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.

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Now that the Federal Reserve has started to raise interest rates to counter inflation, this is a good time to take a deep look at the S&P Dividend Aristocrats and isolate stocks with the highest yields. There are more aristocrats than you might expect, with three broad U.S. indexes maintained by S&P Global.

Deep Dive: 10 highest-yielding Dividend Aristocrat stocks for uncertain times as interest rates rise and economic growth slows

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

LOS ANGELES, Feb. 3, 2022 /PRNewswire/ -- New legislation has been ushered in for Californians this year. From property development to traffic regulations, some of the new laws may affect how California residents get around their neighborhood and what those neighborhoods might look like in the near future.

2022 California Laws Impacting Insurance Needs

LOS ANGELES, Jan. 18, 2022 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today that after the markets close on Tuesday, February 15, 2022, the Company will issue an earnings press release reporting its results for the fourth quarter of 2021, 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 TO REPORT FOURTH QUARTER RESULTS ON FEBRUARY 15, 2022

FOLSOM, Calif.--(BUSINESS WIRE)--One Inc, the leading digital payments network for the insurance industry, has announced Mercury Insurance, a national top 30 property and casualty carrier, has launched One Inc's ClaimsPay platform to transform its claims disbursement experience integrated with Guidewire's ClaimCenter. Los Angeles-based Mercury Insurance, which was recently recognized by Forbes as on one of America's Best Insurance Companies for 2022, provides comprehensive coverage options for

One Inc's Top-Tier Client Stable Grows as Mercury Insurance Launches ClaimsPay®

In 2020, Mercury benefited from COVID19 social restrictions, which impacted auto claims activity positively. As a result, the company recorded the best-combined ratio over the last decade, with a FY2020 combined ratio of 93.6%.

Mercury General: Always No, Forever No

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21 Upcoming Dividend Increases

LOS ANGELES, Dec. 8, 2021 /PRNewswire/ -- Mercury Insurance (NYSE: MCY), a regional Commercial Multi-Peril (CMP) Insurance specialist, announced the company is offering Small Business Insurance for California business owners, including those with retail stores, restaurants, professional services and medical offices. The latest offering from Mercury's CMP line is designed to provide a quick quote with easy to tailor coverage packages to protect customer's businesses.

Mercury Insurance is ready to Protect California Entrepreneurs with Small Business Insurance

LOS ANGELES , Nov. 19, 2021 /PRNewswire/ -- Mercury Insurance (NYSE: MCY) today announces five new coverages and three new discounts available for homeowners in Arizona. Mercury's new coverages provide additional insurance protections with an option for environmentally-friendly replacement products.

Mercury Insurance Offers New Coverages and Discounts to Arizona Homeowners

LOS ANGELES, Nov. 18, 2021 /PRNewswire/ -- Beginning January 3 rd, 2022, Mercury Insurance (NYSE: MCY) is rolling out Mercury's My Workplace, a new business model that will allow team members to choose where they want to work. It will give many of the company's team members the freedom to work from home, which may be anywhere in the United States, from the office, or a hybrid combination of both.

Mercury Insurance Embraces Flexible Work Model with My Workplace

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In this article series, we provide a weekly summary of dividend changes. A summary table presents relevant data and key statistics of dividend increases.

Dividend Increases: October 30-November 5, 2021

Mercury General (MCY) delivered earnings and revenue surprises of -20.00% and 0.08%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Mercury General (MCY) Lags Q3 Earnings Estimates

LOS ANGELES, Nov. 2, 2021 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today for the third quarter of 2021: Consolidated Highlights Three Months Ended September 30, Change Nine Months Ended September 30, Change 2021 2020 $ % 2021 2020 $ % (000's except per-share amounts and ratios) Net premiums earned (2) $ 940,941 $ 899,304 $ 41,637 4.6 $ 2,783,682 $ 2,633,775 $ 149,907 5.7 Net premiums written (1) (2) $ 1,014,967 $ 942,888 $ 72,079 7.6 $ 2,922,691 $ 2,716,016 $ 206,675 7.6 Net realized investment (losses) gains, net of tax (3) $ (34,399) $ 50,904 $ (85,303) (167.6) $ 44,993 $ (22,482) $ 67,475 NM Net income $ 1,288 $ 118,857 $ (117,569) (98.9) $ 217,464 $ 207,864 $ 9,600 4.6 Net income per diluted share $ 0.02 $ 2.15 $ (2.13) (99.1) $ 3.93 $ 3.75 $ 0.18 4.8 Operating income (1) $ 35,687 $ 67,953 $ (32,266) (47.5) $ 172,471 $ 230,346 $ (57,875) (25.1) Operating income per diluted share (1) $ 0.64 $ 1.23 $ (0.59) (48.0) $ 3.11 $ 4.16 $ (1.05) (25.2) Catastrophe losses net of reinsurance (4) $ 25,000 $ 29,000 $ (4,000) (13.8) $ 85,000 $ 43,000 $ 42,000 97.7 Combined ratio (5) 99.0 % 94.3 % — 4.7 pts 95.8 % 93.0 % — 2.8 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) The Company's net premiums earned and written were reduced by approximately $21 million and $128 million for the three and nine months ended September 30, 2020, respectively, due to premium refunds and credits to its eligible policyholders under the "Mercury Giveback" program for reduced driving and business activities following the outbreak of the COVID-19 pandemic.

Mercury General Corporation Announces Third Quarter Results and Increases Quarterly Dividend

Mercury General (MCY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Mercury General (MCY) Q3 Earnings Expected to Decline

LOS ANGELES, Oct. 18, 2021 /PRNewswire/ -- The 2021-22 National Hockey League season is back and Mercury Insurance (NYSE: MCY) is giving Anaheim Ducks fans the opportunity to return to the stands at the Honda Center with two free tickets for a regular season home game if they complete an online auto or homeowners insurance quote. The "Get a Quote, Get Two Tickets" promotion run from October 18 th through December 3 rd for Ducks fans who complete an online Mercury auto insurance quote at www.MercuryInsurance.com/Ducks.

Mercury Insurance is Giving Away Anaheim Ducks Tickets

News for Mercury General Stock (MCY)