Company profile

Gabriel Tirador
Incorporated in
Fiscal year end
IRS number

MCY stock data



5 May 20
6 Jul 20
31 Dec 20


Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 708.31M 987.99M 987.3M 979.49M
Net income -139.2M 31.69M 69.28M 83.25M
Diluted EPS -2.51 0.57 1.25 1.5
Net profit margin -19.65% 3.21% 7.02% 8.50%
Net change in cash -41.56M -20.97M 75.05M -29.79M
Cash on hand 252.84M 294.4M 315.37M 240.32M
Cost of revenue 3M 2.7M 2.5M 2.7M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 3.97B 3.38B 3.42B 3.23B
Net income 320.09M -5.73M 144.88M 73.04M
Diluted EPS 5.78 -0.1 2.62 1.32
Net profit margin 8.06% -0.17% 4.24% 2.26%
Net change in cash -19.89M 22.88M 71.1M -43.9M
Cash on hand 294.4M 314.29M 291.41M 220.32M
Cost of revenue 10.5M 10.5M 10.2M

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
12 Jun 20 Braunegg George Gwyer Common Stock Buy Aquire P No 40.1854 750 30.14K 2,501
11 Jun 20 Joshua Eric Little Common Stock Buy Aquire P No 39.887 150 5.98K 1,400
11 Jun 20 Hosseini Abby Common Stock Buy Aquire P No 40.26 167 6.72K 667
1 Jun 20 Hosseini Abby Common Stock Buy Aquire P No 40.23 500 20.12K 500
22 May 20 George Joseph Common Stock Buy Aquire P No 39.27 63,500 2.49M 19,612,934
41.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 219 227 -3.5%
Opened positions 37 38 -2.6%
Closed positions 45 36 +25.0%
Increased positions 77 77
Reduced positions 71 75 -5.3%
13F shares
Current Prev Q Change
Total value 3.74B 4.89B -23.6%
Total shares 22.72M 24.03M -5.5%
Total puts 47.1K 11.5K +309.6%
Total calls 46K 36.2K +27.1%
Total put/call ratio 1.0 0.3 +222.3%
Largest owners
Shares Value Change
Vanguard 2.69M $109.68M +3.8%
Renaissance Technologies 2.37M $96.5M +10.4%
BLK BlackRock 2.36M $96.2M -2.6%
Dimensional Fund Advisors 1.52M $61.95M -1.5%
STT State Street 1.14M $46.32M +11.4%
IVZ Invesco 810.18K $32.99M -7.7%
Aqr Capital Management 763.09K $30.29M +13.3%
GS The Goldman Sachs Group, Inc. 693.99K $28.26M -10.4%
BK Bank Of New York Mellon 552.92K $22.52M -3.5%
Frontier Investment MGMT 422.17K $17.19M +6.8%
Largest transactions
Shares Bought/sold Change
Vaughan Nelson Investment Management 0 -724.89K EXIT
Norges Bank 0 -601.73K EXIT
WHG Westwood 315.19K -450.22K -58.8%
American Century Companies 0 -291.9K EXIT
Primecap Management 0 -276.2K EXIT
Renaissance Technologies 2.37M +222.74K +10.4%
Philadelphia Financial Management of San Francisco 162.78K +162.78K NEW
Millennium Management 293.47K +135.25K +85.5%
Arrowstreet Capital, Limited Partnership 130.1K +130.1K NEW
STT State Street 1.14M +116.59K +11.4%

Financial report summary

  • Pandemics, epidemics, widespread health emergencies, or outbreaks of infectious diseases could disrupt the Company's business and adversely affect its results of operations and financial condition.
Management Discussion
  • Net premiums earned and net premiums written for the three months ended March 31, 2020 increased 6.0% and 4.1%, respectively, from the corresponding period in 2019. The increase in net premiums earned and net premiums written was primarily due to higher average premiums per policy arising from rate increases in the California private passenger automobile and homeowners lines of insurance business and growth in the number of homeowners policies written in California.
  • Net premiums earned included ceded premiums earned of $13.7 million and $14.6 million for the three months ended March 31, 2020 and 2019, respectively. Net premiums written included ceded premiums written of $11.4 million and $5.9 million for the three months ended March 31, 2020 and 2019, respectively. The decrease in ceded premiums earned for the three months ended March 31, 2020 compared to the same period in 2019 resulted mostly from ceded reinstatement premiums earned during the three months ended March 31, 2019 related to the Camp and Woolsey Fires in the fourth quarter of 2018, partially offset by an increase in ceded premiums earned resulting from higher reinsurance coverage and rates and growth in the covered book of business. The increase in ceded premiums written for the three months ended March 31, 2020 compared to the same period in 2019 resulted mostly from higher reinsurance coverage and rates as well as growth in the covered book of business, coupled with reductions in ceded reinstatement premiums in the first quarter of 2019 as a result of a decrease in estimated total losses and reinsurance benefits for the Camp and Woolsey Fires, as described further in Note 10. Loss and Loss Adjustment Expense Reserves of the Notes to Consolidated Financial Statements.
  • Net premiums earned, a GAAP measure, represents the portion of net premiums written that is recognized as revenue in the financial statements for the periods presented and earned on a pro-rata basis over the term of the policies. Net premiums written is a non-GAAP financial measure which represents the premiums charged on policies issued during a fiscal period, net of any applicable reinsurance. Net premiums written is a statutory measure designed to determine production levels.
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