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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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's New Umbrella Insurance Better Protects Illinoisans' Personal Wealth Against Bodily Injury Claims LOS ANGELES , Sept. 3, 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 Illinoisans' personal financial health at risk.

Bodily Injury Costs Increase in Illinois, According to Mercury Insurance

Mueller Water

Synchronoss

Universal Health Services

Veracyte

SNCR, MCY, UHS, VCYT and MWA are five stocks with explosive relative price strength.

5 Relative Price Strength Stocks That You Should Buy Now

Mercury General (MCY) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Mercury General Corporation (MCY) Hit a 52 Week High, Can the Run Continue?

Does Mercury General (MCY) have what it takes to be a top stock pick for momentum investors? Let's find out.

Mercury General (MCY) Is Up 0.60% in One Week: What You Should Know

Safety Insurance struggled with underwriting losses in the first half of 2024 despite improvements in Q2, highlighting ongoing challenges in its portfolio. Mercury General has shown signs of recovery, achieving a combined ratio below 100% in the first half of 2024, positioning itself more favorably compared to Safety Insurance. Although Safety Insurance's dividend remains covered due to higher investment income, the company's elevated valuation may face pressure if portfolio remediation efforts don't succeed.

Comparing Safety Insurance And Mercury General: Q2 2024 Results Highlight Diverging Paths

Policyholders can report claims anytime at (800) 503-3724 or via Mercury's automated digital experience LOS ANGELES , Aug. 6, 2024 /PRNewswire/ -- Mercury Insurance is ready to assist policyholders who have been impacted by Tropical Storm Debby in Georgia. Customers can report damages and losses anytime through Mercury's claims hotline at (800) 503-3724 or digitally by visiting https://www.mercuryinsurance.com/claims/residence-claim.html.

Mercury Insurance is Ready to Assist Georgia Policyholders Impacted by Tropical Storm Debby

Mercury General (MCY) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Will Mercury General (MCY) Gain on Rising Earnings Estimates?

Three Hyundai Motor Group Products Make This Year's List LOS ANGELES , Aug. 5, 2024 /PRNewswire/ -- Due to the growing demand for electric vehicles, particularly in California, Mercury Insurance (NYSE: MCY) has compiled a list of the most affordable new EVs to insure, which will arm consumers with valuable knowledge when they go to shop for an EV.  Factors contributing to insurance costs include claims on similar vehicles, cost to repair and vehicle safety records.

Mercury Insurance Names the Most Affordable New EVs to Insure

M/I Homes

GeneDx Holdings Corp

WGS, MCY and MHO made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 5, 2024.

Best Momentum Stocks to Buy for August 5th

Capital City Bank Group

C.H. Robinson Worldwide

CCBG, CHRW and MCY made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 5, 2024.

Best Income Stocks to Buy for August 5th

Fulcrum Therapeutics Inc

Kinross Gold

KGC, MCY, WGS, CHRW and FULC have been added to the Zacks Rank #1 (Strong Buy) List on August 5, 2023.

New Strong Buy Stocks for August 5th

Mercury General (MCY) came out with quarterly earnings of $1.09 per share, beating the Zacks Consensus Estimate of $0.80 per share. This compares to loss of $0.47 per share a year ago.

Mercury General (MCY) Q2 Earnings Beat Estimates

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 NM $  136,030 $  (86,831) $  222,861 NM Net income (loss) per diluted share $         1.13 $        (0.75) $    1.88 NM $       2.46 $     (1.57) $     4.03 NM Operating income (loss) (1) $      60,278 $     (25,918) $ 86,196 NM $  103,569 $ (109,922) $  213,491 NM Operating income (loss) per diluted share (1) $         1.09 $        (0.47) $    1.56 NM $       1.87 $     (1.99) $     3.86 NM Catastrophe losses net of reinsurance (3) $    125,000 $      92,000 $ 33,000 35.9 $  197,000 $  190,000 $   7,000 3.7 Combined ratio (4) 98.9 % 110.1 % —         (11.2) pts 99.9 % 112.9 % —         (13.0) pts NM = Not Meaningful (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) Net realized investment gains (losses) before tax were $3 million and $(20) million for the three months ended June 30, 2024 and 2023, respectively, and $41 million and $29 million for the six months ended June 30, 2024 and 2023, respectively.

Mercury General Corporation Announces Second Quarter Results and Declares Quarterly Dividend

Mercury's 'Community Rockstars' Campaign to Recognize Outstanding Community Members in San Diego Area LOS ANGELES , July 29, 2024 /PRNewswire/ -- Mercury Insurance (NYSE: MCY) is on the hunt for San Diego's biggest and brightest "Community Rockstars" this summer. The company, in partnership with iHeart Radio , will honor San Diego's most deserving unsung heroes with a VIP prize package truly fit for a rockstar.

Mercury Insurance Partners With iHeart Radio to Honor Community Heroes

Dr. Zhiyun Li will serve as the Mercury Insurance Climate Economist at UCLA Anderson Forecast, providing insight into the economic impact of climate change in California and its implications on the insurance business LOS ANGELES , July 16, 2024 /PRNewswire/ -- Mercury Insurance (NYSE: MCY), a leading provider of property and casualty insurance, has announced a strategic partnership with the UCLA Anderson Forecast to spearhead research into the growing impact and implications of climate change on the California economy. The results of the effort will help create a roadmap for California — and California-based businesses like Mercury — to support Californians living with increased risk from the impacts of extreme climate events.

Mercury Insurance and UCLA Anderson Forecast Partner to Lead Research on the Impact of Climate Change and the Economy

Two Hyundai products top this year's list LOS ANGELES , July 12, 2024 /PRNewswire/ -- Specific sedan models are once again some of the most affordable vehicles to purchase and own, according to Mercury Insurance (NYSE: MCY), a leading auto insurer in California. Announced today, Mercury has compiled a list of the most affordable new sedans to insure.

Mercury Insurance Names the Most Affordable New Sedans to Insure

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 TO REPORT SECOND QUARTER RESULTS ON JULY 30, 2024

Policyholders can report claims anytime at (800) 503-3724 or via Mercury's automated digital experience LOS ANGELES , July 8, 2024 /PRNewswire/ -- Mercury Insurance is ready to assist policyholders who have been impacted by Hurricane Beryl in Houston, Texas. Customers can report damages and losses anytime through Mercury's claims hotline at (800) 503-3724 or digitally by visiting https://www.mercuryinsurance.com/claims/residence-claim.html.

Mercury Insurance is Ready to Assist Texas Policyholders Impacted by Hurricane Beryl

Eldorado Gold

Kirin Holdings Co Ltd

Superior Uniform Group

Clear Secure

EGO, YOU, MCY, SGC and KNBWY have been added to the Zacks Rank #1 (Strong Buy) List on June 26, 2024.

New Strong Buy Stocks for June 26th

Chevrolet takes top two truck spots with Ford taking five spots in the top 10; Fiat is the most budget-friendly SUV to insure with Honda taking four in the top 10  LOS ANGELES , June 25, 2024 /PRNewswire/ -- Consumers continue to gravitate toward larger vehicles as the truck and SUV segments dominate sales in the U.S., a trend that shows no signs of slowing down. Mercury Insurance  (NYSE: MCY), a leading personal and commercial auto insurer in California — the car capital of the U.S. — and provider of auto insurance in 10 other states, has generated a list of the most affordable new SUVs and trucks to help car buyers find a vehicle that will save them money on insurance.

Mercury Insurance Names the Most Affordable New Trucks and SUVs to Insure

Company Continues Long-Standing Support of Live Music with New Venue Sponsorship LOS ANGELES , June 20, 2024 /PRNewswire/ -- Mercury Insurance  (NYSE: MCY), a longtime supporter of live music, will be amping up the summer concertgoing experience at the North Island Credit Union Amphitheatre (NICUA) in San Diego. Music lovers will have more than just music to enjoy during NICUA concerts, with fan experiences designed to excite the eyes as well as the ears.

Mercury Insurance Turns Up the Volume for Music Fans at North Island Credit Union Amphitheatre

ASM International NV

Byrna Technologies

NMM, CMRE and AGRO made it to the Zacks Rank #1 (Strong Buy) value stocks list on June 18, 2024.

Best Momentum Stocks to Buy for June 18th

Harte Hanks

Matador Resources

SGC, MTDR, MCY, ASMIY and HHS have been added to the Zacks Rank #1 (Strong Buy) List on June 18, 2024.

New Strong Buy Stocks for June 18th

Award Recognizes Mercury's Commitment to its Employees' Mental Health LOS ANGELES , June 12, 2024 /PRNewswire/ -- Mercury Insurance  has been named by Newsweek, in conjunction with market data research firm Plant-A Insights, as one of America's Greatest Workplaces for Mental Wellbeing 2024. This is the first year Newsweek is offering the award, and only 15 non-health-related insurance carriers were selected out of 750 businesses recognized.

Newsweek Names Mercury Insurance One of America's Greatest Workplaces for Mental Wellbeing 2024

Mercury General (MCY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

News for Mercury General Stock (MCY)