---
title: "Mercury General | 10-Q: FY2025 Q1 Revenue: USD 1.394 B"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/238980131.md"
datetime: "2025-05-06T20:12:39.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/238980131.md)
  - [en](https://longbridge.com/en/news/238980131.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/238980131.md)
---

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# Mercury General | 10-Q: FY2025 Q1 Revenue: USD 1.394 B

Revenue: As of FY2025 Q1, the actual value is USD 1.394 B.

EPS: As of FY2025 Q1, the actual value is USD -1.96, beating the estimate of USD -3.53.

EBIT: As of FY2025 Q1, the actual value is USD -142.3 M.

### Segment Revenue

-   **Net Premiums Earned**: $1,283.1 million for the three months ended March 31, 2025, compared to $1,166.7 million for the same period in 2024.

### Operational Metrics

-   **Net Loss**: - $108.3 million for the three months ended March 31, 2025, compared to net income of $73.5 million for the same period in 2024.
-   **Loss Ratio**: 95.1% for the three months ended March 31, 2025, compared to 77.5% for the same period in 2024.
-   **Expense Ratio**: 24.0% for the three months ended March 31, 2025, compared to 23.4% for the same period in 2024.
-   **Combined Ratio**: 119.2% for the three months ended March 31, 2025, compared to 100.9% for the same period in 2024.

### Cash Flow

-   **Net Cash Used in Operating Activities**: - $68.7 million for the three months ended March 31, 2025, compared to $192.6 million provided by operating activities for the same period in 2024.
-   **Net Cash Provided by Investing Activities**: $651.6 million for the three months ended March 31, 2025, compared to - $194.9 million used in investing activities for the same period in 2024.

### Unique Metrics

-   **Ceded Premiums Earned**: $106.7 million for the three months ended March 31, 2025, compared to $31.1 million for the same period in 2024.
-   **Ceded Losses and Loss Adjustment Expenses**: $1,292.5 million for the three months ended March 31, 2025, compared to - $0.8 million for the same period in 2024.

### Future Outlook and Strategy

-   **Core Business Focus**: The Company plans to adhere to market-share requirements to incorporate catastrophe modeling and reinsurance costs into its rate-making, with the process expected to be complete by late 2025.
-   **Non-Core Business**: The Company is actively pursuing subrogation against Southern California Edison for the Eaton fire, with an estimated subrogation recovery of $525 million.

### 相关股票

- [Mercury General (MCY.US)](https://longbridge.com/zh-CN/quote/MCY.US.md)

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