Mercury General Stock Price, News & Analysis

Mercury Insurance (NYSE: MCY) has launched a new personal umbrella insurance policy in Florida, marking its seventh state expansion. The launch comes as bodily injury payouts have increased by 35% since the pandemic. The enhanced coverage starts at just over $1 per day and includes features like a 5% discount for accident-free drivers and uninsured motorist coverage up to $1 million.

The policy offers liability coverage ranging from $1 million to $2 million, designed to protect policyholders' assets beyond traditional auto and home insurance limits. Florida becomes the latest state to receive this coverage after California, Texas, Oklahoma, Illinois, Arizona, and Georgia.

Mercury Insurance (NYSE: MCY) has released its annual list of the most affordable new trucks and SUVs to insure for 2025. The analysis, in its 10th year, evaluates vehicles based on factors including claims history, repair costs, and safety records.

In the truck category, Chevrolet leads with its Colorado LT and Silverado C3500 models. For SUVs, the Hyundai Santa Fe tops the list, while Honda dominates with four models (Pilot, Passport, HR-V, and CR-V) in the top 10.

The compilation aims to help consumers make cost-effective vehicle choices amid rising insurance costs nationwide, featuring 2025 and 2026 model-year vehicles currently available at dealerships.

Mercury Insurance (NYSE:MCY) has released essential insurance guidelines for college students and their families ahead of the fall semester. The company emphasizes the importance of updating auto insurance policies when students take vehicles to college, highlighting key considerations including garaging address updates, usage-based discounts, and campus parking security.

Director of State Product Management Justin Yoshizawa outlines several recommendations, including potential discounts for students attending college over 100 miles from home, the importance of comprehensive coverage for campus parking lots, and the benefits of bundling auto with renters insurance for additional savings.

Mercury Insurance (NYSE: MCY) has announced a strategic partnership with Liberty Mutual Insurance to provide coverage for thousands of California Safeco Insurance customers affected by Liberty Mutual's shift in California personal lines strategy. The transition will focus on Safeco's renters, condo, and select auto policies.

Mercury's CEO Gabriel Tirador emphasized the company's commitment to California, highlighting a similar successful transition with Tokio Marine's personal lines business last year. The company continues to write homeowners policies in many parts of California where other insurers have withdrawn, offering an alternative to the FAIR Plan.

The partnership aims to ensure uninterrupted coverage for customers while supporting independent agents, with Mercury planning to vet and potentially appoint Safeco agents who currently don't have Mercury appointments.

Mercury Insurance (NYSE:MCY) has released guidance for homeowners on financial preparation for extreme weather events. The company emphasizes the importance of both physical and financial readiness to protect homes against natural disasters like wildfires, hurricanes, winter storms, and floods.

The comprehensive checklist includes reviewing insurance coverage, understanding deductibles, creating home inventories, building emergency funds, protecting important documents, utilizing smart technology for early damage detection, planning for evacuation costs, and understanding federal and state disaster aid programs.

Steve Bennett, Senior Director of Climate and Catastrophe Science at Mercury Insurance, highlights that proactive financial planning can help homeowners avoid significant expenses and stress during extreme weather events.

Mercury General Corporation (NYSE: MCY) reported significant Q2 2025 results and declared a quarterly dividend of $0.3175 per share, payable September 25, 2025. The company posted net income of $166.5 million ($3.01 per diluted share), a 166.1% increase from Q2 2024.

Net premiums earned rose 10.6% to $1.37 billion, while catastrophe losses decreased significantly to $13 million from $125 million year-over-year. The combined ratio improved to 92.5% from 98.9%. The company provided detailed updates on the Palisades and Eaton wildfires, recording net catastrophe losses of approximately $359 million, offset by significant subrogation recoveries and reinsurance.

Investment performance showed improvement with net investment income before taxes increasing to $78.8 million, with an average annual yield of 4.7% before taxes.

Mercury Insurance (NYSE: MCY) has released its annual list of the most affordable new sedans and subcompact crossovers to insure for 2025-2026 models. The analysis, in its 10th year, considers factors such as claims history, repair costs, and vehicle safety records.

The top three most affordable vehicles to insure are the Volkswagen Golf R, Acura Integra, and Mazda 3. The list includes a diverse range of vehicles from entry-level premium cars to budget-friendly options like the Nissan Kicks and Kia K4, with many featuring improved fuel efficiency for cost-conscious consumers.

Mercury Insurance (NYSE: MCY) announced plans to prepare a homeowners insurance rate filing using the California Department of Insurance's newly approved Verisk Wildfire Model. This initiative follows Commissioner Ricardo Lara's Sustainable Insurance Strategy, aimed at expanding insurance coverage availability in California.

The company has already demonstrated progress by becoming the first insurer to write new policies in Paradise, CA - a town previously devastated by wildfires in 2018. CEO Gabriel Tirador emphasized that this science-based approach will enable Mercury to expand its homeowners insurance coverage areas throughout California.

Mercury Insurance (NYSE:MCY) has released a comprehensive vehicle maintenance checklist for college students and parents preparing for back-to-school travel. The guidance, shared by Product Management representative Justin Yoshizawa, emphasizes the importance of thorough vehicle inspection before long-distance travel to campus.

The checklist includes six key areas: full mechanical inspection, fluid level checks, tire maintenance, battery testing, air filter replacement, and addressing necessary repairs. The company emphasizes that these preventive measures can help avoid breakdowns, ensure safety, and prevent costly repairs during the journey to campus.