Mercury General Corporation is a multiple-line insurance organization that offers personal automobiles, homeowners, renters, and business insurance. Mercury's primary focus is automobiles and homeowners' insurance. Founded in 1961 and located in Los Angeles, Mercury has assets of over $4 billion, employs 4,500 people and more than 8,000 independent agents in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas, and Virginia.3 Its shares trade on NYSE under the symbol MCY.1Wikipedia text CC BY-SA 4.0
$102.41up 0.02 (0.02%)Price as of Oct 15, 2026 at 17:33 UTC
Mercury General Corporation is a multiple-line insurance organization that offers personal automobiles, homeowners, renters, and business insurance. Mercury's primary focus is automobiles and homeowners' insurance.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Revenue1112131410$6.0B in 2025+51% since 2019Net income1112131410$541.1M in 2025+69% since 2019
Revenue151617$1.7B in Q2 FY2026+6% since Q3 FY2025Net income151617$263.5M in Q2 FY2026−6% since Q3 FY2025
Every line of the income statement as filed: the last 3 fiscal years, latest first.10
Period ending
2025-12-31
2024-12-31
2023-12-31
Net premiums earned
$5.5B
$5.1B
$4.3B
Net investment income
$328.7M
$280.0M
$234.6M
Net realized investment gains
$131.4M
$88.7M
$101.0M
Other
$26.8M
$31.5M
$19.6M
Total revenues
$6.0B
$5.5B
$4.6B
Losses and loss adjustment expenses
$4.0B
$3.7B
$3.5B
Policy acquisition costs
$942.9M
$858.3M
$708.5M
Other operating expenses
$394.2M
$327.2M
$279.7M
Interest
$28.6M
$30.8M
$24.2M
Total expenses
$5.3B
$4.9B
$4.5B
Income before income taxes
$663.6M
$574.9M
$99.4M
Income tax expense
$122.6M
$106.9M
$3.1M
Net income
$541.1M
$468.0M
$96.3M
Basic (in dollars per share)
$9.77
$8.45
$1.74
Diluted (in dollars per share)
$9.77
$8.45
$1.74
No quarter-by-quarter statement was filed.
Total assets181112131410$9.6B in 2025+62% since 2019Total liabilities181112131410$7.1B in 2025+75% since 2019Shareholders’ equity1112131410$2.4B in 2025+34% since 2019Cash12131410$1.3B in 2025+347% since 2019Long-term debt19181112131410$575.0M in 2025+53% since 2019
Total assets151617$10.5B in Q2 FY2026+12% since Q3 FY2025Total liabilities151617$7.7B in Q2 FY2026+8% since Q3 FY2025Shareholders’ equity151617$2.8B in Q2 FY2026+27% since Q3 FY2025Cash151617$1.7B in Q2 FY2026+36% since Q3 FY2025Long-term debt17$943.8M in Q2 FY2026+64% since Q2 FY2025
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.10
Mercury Insurance Group sits at the top of its group. 24 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
VANGUARD GROUP INCFiled SCHEDULE 13G/A on Mercury Insurance Group, latest Mar 27, 2026 (3 filings since Feb 9, 2023)
BlackRockFiled SCHEDULE 13G/A on Mercury Insurance Group, latest Apr 17, 2025 (6 filings since Jan 24, 2023)
Mercury Insurance GroupLos Angeles, California, United States
AIS Management LLC Subsidiary · California, United States
American Mercury Insurance Company Subsidiary · Oklahoma, United States
Animas Funding LLC Subsidiary · Delaware, United States
Auto Insurance Specialists LLC Subsidiary · California, United States
California Automobile Insurance Company Subsidiary · California, United States
California General Underwriters Insurance Company, Inc. Subsidiary · California, United States
Fannette Funding LLC Subsidiary · Delaware, United States
Mercury (Shanghai) Information Technology Services Co., Ltd. Subsidiary · China
Mercury Casualty Company Subsidiary · California, United States
Mercury County Mutual Insurance Company Subsidiary · Texas, United States
Mercury Indemnity Company of America Subsidiary · Florida, United States
Mercury Indemnity Company of Georgia Subsidiary · Georgia, United States
Mercury Information Technology Services LLC Subsidiary · California, United States
Mercury Insurance Company Subsidiary · California, United States
Mercury Insurance Company of Georgia Subsidiary · Georgia, United States
Mercury Insurance Company of Illinois Subsidiary · Illinois, United States
Mercury Insurance Company of Texas Subsidiary · Texas, United States
Mercury Insurance Services LLC Subsidiary · California, United States
Mercury Plus Insurance Services LLC Subsidiary · California, United States
Mercury Select Management Company, Inc. Subsidiary · Texas, United States
Orion Indemnity Company Subsidiary · California, United States
PoliSeek AIS Insurance Solutions, Inc. Subsidiary · Illinois, United States
Upper Animas Holdings, LLC Subsidiary · California, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Mercury Insurance Group reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
The Company owns the following buildings which support all business segments. Space not used by the Company may be leased to independent third party tenants.
Location · Purpose · Size inSquare Feet · Percent Leased to Third Parties atDecember 31, 2025
The rest of Item 2
Brea, CA · Home office and I.T. facilities · 80,000 · —
Los Angeles, CA · Executive offices · 41,000 · 5
The Company leases additional office space for operations. In addition, the Company owns 5.9 acres of land in Rancho Cucamonga, California. The Company’s properties are well maintained, adequately meet its needs, and are being utilized for their intended purposes.
Office location is not crucial to the Company’s operations. Most of its workforce works from home as a result of the "Mercury's My Workplace" policy that allows most of its employees to work from anywhere in the U.S.
Mercury was founded by George Joseph, who flew 50 World War II missions as a navigator before graduating from Harvard on the G.I. Bill in 1949. Joseph then spent more than a decade in the insurance industry before founding Mercury Insurance in 1961 as a low-cost alternative to larger insurance companies.
Mercury's California expansion began in 1964 with the opening of its first Orange County office. Two years later, the company spread into the San Fernando Valley and also began operations in San Diego. Mercury offices opened in Northern California by 1968. Mercury wrote $1 million in premiums every month by 1970 and sold its first homeowners policy in 1972. The newly created Mercury Insurance Company wrote its first auto policy in 1977.
In 1989, Mercury began expansion outside of California, opening offices in Georgia and Illinois. The company insured more than 1 million vehicles in California by 1998. This led to further expansion to Florida in 1998, New York in 2001, and Virginia in 2001.
Mercury provides personal auto insurance from collision, uninsured or underinsured motorist, and roadside assistance. The homeowners insurance includes the structure and belongings coverage. It may provide additional living expenses if policyholders are forced to vacate their homes due to a covered loss or peril. Its umbrella insurance is additional liability protection for personal auto and/or homeowners in the event losses exceed the underlying policy's liability limits.
The dwelling fire insurance is a policy for landlords to protect rental properties. Its extended warranty coverage, also known as mechanical protection, is Mercury's mechanical protection, which pays for covered vehicle repairs after the vehicle manufacturer's warranty expires.
Feb 11, 2025Reported quarterly or annual results83
Oct 29, 2024Reported quarterly or annual results84
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
167 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 35 major events, 76 insider forms, 10 large holders, 26 other. The latest 20:
12 open-market trades by officers, directors and large owners since October 2021: 11 buys and 1 sales. Grants, option exercises and gifts are left out.
BlackRockSCHEDULE 13G/A, 6 filings Jan 24, 2023 to Apr 17, 202587
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Mercury Insurance Group is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
From the cover page of the 10-K filed Feb 17, 2026 (Section 12(b) of the Exchange Act).20
Risk factors and legal proceedings
The risks Mercury Insurance Group names in Item 1A of its 10-K filed Feb 17, 2026: 47 risks under these headings, as written.20
Risks Related to the Company’s Business
The Company remains highly dependent upon California to produce revenues and operating profits.
Mercury General is a holding company that relies on regulated subsidiaries for cash flows to satisfy its obligations.
The Insurance Companies are subject to minimum capital and surplus requirements, and any failure to meet these requirements could subject the Insurance Companies to regulatory action.
The Company’s success depends on its ability to accurately underwrite risks and to charge adequate premiums to policyholders.
The Company’s insurance rates are subject to approval by the departments of insurance in most of the states in which the Company operates, and to political influences.
The effects of emerging claim and coverage issues on the Company’s business are uncertain and may have an adverse effect on the Company’s business.
Loss of, or significant restriction on, the use of credit scoring in the pricing and underwriting of personal lines products could reduce the Company’s future profitability.
If the Company cannot maintain its A.M. Best ratings, it may not be able to maintain premium volume in its insurance operations sufficient to attain the Company’s financial performance goals.
The Company may require additional capital in the future, which may not be available or may only be available on unfavorable terms.
Changes in market interest rates, defaults on securities and tax considerations may have an adverse effect on the Company’s investment portfolio, which may adversely affect the Company’s financial results.
The Company’s valuation of financial instruments may include methodologies, estimates, and assumptions that are subject to differing interpretations and could result in changes to valuations that may materially adversely affect the Company’s financial condition or results of operations.
The other 36 risks
Changes in the financial strength ratings of financial guaranty insurers issuing policies on bonds held in the Company’s investment portfolio may have an adverse effect on the Company’s investment results.
Deterioration of the municipal bond market in general or of specific municipal bonds held by the Company may result in a material adverse effect on the Company’s financial condition, results of operations, and liquidity.
If the Company’s loss reserves are inadequate, its business and financial position could be harmed.
There is uncertainty involved in the availability of reinsurance and the collectability of reinsurance recoverable.
There is uncertainty involved in the collectability of subrogation recoverable.
The failure of any loss limitation methods employed by the Company could have a material adverse effect on its financial condition or results of operations.
The Company’s business is vulnerable to significant catastrophic property loss, which could have an adverse effect on its financial condition and results of operations.
The Company depends on independent agents who may discontinue sales of its policies at any time.
The Company’s expansion plans may adversely affect its future profitability.
Any inability of the Company to realize its deferred tax assets, if and when they arise, may have a material adverse effect on the Company’s financial condition and results of operations.
The carrying value of the Company’s goodwill and other intangible assets could be subject to an impairment write-down.
Uncertain economic conditions may negatively affect the Company’s business and operating results.
Risks Related to the Company’s Industry
The private passenger automobile insurance industry is highly competitive, and the Company may not be able to compete effectively against larger or better-capitalized companies.
The Company may be adversely affected by changes in the private passenger automobile insurance industry.
The Company cannot predict the impact that changing climate conditions, including legal, regulatory and social responses thereto, may have on its business.
Changes in federal or state tax laws could adversely affect the Company’s business, financial condition, results of operations, and liquidity.
The insurance industry is subject to extensive regulation, which may affect the Company’s ability to execute its business plan and grow its business.
Transactions Between Insurance Companies and Their Affiliates.
Regulation of Insurance Rates and Approval of Policy Forms.
Restrictions on Cancellation, Non-Renewal or Withdrawal.
Regulation may become more restrictive in the future, which may adversely affect the Company’s business, financial condition, and results of operations.
Assessments and other surcharges for guaranty funds, second-injury funds, catastrophe funds, and other mandatory pooling arrangements may reduce the Company’s profitability.
The insurance industry faces litigation risks, which, if resolved unfavorably, could result in substantial penalties and/or monetary damages, including punitive damages. In addition, insurance companies incur material expenses defending litigation and their results of operations or financial condition could be adversely affected if they fail to accurately project litigation expenses.
Risks Related to Technology and Cybersecurity
The Company relies on its information technology systems, and those of its service providers, to manage many aspects of its business, and any failure of these systems to function properly or any interruption in their operation could result in a material adverse effect on the Company’s business, financial condition, and results of operations.
Cybersecurity risks and the failure to maintain the confidentiality, integrity, and availability of internal or policyholder systems and data could result in damages to the Company’s reputation and/or subject it to expenses, fines or lawsuits.
General Risk Factors
The Company is controlled by a small number of shareholders who will be able to exert significant influence over matters requiring shareholder approval, including change of control transactions.
Future equity or debt financing may affect the market price of the Company’s common stock and rights of the current shareholders, and the future exercise of options and granting of shares will result in dilution in the investment of the Company’s shareholders.
Applicable insurance laws may make it difficult to effect a change of control of the Company or the sale of any of its Insurance Companies.
Although the Company has consistently paid cash dividends in the past, it may not be able to pay or increase cash dividends in the future.
Changes in accounting standards issued by the Financial Accounting Standards Board (the "FASB") or other standard-setting bodies may adversely affect the Company’s consolidated financial statements.
The Company’s disclosure controls and procedures may not prevent or detect acts of fraud.
Failure to maintain an effective system of internal control over financial reporting may have an adverse effect on the Company’s stock price.
The ability of the Company to attract, develop and retain talented employees, managers and executives, and to maintain appropriate staffing levels, is critical to the Company’s success.
Pandemics, epidemics, widespread health emergencies, or outbreaks of infectious diseases could disrupt the Company's business and adversely affect its results of operations and financial condition.
High inflation levels could have adverse consequences for the Company, the insurance industry and the U.S. economy generally.
The Company's business, financial condition and results of operations could be adversely affected by geopolitical conflicts and related disruptions in the global economy, including the imposition of tariffs.
Legal proceedings
The Company is, from time to time, named as a defendant in various lawsuits or regulatory actions incidental to its insurance business. The majority of lawsuits brought against the Company relate to insurance claims that arise in the normal course of business and are reserved for through the reserving process. For a discussion of the Company’s reserving methods, see "Overview-C. Critical Accounting Estimates" in "Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations" and Note 1. Summary of Significant Accounting Policies, of the Notes to Consolidated Financial Statements in "Item 8. Financial Statements and Supplementary Data."
The Company also establishes accruals for estimated liabilities for non-insurance claims related lawsuits, regulatory actions, and other contingencies when the Company believes a loss is probable and is able to estimate its potential exposure. For loss contingencies believed to be reasonably possible, the Company also discloses the nature of the loss contingency and an estimate of the possible loss, range of loss, or a statement that such an estimate cannot be made. In addition, the Company accrues for anticipated legal defense costs associated with such lawsuits and regulatory actions. While actual losses may differ from the amounts recorded and the ultimate outcome of the Company’s pending actions is generally not yet determinable, the Company does not believe that the ultimate resolution of currently pending legal or regulatory proceedings, either individually or in the aggregate, will have a material adverse effect on its financial condition or cash flows.
