Mercury General Corp. at the start of November reported net written premiums rose 8 percent for the third quarter from a year ago.
The board of directors for the Los Angeles, Calif.-based carrier also declared a quarterly dividend of 62 cents per share. The dividend will be paid on Dec. 29 to shareholders of record on Dec. 15.
Mercury reported net income fell 51.2 percent from the third quarter of 2014 and net income per diluted share fell 29 cents from 57 cents from last year to 28 cents this year.
Total revenues rose to $75.4 million from $71.9 million, with most of that increase from net premium earned.
Topics California Profit Loss Pricing Trends
Was this article valuable?
Here are more articles you may enjoy.
Chubb Posts Record Q4 and Full Year P/C Underwriting Income, Combined Ratio 
Lawyer for Prominent Texas Law Firm Among Victims ID’d in Maine Plane Crash 
Allstate CEO Wilson Takes on Affordability Issue During Earnings Call 
Beazley Agrees to Zurich’s Sweetened £8 Billion Takeover Bid From This Issue
