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 |
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SC 13G/A - MERCURY GENERAL CORP (0000064996) (Subject)
Tips to Help Families Stay Safe and Ready During Wildfire Awareness Month LOS ANGELES, May 9, 2025 /PRNewswire/ -- In recognition of Wildfire Awareness Month, Mercury Insurance is sharing timely, practical guidance to help families prepare for potential evacuations. From building a go-bag to making a communication plan, these simple steps can help you act swiftly and decisively in the face of danger. "Preparing for a wildfire evacuation involves several critical actions, and starting early is one of the best ways homeowners can protect their families and communities," said Kelly Butler, Vice President and Chief Underwriting Officer at Mercury Insurance. "Simple steps taken now can make all
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
Earth Month is the Perfect Time to Start Living Sustainably LOS ANGELES, April 30, 2025 /PRNewswire/ -- Reducing your carbon footprint and creating an environmentally friendly living space starts at home — literally. From building materials and appliances to water filtration systems, there are a number of ways you can upgrade your home and make a positive impact on the environment, your health and your wallet. A healthier home starts with evaluating what requires routine maintenance and what products can be replaced with eco-friendly alternatives. "Living sustainably means making everyday choices — like conserving energy, reducing waste and choosing eco-friendly products — that protect resou
A guide to budgeting, researching and choosing a vehicle that fits your life and wallet LOS ANGELES, April 28, 2025 /PRNewswire/ -- Shopping for a new or used vehicle requires a great deal of research encompassing many different considerations. Due to a number of factors — and according to PBS — the average length of car ownership has accelerated to almost 13 years, making your search for a new ride a rare and important "life experience." To assist consumers who are in the market for a new vehicle, Mercury Insurance is offering some guidance to help choose a vehicle that best fits their needs and budget. One of the first things to consider is the category of vehicle you need, the powertrain
Safe Driving May Also Offer Savings on Auto Insurance LOS ANGELES, April 25, 2025 /PRNewswire/ -- Each year, 1.19 million people are killed on roadways around the world, according to the U.S. Centers for Disease Control and Prevention. Traffic collisions are the leading cause of death for individuals ages five to 29. In a world inundated with technology and devices, distracted driving in particular is claiming thousands of lives. Many auto accidents could be avoided simply by following the rules of the road and engaging in safe driving behaviors. To that end, Mercury Insurance
Recognition Highlights Mercury's Commitment to Team Members Growth and Company Culture LOS ANGELES, April 16, 2025 /PRNewswire/ -- Mercury Insurance has been awarded a spot on the Forbes list of America's Best Midsized Employers for 2025. This prestigious recognition is made in collaboration with Forbes and Statista, the world-leading statistics portal and industry ranking provider. Forbes and Statista selected America's Best Midsized Employers 2025 through an independent survey from a vast sample of over 217,000 U.S. team members working for companies employing at least 1,000 people within the U.S. More than 6.5 million employer evaluations were considered. The final score is based on two t
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
Planning Out Charges and Reviewing Your Auto Insurance Policy are Essential LOS ANGELES, April 9, 2025 /PRNewswire/ -- Although the adoption of electric vehicles (EVs) has slowed among consumers, millions of EVs are still being sold nationwide, many to first-time owners. As summer quickly approaches and road trip plans take shape, those traveling in an EV will need to do some extra preparation to ensure a smooth journey. "It cannot be understated that to successfully travel in an EV, you must plan out your trip," said Steve Ward, Director, Strategic Planning and ERM at Mercury Insurance. "Mapping out stops around EV charging stations and taking the time to make sure your car is prepared by c
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
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
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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
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, 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
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
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8-K - MERCURY GENERAL CORP (0000064996) (Filer)
8-K - MERCURY GENERAL CORP (0000064996) (Filer)