MG

Mercury General

MCY
NYSEFinancials
$102.61
USD
+1.58(+1.56%)
At close: Jun 16, 20:00 UTC

Open

$102.06

Prev. Close

$102.00

High

$102.35

Low

$102.06

Market Snapshot

Market Cap

$5.68B

P/E Ratio

6.8

EPS

8.45

Revenue

$5.48B

Why MCY moved

Mercury General has issued $525 million in senior notes, signaling a strategic shift towards long-term funding amidst improving performance in the insurance industry.

About

Mercury General Corp. operates as a broker and agency writer of automobile insurance. The company is headquartered in Los Angeles, California and currently employs 4,300 full-time employees. The firm writes homeowners, commercial automobile, commercial property, mechanical protection and umbrella insurance. Its automobile coverage includes collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured, and uninsured motorists, and other hazards. Its homeowners’ coverage includes dwelling, liability, personal property, and other coverages. The company offers standard, non-standard and preferred private passenger automobile insurance. The company also offers homeowners insurance in approximately 10 states, commercial automobile insurance in approximately four states, and mechanical protection insurance in various states. Its subsidiaries include Mercury Casualty Company, California Automobile Insurance Company, Orion Indemnity Company, American Mercury Insurance Company, Animas Funding LLC, and Mercury Insurance Company of Illinois.

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