MCY (Mercury General) Retained Earnings : $1,763 Mil (As of Sep. 2024)

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What is Mercury General Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Mercury General's retained earnings for the quarter that ended in Sep. 2024 was $1,763 Mil.

Mercury General's quarterly retained earnings increased from Mar. 2024 ($1,505 Mil) to Jun. 2024 ($1,550 Mil) and increased from Jun. 2024 ($1,550 Mil) to Sep. 2024 ($1,763 Mil).

Mercury General's annual retained earnings declined from Dec. 2021 ($2,041 Mil) to Dec. 2022 ($1,423 Mil) but then increased from Dec. 2022 ($1,423 Mil) to Dec. 2023 ($1,449 Mil).

Mercury General Retained Earnings Historical Data

The historical data trend for Mercury General's Retained Earnings 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.

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Mercury General Retained Earnings Chart

Mercury General Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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1,700.67

1,933.63

2,041.34

1,423.18

1,449.20

Mercury General Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial															1,275.39	1,449.20	1,505.08	1,550.07	1,763.34

Mercury General Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Mercury General (NYSE:MCY) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Mercury General Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Mercury General Corp (NYSE:MCY) » Definitions » Retained Earnings

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MCG:Germany

Address

4484 Wilshire Boulevard, Los Angeles, CA, USA, 90010

Website

http://www.mercuryinsurance.com

Mercury General Corp is an insurance holding company. It is engaged in writing personal automobile insurance and provides related property and casualty insurance products. The Company offers the following types of automobile coverage: collision, property damage, bodily injury ("BI"), comprehensive, personal injury protection ("PIP"), underinsured and uninsured motorist, and other hazards. The Company offers the following types of homeowners coverage: dwelling, liability, personal property, and other coverages.

Executives

Heidi C. Sullivan	officer: Vice President, Human Res.	4484 WILSHIRE BLVD, LOS ANGELES CA 90010
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