Bodily Injury Costs Increase in Georgia, According to Mercury Insurance

$MCY
Property-Casualty Insurers
Finance
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Recent Analyst Ratings for
$MCY

DatePrice TargetRatingAnalyst
2/12/2025$70.00 → $80.00Outperform → Strong Buy
Raymond James
7/7/2023$40.00 → $33.00Strong Buy → Outperform
Raymond James
11/4/2022$45.00Underperform → Strong Buy
Raymond James
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$MCY
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  • Mercury Insurance Offers Homeowners Recommendations on Tax Deductions That Could Save You Thousands

    Make a Checklist to Review with Your Tax Preparer LOS ANGELES, April 3, 2025 /PRNewswire/ -- One of the most difficult parts of preparing your taxes is gathering all of the paperwork. If you own your home, that task is multiplied and even more important; one overlooked deduction can cost you thousands. With April 15 just around the corner, Mercury Insurance is providing a checklist so you are prepared when you sit down to do taxes or review with your CPA. Most of us are accustomed to deducting our mortgage insurance, but with more people now working from home, it becomes even more important to make sure you are including all aspects related to that space. That might include everything from i

    $MCY
    Property-Casualty Insurers
    Finance
  • Bodily Injury Costs Increase in Georgia, According to Mercury Insurance

    Mercury's New Umbrella Insurance Better Protects Georgians' Personal Wealth Against Bodily Injury Claims LOS ANGELES, March 31, 2025 /PRNewswire/ -- Multi-vehicle crashes, dog bites or a delivery person being injured on your property are some of the unexpected events that are putting Georgians' 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).  The recent trend of rising liability injury claims for home and auto owners that exceed traditional policy limits has moved Mercury to unveil an all-new personal umbrel

    $MCY
    Property-Casualty Insurers
    Finance
  • Mercury Insurance Explains How Uninsured Drivers Affect Insurance Costs and How You Can Protect Yourself

    14% of U.S. Drivers Do Not Have Auto Insurance LOS ANGELES, March 27, 2025 /PRNewswire/ -- A greater number of Americans are getting behind the wheel without auto insurance, raising costs for all drivers across the country. From 2019 to 2022, the percentage of uninsured motorists grew from 11% to 14% according to the Insurance Research Council, which translates to approximately 1 in 7 drivers in the U.S.  According to Bankrate, the average cost of full coverage car insurance is roughly $205 per month as of November 2024.  The increasing frequency of uninsured drivers strains insurance companies financially. When insurers are forced to cover the costs of accidents caused by these drivers, exp

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    Property-Casualty Insurers
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$MCY
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  • Mercury Insurance Invests in a New Vision of Data Science with the Appointment of Chief Data Analytics Officer

    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

    $MCY
    Property-Casualty Insurers
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  • Mercury Insurance Hires Chief Technology Officer to Drive Digital Strategy

    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

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    Property-Casualty Insurers
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  • Mercury Insurance Creates Chief Technology Officer Role to Drive Digital Strategy

    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

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    Property-Casualty Insurers
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  • Mercury General Corporation Announces Fourth Quarter and Fiscal 2024 Results and Declares Quarterly Dividend

    LOS ANGELES, Feb. 11, 2025 /PRNewswire/ -- Mercury General Corporation (NYSE:MCY) reported today the fourth quarter and fiscal 2024 results: Consolidated Highlights Three Months Ended December 31, Change Twelve Months Ended December 31, Change 2024 2023 $ % 2024 2023 $ % (000's except per-share amounts and ratios) Net premiums earned $  1,352,101 $  1,144,895 $   207,206 18.1 % $  5,075,456 $  4,274,378 $  801,078 18.7 % Net premiums written (1) $  1,314,933 $  1,132,150 $   182,783 16.1 % $  5,378,310 $  4,464,199 $  914,111 20.5 % Net realized investment (losses) gains, net of tax (2) $      (52,823) $     127,810 $  (180,633) (141.3) % $       70,050 $       79,801 $     (9,751) (12.2) 

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  • MERCURY GENERAL CORPORATION TO DISCUSS FOURTH QUARTER 2024 RESULTS AND THE RECENT SOUTHERN CALIFORNIA WILDFIRES ON FEBRUARY 12, 2025

    (Follow-Up to January 24th Press Release with Access Information) LOS ANGELES, Feb. 5, 2025 /PRNewswire/ -- Mercury General Corporation (NYSE:MCY) will host an investor conference call and webcast on February 12, 2025 at 9:00 A.M. Pacific Time (12:00 P.M. Eastern Time) to review its results of operations for the fourth quarter and twelve-month periods ended December 31, 2024.  The Company will also provide information about the recent Southern California Wildfires and its reinsurance program. All interested investors will be able to access the conference call at 1-646-357-8785 (USA/International) or the webcast at https://mcy.co/investor.  A replay of the call will be available shortly after

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  • MERCURY GENERAL CORPORATION TO DISCUSS FOURTH QUARTER 2024 RESULTS AND THE RECENT SOUTHERN CALIFORNIA WILDFIRES ON FEBRUARY 12, 2025

    LOS ANGELES, Jan. 24, 2025 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) will host an investor conference call and webcast on February 12, 2025, at 9:00 A.M. Pacific Time (12:00 P.M. Eastern Time) to review its results of operations for the fourth quarter and twelve-month periods ended December 31, 2024.  The Company will also provide information about the recent Southern California Wildfires and its reinsurance program. All interested investors will be able to access the conference call and the webcast with presentation slides at a number and website location that will be provided in a separate press release to be issued days before the conference call and webcast date.  A replay

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    Property-Casualty Insurers
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