Headquartered in Los Angeles, CA Fiscal year ends December NYSE: MCY mercuryinsurance.com
Mercury General Corporation is a multiple-line insurance organization that predominantly offers personal automobile and homeowners insurance. The company distributes its products through a network of independent producers and direct-to-consumer sales channels across many U.S. states. Its subsidiary operations also include commercial automobile insurance and other smaller insurance lines. Mercury General is publicly traded on the NYSE under the ticker MCY. The company manages a substantial investment portfolio alongside its insurance operations, with investments held at fair value under GAAP. It utilizes catastrophe reinsurance programs to manage exposure to large-scale natural disaster losses. Updated
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Mercury General Corporation is a multiple-line insurance organization that predominantly offers personal automobile and homeowners insurance. The company distributes its products through a network of independent producers and direct-to-consumer sales channels across many U.S. states.
The Wall Street consensus 12-month price target for MCY is $120.00.
