LOS ANGELES (AP) _ Mercury General Corp. (MCY) on Monday reported second-quarter profit of $83.3 million.
The Los Angeles-based company said it had profit of $1.50 per share. Earnings, adjusted for investment gains, came to 74 cents per share.
The auto insurance company posted revenue of $979.5 million in the period. Its adjusted revenue was $926.2 million.
Mercury General shares have increased 20% since the beginning of the year. The stock has risen 37% 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
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