Mercury General Q1 2024 Adj EPS $0.78 Beats $0.12 Estimate, Sales $1.274B Beat $1.236B Estimate

4/30/24 4:08:43 PM ET

Property-Casualty Insurers

Finance

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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.

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Recent Analyst Ratings for
$MCY

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

More analyst ratings

$MCY
Leadership Updates

Live Leadership Updates

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
2/8/24 12:00:00 PM ET
$MCY
Property-Casualty Insurers
Finance
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
3/6/23 1:15:00 PM ET
$MCY
Property-Casualty Insurers
Finance
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
3/6/23 1:15:00 PM ET
$MCY
Property-Casualty Insurers
Finance

Mercury Insurance and Los Angeles Kings Unveil Hockeywood Wall of Fame to Honor Community Heroes
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
11/19/24 12:00:00 PM ET
$MCY
Property-Casualty Insurers
Finance
Mercury Insurance Shares Essential Tips for Preparing Your Home for Fall
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
11/13/24 2:00:00 PM ET
$MCY
Property-Casualty Insurers
Finance
Mercury Insurance is Ready to Help Victims of the Mountain Fire in California
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
11/8/24 2:00:00 PM ET
$MCY
Property-Casualty Insurers
Finance

Mercury General Corporation Announces Third Quarter Results and Declares Quarterly Dividend
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) $
10/29/24 4:05:00 PM ET
$MCY
Property-Casualty Insurers
Finance
MERCURY GENERAL CORPORATION TO REPORT THIRD QUARTER RESULTS ON OCTOBER 29, 2024
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
10/8/24 12:45:00 PM ET
$MCY
Property-Casualty Insurers
Finance
Mercury General Corporation Announces Second Quarter Results and Declares Quarterly Dividend
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
7/30/24 4:05:00 PM ET
$MCY
Property-Casualty Insurers
Finance

Mercury General Q1 2024 Adj EPS $0.78 Beats $0.12 Estimate, Sales $1.274B Beat $1.236B Estimate

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Recent Analyst Ratings for
$MCY

$MCY
Leadership Updates

Live Leadership Updates

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

Mercury Insurance Hires Chief Technology Officer to Drive Digital Strategy

Mercury Insurance Creates Chief Technology Officer Role to Drive Digital Strategy

$MCY
Press Releases

Fastest customizable press release news feed in the world

$MCY
SEC Filings

$MCY
Financials

Live finance-specific insights

$MCY
Large Ownership Changes

This live feed shows all institutional transactions in real time.

Mercury Insurance and Los Angeles Kings Unveil Hockeywood Wall of Fame to Honor Community Heroes

Mercury Insurance Shares Essential Tips for Preparing Your Home for Fall

Mercury Insurance is Ready to Help Victims of the Mountain Fire in California

SEC Form 10-Q filed by Mercury General Corporation

Mercury General Corporation filed SEC Form 8-K: Results of Operations and Financial Condition

SEC Form 10-Q filed by Mercury General Corporation

Mercury General Corporation Announces Third Quarter Results and Declares Quarterly Dividend

MERCURY GENERAL CORPORATION TO REPORT THIRD QUARTER RESULTS ON OCTOBER 29, 2024

Mercury General Corporation Announces Second Quarter Results and Declares Quarterly Dividend

SEC Form SC 13G/A filed by Mercury General Corporation (Amendment)

$MCY
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

VP/Chief Human Capital Officer Sullivan Heidi C. exercised 5,000 shares at a strike of $43.01 (SEC Form 4)

SEC Form 3 filed by new insider Zhang Ximeng Simon

SEC Form 4 filed by Little Joshua Eric (Amendment)

$MCY
Market Insights

Live Market Insights

Mercury General shares are trading higher after the company reported better-than-expected Q1 financial results.

Mercury General Q1 2024 Adj EPS $0.78 Beats $0.12 Estimate, Sales $1.274B Beat $1.236B Estimate

CarMax Reports Downbeat Earnings, Joins Lovesac And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

$MCY
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Mercury General downgraded by Raymond James with a new price target

Mercury General upgraded by Raymond James with a new price target

Raymond James resumed coverage on Mercury General

Mercury General Q1 2024 Adj EPS $0.78 Beats $0.12 Estimate, Sales $1.274B Beat $1.236B Estimate

Chat with this insight

Recent Analyst Ratings for $MCY

$MCY Leadership Updates

Live Leadership Updates

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

Mercury Insurance Hires Chief Technology Officer to Drive Digital Strategy

Mercury Insurance Creates Chief Technology Officer Role to Drive Digital Strategy

$MCY Press Releases

Fastest customizable press release news feed in the world

$MCY SEC Filings

$MCY Financials

Live finance-specific insights

$MCY Large Ownership Changes

This live feed shows all institutional transactions in real time.

Mercury Insurance and Los Angeles Kings Unveil Hockeywood Wall of Fame to Honor Community Heroes

Mercury Insurance Shares Essential Tips for Preparing Your Home for Fall

Mercury Insurance is Ready to Help Victims of the Mountain Fire in California

SEC Form 10-Q filed by Mercury General Corporation

Mercury General Corporation filed SEC Form 8-K: Results of Operations and Financial Condition

SEC Form 10-Q filed by Mercury General Corporation

Mercury General Corporation Announces Third Quarter Results and Declares Quarterly Dividend

MERCURY GENERAL CORPORATION TO REPORT THIRD QUARTER RESULTS ON OCTOBER 29, 2024

Mercury General Corporation Announces Second Quarter Results and Declares Quarterly Dividend

SEC Form SC 13G/A filed by Mercury General Corporation (Amendment)

$MCY Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

VP/Chief Human Capital Officer Sullivan Heidi C. exercised 5,000 shares at a strike of $43.01 (SEC Form 4)

SEC Form 3 filed by new insider Zhang Ximeng Simon

SEC Form 4 filed by Little Joshua Eric (Amendment)

$MCY Market Insights

Live Market Insights

Mercury General shares are trading higher after the company reported better-than-expected Q1 financial results.

Mercury General Q1 2024 Adj EPS $0.78 Beats $0.12 Estimate, Sales $1.274B Beat $1.236B Estimate

CarMax Reports Downbeat Earnings, Joins Lovesac And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

$MCY Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Mercury General downgraded by Raymond James with a new price target

Mercury General upgraded by Raymond James with a new price target

Raymond James resumed coverage on Mercury General

Recent Analyst Ratings for
$MCY

$MCY
Leadership Updates

$MCY
Press Releases

$MCY
SEC Filings

$MCY
Financials

$MCY
Large Ownership Changes

$MCY
Insider Trading

$MCY
Market Insights

$MCY
Analyst Ratings