Mercury General Corp - Company Profile
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Mercury General Corpo (Mercury General) is primarily engaged in writing personal automobile insurance through its subsidiaries across multiple states, with a significant presence in California. The company offers a range of insurance products, including personal and commercial automobile, homeowners, commercial property, mechanical protection, and umbrella insurance. Mercury General's insurance policies are sold through a network of independent agents, as well as its wholly-owned agencies, AIS and PoliSeek. The company's products cater to individual and commercial clients, providing coverage for various risks associated with automobiles and properties. Mercury General utilizes a distribution network of independent agents and agencies, which are integral to its sales strategy. The company operates in several states and maintains branch offices in locations such as California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas, and internationally in Shanghai, China. Mercury General is headquartered in Los Angeles, California, the US.
Headquarters
United States of America
Address
4484 Wilshire Blvd, Los Angeles, California, 90010
Website
www.mercuryinsurance.com
Telephone
1 323 8574980
No of Employees
4,300
Industry
Financial Services
Ticker Symbol & Exchange
MCY (NYSE)
Revenue (2024)
$6.0B
9.4%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
15.6%
(2024 vs 2023)
Market Cap*
$5.4B
Net Profit Margin (2024)
XYZ
5.6%
(2024 vs 2023)
* As of and is in US$
Mercury General Corp premium industry data and analytics
Products and Services
| Products |
|---|
| Private Passenger Automobile Insurance |
| Commercial Automobile |
| Homeowners Insurance |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | New Products/Services | In August, Mercury Insurance released 10 affordable new 2026 model year electric and hybrid vehicles to insure. |
| 2026 | Financing Agreements | In May, Mercury Insurance made a strategic investment in BurnBot to advance wildfire mitigation and support insurance affordability and availability in California. |
| 2026 | Contracts/Agreements | In May, Mercury Insurance partnered with Olympus Insurance to expand auto-home bundling across Florida, offering eligible customers multi-policy discounts. |
Competitor Comparison
| Key Parameters | Mercury General Corp | W. R. Berkley Corp | Cincinnati Financial Corp | American Financial Group Inc | The Hanover Insurance Group Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Los Angeles | Greenwich | Fairfield | Cincinnati | Worcester |
| State/Province | California | Connecticut | Ohio | Ohio | Massachusetts |
| No. of Employees | 4,300 | 8,804 | 5,705 | 8,500 | 4,900 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Gabriel Tirador | Chairman; Chief Executive Officer | Executive Board | 2026 | 61 |
| Victor G. Joseph | Chief Operating Officer; Director; President | Executive Board | 2024 | 39 |
| Theodore R. Stalick | Chief Financial Officer; Senior Vice President | Senior Management | 2013 | 62 |
| Wilson Pang | Chief Technology Officer; Vice President | Senior Management | 2023 | 49 |
| Erik Thompson | Chief Marketing Officer; Vice President | Senior Management | - | 57 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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