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.

In 2020, Mercury benefited from COVID19 social restrictions, which impacted auto claims activity positively. As a result, the company recorded the best-combined ratio over the last decade, with a FY2020 combined ratio of 93.6%.

Mercury General: Always No, Forever No

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LOS ANGELES, Dec. 8, 2021 /PRNewswire/ -- Mercury Insurance (NYSE: MCY), a regional Commercial Multi-Peril (CMP) Insurance specialist, announced the company is offering Small Business Insurance for California business owners, including those with retail stores, restaurants, professional services and medical offices. The latest offering from Mercury's CMP line is designed to provide a quick quote with easy to tailor coverage packages to protect customer's businesses.

Mercury Insurance is ready to Protect California Entrepreneurs with Small Business Insurance

LOS ANGELES , Nov. 19, 2021 /PRNewswire/ -- Mercury Insurance (NYSE: MCY) today announces five new coverages and three new discounts available for homeowners in Arizona. Mercury's new coverages provide additional insurance protections with an option for environmentally-friendly replacement products.

Mercury Insurance Offers New Coverages and Discounts to Arizona Homeowners

LOS ANGELES, Nov. 18, 2021 /PRNewswire/ -- Beginning January 3 rd, 2022, Mercury Insurance (NYSE: MCY) is rolling out Mercury's My Workplace, a new business model that will allow team members to choose where they want to work. It will give many of the company's team members the freedom to work from home, which may be anywhere in the United States, from the office, or a hybrid combination of both.

Mercury Insurance Embraces Flexible Work Model with My Workplace

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In this article series, we provide a weekly summary of dividend changes. A summary table presents relevant data and key statistics of dividend increases.

Dividend Increases: October 30-November 5, 2021

Mercury General (MCY) delivered earnings and revenue surprises of -20.00% and 0.08%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Mercury General (MCY) Lags Q3 Earnings Estimates

LOS ANGELES, Nov. 2, 2021 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today for the third quarter of 2021: Consolidated Highlights Three Months Ended September 30, Change Nine Months Ended September 30, Change 2021 2020 $ % 2021 2020 $ % (000's except per-share amounts and ratios) Net premiums earned (2) $ 940,941 $ 899,304 $ 41,637 4.6 $ 2,783,682 $ 2,633,775 $ 149,907 5.7 Net premiums written (1) (2) $ 1,014,967 $ 942,888 $ 72,079 7.6 $ 2,922,691 $ 2,716,016 $ 206,675 7.6 Net realized investment (losses) gains, net of tax (3) $ (34,399) $ 50,904 $ (85,303) (167.6) $ 44,993 $ (22,482) $ 67,475 NM Net income $ 1,288 $ 118,857 $ (117,569) (98.9) $ 217,464 $ 207,864 $ 9,600 4.6 Net income per diluted share $ 0.02 $ 2.15 $ (2.13) (99.1) $ 3.93 $ 3.75 $ 0.18 4.8 Operating income (1) $ 35,687 $ 67,953 $ (32,266) (47.5) $ 172,471 $ 230,346 $ (57,875) (25.1) Operating income per diluted share (1) $ 0.64 $ 1.23 $ (0.59) (48.0) $ 3.11 $ 4.16 $ (1.05) (25.2) Catastrophe losses net of reinsurance (4) $ 25,000 $ 29,000 $ (4,000) (13.8) $ 85,000 $ 43,000 $ 42,000 97.7 Combined ratio (5) 99.0 % 94.3 % — 4.7 pts 95.8 % 93.0 % — 2.8 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) The Company's net premiums earned and written were reduced by approximately $21 million and $128 million for the three and nine months ended September 30, 2020, respectively, due to premium refunds and credits to its eligible policyholders under the "Mercury Giveback" program for reduced driving and business activities following the outbreak of the COVID-19 pandemic.

Mercury General Corporation Announces Third Quarter Results and Increases Quarterly Dividend

Mercury General (MCY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Mercury General (MCY) Q3 Earnings Expected to Decline

LOS ANGELES, Oct. 18, 2021 /PRNewswire/ -- The 2021-22 National Hockey League season is back and Mercury Insurance (NYSE: MCY) is giving Anaheim Ducks fans the opportunity to return to the stands at the Honda Center with two free tickets for a regular season home game if they complete an online auto or homeowners insurance quote. The "Get a Quote, Get Two Tickets" promotion run from October 18 th through December 3 rd for Ducks fans who complete an online Mercury auto insurance quote at www.MercuryInsurance.com/Ducks.

Mercury Insurance is Giving Away Anaheim Ducks Tickets

LOS ANGELES, Oct. 18, 2021 /PRNewswire/ -- The 2021-22 National Hockey League season is here and Mercury Insurance (NYSE: MCY) is giving LA Kings fans two free tickets for a regular season home game if they complete an online auto or homeowners insurance quote. The "Get a Quote, Get Two Tickets" promotion runs from October 18 th through December 3 rd.

Mercury Insurance is Giving Away LA Kings Tickets

LOS ANGELES, Oct. 13, 2021 /PRNewswire/ -- Mercury Insurance is reporting a dramatic increase in vehicle vandalism and auto theft in California with comprehensive auto insurance claims up 40% since pre-pandemic levels. While the increase in theft and vandalism began when the COVID-19 pandemic started, theft of audio and other car parts, including catalytic converters, continue to rise as pandemic restrictions are relaxed.

Mercury Insurance Reports a 40% Spike in California Comprehensive Car Claims

LOS ANGELES, Oct. 11, 2021 /PRNewswire/ -- Mercury Insurance (NYSE: MCY) has been recognized as one of America's Best Insurance Companies for 2022 by Forbes. Forbes partnered with Statista to survey customers of more than 4,200 U.S. insurance companies to create the rankings, focusing on customers' likelihood of recommending a company, their general satisfaction with their current insurer, and five additional sub-dimensions, such as financial advice, customer service, price/performance ratio, transparency, and damage/benefit ratio.

Forbes Recognizes Mercury Insurance as One of the Best Insurance Companies in America for 2022

LOS ANGELES, Oct. 8, 2021 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today that after the markets close on Tuesday, November 2, 2021, the Company will issue an earnings press release reporting its results for the third quarter of 2021, 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 November 2, 2021

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LOS ANGELES, Sept. 15, 2021 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) announced today that Victor Joseph has been named to the newly created position of Executive Vice President & Chief Operating Officer (EVP & COO) effective January 1, 2022.

Victor Joseph Named Executive Vice President & Chief Operating Officer of Mercury General Corporation

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Mercury General (MCY) delivered earnings and revenue surprises of 2.73% and 2.29%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Mercury General (MCY) Beats Q2 Earnings and Revenue Estimates

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News for Mercury General Stock (MCY)