Mercury General Corporation Announces Dual Listing on NYSE Texas

Rhea-AI Summary

Mercury General Corporation (NYSE: MCY) announced a dual listing of its common stock on NYSE Texas, effective January 15, 2026. The company will retain its primary listing on the New York Stock Exchange and will trade under the same MCY ticker on NYSE Texas.

Management cited a significant business footprint in Texas—more than 7% of total direct written premiums in recent years—as a rationale for the move and said the dual listing reaffirms support for Texas capital markets while aiming to enhance shareholder value.

Positive

• Dual listing on NYSE Texas effective January 15, 2026
• Maintains primary NYSE listing and keeps MCY ticker
• Texas generates more than 7% of direct written premiums

Negative

• None.

News Market Reaction

+1.10%

1 alert

+1.10% News Effect

On the day this news was published, MCY gained 1.10%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Texas premium mix: more than 7% Net income: $280.4 million Diluted EPS: $5.06 +5 more

8 metrics

Texas premium mix more than 7% Share of total direct written premiums generated in Texas in recent years

Net income $280.4 million Q3 2025 net income as reported in 10-Q

Diluted EPS $5.06 Q3 2025 diluted EPS as reported in 10-Q

Total revenues $1.585 billion Q3 2025 total revenues

Net premiums earned $1.410 billion Q3 2025 net premiums earned

Net investment income $84.0 million Q3 2025 net investment income

Cash balance $1.253 billion Cash at September 30, 2025 (vs. $720.3M at Dec 31, 2024)

Shareholders’ equity $2.232 billion Shareholders’ equity as of Q3 2025

Market Reality Check

Price: $93.47 Vol: Volume 188,699 vs 20-day ...

normal vol

$93.47 Last Close

Volume Volume 188,699 vs 20-day average 211,767 (relative volume 0.89), indicating subdued trading activity ahead of the announcement. normal

Technical Shares at $88.97 are trading above the 200-day MA of $73.97, and remain 7.8% below the 52-week high of $96.4999.

Peers on Argus

MCY fell 1.54% while key peers were mixed: SIGI -1.43%, HGTY -2.08%, KMPR -3.43%...

MCY fell 1.54% while key peers were mixed: SIGI -1.43%, HGTY -2.08%, KMPR -3.43%, LMND -7.37%, and WTM up 0.16%, suggesting stock-specific rather than broad sector-driven trading.

Historical Context

5 past events · Latest: Jan 12 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 12	Earnings schedule	Neutral	+0.8%	Announced date for Q4 2025 earnings release and 10-K filing.
Jan 08	Consumer guidance	Neutral	+1.7%	Shared steps for homeowners to reduce costly water damage risks.
Jan 06	Security tips	Neutral	-2.5%	Outlined simple home security resolutions to cut preventable losses.
Dec 30	Risk awareness	Neutral	+0.0%	Highlighted elevated home and auto risks in final December week.
Dec 23	Holiday safety tips	Neutral	-0.4%	Provided holiday home-safety measures to reduce seasonal hazards.

Pattern Detected

Recent MCY headlines have largely been informational or consumer-education focused, with relatively small and mixed price moves, indicating limited directional bias from routine news.

Recent Company History

Over the past few weeks, MCY has issued mainly educational and scheduling updates. On Dec 23, 2025 and Dec 30, 2025, it shared holiday and year-end safety tips with minimal price impact. Early January 2026 brought further homeowner guidance and water-damage prevention content, again with modest, mixed reactions. On Jan 12, 2026, the company announced its upcoming Q4 2025 results release on February 17, 2026. Against this backdrop of steady communications, the dual listing news adds a corporate-structure development rather than an operational or earnings change.

Market Pulse Summary

This announcement details MCY’s dual listing on NYSE Texas while maintaining its primary NYSE listin...

Analysis

This announcement details MCY’s dual listing on NYSE Texas while maintaining its primary NYSE listing and the MCY ticker. It highlights Texas as a strategic market, generating more than 7% of direct written premiums. In the background, Q3 2025 results showed net income of $280.4 million and diluted EPS of $5.06, supported by $1.585 billion in revenue and a cash balance of $1.253 billion. Investors may monitor the upcoming Q4 2025 report and trading dynamics across both venues.

Key Terms

dual listing, direct written premiums

2 terms

dual listing financial

"announced today a dual listing of its common stock on NYSE Texas"

A dual listing is when a company makes the same shares available on two different stock exchanges, often in different countries, so investors can buy and sell the same ownership stake in more than one market—like a shop opening branches in two cities that sell the same product. It matters to investors because it can widen the pool of buyers, make shares easier to trade, expose the stock to different currencies and rules, and create price differences or arbitrage opportunities that affect returns and risk.

direct written premiums financial

"with more than 7% of our total direct written premiums generated in Texas"

Direct written premiums are the total dollar value of insurance policies an insurer issues to customers before subtracting any reinsurance costs or adding premiums it assumes from other insurers. Think of it as the insurer’s gross sales of coverage, like a retailer’s store receipts before discounts or wholesaler adjustments. Investors watch this number to gauge a company’s sales growth, market share and the scale of its underwriting business.

AI-generated analysis. Not financial advice.

LOS ANGELES, Jan. 14, 2026 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) ("We") announced today a dual listing of its common stock on NYSE Texas, Inc. ("NYSE Texas"), a fully electronic equities exchange headquartered in Dallas, Texas, effective January 15, 2026.

"We have a significant business footprint in the Lone Star State, with more than 7% of our total direct written premiums generated in Texas in the past couple of years," said Gabriel Tirador, Chief Executive Officer of Mercury General Corporation. "This dual listing reaffirms our support for Texas' business-friendly capital market infrastructure and reinforces our long-standing relationship with the NYSE, while also enhancing shareholder value."

"We are thrilled to welcome Mercury General Corporation, a premier provider of property and casualty insurance that has been listed on the NYSE for over a quarter century, to the NYSE Texas community," said Bryan Daniel, President of NYSE Texas.

Mercury General Corporation will maintain its primary listing on the New York Stock Exchange and trade with the same "MCY" ticker symbol on NYSE Texas, Inc. We expect trading on NYSE Texas to commence on January 15, 2026.

About Mercury General Corporation

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 www.mercuryinsurance.com.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/mercury-general-corporation-announces-dual-listing-on-nyse-texas-302661158.html

SOURCE Mercury General Corporation

FAQ

When will Mercury General (MCY) begin trading on NYSE Texas?

Trading on NYSE Texas is expected to commence on January 15, 2026.

Will Mercury General (MCY) keep its NYSE listing after the NYSE Texas dual listing?

Yes. Mercury General will maintain its primary listing on the New York Stock Exchange while adding NYSE Texas.

What ticker will Mercury General use on NYSE Texas?

The company will trade on NYSE Texas with the same ticker: MCY.

Why did Mercury General add a dual listing on NYSE Texas?

Management cited a significant Texas presence, noting over 7% of direct written premiums were generated in Texas in recent years.

Does the NYSE Texas listing change Mercury General's corporate domicile or governance?

No change to corporate domicile or primary listing was announced; the action adds an additional trading venue only.

How might the NYSE Texas listing affect MCY liquidity for investors?

The announcement states the dual listing adds a second trading venue, which may broaden trading access for investors.