Mercury General Q1 Operating Profit Falls; Cuts 7 Pct Jobs

Posted by on May 5, 2009 under Auto News | Be the First to Comment

Auto and home insurer Mercury General Corp. posted an 18 percent drop in first-quarter operating profit, hurt by lower net premiums earned, but beat market estimates, and said it cut 360 jobs in the quarter.

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Mercury General Q1 Operating Profit Falls; Cuts 7 Pct Jobs

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