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Expense Ratio % is the percentage of expenses associated with acquiring, underwriting, and servicing premiums to net premium earned. It indicates the efficiency of the insurance company before considering its claims and investment gains or losses.
Mercury General's Expense Ratio % for the quarter that ended in Dec. 2023 was 22.90% , which is lower than 23.00% for the pervious quarter ended in Sep. 2023.
Mercury General's Expense Ratio % for the annual that ended in Dec. 2023 was 23.50% , which is lower than 24.40% for the pervious year ended in Dec. 2022.
The historical rank and industry rank for Mercury General's Expense Ratio % or its related term are showing as below:
The historical data trend for Mercury General's Expense Ratio % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Mercury General Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Expense Ratio % | Get a 7-Day Free Trial | ||||||||||
Combined Ratio % | Get a 7-Day Free Trial | ||||||||||
Claims Ratio % | Get a 7-Day Free Trial |
Mercury GeneralQuarterly Data | |||||||||||||||||||||||||||||||||||||||||
Trend | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |||||||||||||||||||||
Expense Ratio % | Get a 7-Day Free Trial | ||||||||||||||||||||||||||||||||||||||||
Combined Ratio % | Get a 7-Day Free Trial | ||||||||||||||||||||||||||||||||||||||||
Claims Ratio % | Get a 7-Day Free Trial |
For the Insurance - Property & Casualty subindustry, Mercury General's Expense Ratio %, along with its competitors' market caps and Expense Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Expense Ratio % is calculated as:
Expense Ratio % | = | Expenses of Acquiring, Underwriting and Servicing Premiums | / | Net Premium Earned | * | 100% |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Mercury General (NYSE:MCY) Expense Ratio % Explanation
Expense Ratio % is the percentage of expenses associated with acquiring, underwriting, and servicing premiums to net premium earned. It can be used to make comparisons between insurance companies as well as measure their performance. An expense ratio below 100% suggests that the premiums an insurance company earned or wrote are more than the expenses it paid to support those premiums.
However, we should keep in mind that the ratio does not indicate an ending profitability. The overall profit is also influenced by the claims, investment gains or losses and other income. The ratio can be combined with Claims Ratio % and Combined Ratio % to get an overall performance of an insurance company.
Thank you for viewing the detailed overview of Mercury General's Expense Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Joshua Eric Little | director | 192 E 200 N, THIRD FLOOR, ST. GEORGE UT 84770 |
Wei Pang | officer: VP/Chief Technology Officer | 555 W. IMPERIAL HIGHWAY, BREA CA 92821 |
Mark Allan Ribisi | officer: President of AIS,subsidiary | 16969 VON KARMAN AVE., IRVINE CA 92606 |
Katelyn Marie Gibbs | officer: VP/Chief Experience Officer | 555 W. IMPERIAL HIGHWAY, BREA CA 92821 |
Kelly Lynn Butler | officer: VP/Chief Underwriting Officer | 1700 GREENBRIAR LANE, BREA CA 92821 |
Joseph Vicky Wai Yee | director | 4484 WILSHIRE BLVD., LOS ANGELES CA 90010 |
George Joseph | director, officer: Chairman of the Board | 4484 WILSHIRE BLVD, LOS ANGELES CA 90010 |
George Gwyer Braunegg | director | 6121 SHENANDOAH AVE., LOS ANGELES CA 90010 |
Abby Hosseini | officer: VP/Chief Information Officer | 555 W. IMPERIAL HIGHWAY, BREA CA 92821 |
Brandt Minnich | officer: Vice President, Marketing | 1700 GREENBRIAR LANE, BREA CA 92821 |
Gabriel Tirador | officer: President, other: Director | |
Charles Toney | officer: Vice President | |
Jeffrey Michael Schroeder | officer: VP/Chief Product Officer | 1700 GREENBRIAR LANE, BREA CA 92821 |
Mike Curtius | director | |
Ramona L Cappello | director | 4600 SLEEPYTIME DR, BOULDER CO 80301 |
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