Tips to Help Families Stay Safe and Ready During Wildfire Awareness MonthLOS 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 ...

Mercury General (MCY) came out with a quarterly loss of $2.29 per share versus the Zacks Consensus Estimate of a loss of $4. This compares to earnings of $0.78 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 42.75%. A quarter ago, it was expected that this auto insurance company would post earnings of $0.64 per share when it actually produced earnings of $2.78, delivering a surprise of 334.38%.Over the last four quarters, the ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File No. 001-12257 ______________________________ MERCURY GENERAL CORPORATION (Exact name of registrant as ...

Financial Performance - Net premiums earned for Q1 2025 were $1,283,069, a 10.0% increase from $1,166,679 in Q1 2024[3] - The company reported a net loss of $108,327 for Q1 2025, a decline of 247.5% from a net income of $73,462 in Q1 2024[3] - Total revenues for Q1 2025 reached $1,393,879, up 9.4% from $1,274,085 in Q1 2024[23] - Losses and loss adjustment expenses increased significantly to $1,220,813 in Q1 2025, compared to $903,965 in Q1 2024, reflecting a loss ratio of 95.1%[23] Investment Performance - Net realized investment gains decreased by 38.9% to $18,424 compared to $30,172 in the previous year[3] - Net investment income after taxes rose to $67,850 in Q1 2025, compared to $54,880 in Q1 2024, reflecting a higher average yield[7] - Average invested assets at cost increased to $5,594,499 in Q1 2025 from $5,358,848 in Q1 2024[7] Underwriting Performance - The combined ratio for Q1 2025 was 119.2%, up 18.3 percentage points from 100.9% in Q1 2024[3] - The combined ratio for Q1 2025 was 119.2%, up from 100.9% in Q1 2024, indicating a deterioration in underwriting performance[23] Catastrophe Losses - Catastrophe losses net of reinsurance for Q1 2025 were $447,000, a significant increase of 520.8% from $72,000 in Q1 2024[3] - Estimated gross catastrophe losses from the January 2025 Southern California wildfires are approximately $2,150 million, with net losses of about $331 million after reinsurance[9] - The company has paid out approximately $1,076 million for claims related to the January 2025 Southern California wildfires as of March 31, 2025[18] Financial Position - Cash and cash equivalents increased to $1,284,790 as of March 31, 2025, compared to $720,257 at the end of 2024[26] - Total assets grew to $9,027,658 as of March 31, 2025, up from $8,310,632 at the end of 2024[26] - The company's statutory surplus decreased to $1.88 billion from $2.03 billion, indicating a decline in financial strength[26] - The debt to total capital ratio increased to 24.0% in Q1 2025, compared to 22.8% at the end of 2024, reflecting higher leverage[26] Customer Growth - Policies-in-force for personal auto increased to 1,024, while homeowners policies-in-force rose to 854, indicating growth in customer base[26] Dividends - The company declared a quarterly dividend of $0.3175 per share, payable on June 26, 2025[8]

Earth Month is the Perfect Time to Start Living SustainablyLOS 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 r ...

A guide to budgeting, researching and choosing a vehicle that fits your life and walletLOS 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 In ...

Core Insights - The article emphasizes the importance of safe driving behaviors to reduce accidents and potentially lower auto insurance costs [2][3] Group 1: Safe Driving Tips - Buckling up every time can save lives; in 2022, 11,302 fatalities occurred due to not wearing seat belts [5] - Ensuring children are in the correct car seats is crucial, as improper use is a leading cause of child fatalities in crashes [5] - Driving sober is essential; over 13,000 people died in alcohol-related crashes in 2022, highlighting the need for responsible driving [5] - Distracted driving accounted for approximately 3,000 fatalities in the U.S. in 2024, representing about 14% of all traffic-related deaths [5] - Obeying speed limits is vital as speeding increases the likelihood of injuries or fatalities in accidents [5] - Avoiding drowsy driving is important; drivers should find a safe place to rest if feeling drowsy [5] - Engaging in discussions with teen drivers about safe driving is necessary, as they accounted for 7% of all fatal crashes in the U.S. in 2022 [5] - Checking for vehicle recalls at least twice a year is recommended for safety [5] Group 2: Company Overview - Mercury Insurance is headquartered in Los Angeles and offers multiple lines of insurance, including personal auto and homeowners insurance [6] - The company operates in various states and has a network of over 6,500 independent agents [7] - Mercury Insurance has been recognized for its competitive rates and excellent customer service, earning an "A" rating from A.M. Best [7]

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental ...

Group 1 - Mercury Insurance has been recognized as one of America's Best Midsized Employers for 2025, highlighting its commitment to team member growth and company culture [1][2] - The selection process involved an independent survey of over 217,000 U.S. team members from companies with at least 1,000 employees, considering more than 6.5 million employer evaluations [2][3] - The final score was based on personal evaluations from team members and public evaluations from friends and family, with a higher weighting on personal evaluations [3] Group 2 - Mercury Insurance emphasizes the importance of its team members, stating that their culture fosters growth and innovation, which is essential for overcoming challenges [4][6] - The company has maintained a focus on team member experience and career growth since its inception in 1962, resulting in an average tenure of over 12 years, nearly three times the industry average [5] - The recognition reflects Mercury's philosophy that the success of the company is directly linked to the well-being of its team members [6] Group 3 - Mercury Insurance, headquartered in Los Angeles, offers a range of insurance products including personal auto, homeowners, and renters insurance across multiple states [7][8] - The company has built a workforce of nearly 4,100 team members and over 6,500 independent agents, providing competitive rates and excellent customer service [8]

Shares of Mercury General Corporation (MCY) have lost 1.8% in the past year against the industry, the Finance sector and the Zacks S&P 500 composite’s growth of 27.7%, 14.3% and 6.7%, respectively. The insurer has a market capitalization of $2.90 billion. The average volume of shares traded in the last three months was 0.7 million.MCY shares are trading below the 50-day moving average, indicating a bearish trend.MCY vs. Industry, Sector, S&P in One YearImage Source: Zacks Investment ResearchMCY Shares are A ...