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Mercury General Corporation  (MCY)
Other Ticker:  
 
 
Price: $29.8200 $0.36 1.222%
Day's High: $29.96 Week Perf: 2.26 %
Day's Low: $ 28.89 30 Day Perf: -8.19 %
Volume (M): 427 52 Wk High: $ 57.17
Volume (M$): $ 12,739 52 Wk Avg: $47.91
Open: $29.01 52 Wk Low: $27.89



 Market Capitalization (Millions $) 1,651
 Shares Outstanding (Millions) 55
 Employees 4,500
 Revenues (TTM) (Millions $) 3,573
 Net Income (TTM) (Millions $) -376
 Cash Flow (TTM) (Millions $) -89
 Capital Exp. (TTM) (Millions $) 41

Mercury General Corporation

Mercury General Corporation ("Mercury General") and its subsidiaries are primarily engaged in writing personal automobile insurance through 14 insurance subsidiaries (referred to herein collectively as the "Insurance Companies") in 13 states, principally California. The Company also writes homeowners, commercial automobile, commercial property, mechanical breakdown, and umbrella insurance.

Insurance type
Published maximum limits of liability Private Passenger Automobile - bodily injury (BI) $250,000 per person; $500,000 per accident
Private Passenger Automobile - property damage $250,000 per accident Commercial Automobile (combined policy limits) $1,000,000 per accident
Homeowner property no maximum Homeowner liability $1,000,000
Umbrella liability $5,000,000

The majority of the Company’s automobile policies have liability limits that are equal to or less than $100,000 per person and $300,000 per accident for BI and $50,000 per accident for property damage.

The Company obtains facultative reinsurance above a Company retention limit of up to $7 million.

The majority of the Company’s homeowner policies have liability limits of $300,000 or less and a replacement value of $500,000 or less.

The majority of the Company’s umbrella policies have liability limits of $1,000,000.

The principal executive offices of Mercury General are located in Los Angeles, California. The home office of the Insurance Companies and the information technology center are located in Brea, California. The Company also owns office buildings in Rancho Cucamonga and Folsom, California, which are used to support California operations and future expansion, and in Clearwater, Florida and in Oklahoma City, Oklahoma, which house Company employees and several third party tenants. The Company has approximately 4,300 employees. The Company maintains branch offices in a number of locations in California; Clearwater, Florida; Bridgewater, New Jersey; Oklahoma City, Oklahoma; and Austin and San Antonio, Texas.

The Company consolidated its non-California office based claims and underwriting operations into hubs located in Clearwater, Florida; Bridgewater, New Jersey; and Austin, Texas, which resulted in a net workforce reduction of approximately 135 employees and a $10 million pre-tax expense in the first quarter of 2013.

The Company sells its policies through approximately 9,700 independent agents, its 100% owned insurance agents, AIS and Poliseek, and directly through internet sales portals. All of the independent agents collectively accounted for more than 87% of the Company's direct premiums written in 2015, and no independent agent accounted for more than 1% of the Company’s direct premiums written during the last three years. Approximately 1,900 of the independent agents are located in California and approximately 1,500 are located in Florida. The independent agents are independent contractors selected and contracted by the Company and generally also represent competing insurance companies. AIS and Poliseek represented the Company as independent agents prior to their acquisition in 2009, and continue to act as independent agents selling policies for a number of other insurance companies. Policies sold directly through the internet sales portals are assigned to and serviced by the Company's agents.



   Company Address: 4484 Wilshire Boulevard Los Angeles, 90010 CA
   Company Phone Number: 937-1060   Stock Exchange / Ticker: NYSE MCY
   MCY is expected to report next financial results on November 01, 2022.


Customers Net Income fell by MCY's Customers Net Profit Margin fell to

-16.31 %

7.58 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

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Mercury General's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Mercury General does not provide revenue guidance.

Earnings Outlook
Amesite Inc. does not provide earnings estimates.

 
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