Mercury General Q1 Profit Down - Quick Facts

(RTTNews) - Mercury General Corp. (MCY) reported that its net income for the first quarter of 2015 dropped to $26.17 million from $72.65 million in the prior year. On a per basis, net income was $0.47 down from $1.32 last year.

Operating income for the quarter declined to $0.59 from $0.77 in the previous year.

Total revenues for the quarter dropped to $744.55 million from $762.96 million last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.72 per share and revenues of $751.91 million for the quarter. Analysts' estimates typically exclude special items.

The Board of Directors declared a quarterly dividend of $0.6175 per share. The dividend will be paid on June 25, 2015 to shareholders of record on June 11, 2015.