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 |
|---|---|---|---|
| 2/12/2025 | $70.00 → $80.00 | Outperform → Strong Buy | Raymond James |
| 7/7/2023 | $40.00 → $33.00 | Strong Buy → Outperform | Raymond James |
| 11/4/2022 | $45.00 | Underperform → Strong Buy | Raymond James |
Insurance Provider Offers Guidance to Help Homeowners Avoid Costly Repairs During Hail Season LOS ANGELES, July 17, 2025 /PRNewswire/ -- Mercury Insurance is helping homeowners prepare for hail season with simple, proactive tips to protect their homes and avoid costly repairs. As hailstorms grow more costly in many parts of the country, taking a few preventative steps can make a big difference in safeguarding your property and finances. "Many homeowners don't realize how vulnerable their property can be until after a storm hits," said Steve Bennett, Sr. Director, Climate and Catastrophe Science. "Our goal is to empower Mercury policyholders with practical knowledge so they can take action be
Holding on to Common Misconceptions Can Affect Your Rates LOS ANGELES, July 15, 2025 /PRNewswire/ -- There are a slew of common misconceptions surrounding auto insurance that permeate online and via word of mouth. In order to make informed decisions about auto insurance, it's important for consumers to dig a little deeper and refrain from taking these claims at face value. "There's a lot of misinformation out there when it comes to auto insurance," said Justin Yoshizawa, Director Product Management State for Mercury Insurance. "We want to help consumers separate fact from fiction so they can make smart, informed decisions when shopping for coverage." Myth #1: Color determines the price of a
LOS ANGELES, July 8, 2025 /PRNewswire/ -- Mercury General Corporation (NYSE:MCY) reported today that after the markets close on Tuesday, July 29, 2025, the Company will issue an earnings press release reporting its results for the second quarter of 2025, 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
Simple Steps to Minimize Damage and Stay Safe During Hurricane Season LOS ANGELES, July 8, 2025 /PRNewswire/ -- Hurricane season brings with it a mix of unpredictability and urgency — and while you can't stop a storm, you can absolutely prepare for one. Mercury Insurance is sharing practical, proactive steps homeowners can take to protect their property and loved ones before a hurricane makes landfall. With decades of experience helping policyholders recover from major storms, Mercury understands that preparation is the key to prevention. From safeguarding your home, to understanding your insurance policy, taking action early can make all the difference when the winds pick up. "When it come
COMPANY RECOGNIZED FOR EXCEPTIONAL WORKPLACE CULTURE,FLEXIBILITY, AND SUPPORT FOR WORKING FAMILIES LOS ANGELES, July 3, 2025 /PRNewswire/ -- Mercury Insurance has been named to Newsweek's 2025 lists of America's Greatest Workplaces for Parents & Families and America's Greatest Workplaces in Financial Services, earning national recognition for its commitment to employee well-being, flexibility, and workplace excellence. The awards, presented by Newsweek and Plant-A Insights Group, are based on a large-scale independent survey of over 250,000 U.S. employees. Companies were evaluated across criteria, such as compensation, benefits, work-life balance, career development, and support for family l
Simple steps to protect your home, family, and guests during Independence Day gatherings LOS ANGELES, July 2, 2025 /PRNewswire/ -- Independence Day is one of the most anticipated holidays of the year—bringing people together for backyard barbecues, fireworks displays, and other time-honored traditions. But with celebration comes responsibility. July 4th is also one of the leading days for home fires and injury-related emergency room visits across the country. That's why Mercury Insurance is encouraging families to take a proactive approach to safety this summer by following expert-recommended tips to reduce fire risks, prevent injuries, and protect their homes and loved ones. "July 4th shoul
Practical Tips Every Homeowner and Driver Can Use to Beat the Heat and Avoid Costly Damage LOS ANGELES, June 26, 2025 /PRNewswire/ -- As temperatures rise across the country, intense summer heat waves can cause serious damage to both homes and vehicles — not to mention strain energy systems and budgets. Mercury Insurance is sharing essential guidance to help homeowners and drivers stay safe, reduce costs and protect what matters most during extreme heat. With decades of experience insuring homes and vehicles in some of the hottest states, Mercury is committed to helping customers stay prepared and comfortable, no matter how high the thermometer climbs. "Extreme heat can catch people off guar
Floods, Earthquakes and Detached Structures Require Additional Coverage LOS ANGELES, June 25, 2025 /PRNewswire/ -- While it's important to know what events are covered in your homeowners insurance policy, it's equally important to know what events are not covered. One of the biggest misunderstandings many policyholders have is the belief that, if their home is damaged or destroyed, their homeowners insurance policy will cover the cost of everything. Understanding what your policy does — and does not — cover in advance of a peril can allow you to take the precautionary steps so you're not caught off guard following a home disaster. "Homeowners insurance generally provides coverage for damage
Parents Can Help Save Lives During Dangerous Period Between Memorial Day and Labor Day LOS ANGELES, June 19, 2025 /PRNewswire/ -- The period between Memorial Day and Labor Day is packed with summer festivities and outings, but it also holds the ominous distinction of being the "100 deadliest days of summer." That's because during this time, American teens are 20% more likely to be involved in a fatal car collision, according to the National Road Safety Foundation. The good news is that there are a number of ways we can collectively make our roads safer during the bustling summer season — and parents of young drivers play a key role. "It's important that parents talk with their teens about t
Precautions Range from Checking Tire Pressure to Packing an Emergency Kit LOS ANGELES, June 17, 2025 /PRNewswire/ -- According to a recent survey from GasBuddy, 69% of Americans plan to take a road trip this summer, and of those, 40% say they expect to be on the road for more than five hours. If you're among the millions with travel plans, Mercury Insurance wants to help ensure that your vehicle is up for the task. "Road tripping has long been a summer tradition for many families, but it's important to take a few precautions before heading out," said Kevin Quinn, Vice President of Auto Claims for Mercury Insurance. "Ensure that your vehicle is up to date on maintenance, and that all lights a
Raymond James upgraded Mercury General from Outperform to Strong Buy and set a new price target of $80.00 from $70.00 previously
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
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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
LOS ANGELES, July 8, 2025 /PRNewswire/ -- Mercury General Corporation (NYSE:MCY) reported today that after the markets close on Tuesday, July 29, 2025, the Company will issue an earnings press release reporting its results for the second quarter of 2025, 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, May 6, 2025 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today for the first quarter of 2025: Consolidated Highlights Three Months Ended March 31, Change 2025 2024 $ % (000's except per-share amounts and ratios) Net premiums earned (2) $ 1,283,069 $ 1,166,679 $ 116,390 10.0 Net premiums written (1) (2) $ 1,314,380 $ 1,284,984 $ 29,396 2.3 Net realized investment gains, net of tax (3) $ 18,424 $ 30,172 $ (11,748) (38.9) Net (loss) income $ (108,327) $ 73,462 $ (181,789) (247.5) Net (loss) income per diluted share $ (1.96) $ 1.33 $ (3.29) (247.4) Operating (loss) i
LOS ANGELES, April 14, 2025 /PRNewswire/ -- Mercury General Corporation (NYSE:MCY) reported today that after the markets close on Tuesday, May 6, 2025, the Company will issue an earnings press release reporting its results for the first quarter of 2025, 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, 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)
(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
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
LOS ANGELES, Jan. 22, 2025 /PRNewswire/ -- Mercury General Corporation (NYSE:MCY) reported today that after the markets close on Tuesday, February 11, 2025, the Company will issue an earnings press release reporting its results for the fourth quarter of 2024, 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. 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