98 | $87.85 | x |
| 2016-12-31 | $31.69 | $87.85 | x |
| 2017-12-31 | $31.84 | $87.85 | x |
| 2018-12-31 | $29.23 | $87.85 | x |
| 2019-12-31 | $32.51 | $87.85 | x |
| 2020-12-31 | $36.72 | $87.85 | x |
| 2021-12-31 | $38.65 | $87.85 | x |
| 2022-12-31 | $27.49 | $87.85 | x |
| 2023-12-31 | $27.96 | $87.85 | x |
| 2024-12-31 | $35.15 | $87.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mercury General Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 24.04%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.55%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 4.27x
- Recent ROE (24.04%) is above the historical average (12.14%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 13.86% | 8.92% | 0.60x | 2.61x | $3.62 Million |
| 1986 | 13.16% | 5.42% | 0.71x | 3.41x | $3.41 Million |
| 1987 | 16.80% | 5.56% | 0.74x | 4.11x | $8.34 Million |
| 1988 | 20.22% | 6.56% | 0.75x | 4.13x | $15.06 Million |
| 1989 | 19.20% | 6.47% | 0.77x | 3.85x | $16.24 Million |
| 1990 | 23.52% | 9.75% | 0.72x | 3.35x | $29.66 Million |
| 1991 | 23.63% | 12.37% | 0.69x | 2.76x | $37.78 Million |
| 1992 | 23.55% | 16.17% | 0.67x | 2.19x | $47.93 Million |
| 1993 | 21.36% | 18.02% | 0.62x | 1.92x | $51.17 Million |
| 1994 | 14.50% | 11.49% | 0.63x | 1.99x | $20.58 Million |
| 1995 | 15.98% | 13.21% | 0.63x | 1.91x | $33.78 Million |
| 1996 | 16.49% | 12.82% | 0.58x | 2.21x | $41.64 Million |
| 1997 | 19.55% | 13.86% | 0.65x | 2.16x | $76.35 Million |
| 1998 | 19.35% | 14.53% | 0.65x | 2.05x | $85.79 Million |
| 1999 | 14.70% | 10.44% | 0.67x | 2.10x | $42.75 Million |
| 2000 | 10.59% | 8.01% | 0.64x | 2.07x | $6.08 Million |
| 2001 | 9.85% | 6.99% | 0.65x | 2.17x | $-1.63 Million |
| 2002 | 6.02% | 3.70% | 0.68x | 2.41x | $-43.77 Million |
| 2003 | 14.68% | 8.14% | 0.73x | 2.48x | $58.77 Million |
| 2004 | 19.61% | 10.73% | 0.74x | 2.47x | $140.25 Million |
| 2005 | 15.75% | 8.46% | 0.74x | 2.51x | $92.48 Million |
| 2006 | 12.46% | 6.78% | 0.74x | 2.49x | $42.40 Million |
| 2007 | 12.77% | 7.48% | 0.72x | 2.37x | $51.63 Million |
| 2008 | -16.21% | -10.03% | 0.61x | 2.64x | $-391.52 Million |
| 2009 | 22.76% | 12.91% | 0.74x | 2.39x | $225.98 Million |
| 2010 | 8.48% | 5.48% | 0.66x | 2.34x | $-27.28 Million |
| 2011 | 10.29% | 6.88% | 0.68x | 2.19x | $5.42 Million |
| 2012 | 6.35% | 4.20% | 0.66x | 2.27x | $-67.34 Million |
| 2013 | 6.15% | 3.98% | 0.65x | 2.37x | $-70.11 Million |
| 2014 | 9.49% | 5.91% | 0.65x | 2.45x | $-9.60 Million |
| 2015 | 4.09% | 2.47% | 0.65x | 2.54x | $-107.61 Million |
| 2016 | 4.17% | 2.26% | 0.67x | 2.73x | $-102.20 Million |
| 2017 | 8.23% | 4.24% | 0.67x | 2.90x | $-31.26 Million |
| 2018 | -0.35% | -0.17% | 0.62x | 3.36x | $-167.50 Million |
| 2019 | 17.79% | 8.06% | 0.67x | 3.27x | $140.14 Million |
| 2020 | 18.43% | 9.90% | 0.60x | 3.11x | $171.35 Million |
| 2021 | 11.58% | 6.21% | 0.59x | 3.16x | $33.91 Million |
| 2022 | -33.68% | -14.07% | 0.56x | 4.28x | $-664.89 Million |
| 2023 | 6.22% | 2.08% | 0.65x | 4.59x | $-58.48 Million |
| 2024 | 24.04% | 8.55% | 0.66x | 4.27x | $273.30 Million |
Industry Comparison
This section compares Mercury General Corporation's net assets metrics with peer companies in the Insurance - Property & Casualty industry.
Industry Context
- Industry: Insurance - Property & Casualty
- Average net assets among peers: $3,948,110,200
- Average return on equity (ROE) among peers: 16.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mercury General Corporation (MCY) | $2.23 Billion | 13.86% | 3.20x | $2.33 Billion |
| American Coastal Insurance Corp (ACIC) | $45.29 Million | -2.04% | 3.72x | $246.71 Million |
| American Financial Group Inc (AFG) | $1.95 Billion | -0.76% | 7.91x | $8.44 Billion |
| AmTrust Financial Services Inc Pref Series A (AFSIA) | $118.83 Million | 11.87% | 3.19x | $1.69 Billion |
| Aspen Insurance Holdings Limited (AHL) | $2.39 Billion | 15.82% | 1.78x | $14.67 Million |
| American Integrity Insurance Group, Inc. (AII) | $337.02 Million | 29.56% | 2.63x | $226.61 Million |
| Assurant Inc (AIZ) | $3.37 Billion | 2.66% | 6.24x | $10.48 Billion |
| The Allstate Corporation (ALL) | $30.61 Billion | 33.59% | 2.91x | $52.86 Billion |
| Admiral Group plc (AMIGF) | $68.95 Million | 44.87% | 4.47x | $10.33 Billion |
| Ategrity Specialty Insurance Company Holdings (ASIC) | $398.81 Million | 11.81% | 1.82x | $152.35 Million |
| Bowhead Specialty Holdings Inc. (BOW) | $192.08 Million | 13.04% | 4.35x | $684.69 Million |