UPDATE: Mercury General Posts Wider Q2 Loss

Mercury General MCY posted a wider second-quarter loss. Mercury General posted a quarterly loss of $9.3 million, or $0.17 per share, versus a year-ago loss of $5.3 million, or $0.10 per share. Its operating profit increased to $0.63 per share from $0.19 per share. However, analysts were expecting a profit of $0.64 per share. Mercury General's revenue came in at $642.6 million. Mercury General shares closed at $45.30 on Friday.