MERCURY GENERAL CORP (MCY)
Financials · Personal auto insurance · NYSE
Mercury General is a California-focused auto insurance company generating 85% of premiums from the state through direct and independent agent channels.
What MERCURY GENERAL CORP does
Mercury General is a holding company that operates through regulated insurance subsidiaries, primarily writing personal auto insurance in California and select other states. The company generates revenue through net premiums earned, net investment income, and realized investment gains. For Q1 2026, the company earned $1.45 billion in net premiums and reported a 13.7% net margin with strong profitability recovery after prior-year losses.
Themes: ["Auto insurance / personal lines","California-concentrated regional insurer","Underwriting discipline and rate adequacy","Investment income"]
Fundamentals
- Price$109.79 as of 2026-07-09 close
- Market cap$6.1B as of 2026-07-10
- 1-year return+66.4% as of 2026-07-09 close
- P/E7.29 as of 2026-07-10
- Net margin+13.7% as of 2026-07-10
- ROE+36.5% as of 2026-07-10
- Debt / equity0.22 as of 2026-07-10
- Revenue growth (YoY)+9.7% as of 2026-07-10
- Revenue CAGR (3y)+18.0% SEC XBRL
- Beta0.94 as of 2026-07-10
Dividend: yield +1.2%; 3-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
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Competitors & peers
- State Farm Mutual Automobile Insurance
- Allstate Corporation
- GEICO (Berkshire subsidiary)
- Progressive Corporation
- Nationwide Mutual Insurance
- American Family Insurance
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.