Mercury General Turns To Profit In Q4 - Quick Facts

(RTTNews) - Mercury General Corp. (MCY) reported fourth-quarter net income of $15.38 million or $0.28 per share, compared to a loss of $17.38 million or $0.32 per share, prior year. Operating income was $18.15 million or $0.33 per share, for the quarter.

On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.54 for the quarter. Analysts' estimates typically exclude special items. Total revenues increased to $709.65 million, from $681.21 million, prior year. Analysts expected revenue of $718.26 million for the quarter. Net premiums written increased year-over-year to $668.12 million, from $654.93 million. The Board Mercury General declared a quarterly dividend of $0.6150 per share. The dividend will be paid on March 31, 2014 to shareholders of record on March 17, 2014.