Mercury General

Q2 FY2026 EarningsQ2 FY2026 results significantly exceeded consensus across the board: total revenue reached $1,681.8M vs. $1,524.4M expected, and GAAP EPS of $4.76 beat the $1.80 estimate by 164%. Outperformance was driven by a robust 9.6% YoY growth in net premiums earned and a substantial surge in net realized investment gains. Operating income per share of $3.52 also comfortably surpassed normalized expectations, supported by a 2.6pct improvement in the combined ratio to 89.9%.