Mercury General Corp.: The Los Angeles-based insurer...
Mercury General Corp.: The Los Angeles-based insurer reported net income of $18.9 million for the fourth quarter of 1990, down 15% from the previous year. Annual earnings rose 52% to $51.6 million, boosted in part by a non-recurring tax benefit. Investment income for the year was $50.9 million, an increase of 19% from 1989.
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