Mercury Insurance and Olympus Insurance Partner to Expand Auto and Home Bundling in Florida and Unlock New Savings

Rhea-AI Summary

Mercury Insurance (NYSE: MCY) and Olympus Insurance launched a statewide Florida partnership on May 7, 2026 to expand bundled auto and homeowners insurance. Eligible customers may receive 10% off Mercury auto and 10% off qualifying Olympus homeowners policies. Participating independent agents get training, resources, and tools and are directed to the Mercury Agent Onboarding Portal for appointments.

News Market Reaction – MCY

+2.07%

+2.07% Session close to close

In the May 7 session, MCY gained 2.07%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement adds a Florida-focused bundling partnership that offers 10% discounts on both Merc...

Analysis

This announcement adds a Florida-focused bundling partnership that offers 10% discounts on both Mercury auto and Olympus homeowners policies, expanding MCY’s distribution tools for independent agents. In the past, partnership headlines have produced modest average moves of 0.98%, and the company recently reported Q1 2026 net income of $190.4M with a combined ratio of 89.3%. Investors may watch adoption of the bundle, agent engagement, and any impact on premiums and loss ratios in Florida.

Key Figures

Mercury auto discount: 10% off Olympus home discount: 10% off Net income: $190.4M +5 more

8 metrics

Mercury auto discount 10% off Eligible Mercury auto policies in new Florida bundle

Olympus home discount 10% off Eligible Olympus homeowners policies in bundle

Net income $190.4M Q1 2026 net income from recent 10-Q/8-K

Net premiums earned $1.45B Q1 2026, up from $1.28B prior year

Total revenues $1.54B Q1 2026 revenue reported in 10-Q

GAAP combined ratio 89.3% Q1 2026 from 8-K, improved from 119.2%

Catastrophe losses $93.0M Q1 2026 catastrophe losses net of reinsurance

Quarterly dividend $0.3175 per share Declared for payment on June 25, 2026

Previous Partnership Reports

4 past events · Latest: May 28 (Positive)

Same Type Pattern 4 events

Date	Event	Sentiment	24h Move	Catalyst
May 28	Community partnership	Positive	-1.6%	Expanded Community Rockstars program with iHeartRadio and venue sponsorship perks.
Jul 29	Community campaign	Positive	+0.6%	Launched Community Rockstars partnership with iHeart Radio honoring local heroes.
Jul 16	Climate research deal	Positive	+2.9%	Partnered with UCLA Anderson Forecast to study climate change and insurance impacts.
May 09	Market support pact	Positive	+2.0%	Collaboration with Tokio Marine America to support Californians facing non-renewals.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Partnership headlines for MCY have usually corresponded with modest positive price moves, though one past partnership update saw a negative reaction.

Recent Company History

Over the past year, MCY has issued several partnership-tagged announcements, from community-focused collaborations with iHeartRadio in 2024–2025 to research on climate risk with UCLA Anderson and a transition agreement helping Californians facing non-renewals. These prior partnership updates produced mixed but generally positive price reactions, with three events showing gains between 0.62% and 2.89% and one decline of 1.59%. Today’s Florida bundling partnership fits this pattern of distribution- and brand-focused collaborations.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Joint program delivers meaningful savings and expanded coverage options while equipping independent agents with more ways to serve their customers

LOS ANGELES, May 7, 2026 /PRNewswire/ -- Mercury Insurance (NYSE: MCY) and Olympus Insurance today announced a new partnership designed to expand access to bundled auto and homeowners insurance for customers across Florida, while equipping independent agents with more ways to deliver those solutions. Launching statewide today, the joint offering brings together Mercury's strength in auto insurance with Olympus' Florida-focused homeowners coverage to create a more convenient and comprehensive insurance solution, while giving agents additional tools to better serve their clients.

Through the program, agents can offer Mercury auto insurance alongside qualifying Olympus homeowners coverage, creating a straightforward path to bundled protection and available discounts. Eligible customers may qualify for savings, including 10% off Mercury auto policies and 10% off eligible Olympus homeowners policies.

"This partnership reflects our deep commitment to growing in Florida and investing in the agents who are growing with us," said Nick Colby, Chief Sales Officer at Mercury Insurance. "We're making it easier for agents to deliver more value to their customers through bundled coverage, helping them access meaningful savings while ensuring they have the protection they need."

Florida remains one of the nation's most dynamic insurance markets, with continued demand for reliable, competitively priced coverage. This partnership expands bundled options available through independent agents, allowing more Floridians to benefit from simplified purchasing, coordinated coverage, and increased convenience.

"This collaboration unites two established insurers with a shared commitment to service, financial strength, and agent partnerships," said Adam Cordonnier, Vice President of Revenue and Growth at Olympus Insurance. "By pairing Mercury's auto expertise with our homeowners products tailored specifically for Florida, we're delivering more complete protection with fewer gaps and greater overall value for consumers."

Participating agents will receive ongoing training, resources, and support to help ensure a seamless customer experience and increase awareness of bundled coverage opportunities.

For agents, the partnership offers a clear opportunity to:

• Provide customers with more complete auto and home insurance solutions
• Simplify access to bundled policies and eligible discounts
• Strengthen customer relationships through enhanced protection and value

For agencies interested in an appointment, please visit the Mercury Insurance Agent Onboarding Portal.

About Olympus Insurance Company
Olympus Insurance Company has been a trusted provider of residential property insurance for Florida homeowners since 2007. Specializing in coverage for homes, condos, rental properties, and personal property, Olympus is built on a foundation of disciplined underwriting, strong capital management, and best in class service. The company partners with an extensive network of independent agents to deliver comprehensive, Florida focused insurance solutions. Olympus is part of the SageSure family of companies following SageSure's acquisition of the insurer earlier this year. For more information, visit www.olympusinsurance.com.

About Mercury Insurance
Mercury Insurance (NYSE: MCY) is a multiple-line insurance carrier predominantly offering personal auto, homeowners, renters and commercial insurance through a network of independent agents in Arizona, California, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas and Virginia, as well as auto insurance in Florida. Mercury writes other lines of insurance in various states, including commercial, business owners and business auto, landlord, home-sharing, ride-hailing and mechanical protection insurance.

Since 1962, Mercury has provided customers with tremendous value for their insurance dollar by pairing ultra-competitive rates with excellent customer service, through more than 4,200 employees and a network of more than 6,340 independent agents in 11 states. Mercury has earned an "A" rating from A.M. Best, as well as "Best Auto Insurance Company" designations from Forbes and Insure.com. For more information visit www.MercuryInsurance.com or follow the company on Instagram or Facebook.

View original content to download multimedia:https://www.prnewswire.com/news-releases/mercury-insurance-and-olympus-insurance-partner-to-expand-auto-and-home-bundling-in-florida-and-unlock-new-savings-302765316.html

SOURCE Mercury Insurance

FAQ

What did Mercury Insurance (MCY) and Olympus announce about bundled policies in Florida on May 7, 2026?

They announced a statewide partnership to offer bundled auto and homeowners insurance in Florida. According to Mercury Insurance, eligible customers may qualify for 10% off Mercury auto and 10% off qualifying Olympus homeowners policies, with agents given training and support.

How much discount can eligible Florida customers get from the MCY and Olympus homeowners bundle?

Eligible customers may receive 10% off each bundled policy: auto and homeowners. According to Mercury Insurance, the program pairs Mercury auto with qualifying Olympus homeowners coverage, creating a simple path to bundled discounts via independent agents.

How can independent agents participate in the Mercury and Olympus Florida bundling program?

Agents can enroll through the Mercury Insurance Agent Onboarding Portal for appointments and resources. According to Mercury Insurance, participating agents will receive ongoing training, materials, and support to market bundled auto and homeowners solutions across Florida.

Which products are included in the Mercury and Olympus Florida partnership for MCY shareholders?

The program pairs Mercury auto insurance with qualifying Olympus Florida homeowners policies for bundled purchase. According to Mercury Insurance, the collaboration aims to expand access to coordinated coverage, simplified purchasing, and agent-delivered discounts across Florida.

Will the Mercury and Olympus partnership affect coverage availability across Florida immediately?

The partnership launches statewide immediately, expanding bundled options for Floridians through independent agents. According to Mercury Insurance, the joint offering combines Mercury auto expertise with Olympus homeowners products tailored for Florida to broaden consumer access.