Mercury General Corp. (MCY) on Tuesday reported a third-quarter loss of $98.3 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Los Angeles-based company said it had a loss of $1.78. Earnings, adjusted for investment costs, were 28 cents per share.
The auto insurance company posted revenue of $900.3 million in the period. Its adjusted revenue was $1.04 billion
LOS ANGELES (AP) _ Mercury General Corp. (MCY) on Tuesday reported a third-quarter loss of $98.3 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Los Angeles-based company said it had a loss of $1.78. Earnings, adjusted for investment costs, were 28 cents per share.
The auto insurance company posted revenue of $900.3 million in the period. Its adjusted revenue was $1.04 billion.
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