Company Stands With Californians as They Begin Their Rebuilding Efforts LOS ANGELES, Jan. 17, 2025 /PRNewswire/ -- Mercury Insurance is providing comprehensive support to its customers impacted by the ongoing Los Angeles area wildfires. The company is prioritizing the timely handling of claims, providing immediate financial support, and helping insureds through the claims process. Immediate Payments: The company has already begun disbursing additional living expenses and claims payment advances to those affected by the fires.24/7 Access to Claims Filing: Customers can easily file a claim through the online portal anytime, day or night. For those needing additional support, the claims hotline

LOS ANGELES, Jan. 10, 2025 /PRNewswire/ -- Mercury General Corporation (the "Company," "Mercury" or "We") announced today its preliminary assessment of the impact of the recent wildfires in Southern California. An extreme wind-driven wildfire event that began on January 7, 2025 has caused widespread damage across parts of Southern California. The wildfires continue to burn, and it will be some time before the Company has an estimate of the total losses caused by this event. Based on information available to date, we expect the losses to exceed our reinsurance retention level of $150 million. The Company's reinsurance program provides $1,290 million of limits on a per occurrence basis after c

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, Jan. 8, 2025 /PRNewswire/ -- The recent Santa Ana wind conditions have sparked wildfires across Southern California, forcing local authorities to issue mandatory evacuation orders for tens of thousands of residents across the region. 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. Affected areas include the Palisades Fire - Pacific Palisades; Eaton Fire - Alta Dena; the Hurst Fire – Sylmar; and the Wo

Innovative City Planning and State Officials' Leadership Pave the Way for Mercury Insurance to Begin Offering Homeowners Coverage to Paradise Residents in the Wake of Catastrophic Wildfire PARADISE, Calif., Jan. 7, 2025 /PRNewswire/ -- Mercury Insurance (NYSE:MCY), a leading provider of property and casualty insurance, announced today that the company will begin writing new homeowners insurance policies in the town of Paradise, CA. Mercury is the first major insurance company to begin offering policies to Paradise homeowners since the town was engulfed by the "Camp Fire" in November 2018. The move was made possible by California Department of Insurance Commissioner Ricardo Lara's commitment

Mercury Insurance and Ducks Launch Pro Tip Trivia Game to Provide Fans with Helpful Life Pro Tips; Winners Will Receive Ducks Jerseys  LOS ANGELES, Dec. 18, 2024 /PRNewswire/ -- How often should you reapply your sunblock? Every five hours, two hours or 30 minutes? If you know the answer, you have what it takes to be a winner in Mercury Insurance Pro Tip Trivia! This season, Mercury (NYSE:MCY) and the Anaheim Ducks are teaming up to elevate fan engagement with a new, interactive trivia game that promises to reward fans at the Honda Center and beyond. Pro Tip Trivia, which debut

Mercury's New Umbrella Insurance Better Protects Arizonans' Personal Wealth Against Bodily Injury Claims LOS ANGELES, Dec. 16, 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 Arizonans' 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 umbrell

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'

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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

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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

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