Mercury General Corp

MCY

Equity

ISIN US5894001008 / Valor 951144

New York Stock Exchange, Inc (2024-12-26)

USD 68.58-0.38%

Mercury General Corp
UMushroom community rating:

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About company

Mercury General Corp, founded in 1961 by George Joseph, is a multi-line insurance organization offering primarily automobile and homeowners insurance. The company has expanded its portfolio to include condo, renters, and business insurance, along with mechanical protection. Mercury operates through a network of over 9,400 independent agents across several U.S. states, including but not limited to Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas, and Virginia. It prides itself on providing affordable insurance options without compromising on coverage quality. Mercury General Corp has established a reputation for efficient claims processing and has implemented measures to combat insurance fraud, thereby protecting its customers from potential premium increases due to fraudulent claims. The company boasts over $6.7 billion in total assets and employs more than 4,400 individuals. Mercury has received A ratings from A.M. Best and Fitch, indicating strong financial health and stability.

Summarized from source with an LLMView SourceSector: Finance

Latest Results ():

Summarized from source with an LLMView Source

Key figures

82.2%1Y

34.0%3Y

42.8%5Y

Performance

30.9%1Y

34.6%3Y

34.5%5Y

Volatility