EXHIBIT 12.1

Mercury General Corporation

Computation of Ratio of Earnings to Fixed Charges

	Year Ended December 31,															Nine Months Ended September 30, 2016
	2015			2014			2013			2012			2011
	(in thousands, except ratios)
Computation of Earnings:
Income from continuing operations before income taxes	$	70,567		$	247,425		$	132,096		$	135,310		$	245,099		$	121,994
Add: Fixed charges		8,516			7,633			8,050			7,618			11,785			7,155
Estimated interest component on uncertain tax positions (1)		(274	)		(283	)		(392	)		(166	)		(131	)		(296	)
Total earnings	$	78,809		$	254,775		$	139,754		$	142,762		$	256,753		$	128,853
Computation of Fixed Charges:
Interest expense, including amortization of premiums, discounts and debt issuance costs	$	3,168		$	2,637		$	1,260		$	1,543		$	5,549		$	2,922
Estimated interest component of rental expense (2)		5,074			4,713			6,398			5,909			6,105			3,937
Estimated interest component on uncertain tax positions (1)		274			283			392			166			131			296
Total fixed charges	$	8,516		$	7,633		$	8,050		$	7,618		$	11,785		$	7,155
Ratio of earnings to fixed charges		9.3			33.4			17.4			18.7			21.8			18.0

(1) The Company recognizes interest and penalties relating to uncertain tax positions in income tax expense.

(2) Represents the estimated portion of operating lease rental expense that is considered by us to be representative of interest (one-third of rental expense).

For the periods indicated above, we had no outstanding shares of preferred stock with required dividend payments.