Mercury General (STU:MCG) Tax Rate % : 17.66% (As of Mar. 2024)

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What is Mercury General Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Mercury General's Tax Expense for the three months ended in Mar. 2024 was €14 Mil. Mercury General's Pre-Tax Income for the three months ended in Mar. 2024 was €82 Mil. Therefore, Mercury General's Tax Rate % for the quarter that ended in Mar. 2024 was 17.66%.

Mercury General Tax Rate % Historical Data

The historical data trend for Mercury General's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Mercury General Tax Rate % Chart

Mercury General Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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15.34

18.30

17.16

23.56

3.11

Mercury General Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															27.05	32.13	45.98	19.56	17.66

Mercury General Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Mercury General's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	2.835	/	91.175
	=	3.11 %

Mercury General's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	14.497	/	82.082
	=	17.66 %

Mercury General Tax Rate % Related Terms

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Mercury General (STU:MCG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Mercury General Corp (STU:MCG) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

MCY:USA MCG:Germany

Address

4484 Wilshire Boulevard, Los Angeles, CA, USA, 90010

Website

http://www.mercuryinsurance.com

Mercury General Corp is an insurance holding company operating in the property-casualty market, where it focuses on low-cost auto insurance for individuals, with operations in nearly 13 United States of America states. However, its business--about 75% of premiums--comes from California, where it was established by George Joseph, the current company chairman, and majority owner. Its insurance is distributed exclusively through independent agents.

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