First Mercury Financial Corporation Announces Second Quarter Results

First Mercury Financial Corporation (NYSE: FMR) today announced results for the second quarter ended June 30, 2010.

Highlights for the second quarter 2010 include:

Book value per share of $16.75

Net income of $4.1 million, or $0.23 per diluted share

Operating net income of $6.2 million, or $0.35 per diluted share

Net investment income increase of 18.0 percent

A.M. Best revised outlook for the Company's insurance subsidiaries to positive from stable

Announced definitive agreement to acquire Valiant

Insurance Group, Inc. for tangible book value as previously disclosed

Fifth consecutive quarterly dividend of $0.025 per share