Monday, May 7, 2007

UPDATE 1-Mercury General quarterly profit beats Street estimates

(Reuters) - The auto and home insurer said first-quarter net income was $60.5 million, or $1.10 cents, compared with $58.6 million, or $1.07 cents in the year-ago period.

Included in the latest first-quarter earnings were net investment losses of 1 cent per share, compared with investment gains of 8 cents per share in the year-ago quarter.


Read more at Reuters.com Market News

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