LOS ANGELES (AP) — LOS ANGELES (AP) — Mercury General Corp. (MCY) on Tuesday reported a fourth-quarter loss of $6.8 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 12 cents. Losses, adjusted for investment gains, were $1.45 per share.
The auto insurance company posted revenue of $1.15 billion in the period. Its adjusted revenue was $1.06 billion.
For the year, the company reported a loss of $512.7 million, or $9.26 per share, swinging to a loss in the period. Revenue was reported as $4.13 billion.
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