Mercury General

Mercury General Corp. operates as a broker and agency writer of automobile insurance. The firm engages in writing personal automobile insurance and provides related property and casualty insurance products to its customers. Its insurance products include private passenger automobile and related insurance products such as homeowners, commercial automobile and commercial property. The company was founded by George Joseph in 1961 and is headquartered in Los Angeles, CA.

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Mercury General Corp. operates as a broker and agency writer of automobile insurance. The firm engages in writing personal automobile insurance and provides related property and casualty insurance products to its customers. Its insurance products include private passenger automobiles and related insurance products such as homeowners, commercial automobile, and commercial property. The company was founded by George Joseph in 1961 and is headquartered in Los Angeles, CA.

LOS ANGELES , April 9, 2024 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today that after the markets close on Tuesday, April 30, 2024, the Company will issue an earnings press release reporting its results for the first quarter of 2024, and will also file its quarterly report on Form 10-Q with the Securities and Exchange Commission.  The earnings press release should be read in conjunction with the Company's quarterly report on Form 10-Q.

MERCURY GENERAL CORPORATION TO REPORT FIRST QUARTER RESULTS ON APRIL 30, 2024

Mercury's new umbrella insurance better protects Texans' personal wealth against bodily injury claims LOS ANGELES , April 3, 2024 /PRNewswire/ -- Multi-vehicle crashes, dog bites or a delivery person being injured on your property are some of the unexpected events that are putting Texans' personal financial health at risk. In fact, bodily injury payouts continue to climb year over year since the pandemic started, with the average amount for a liability claim increasing by 35%, according to Mercury Insurance  (NYSE: MCY).

Bodily Injury Costs Increase in Texas, According to Mercury Insurance

Does Mercury General (MCY) have what it takes to be a top stock pick for momentum investors? Let's find out.

Mercury General (MCY) is a Great Momentum Stock: Should You Buy?

Mercury's new added protection comes with environmentally friendly perks, while discounts put hard-earned money back in the pockets of policyholders  LOS ANGELES , April 2, 2024 /PRNewswire/ -- Mercury Insurance (NYSE: MCY) today announces three new coverages and four new discounts that are available for homeowners or renters in New Jersey. Mercury's new coverages provide additional insurance protections with an option for environmentally friendly replacement products.

Mercury Insurance Offers New Coverages and Discounts in New Jersey

Reevaluating Monthly Expenses like Insurance is Crucial to Savings LOS ANGELES , March 29, 2024 /PRNewswire/ -- Finances are consistently a top concern for many Americans, with "saving money" among the top 10 most common New Year's resolutions. This year, Americans are more concerned than ever due to the uncertainty created by high inflation, rising interest rates, lack of income growth and dwindling savings.

Mercury Insurance Shares 4 Ways to Achieve Financial Empowerment in 2024

Next Week's Fix a Leak Week Highlights Need for Vigilance LOS ANGELES , March 14, 2024 /PRNewswire/ -- Mercury Insurance has announced the company's ongoing partnership with Flume — a leading provider of smart water loss prevention technology — will provide additional savings for Fix a Leak Week (March 18-24). Mercury policyholders can save 25% on the retail price of Flume.

Mercury Insurance Continues Partnership with Flume Water Monitor to Help Policyholders Reduce Water Leaks

Mercury Recognized by Publication for Its Workplace Culture for the Fifth Time LOS ANGELES , March 12, 2024 /PRNewswire/ -- Forbes Magazine has named Mercury Insurance as one of America's best mid-sized employers for 2024, the fifth time the company has been recognized since 2017. The annual ranking — conducted in partnership with data analytics firm Statista — is based on a survey of more than 170,000 U.S.-based workers at American companies.

Forbes Names Mercury Insurance One of America's Best Mid-Sized Employers for 2024

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We have narrowed our search to five P&C insurers with strong potential for 2024. These are: These are: PGR, AXS, MCY, WRB, PLMR.

Top 5 Property & Casualty Insurers to Bolster Your Portfolio

Award Recognizes Mercury's Foundational Embrace of Diversity, Equity and Inclusion LOS ANGELES , Feb. 27, 2024 /PRNewswire/ -- Mercury Insurance  has been named by Newsweek, in conjunction with market data research firm Plant-A Insights, as one of America's Greatest Workplaces for Diversity for 2024. Companies were judged on criteria including competitive salaries, growth opportunities compared with other employers, work-life balance and non-discriminatory hiring practices.

Newsweek Names Mercury Insurance one of its 2024 America's Greatest Workplaces for Diversity

What Makes Mercury General (MCY) a Strong Momentum Stock: Buy Now?

Mercury General (MCY) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Rising for Mercury General (MCY): Will It Gain?

Mercury General (MCY) came out with quarterly earnings of $1.15 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to loss of $1.45 per share a year ago.

Mercury General (MCY) Surpasses Q4 Earnings and Revenue Estimates

LOS ANGELES , Feb. 13, 2024 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today the fourth quarter and fiscal 2023 results: Consolidated Highlights Three Months EndedDecember 31, Change Twelve Months EndedDecember 31, Change 2023 2022 $ % 2023 2022 $ % (000's except per-share amounts and ratios) Net premiums earned $  1,144,895 $  1,005,482 $  139,413 13.9 % $  4,274,378 $  3,952,482 $   321,896 8.1 % Net premiums written (1) $  1,132,150 $               915,750 $  216,400 23.6 % $  4,464,199 $  3,978,017 $   486,182 12.2 % Net realized investment gains (losses), net of tax (2) $               127,810 $ 73,595 $    54,215 73.7 % $ 79,801 $(385,583) $   465,384 NM Net income (loss) $               191,394 $ (6,770) $  198,164 NM $ 96,336 $(512,672) $   609,008 NM Net income (loss) per diluted share (3) $     3.46 $   (0.12) $        3.58 NM $     1.74 $    (9.26) $       11.00 NM Operating income (loss) (1) $ 63,584 $(80,365) $  143,949 NM $ 16,535 $(127,089) $   143,624 NM Operating income (loss) per diluted share (1) $     1.15 $   (1.45) $        2.60 NM $     0.30 $    (2.30) $         2.60 NM Catastrophe losses net of reinsurance (4) $ 16,000 $ 40,000 $ (24,000) (60.0) % $               239,000 $               102,000 $   137,000 134.3 % Combined ratio (5) 98.6 % 115.8 % —          (17.2) pts 105.4 % 108.7 % —        (3.3) pts NM = Not Meaningful (1) These measures are not based on U.S. generally accepted accounting principles ("GAAP"), are defined in "Information Regarding GAAP and Non-GAAP Measures" and are reconciled to the most directly comparable GAAP measures in "Supplemental Schedules." (2) Net realized investment gains (losses) before tax were $162 million and $93 million for the three months ended December 31, 2023 and 2022, respectively, and $101 million and $(488) million for the twelve months ended December 31, 2023 and 2022, respectively.

Mercury General Corporation Announces Fourth Quarter and Fiscal 2023 Results and Declares Quarterly Dividend

Simon Zhang will spearhead effort to unlock Mercury's deep data and analytics resources to fuel the company's innovation efforts and improve customer experiences LOS ANGELES , Feb. 8, 2024 /PRNewswire/ -- Mercury Insurance (NYSE: MCY), a leading provider of property and casualty insurance, has appointed Simon Zhang to the newly-created position of Chief Data and Analytics Officer. The hire continues Mercury's ongoing effort to utilize advanced data analytics to drive business growth, elevate the carrier's product offerings, and better meet the needs of its policyholders.

Mercury Insurance Invests in a New Vision of Data Science with the Appointment of Chief Data Analytics Officer

LOS ANGELES , Jan. 16, 2024 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today that after the markets close on Tuesday, February 13, 2024, the Company will issue an earnings press release reporting its results for the fourth quarter of 2023, and will also file its annual report on Form 10-K with the Securities and Exchange Commission. The earnings press release should be read in conjunction with the Company's annual report on Form 10-K.

MERCURY GENERAL CORPORATION TO REPORT FOURTH QUARTER RESULTS ON FEBRUARY 13, 2024

"Where's Bailey?" Augmented Reality Experience Features LA-centric Art from World Renowned Muralist Nigel Sussman LOS ANGELES , Dec. 20, 2023 /PRNewswire/ -- Mercury Insurance and the Los Angeles Kings announced today that the two longtime partners have teamed up to create a first-of-its-kind augmented reality (AR) experience that will send fans on a fanciful adventure through some of LA's most recognized landmarks in search of Kings' mascot and hockey's most lovable lion, Bailey.

Mercury Insurance Partners with LA Kings to Bring First-of-Their-Kind Experiences to Fans

Mercury's Experts Provide Handy Tips for Winter Driving Challenges LOS ANGELES , Dec. 19, 2023 /PRNewswire/ -- Winter road trips can be an exciting adventure, yet they are not without risks. Drivers must remain vigilant and prepared for any potential hazards such as rain, snow, ice, wind, or the combination of all four.

Mercury Insurance Offers Winter Safety Guide to Navigate Rain and Snow

Whether hosting loved ones or traveling out of town, homeowners should ensure their property is protected from holiday mishaps LOS ANGELES , Dec. 14, 2023 /PRNewswire/ -- The holiday season is a time for gathering with friends and family to celebrate traditions, create lasting memories, and carry the joy of the festivities into the new year. However, the holidays can also pose a unique set of challenges for homeowners as they prepare to host guests or visit loved ones out of town.

Mercury Insurance Offers Home Safety Tips to Keep the Holiday Season Merry and Bright

Underscores Mercury's long-term vision for a strong and vibrant future LOS ANGELES , Dec. 13, 2023 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) announced today that Victor Joseph has been named President & Chief Operating Officer and has also been appointed to the Company's board of directors, effective January 1, 2024. Victor is currently Mercury's Executive Vice President & Chief Operating Officer, a position he has held since 2022.

Victor Joseph Promoted to President & Chief Operating Officer of Mercury General Corporation

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Mercury's "My First Game" campaign returns, providing select fans with game tickets and more LOS ANGELES , Oct. 11, 2023 /PRNewswire/ -- Mercury Insurance (NYSE: MCY) proudly announces its continued sponsorship of the Anaheim Ducks for the 2023-24 NHL season, honoring both the Ducks' 30th anniversary and Mercury's ninth successive year of collaboration with the team. "Our partnership with the Anaheim Ducks has generated a tremendous amount of goodwill in the community over our nearly decade-long relationship," said Erik Thompson, Vice President and Chief Marketing Officer at Mercury Insurance.

Mercury Insurance Continues Partnership with Anaheim Ducks in Celebration of Team's 30th Season

LOS ANGELES , Oct. 10, 2023 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today that after the markets close on Tuesday, October 31, 2023, the Company will issue an earnings press release reporting its results for the third quarter of 2023, and will also file its quarterly report on Form 10-Q with the Securities and Exchange Commission. The earnings press release should be read in conjunction with the Company's quarterly report on Form 10-Q.

MERCURY GENERAL CORPORATION TO REPORT THIRD QUARTER RESULTS ON OCTOBER 31, 2023

Extended Multi-Year Agreement Solidifies Mercury as the NHL Team's Inaugural Jersey Patch Partner, Celebrating 16 Years of Collaboration and Commitment to Southern California Communities LOS ANGELES , Oct. 3, 2023 /PRNewswire/ -- Mercury Insurance (NYSE: MCY) and National Hockey League (NHL) franchise, the LA Kings, are proud to announce a landmark collaboration. Mercury will become the team's first-ever jersey patch partner, underscoring the organizations' commitment to Los Angeles and the rich tapestry of communities that make up the Southern California market.

Mercury Insurance Crowned LA Kings' First Jersey Patch Partner, Extending Historic Partnership

Mercury's new umbrella insurance better protects Californians' personal wealth  against bodily injury claims LOS ANGELES , Sept. 14, 2023 /PRNewswire/ -- Multi-vehicle crashes, dog bites or a delivery person being injured on your property are some of the unexpected events that are putting Californians' personal financial health at risk.

Bodily Injury Costs Increase in California, According to Mercury Insurance

Cameron Nordholm joins Mercury as Head of Technical Product with the aim of accelerating carrier's development of solutions for customers, agents and team members LOS ANGELES , Sept. 13, 2023 /PRNewswire/ -- Mercury Insurance (NYSE: MCY), a leading provider of property and casualty insurance, has appointed Cameron Nordholm as its Head of Technical Product to help lead the company's digital transformation.

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