Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance in the United States. It also writes homeowners, commercial automobile, commercial property, mechanical protection, and umbrella insurance. The company's automobile insurance products include collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards; and homeowners' insurance products comprise dwelling, liability, personal property, fire, and other hazards. It sells its policies through a network of independent agents, insurance agencies, and direct channels in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas, and Virginia. The company was founded in 1961 and is headquartered in Los Angeles, California.
IPO Year:
Exchange: NYSE
Website: mercuryinsurance.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/7/2023 | $40.00 → $33.00 | Strong Buy → Outperform | Raymond James |
| 11/4/2022 | $45.00 | Underperform → Strong Buy | Raymond James |
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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. "This
Wilson Pang to Supercharge Technological Innovation Focused on Today's Modern Customers LOS ANGELES, March 6, 2023 /PRNewswire/ -- Mercury General Corporation (NYSE:MCY), a leading provider of property and casualty insurance, has appointed Wilson Pang as Chief Technology Officer (CTO) to lead its technological transformation efforts. Mercury was built on innovation when George Joseph – who founded Mercury more than 60 years ago – transformed the industry with the introduction of segmented pricing for different risk groups. With that entrepreneurial spirit serving as the foundation for the company, Mercury is poised to take a giant step into the digital future with the appointment of Mr. Pang
Wilson Pang to Supercharge Technological Innovation Focused on Today's Modern Customers LOS ANGELES, March 6, 2023 /PRNewswire-PRWeb/ -- Mercury General Corporation (NYSE:MCY), a leading provider of property and casualty insurance, has appointed Wilson Pang as Chief Technology Officer (CTO) to lead its technological transformation efforts. Mercury was built on innovation when George Joseph – who founded Mercury more than 60 years ago – transformed the industry with the introduction of segmented pricing for different risk groups. With that entrepreneurial spirit serving as the foundation for the company, Mercury is poised to take a giant step into the digital future with the appointment of Mr
Raymond James downgraded Mercury General from Strong Buy to Outperform and set a new price target of $33.00 from $40.00 previously
Raymond James upgraded Mercury General from Underperform to Strong Buy and set a new price target of $45.00
Raymond James resumed coverage of Mercury General with a rating of Sell
New Initiative Celebrates Everyday Champions Making a Positive Impact in Los Angeles LOS ANGELES, Nov. 19, 2024 /PRNewswire/ -- Mercury Insurance, in partnership with the Los Angeles Kings, has launched the Hockeywood Wall of Fame – a dynamic initiative dedicated to honoring the unsung heroes of our vibrant Los Angeles community. Housed at the Toyota Sports Performance Center, the wall was officially unveiled at a launch event on Sunday, Nov. 17,* which featured LA Kings stars Anze Kopitar, Trevor Lewis and Kevin Fiala, as well as executives from Mercury Insurance and the LA Kings, who inducted the inaugural members, including Kendal Troutman, founder of Thru Guidance Ministries and 24 Degre
As cooler weather approaches, homeowners are encouraged to take steps to ensure their homes are ready for the changing season LOS ANGELES, Nov. 13, 2024 /PRNewswire/ -- With fall upon us, homeowners may find themselves busy with seasonal chores such as raking leaves and putting away summer furniture. However, it's also a crucial time to prepare your home for the cooler months ahead and reduce potential risks associated with the season. Mercury Insurance (NYSE:MCY) has compiled a list of important home maintenance tips to help homeowners safeguard their property and enjoy a worry-free autumn. "Preparing your home for fall goes beyond simple maintenance. It's about taking preventive measures t
Company prepared to assist policyholders who have suffered home or auto loss, need living expenses reimbursement or to file a claim for covered losses LOS ANGELES, Nov. 8, 2024 /PRNewswire/ -- The recent Santa Ana wind conditions have sparked a wildfire across Camarillo, forcing local authorities to issue mandatory evacuation orders for more than 10,000 residents in that Southern California community. Mercury Insurance is prepared to assist homeowner, renter and auto policyholders who have had to evacuate in response to those orders or whose property has suffered fire damage. "We recognize that the recovery process after a wildfire such as the Mountain Fire can be a difficult and emotional
New Activations Bring the Game Alive for Fans at the Game and at Home LOS ANGELES, Nov. 7, 2024 /PRNewswire/ -- Mercury Insurance (NYSE:MCY) is making sure that no Los Angeles Kings fan is left behind this season, launching a wave of exciting new activations with big fan rewards that include game tickets and even a brand new home jersey. And for the first time, all of this happens for the fans inside Crypto.com Arena AND those watching at home. "For Kings fans, being in Crypto.com Arena can turn into an unforgettable experience, full of emotion and amazing moments shared with family, friends or even the random person sitting next to you," said Erik Thompson, VP & CMO, Mercury Insurance. "We'
Mercury to Launch New Offer to Reward and Include Every Fan LOS ANGELES, Oct. 30, 2024 /PRNewswire/ -- Mercury Insurance (NYSE: MCY) and the Anaheim Ducks are thrilled to announce the revival of their popular Get a Quote/Get 2 Tickets promotion, aimed at giving more fans the chance to see a game at Honda Center this season. Not only could fans save money while enjoying the thrill of live hockey, but the two organizations have also added an exciting new twist to this beloved promotion. Launching in November, the program rewards fans who complete an online Mercury auto insurance quote with two tickets to an upcoming Ducks game. This season, however, Mercury will also donate two additional tick
LOS ANGELES, Oct. 29, 2024 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today for the third quarter of 2024: Consolidated Highlights Three Months Ended September 30, Change Nine Months Ended September 30, Change 2024 2023 $ % 2024 2023 $ % (000's except per-share amounts and ratios) Net premiums earned $ 1,320,652 $ 1,090,311 $ 230,341 21.1 $ 3,723,355 $ 3,129,483 $ 593,872 19.0 Net premiums written (1) $ 1,422,933 $ 1,206,503 $ 216,430 17.9 $ 4,063,377 $ 3,332,049 $ 731,328 21.9 Net realized investment gains (losses), net of tax (2) $ 90,412 $ (71,101) $ 161,513 NM $ 122,873 $ (48,010) $ 170,883 NM Net income (loss) (3) $ 230,856 $ (8,227) $
Top Home and Auto Safety Tips to Keep in Mind Ahead of the Spooky Season LOS ANGELES, Oct. 28, 2024 /PRNewswire/ -- Ghosts, goblins and ghouls will soon be taking to the streets as Halloween festivities commence. Mercury Insurance (NYSE:MCY) wants to help keep you, your loved ones and your property safe to avoid any unnecessary scares that might be lurking. "Halloween is a great time to gather with friends and family, but it can also wreak havoc on your home and property if you aren't prepared," said Bonnie Lee, vice president of property claims at Mercury Insurance. "Homeowners should stay vigilant by taking precautionary measures around their homes and checking their policies to ensure the
LOS ANGELES, Oct. 8, 2024 /PRNewswire/ -- Mercury General Corporation (NYSE:MCY) reported today that after the markets close on Tuesday, October 29, 2024, the Company will issue an earnings press release reporting its results for the third 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 and its subsidiaries are a multiple line insurance organization offering predominantly personal automobile and homeowners insurance through a network of independent producers and direct-to-consumer sales in man
Policyholders can report claims anytime at (800) 503-3724 or via Mercury's automated digital experience LOS ANGELES, Sept. 27, 2024 /PRNewswire/ -- Mercury Insurance is ready to assist policyholders who have been impacted by Hurricane Helene across the Florida Panhandle area. Customers can report damages and losses anytime through Mercury's claims hotline at (800) 503-3724 or digitally by visiting https://www.mercuryinsurance.com/claims/residence-claim.html. "We recognize that the recovery process after a hurricane such as Helene can be a difficult and emotional time. However, the Mercury claims team is here for our Florida customers impacted by the severe weather," says Kevin Quinn, Vice Pr
Policyholders can report claims anytime at (800) 503-3724 or via Mercury's automated digital experience LOS ANGELES, Sept. 27, 2024 /PRNewswire/ -- Mercury Insurance is ready to assist policyholders who have been impacted by Hurricane Helene in Georgia. Customers can report damages and losses anytime through Mercury's claims hotline at (800) 503-3724 or digitally by visiting https://www.mercuryinsurance.com/claims/residence-claim.html. "We recognize that the recovery process after a hurricane such as Helene can be a difficult and emotional time. However, the Mercury claims team is here for our Georgia customers impacted by the severe weather," says Bonnie Lee, Vice President, Property Claims
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Mercury General (NYSE:MCY) reported quarterly Adj earnings of $0.78 per share which beat the analyst consensus estimate of $0.12 by 550 percent. The company reported quarterly sales of $1.274 billion which beat the analyst consensus estimate of $1.236 billion by 3.11 percent. This is a 15.09 percent increase over sales of $1.107 billion the same period last year.
U.S. stock futures were lower this morning, with the Dow futures falling over 150 points on Thursday. Shares of CarMax, Inc. (NYSE:KMX) fell sharply in today’s pre-market trading after the company reported lower-than-expected fourth-quarter earnings. CarMax posted quarterly earnings of 32 cents per share, missing market estimates of 49 cents per share. The company’s quarterly sales came in at $5.63 billion versus expectations of $5.79 billion, according to data from Benzinga Pro. CarMax shares dipped 9.1% to $72.06 in pre-market trading. Here are some big stocks recording losses in today’s pre-market trading session. The Lovesac Company (NASDAQ:LOVE) shares fell 13% to $20.30 in pr
According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Huize Holding (NASDAQ:HUIZ) shares moved upwards by 5.26% to $0.74 during Wednesday's regular session. Huize Holding's stock is trading at a volume of 10.0K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $35.9 million. Fanhua (NASDAQ:FANH) stock moved upwards by 2.07% to $5.4. The current volume of 3.5K shares is 0% of Fanhua's average full-day volume over the last 100 days (last updated at 12:40 EST). The market value of their outstanding shares is at $334.7 million. Tiptre
According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Tian Ruixiang Holdings (NASDAQ:TIRX) shares moved upwards by 33.53% to $0.8 during Monday's regular session. The current volume of 7.7 million shares is 0% of Tian Ruixiang Holdings's average full-day volume over the last 100 days (last updated at 12:40 EST). The company's market cap stands at $2.3 million. Marpai (NASDAQ:MRAI) shares rose 12.19% to $1.38. Trading volume for this security as of 12:40 EST is 174.5K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $11.9 million. Mercury General (NYSE:MCY) stock move
According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Marpai (NASDAQ:MRAI) stock moved upwards by 13.0% to $1.39 during Friday's regular session. Marpai's stock is trading at a volume of 65.3K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $12.6 million. Mercury General (NYSE:MCY) shares increased by 6.49% to $49.18. Trading volume for Mercury General's stock is 194.2K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $2.5 billion. As per the news, the Q4 earnings report came o
According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Cheche Group (NASDAQ:CCG) stock increased by 17.89% to $5.6 during Thursday's regular session. As of 12:40 EST, Cheche Group's stock is trading at a volume of 523.0K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $359.0 million. Mercury General (NYSE:MCY) stock moved upwards by 8.45% to $46.48. Trading volume for Mercury General's stock is 239.2K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $2.3 billion. As per the news, the
According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Cheche Group (NASDAQ:CCG) stock increased by 107.54% to $6.6 during Wednesday's regular session. Trading volume for Cheche Group's stock is 7.2 million as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $513.7 million. Root (NASDAQ:ROOT) stock moved upwards by 9.04% to $8.8. As of 12:40 EST, this security is trading at a volume of 60.6K shares, making up 0% of its average full-day volume over the last 100 days. The company's market cap stands at $117.9 million. Mercury General (NYSE:MC
U.S. stocks were higher, with the Dow Jones index gaining more than 100 points on Wednesday. Shares of Charles River Laboratories International, Inc. (NYSE:CRL) rose sharply during Wednesday’s session after the company reported better-than-expected fourth-quarter results and issued guidance above estimates. Charles River posted adjusted earnings of $2.46 per share, beating market estimates of $2.40 per share. The company’s quarterly sales came in at $1.01 billion versus expectations of $991.25 million. Charles River Laboratories International, Inc. (NYSE:CRL) rose 7.2% to $236.00 on Wednesday. Here are some other big stocks recording gains in today’s session. Lyft, Inc. (NASDAQ:LYFT)
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LOS ANGELES, Oct. 29, 2024 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today for the third quarter of 2024: Consolidated Highlights Three Months Ended September 30, Change Nine Months Ended September 30, Change 2024 2023 $ % 2024 2023 $ % (000's except per-share amounts and ratios) Net premiums earned $ 1,320,652 $ 1,090,311 $ 230,341 21.1 $ 3,723,355 $ 3,129,483 $ 593,872 19.0 Net premiums written (1) $ 1,422,933 $ 1,206,503 $ 216,430 17.9 $ 4,063,377 $ 3,332,049 $ 731,328 21.9 Net realized investment gains (losses), net of tax (2) $ 90,412 $ (71,101) $ 161,513 NM $ 122,873 $ (48,010) $ 170,883 NM Net income (loss) (3) $ 230,856 $ (8,227) $
LOS ANGELES, Oct. 8, 2024 /PRNewswire/ -- Mercury General Corporation (NYSE:MCY) reported today that after the markets close on Tuesday, October 29, 2024, the Company will issue an earnings press release reporting its results for the third 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 and its subsidiaries are a multiple line insurance organization offering predominantly personal automobile and homeowners insurance through a network of independent producers and direct-to-consumer sales in man
LOS ANGELES, July 30, 2024 /PRNewswire/ -- Mercury General Corporation (NYSE:MCY) reported today for the second quarter of 2024: Consolidated Highlights Three Months Ended June 30, Change Six Months Ended June 30, Change 2024 2023 $ % 2024 2023 $ % (000's except per-share amounts and ratios) Net premiums earned $ 1,236,024 $ 1,034,469 $ 201,555 19.5 $ 2,402,703 $ 2,039,173 $ 363,530 17.8 Net premiums written (1) $ 1,355,460 $ 1,115,345 $ 240,115 21.5 $ 2,640,444 $ 2,125,546 $ 514,898 24.2 Net realized investment gains (losses), net of tax (2) $ 2,290 $ (15,625) $ 17,915 NM $ 32,461 $ 23,091 $ 9,370 40.6 Net income (loss) $ 62,568 $ (41,543) $ 104,111
LOS ANGELES, July 9, 2024 /PRNewswire/ -- Mercury General Corporation (NYSE:MCY) reported today that after the markets close on Tuesday, July 30, 2024, the Company will issue an earnings press release reporting its results for the second 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 and its subsidiaries are a multiple line insurance organization offering predominantly personal automobile and homeowners insurance through a network of independent producers and direct-to-consumer sales in many
LOS ANGELES, April 30, 2024 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today for the first quarter of 2024: Consolidated Highlights Three Months Ended March 31, Change 2024 2023 $ % (000's except per-share amounts and ratios) Net premiums earned $ 1,166,679 $ 1,004,704 $ 161,975 16.1 Net premiums written (1) $ 1,284,984 $ 1,010,202 $ 274,782 27.2 Net realized investment gains, net of tax (2) $ 30,172 $ 38,716 $ (8,544) (22.1) Net income (loss) $ 73,462 $ (45,288) $ 118,750 NM Net income (loss) per diluted share $ 1.33 $ (0.82) $ 2.15 NM Operating income (loss) (1)
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 and its subsidiaries are a multiple line insurance organization offering predominantly personal automobile and homeowners insurance through a network of independent producers and direct-to-consumer sales in ma
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 inco
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 and its subsidiaries are a multiple line insurance organization offering predominantly personal automobile and homeowners insurance through a network of independent producers and direct-to-consumer sales in many
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 and its subsidiaries are a multiple line insurance organization offering predominantly personal automobile and homeowners insurance through a network of independent producers and direct-to-consumer sales in ma
LOS ANGELES, Aug. 1, 2023 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today for the second quarter of 2023: Consolidated Highlights Three Months Ended June 30, Change Six Months Ended June 30, Change 2023 2022 $ % 2023 2022 $ % (000's except per-share amounts and ratios) Net premiums earned $ 1,034,469 $ 987,512 $ 46,957 4.8 $ 2,039,173 $ 1,950,062 $ 89,111 4.6 Net premiums written (1) $ 1,115,345 $ 1,016,994 $ 98,351 9.7 $ 2,125,546 $ 2,027,791 $ 97,755 4.8 Net realized investment (losses) gains, net of tax (2) $ (15,625) $ (191,131) $ 175,506 NM $ 23,091 $ (345,249) $ 368,340 NM Net loss $ (41,543) $ (210,681) $ 169,13