LOS ANGELES, Jan. 20, 2025 /PRNewswire/ -- Mercury General Corporation (the "Company" or "Mercury") is providing more information about the recent Southern California Wildfires, known as the Palisades and Eaton fires (collectively, the "Wildfires"), and the Company's reinsurance program. 

Most of the affected areas are closed due to ongoing hazardous conditions. The Company has received many claims and is using aerial images to assist in determining whether properties are total losses. Claims continue to be reported, and Mercury has mobilized our catastrophe loss team, assisting our customers with their claims and replacement housing. As of the date of this press release, Mercury has already paid $80 million to policyholders primarily for living expenses and housing contents, and has started to pay out dwelling claims at the Coverage A limit for verified total losses. The Company has sufficient liquidity to meet the increased levels of payments.

Company Stands With Californians as They Begin Their Rebuilding Efforts

LOS ANGELES, Jan. 17, 2025 /PRNewswire/ -- Mercury Insurance is providing comprehensive support to its customers impacted by the ongoing Los Angeles area wildfires. The company is prioritizing the timely handling of claims, providing immediate financial support, and helping insureds through the claims process.

Immediate Payments: The company has already begun disbursing additional living expenses and claims payment advances to those affected by the fires.24/7 Access to Claims Filing: Customers can easily file a claim through the online portal anytime, day or night. For those needing additional support, the claims hotline is available 24/7 at 800-503-3724.Personalized Agent Support: Customers who work with a Mercury agent can contact them for one-on-one assistance throughout the claims process.Claims Guide & Checklist: Mercury has provided a detailed step-by-step guide to walk customers through the entire claims process. They also have a helpful checklist for customers working to document the contents of their home.In-Person AssistanceMercury Insurance Mobile Claims Assistance Center Pop-up: Mercury Insurance will have claims professionals on site at The Shops at Santa Anita, 400 S. Baldwin Ave., Arcadia, to help customers file claims and answer questions. Check the Mercury Insurance website and social media accounts for updates and availability.California Department of Insurance Workshops: The Commissioner's Office will also host multiple insurance workshops in both Santa Monica and Pasadena, and Mercury will have staff in attendance. The workshops give affected insureds an opportunity to talk with Mercury claims professionals and staff from the CDI.Santa Monica CollegePerforming Arts Center East Wing1310 11th StreetSanta Monica, CA 90401Saturday, January 18th, 2025: 10am to 5pmSunday, January 19th, 2025: 10am to 1pmPasadena City College1570 East Colorado Blvd.Pasadena, CA. 91106Saturday, January 25th, 2025: 10am to 5pmSunday, January 26th, 2025: 10am to 1pmDisaster Recovery Centers: The county is also hosting these DRCs, where fire survivors can get assistance with paperwork and get questions answered about relief from FEMA and LA County. Centers are open from 9am to 8pm.Palisades FireUCLA Research Park West10850 West PicoLos Angeles, CA. 90064Eaton FirePasadena City CollegeCommunity Education Center3035 East Foothill Blvd.Pasadena, CA. 91107

Company prepared to assist policyholders who have suffered home or auto loss; need living expenses reimbursement; or to file a claim for covered losses

LOS ANGELES, Jan. 8, 2025 /PRNewswire/ -- The recent Santa Ana wind conditions have sparked wildfires across Southern California, forcing local authorities to issue mandatory evacuation orders for tens of thousands of residents across the region. Mercury Insurance is prepared to assist homeowner, renter and auto policyholders who have had to evacuate in response to those orders or whose property has suffered fire damage. Affected areas include the Palisades Fire - Pacific Palisades; Eaton Fire - Alta Dena; the Hurst Fire – Sylmar; and the Woodley Fire - Sepulveda Basin (San Fernando Valley).

Innovative City Planning and State Officials' Leadership Pave the Way for Mercury Insurance to Begin Offering Homeowners Coverage to Paradise Residents in the Wake of Catastrophic Wildfire

PARADISE, Calif., Jan. 7, 2025 /PRNewswire/ -- Mercury Insurance (NYSE: MCY), a leading provider of property and casualty insurance, announced today that the company will begin writing new homeowners insurance policies in the town of Paradise, CA. Mercury is the first major insurance company to begin offering policies to Paradise homeowners since the town was engulfed by the "Camp Fire" in November 2018.

Mercury Insurance and Ducks Launch Pro Tip Trivia Game to Provide Fans with Helpful Life Pro Tips; Winners Will Receive Ducks Jerseys 

LOS ANGELES, Dec. 18, 2024 /PRNewswire/ -- How often should you reapply your sunblock? Every five hours, two hours or 30 minutes? If you know the answer, you have what it takes to be a winner in Mercury Insurance Pro Tip Trivia!

This season, Mercury (NYSE: MCY) and the Anaheim Ducks are teaming up to elevate fan engagement with a new, interactive trivia game that promises to reward fans at the Honda Center and beyond.

Mercury's New Umbrella Insurance Better Protects Arizonans' Personal Wealth Against Bodily Injury Claims

LOS ANGELES, Dec. 16, 2024 /PRNewswire/ -- Multi-vehicle crashes, dog bites or a delivery person being injured on your property are some of the unexpected events that are putting Arizonans' personal financial health at risk. In fact, bodily injury payouts continue to climb year over year since the pandemic started, with the average amount for a liability claim increasing by 35%, according to Mercury Insurance (NYSE: MCY). 

New Initiative Celebrates Everyday Champions Making a Positive Impact in Los Angeles

LOS ANGELES, Nov. 19, 2024 /PRNewswire/ -- Mercury Insurance, in partnership with the Los Angeles Kings, has launched the Hockeywood Wall of Fame – a dynamic initiative dedicated to honoring the unsung heroes of our vibrant Los Angeles community. Housed at the Toyota Sports Performance Center, the wall was officially unveiled at a launch event on Sunday, Nov. 17,* which featured LA Kings stars Anze Kopitar, Trevor Lewis and Kevin Fiala, as well as executives from Mercury Insurance and the LA Kings, who inducted the inaugural members, including Kendal Troutman, founder of Thru Guidance Ministries and 24 Degrees of Color.  

As cooler weather approaches, homeowners are encouraged to take steps to ensure their homes are ready for the changing season

LOS ANGELES, Nov. 13, 2024 /PRNewswire/ -- With fall upon us, homeowners may find themselves busy with seasonal chores such as raking leaves and putting away summer furniture. However, it's also a crucial time to prepare your home for the cooler months ahead and reduce potential risks associated with the season. Mercury Insurance (NYSE: MCY) has compiled a list of important home maintenance tips to help homeowners safeguard their property and enjoy a worry-free autumn.

Company prepared to assist policyholders who have suffered home or auto loss, need living expenses reimbursement or to file a claim for covered losses

LOS ANGELES, Nov. 8, 2024 /PRNewswire/ -- The recent Santa Ana wind conditions have sparked a wildfire across Camarillo, forcing local authorities to issue mandatory evacuation orders for more than 10,000 residents in that Southern California community. Mercury Insurance is prepared to assist homeowner, renter and auto policyholders who have had to evacuate in response to those orders or whose property has suffered fire damage.

New Activations Bring the Game Alive for Fans at the Game and at Home

LOS ANGELES, Nov. 7, 2024 /PRNewswire/ -- Mercury Insurance (NYSE: MCY) is making sure that no Los Angeles Kings fan is left behind this season, launching a wave of exciting new activations with big fan rewards that include game tickets and even a brand new home jersey. And for the first time, all of this happens for the fans inside Crypto.com Arena AND those watching at home.

"For Kings fans, being in Crypto.com Arena can turn into an unforgettable experience, full of emotion and amazing moments shared with family, friends or even the random person sitting next to you," said Erik Thompson, VP & CMO, Mercury Insurance. "We're thrilled to bring fans even closer to the Kings this season with new ways to connect, whether they're watching in the arena or from home."

Mercury to Launch New Offer to Reward and Include Every Fan

LOS ANGELES, Oct. 30, 2024 /PRNewswire/ -- Mercury Insurance (NYSE: MCY) and the Anaheim Ducks are thrilled to announce the revival of their popular Get a Quote/Get 2 Tickets promotion, aimed at giving more fans the chance to see a game at Honda Center this season. Not only could fans save money while enjoying the thrill of live hockey, but the two organizations have also added an exciting new twist to this beloved promotion.

Launching in November, the program rewards fans who complete an online Mercury auto insurance quote with two tickets to an upcoming Ducks game. This season, however, Mercury will also donate two additional tickets to the Anaheim Ducks Foundation, which will be distributed to fans who may not have the means to purchase tickets so they can experience the excitement of live Ducks hockey.

LOS ANGELES, Oct. 29, 2024 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today for the third quarter of 2024:

Consolidated Highlights

Three Months Ended September 30,

Change

Nine Months Ended September 30,

Change

2024

2023

$

%

2024

2023

$

%

(000's except per-share amounts and ratios)

Net premiums earned 

$  1,320,652

$  1,090,311

$  230,341

21.1

$  3,723,355

$  3,129,483

$  593,872

19.0

Net premiums written (1) 

$  1,422,933

$  1,206,503

$  216,430

17.9

$  4,063,377

$  3,332,049

$  731,328

21.9

Net realized investment gains (losses), net of tax (2)

$    90,412

$   (71,101)

$  161,513

NM

$  122,873

$   (48,010)

$  170,883

NM

Net income (loss) (3)

$  230,856

$    (8,227)

$  239,083

NM

$  366,886

$   (95,058)

$  461,944

NM

Net income (loss) per diluted share (3)

$       4.17

$      (0.15)

$       4.32

NM

$       6.63

$      (1.72)

$       8.35

NM

Operating income (loss) (1) (3)

$  140,444

$    62,874

$    77,570

123.4

$  244,013

$   (47,048)

$  291,061

NM

Operating income (loss) per diluted share (1) (3)

$       2.54

$       1.14

$       1.40

122.8

$       4.41

$      (0.85)

$       5.26

NM

Catastrophe losses net of reinsurance (4)

$    39,000

$    33,000

$     6,000

18.2

$  236,000

$  223,000

$    13,000

5.8

Combined ratio (5)

93.6 %

98.6 %

—

      (5.0)   pts

97.6 %

107.9 %

—

        (10.3)        pts

Top Home and Auto Safety Tips to Keep in Mind Ahead of the Spooky Season

LOS ANGELES, Oct. 28, 2024 /PRNewswire/ -- Ghosts, goblins and ghouls will soon be taking to the streets as Halloween festivities commence. Mercury Insurance (NYSE: MCY) wants to help keep you, your loved ones and your property safe to avoid any unnecessary scares that might be lurking.

"Halloween is a great time to gather with friends and family, but it can also wreak havoc on your home and property if you aren't prepared," said Bonnie Lee, vice president of property claims at Mercury Insurance. "Homeowners should stay vigilant by taking precautionary measures around their homes and checking their policies to ensure they are updated."

LOS ANGELES, Oct. 8, 2024 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today that after the markets close on Tuesday, October 29, 2024, the Company will issue an earnings press release reporting its results for the third quarter of 2024, and will also file its quarterly report on Form 10-Q with the Securities and Exchange Commission. The earnings press release should be read in conjunction with the Company's quarterly report on Form 10-Q.

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 http://www.mercuryinsurance.com.

Policyholders can report claims anytime at (800) 503-3724 or via Mercury's automated digital experience

LOS ANGELES, Sept. 27, 2024 /PRNewswire/ -- Mercury Insurance is ready to assist policyholders who have been impacted by Hurricane Helene in Georgia. Customers can report damages and losses anytime through Mercury's claims hotline at (800) 503-3724 or digitally by visiting https://www.mercuryinsurance.com/claims/residence-claim.html.

"We recognize that the recovery process after a hurricane such as Helene can be a difficult and emotional time. However, the Mercury claims team is here for our Georgia customers impacted by the severe weather," says Bonnie Lee, Vice President, Property Claims at Mercury Insurance.

Policyholders can report claims anytime at (800) 503-3724 or via Mercury's automated digital experience

LOS ANGELES, Sept. 27, 2024 /PRNewswire/ -- Mercury Insurance is ready to assist policyholders who have been impacted by Hurricane Helene across the Florida Panhandle area. Customers can report damages and losses anytime through Mercury's claims hotline at (800) 503-3724 or digitally by visiting https://www.mercuryinsurance.com/claims/residence-claim.html.

"We recognize that the recovery process after a hurricane such as Helene can be a difficult and emotional time. However, the Mercury claims team is here for our Florida customers impacted by the severe weather," says Kevin Quinn, Vice President, Auto Claims at Mercury Insurance.

Mercury Recognized by Publication for Workplace Culture for the First Time

LOS ANGELES, Sept. 25, 2024 /PRNewswire/ -- Mercury Insurance has been named by U.S. News & World Report as one of the 2024-25 Best Companies to Work For. The recognition by the national publication is a first for Mercury.

"We are deeply honored to be recognized as one of the top companies in the country by U.S. News & World Report. It's a reflection of our dedication to evolving with our team members' needs," stated Heidi Sullivan Lopez, Vice President, Chief Human Capital Officer for Mercury. "We prioritize our people's growth and well-being, ensuring they have the resources to thrive both personally and professionally. Seeing so many of our team members choose to stay with us for years is a testament to the supportive environment we've built—one that feels more like a family than just a workplace."

EVs Offer Lower Operating Costs Compared With ICE and Hybrid Vehicles, but Cost More to Insure

LOS ANGELES, Sept. 23, 2024 /PRNewswire/ -- With a variety of powertrain options on the market, consumers who are shopping for a new vehicle have a lot to mull over these days. Buy another internal combustion engine (ICE) vehicle? Go fully electric? What about a hybrid? Regardless of vehicle type, it's important for shoppers to understand the total cost of ownership before making a commitment, as this will help minimize unexpected expenses and headaches down the road. 

Mercury's New Umbrella Insurance Better Protects Illinoisans' Personal Wealth Against Bodily Injury Claims

LOS ANGELES, Sept. 3, 2024 /PRNewswire/ -- Multi-vehicle crashes, dog bites or a delivery person being injured on your property are some of the unexpected events that are putting Illinoisans' personal financial health at risk. In fact, bodily injury payouts have continued to climb year over year since the start of the pandemic, with the average amount for a liability claim increasing by 35%, according to Mercury Insurance (NYSE: MCY). 

Dr. Zhiyun Li will serve as the Mercury Insurance Climate Economist at UCLA Anderson Forecast, providing insight into the economic impact of climate change in California and its implications on the insurance business

LOS ANGELES, July 16, 2024 /PRNewswire/ -- Mercury Insurance (NYSE: MCY), a leading provider of property and casualty insurance, has announced a strategic partnership with the UCLA Anderson Forecast to spearhead research into the growing impact and implications of climate change on the California economy. The results of the effort will help create a roadmap for California — and California-based businesses like Mercury — to support Californians living with increased risk from the impacts of extreme climate events.