Mercury General posts 1Q profit

LOS ANGELES (AP) _ Mercury General Corp. (MCY) on Monday reported first-quarter earnings of $27 million.

The Los Angeles-based company said it had profit of 49 cents per share. Earnings, adjusted for investment gains, came to 20 cents per share.

The auto insurance company posted revenue of $847.5 million in the period.

Mercury General shares have risen 2 percent since the beginning of the year. The stock has climbed 16 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

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