Company prepared to assist policyholders who have suffered home or auto loss, need living expenses reimbursement or to file a claim for covered losses

LOS ANGELES, Nov. 8, 2024 /PRNewswire/ -- The recent Santa Ana wind conditions have sparked a wildfire across Camarillo, forcing local authorities to issue mandatory evacuation orders for more than 10,000 residents in that Southern California community. Mercury Insurance is prepared to assist homeowner, renter and auto policyholders who have had to evacuate in response to those orders or whose property has suffered fire damage.

New Activations Bring the Game Alive for Fans at the Game and at Home

LOS ANGELES, Nov. 7, 2024 /PRNewswire/ -- Mercury Insurance (NYSE: MCY) is making sure that no Los Angeles Kings fan is left behind this season, launching a wave of exciting new activations with big fan rewards that include game tickets and even a brand new home jersey. And for the first time, all of this happens for the fans inside Crypto.com Arena AND those watching at home.

"For Kings fans, being in Crypto.com Arena can turn into an unforgettable experience, full of emotion and amazing moments shared with family, friends or even the random person sitting next to you," said Erik Thompson, VP & CMO, Mercury Insurance. "We're thrilled to bring fans even closer to the Kings this season with new ways to connect, whether they're watching in the arena or from home."

Mercury to Launch New Offer to Reward and Include Every Fan

LOS ANGELES, Oct. 30, 2024 /PRNewswire/ -- Mercury Insurance (NYSE: MCY) and the Anaheim Ducks are thrilled to announce the revival of their popular Get a Quote/Get 2 Tickets promotion, aimed at giving more fans the chance to see a game at Honda Center this season. Not only could fans save money while enjoying the thrill of live hockey, but the two organizations have also added an exciting new twist to this beloved promotion.

Launching in November, the program rewards fans who complete an online Mercury auto insurance quote with two tickets to an upcoming Ducks game. This season, however, Mercury will also donate two additional tickets to the Anaheim Ducks Foundation, which will be distributed to fans who may not have the means to purchase tickets so they can experience the excitement of live Ducks hockey.

LOS ANGELES, Oct. 29, 2024 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today for the third quarter of 2024:

Consolidated Highlights

Three Months Ended September 30,

Change

Nine Months Ended September 30,

Change

2024

2023

$

%

2024

2023

$

%

(000's except per-share amounts and ratios)

Net premiums earned 

$  1,320,652

$  1,090,311

$  230,341

21.1

$  3,723,355

$  3,129,483

$  593,872

19.0

Net premiums written (1) 

$  1,422,933

$  1,206,503

$  216,430

17.9

$  4,063,377

$  3,332,049

$  731,328

21.9

Net realized investment gains (losses), net of tax (2)

$    90,412

$   (71,101)

$  161,513

NM

$  122,873

$   (48,010)

$  170,883

NM

Net income (loss) (3)

$  230,856

$    (8,227)

$  239,083

NM

$  366,886

$   (95,058)

$  461,944

NM

Net income (loss) per diluted share (3)

$       4.17

$      (0.15)

$       4.32

NM

$       6.63

$      (1.72)

$       8.35

NM

Operating income (loss) (1) (3)

$  140,444

$    62,874

$    77,570

123.4

$  244,013

$   (47,048)

$  291,061

NM

Operating income (loss) per diluted share (1) (3)

$       2.54

$       1.14

$       1.40

122.8

$       4.41

$      (0.85)

$       5.26

NM

Catastrophe losses net of reinsurance (4)

$    39,000

$    33,000

$     6,000

18.2

$  236,000

$  223,000

$    13,000

5.8

Combined ratio (5)

93.6 %

98.6 %

—

      (5.0)   pts

97.6 %

107.9 %

—

        (10.3)        pts

Top Home and Auto Safety Tips to Keep in Mind Ahead of the Spooky Season

LOS ANGELES, Oct. 28, 2024 /PRNewswire/ -- Ghosts, goblins and ghouls will soon be taking to the streets as Halloween festivities commence. Mercury Insurance (NYSE: MCY) wants to help keep you, your loved ones and your property safe to avoid any unnecessary scares that might be lurking.

"Halloween is a great time to gather with friends and family, but it can also wreak havoc on your home and property if you aren't prepared," said Bonnie Lee, vice president of property claims at Mercury Insurance. "Homeowners should stay vigilant by taking precautionary measures around their homes and checking their policies to ensure they are updated."

LOS ANGELES, Oct. 8, 2024 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today that after the markets close on Tuesday, October 29, 2024, the Company will issue an earnings press release reporting its results for the third quarter of 2024, and will also file its quarterly report on Form 10-Q with the Securities and Exchange Commission. The earnings press release should be read in conjunction with the Company's quarterly report on Form 10-Q.

Mercury General Corporation and its subsidiaries are a multiple line insurance organization offering predominantly personal automobile and homeowners insurance through a network of independent producers and direct-to-consumer sales in many states. For more information, visit the Company's website at http://www.mercuryinsurance.com.

Policyholders can report claims anytime at (800) 503-3724 or via Mercury's automated digital experience

LOS ANGELES, Sept. 27, 2024 /PRNewswire/ -- Mercury Insurance is ready to assist policyholders who have been impacted by Hurricane Helene in Georgia. Customers can report damages and losses anytime through Mercury's claims hotline at (800) 503-3724 or digitally by visiting https://www.mercuryinsurance.com/claims/residence-claim.html.

"We recognize that the recovery process after a hurricane such as Helene can be a difficult and emotional time. However, the Mercury claims team is here for our Georgia customers impacted by the severe weather," says Bonnie Lee, Vice President, Property Claims at Mercury Insurance.

Policyholders can report claims anytime at (800) 503-3724 or via Mercury's automated digital experience

LOS ANGELES, Sept. 27, 2024 /PRNewswire/ -- Mercury Insurance is ready to assist policyholders who have been impacted by Hurricane Helene across the Florida Panhandle area. Customers can report damages and losses anytime through Mercury's claims hotline at (800) 503-3724 or digitally by visiting https://www.mercuryinsurance.com/claims/residence-claim.html.

"We recognize that the recovery process after a hurricane such as Helene can be a difficult and emotional time. However, the Mercury claims team is here for our Florida customers impacted by the severe weather," says Kevin Quinn, Vice President, Auto Claims at Mercury Insurance.

Mercury Recognized by Publication for Workplace Culture for the First Time

LOS ANGELES, Sept. 25, 2024 /PRNewswire/ -- Mercury Insurance has been named by U.S. News & World Report as one of the 2024-25 Best Companies to Work For. The recognition by the national publication is a first for Mercury.

"We are deeply honored to be recognized as one of the top companies in the country by U.S. News & World Report. It's a reflection of our dedication to evolving with our team members' needs," stated Heidi Sullivan Lopez, Vice President, Chief Human Capital Officer for Mercury. "We prioritize our people's growth and well-being, ensuring they have the resources to thrive both personally and professionally. Seeing so many of our team members choose to stay with us for years is a testament to the supportive environment we've built—one that feels more like a family than just a workplace."

EVs Offer Lower Operating Costs Compared With ICE and Hybrid Vehicles, but Cost More to Insure

LOS ANGELES, Sept. 23, 2024 /PRNewswire/ -- With a variety of powertrain options on the market, consumers who are shopping for a new vehicle have a lot to mull over these days. Buy another internal combustion engine (ICE) vehicle? Go fully electric? What about a hybrid? Regardless of vehicle type, it's important for shoppers to understand the total cost of ownership before making a commitment, as this will help minimize unexpected expenses and headaches down the road. 

Mercury's New Umbrella Insurance Better Protects Illinoisans' Personal Wealth Against Bodily Injury Claims

LOS ANGELES, Sept. 3, 2024 /PRNewswire/ -- Multi-vehicle crashes, dog bites or a delivery person being injured on your property are some of the unexpected events that are putting Illinoisans' personal financial health at risk. In fact, bodily injury payouts have continued to climb year over year since the start of the pandemic, with the average amount for a liability claim increasing by 35%, according to Mercury Insurance (NYSE: MCY). 

Dr. Zhiyun Li will serve as the Mercury Insurance Climate Economist at UCLA Anderson Forecast, providing insight into the economic impact of climate change in California and its implications on the insurance business

LOS ANGELES, July 16, 2024 /PRNewswire/ -- Mercury Insurance (NYSE: MCY), a leading provider of property and casualty insurance, has announced a strategic partnership with the UCLA Anderson Forecast to spearhead research into the growing impact and implications of climate change on the California economy. The results of the effort will help create a roadmap for California — and California-based businesses like Mercury — to support Californians living with increased risk from the impacts of extreme climate events.

Two Hyundai products top this year's list

LOS ANGELES, July 12, 2024 /PRNewswire/ -- Specific sedan models are once again some of the most affordable vehicles to purchase and own, according to Mercury Insurance (NYSE: MCY), a leading auto insurer in California. Announced today, Mercury has compiled a list of the most affordable new sedans to insure. This list was created with the goal of helping budget-conscious consumers find a vehicle that will save them money on insurance.

LOS ANGELES, July 9, 2024 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today that after the markets close on Tuesday, July 30, 2024, the Company will issue an earnings press release reporting its results for the second quarter of 2024, and will also file its quarterly report on Form 10-Q with the Securities and Exchange Commission.  The earnings press release should be read in conjunction with the Company's quarterly report on Form 10-Q.

Mercury General Corporation and its subsidiaries are a multiple line insurance organization offering predominantly personal automobile and homeowners insurance through a network of independent producers and direct-to-consumer sales in many states.  For more information, visit the Company's website at http://www.mercuryinsurance.com.

Policyholders can report claims anytime at (800) 503-3724 or via Mercury's automated digital experience

LOS ANGELES, July 8, 2024 /PRNewswire/ -- Mercury Insurance is ready to assist policyholders who have been impacted by Hurricane Beryl in Houston, Texas. Customers can report damages and losses anytime through Mercury's claims hotline at (800) 503-3724 or digitally by visiting https://www.mercuryinsurance.com/claims/residence-claim.html.

"We recognize that the recovery process after a hurricane such as Beryl can be a difficult and emotional time. However, the Mercury claims team is here for our Texas customers impacted by the severe weather," says Bonnie Lee, Vice President, Property Claims at Mercury Insurance.

Chevrolet takes top two truck spots with Ford taking five spots in the top 10; Fiat is the most budget-friendly SUV to insure with Honda taking four in the top 10 

LOS ANGELES, June 25, 2024 /PRNewswire/ -- Consumers continue to gravitate toward larger vehicles as the truck and SUV segments dominate sales in the U.S., a trend that shows no signs of slowing down. Mercury Insurance (NYSE: MCY), a leading personal and commercial auto insurer in California — the car capital of the U.S. — and provider of auto insurance in 10 other states, has generated a list of the most affordable new SUVs and trucks to help car buyers find a vehicle that will save them money on insurance.

Company Continues Long-Standing Support of Live Music with New Venue Sponsorship

LOS ANGELES, June 20, 2024 /PRNewswire/ -- Mercury Insurance (NYSE: MCY), a longtime supporter of live music, will be amping up the summer concertgoing experience at the North Island Credit Union Amphitheatre (NICUA) in San Diego. Music lovers will have more than just music to enjoy during NICUA concerts, with fan experiences designed to excite the eyes as well as the ears.

"Seeing your favorite artist live is an incredible experience, and we wanted to help make each show a night to remember for Mercury customers and music fans from all walks of life," said Erik Thompson, VP & CMO of Mercury Insurance. "We've created some amazing experiences that will help San Diego music lovers forge unforgettable memories with family and friends this summer."

Award Recognizes Mercury's Commitment to its Employees' Mental Health

LOS ANGELES, June 12, 2024 /PRNewswire/ -- Mercury Insurance has been named by Newsweek, in conjunction with market data research firm Plant-A Insights, as one of America's Greatest Workplaces for Mental Wellbeing 2024. This is the first year Newsweek is offering the award, and only 15 non-health-related insurance carriers were selected out of 750 businesses recognized.

"We continue to be humbled and honored by the recognition our employee care and empowerment actions have received," stated Heidi Lopez, Vice President, Chief Human Capital Officer for Mercury. "Our employees have access to a great number of resources and programs designed to promote positive mental well-being. The Mercury team is a community, and we will always strive to provide the best services and tools to support the mental and physical health of our employees." 

Vigilance and Detailed Documentation are Key Prevention Measures

LOS ANGELES, June 6, 2024 /PRNewswire/ -- While inflation continues to drive up home and auto insurance costs, fraud is a hidden culprit contributing to the hikes. Whether you're an actual victim of insurance fraud or simply an active policyholder, the reality is that insurance fraud impacts everyone. And as the frequency and complexity of fraudulent activities increase, so does the cost of insurance for all policyholders.

What exactly is insurance fraud? It's a deliberately deceptive act with the goal of receiving a wrongful payout from an insurance process. It can be committed by applicants, policyholders, third parties or even the insurance providers themselves — and it affects virtually every type of insurance including auto and homeowners.

Mercury policyholders can report claims anytime at (800) 503-3724

LOS ANGELES, May 29, 2024 /PRNewswire/ -- Mercury Insurance policyholders who have been impacted by recent heavy storms in Texas and Oklahoma can report damages and losses through Mercury's claims hotline at (800) 503-3724 or digitally by visiting https://www.mercuryinsurance.com/claims/residence-claim.html

"We recognize that the recovery process after a storm can be a difficult and emotional time. However, the Mercury claims team is here for our Texas and Oklahoma customers impacted by the severe weather," says Bonnie Lee, Vice President, Property Claims at Mercury Insurance.