Mercury General

Mercury General Corp. operates as a broker and agency writer of automobile insurance. The firm engages in writing personal automobile insurance and provides related property and casualty insurance products to its customers. Its insurance products include private passenger automobile and related insurance products such as homeowners, commercial automobile and commercial property. The company was founded by George Joseph in 1961 and is headquartered in Los Angeles, CA.

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Mercury General Corp. operates as a broker and agency writer of automobile insurance. The firm engages in writing personal automobile insurance and provides related property and casualty insurance products to its customers. Its insurance products include private passenger automobiles and related insurance products such as homeowners, commercial automobile, and commercial property. The company was founded by George Joseph in 1961 and is headquartered in Los Angeles, CA.

Mercury is one of only 78 insurance companies out of more than 3,300 across the United States to earn the highly coveted designation LOS ANGELES , Oct. 6, 2022 /PRNewswire/ -- Mercury Insurance (NYSE: MCY) has been recognized as one of America's Best Insurance Companies of 2023 for Homeowners and Renters Insurance by Forbes. Forbes partnered with market research group Statista to survey customers of more than 3,300 U.S. insurance companies to create the rankings.

Forbes Recognizes Mercury Insurance as One of the 'Best Insurance Companies in America' for 2023

LOS ANGELES , Oct. 4, 2022 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today that after the markets close on Tuesday, November 1, 2022, the Company will issue an earnings press release reporting its results for the third quarter of 2022, 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 TO REPORT THIRD QUARTER RESULTS ON NOVEMBER 1, 2022

Policyholders can report claims anytime online through Mercury's automated digital experience or through the claims hotline at 800-503-3724 LOS ANGELES , Sept. 29, 2022 /PRNewswire/ -- Mercury Insurance is ready to assist Floridians who have been impacted by Hurricane Ian with their auto claims.

Mercury Insurance Is Ready To Assist Policyholders Impacted by Hurricane Ian

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Jewel, Third Eye Blind, Styx and more share memorable moments about their first cars; Cover Song Challenge gives fans a chance to win concert tickets LOS ANGELES , Sept. 1, 2022 /PRNewswire/ -- Concert season is back and Mercury Insurance (NYSE: MCY) and Live Nation have partnered once again to connect music fans with the artists they love through Mercury's "My First Car" series, a personal look at some of the world's best known musicians and the fond memories behind the wheel of their first car.

Mercury Insurance Concert Series Announces 2022 'My First Ride' Artists

Mercury Insurance 'My First Car' takes an intimate look at music artists' first rides Thorogood will be part of Sammy Hagar & The Circle's "Crazy Times Tour" at  FivePoint Amphitheatre in Irvine, CA LOS ANGELES , Sept. 1, 2022 /PRNewswire/ -- Mercury Insurance (NYSE: MCY) and Live Nation have partnered again to connect music fans with the artists they love through the creation of Mercury's "My First Car" series, a behind-the-scenes look with some of the world's best known musicians and their fond memories behind the wheel of their first cars.

George Thorogood Shares First Car Memories

Mercury Insurance's 'My First Car' takes an intimate look at music artists' first rides Third Eye Blind Headlines Show at the FivePoint Amphitheatre in Irvine, CA Saturday (8/13) LOS ANGELES , Aug. 5, 2022 /PRNewswire/ -- Mercury Insurance (NYSE: MCY) and Live Nation have partnered up again to help connect music fans with the artists they love through the creation of Mercury's "My First Car" series, which provides an inside look at artists' fond memories and firsts behind the wheel. "There are some common experiences in life that can bridge the personal connection between artists and fans and one of them is owning your first car," said Erik Thompson, Vice President and Chief Marketing Officer at Mercury Insurance.

Members of Third Eye Blind Share First Car Memories

Mercury insurance protects policyholders and keeps rates low by being one step ahead of fraudsters LOS ANGELES , July 22, 2022 /PRNewswire/ -- Fraudulent crimes against insurance companies may seem victimless, as the ones being scammed are large organizations with seemingly a lot of money behind them. However, it really is the public that is being taken advantage of in these situations.

How Mercury Insurance's Special Investigations Unit Spot Fraudulent Claims

LOS ANGELES , July 20, 2022 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today that after the markets close on Tuesday, August 2, 2022, the Company will issue an earnings press release reporting its results for the second quarter of 2022, 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 TO REPORT SECOND QUARTER RESULTS ON AUGUST 2, 2022

Mercury Insurance's 'My First Car' takes an intimate look at music artists' first rides Train Headlines Show at the FivePoint Amphitheatre in Irvine, CA Friday (7/29) LOS ANGELES , July 20, 2022 /PRNewswire/ -- Mercury Insurance (NYSE: MCY) and Live Nation have partnered up again to help connect music fans with the artists they love through the creation of Mercury's "My First Car" series, which provides an inside look at artists' fond memories and firsts behind the wheel. "Most fans dream of learning more about their favorite artists," said Erik Thompson, Vice President and Chief Marketing Officer at Mercury Insurance.

Members of Train Share First Car Memories

Mercury Insurance's 'My First Car' takes an intimate look at music artists' first rides Jewel is part of the AM GOLD TOUR coming to FivePoint Amphitheatre in Irvine, Calif. on July 29th LOS ANGELES , July 20, 2022 /PRNewswire/ -- Mercury Insurance (NYSE: MCY) and Live Nation have partnered again to connect music fans with the artists they love through Mercury's "My First Car" series, an intimate look at some of the best known musical artists and their first memories behind the wheel.

Jewel Shares Her First Car Memories

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Mercury has uncovered a growing trend in criminals falsifying homeowners insurance fire claims. LOS ANGELES , July 15, 2022 /PRNewswire/ -- Mercury Insurance Special Investigations Unit (SIU), the CSI of insurance, has uncovered a large number of fraudulent claims were reported for smoke and ash damage by the same public adjuster—a red flag that illegal claims were being filed.

Fraudulent Smoke and Ash Homeowners Claims Spread with Wildfires, According to Mercury Insurance

Mercury's usage-based insurance app could save customers up to 40% on auto insurance and comes with a virtual driving coach LOS ANGELES , July 8, 2022 /PRNewswire/ -- Today, Mercury Insurance announced that the company has made its usage-based insurance app, MercuryGO, available to drivers in Virginia to help improve driving skills and traffic safety. The app acts as a virtual driving coach, providing skill scores that give real-time feedback about driving behavior.

Mercury Insurance Launches MercuryGO for Virginia Drivers

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Mercury's new web-based application enables policyholders to digitally submit a claim through an easy-to-use portal on their devices LOS ANGELES , June 8, 2022 /PRNewswire/ -- Mercury Insurance (NYSE: MCY) has just announced a new web-based application to help policyholders file a claim digitally immediately following an accident with ease and security. Through a series of recognizable prompts, the software allows drivers to submit their claim with the help of maps and emoji-driven questions about the accident and its surrounding circumstances.

Mercury Insurance's Auto Claims Process Adds Digital Channel

Mercury's new added protection comes with environmentally-friendly perks, while discounts put hard-earned money back in the pockets of policyholders LOS ANGELES , June 8, 2022 /PRNewswire/ -- Mercury Insurance (NYSE: MCY) today announces five new coverages and five new discounts available for homeowners and renters in Illinois. Mercury's new coverages provide additional insurance protections with an option for environmentally-friendly replacement products.

Mercury Insurance Offers New Coverages and Discounts in Illinois

Mercury General (MCY) delivered earnings and revenue surprises of -218.46% and 0.37%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Mercury General (MCY) Reports Q1 Loss, Lags Revenue Estimates

LOS ANGELES , April 5, 2022 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today that after the markets close on Tuesday, May 3, 2022, the Company will issue an earnings press release reporting its results for the first quarter of 2022, 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 TO REPORT FIRST QUARTER RESULTS ON MAY 3, 2022

One of the best insurance companies in America, according to Forbes, continues its mission of providing high quality protection at affordable rates LOS ANGELES , April 1, 2022 /PRNewswire/ -- Mercury Insurance sold its first policy on April 1, 1962. The property and casualty insurance upstart had a very small office in the heart of Los Angeles, but its founder, George Joseph, had a very big vision for the future that still serves as a blueprint for today's insurance marketplace.

Personal Touch, Helping Policyholders in Time of Need, and Affordable Rates are Keys to 60 Years of Success for Mercury Insurance

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Kia Soul EV  tops the list for 2022 LOS ANGELES , March 15, 2022 /PRNewswire/ -- More consumers are looking to buy an electric vehicle (EV) now than ever before. Studies have shown that when asked about over 33,000 licensed U.S. drivers, 22.9% of respondents would consider purchasing an electric vehicle as a new or used car.

Mercury Insurance Names the Most Affordable New Electric Vehicles to Insure

LOS ANGELES , March 10, 2022 /PRNewswire/ -- Mercury Insurance (NYSE: MCY) announced it will be subsidizing the cost of smart home water monitoring devices from Flume, providing California homeowner policyholders a way to track their water usage and prevent costly leaks. This water leak detection program is designed to help homeowners save water and money during the ongoing drought.

Mercury Insurance Water Leak Detection Program Aims to Save Water and Money for California Homeowners during Historic Drought

Mercury General (MCY) delivered earnings and revenue surprises of -158.97% and 0.02%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Mercury General (MCY) Reports Q4 Loss, Tops Revenue Estimates

LOS ANGELES, Feb. 15, 2022 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today the fourth quarter and fiscal 2021 results: Consolidated Highlights Three Months Ended December 31, Change Nine Months Ended September 30, Change 2021 2020 $ % 2021 2020 $ % (000's except per-share amounts and ratios) Net premiums earned (2) $ 958,266 $ 921,860 $ 36,406 3.9 % $ 3,741,948 $ 3,555,635 $ 186,313 5.2 % Net premiums written (1) (2) $ 932,678 $ 895,528 $ 37,150 4.1 % $ 3,855,369 $ 3,611,543 $ 243,826 6.8 % Net realized investment (losses) gains, net of tax (3) $ 43,217 $ 90,209 $ (46,992) (52.1) % $ 88,210 $ 67,727 $ 20,483 30.2 % Net income $ 30,473 $ 166,743 $ (136,270) (81.7) % $ 247,937 $ 374,607 $ (126,670) (33.8) % Net income per diluted share $ 0.55 $ 3.01 $ (2.46) (81.7) % $ 4.48 $ 6.77 $ (2.29) (33.8) % Operating (loss) income (1) $ (12,744) $ 76,534 $ (89,278) (116.7) % $ 159,727 $ 306,880 $ (147,153) (48.0) % Operating (loss) income per diluted share (1) $ (0.23) $ 1.38 $ (1.61) (116.7) % $ 2.88 $ 5.54 $ (2.66) (48.0) % Catastrophe losses net of reinsurance (4) $ 19,000 $ 21,000 $ (2,000) (9.5) % $ 104,000 $ 64,000 $ 40,000 62.5 % Combined ratio (5) 105.4 % 93.3 % — 12.1 pts 98.3 % 93.1 % — 5.2 pts (1) These measures are not based on U.S. generally accepted accounting principles ("GAAP"), are defined in "Information Regarding GAAP and Non-GAAP Measures" and are reconciled to the most directly comparable GAAP measures in "Supplemental Schedules." (2) The Company's net premiums earned and written were reduced by $0.1 million and $127.7 million for the three and twelve months ended December 31, 2020, respectively, due to premium refunds and credits to its eligible policyholders for reduced driving and business activities following the outbreak of the COVID-19 pandemic.

Mercury General Corporation Announces Fourth Quarter and Fiscal 2021 Results and Declares Quarterly Dividend

News for Mercury General Stock (MCY)