Mercury General: 1Q Earnings Snapshot

LOS ANGELES (AP) _ Mercury General Corp. (MCY) on Monday reported a first-quarter loss of $42.6 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 77 cents. Earnings, adjusted for investment costs, came to 7 cents per share.

The auto insurance company posted revenue of $783.2 million in the period. Its adjusted revenue was $841.9 million.

Mercury General shares have decreased 8 percent since the beginning of the year. The stock has decreased 20 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MCY at https://www.zacks.com/ap/MCY