Overview
Mercury General
Mercury General Corporation (Mercury General) is primarily engaged in writing personal automobile insurance through a dozen of insurance subsidiaries in around 10 states, principally California. The company also writes homeowners, commercial automobile, commercial property, mechanical protection, and umbrella insurance. The company's insurance policies are mostly sold through independent agents who receive a commission for selling policies. The company
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Read More believes that it has thorough underwriting and claims handling processes that, together with its agent relationships, provide the company with competitive advantages. The company is a California automobile insurer founded in 1961 by George Joseph, the company's chairman of the Board of Directors.
Read Less
Read More believes that it has thorough underwriting and claims handling processes that, together with its agent relationships, provide the company with competitive advantages. The company is a California automobile insurer founded in 1961 by George Joseph, the company's chairman of the Board of Directors.
Read Less
#
675
Fortune 1000 Revenue Rank
Gabriel Tirador
See more contacts
Insurance Carriers
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Agencies, Brokerages, and Other Insurance Related Activities
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Insurance Carriers and Related Activities
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Finance and Insurance
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Automobile insurance
See All Industries , Property damage insurance , Fire, marine and casualty insurance and carriers Insurance agents, brokers, and service
See Fewer Industries
See All Industries , Property damage insurance , Fire, marine and casualty insurance and carriers Insurance agents, brokers, and service
See Fewer Industries
Activities Related to Credit Intermediation
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Agencies, Brokerages, and Other Insurance Related Activities
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Depository Credit Intermediation
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Insurance and Employee Benefit Funds
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Monetary Authorities-Central Bank
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Nondepository Credit Intermediation
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Other Financial Investment Activities
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Other Investment Pools and Funds
View more , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
View fewer
View more , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
View fewer
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Modelled
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Actual
$5.48 billion
Actual
18.27%
385.75%
$8,310
DEC
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NYSE:MCY
Contacts
Get in Touch with 6 Principals* and 242 Contacts
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Gabriel TiradorChief Executive Officer
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$5.48 billion
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $1,037 | $453 | $353 |
| Net Investing Cash | -$797 | -$295 | -$316 |
| Net Financing Cash | -$71 | $104 | -$82 |
| Net Change in Cash | $169 | $261 | -$46 |
| Cash at Beginning of Period | $551 | $290 | $336 |
| Cash at End of Period | $720 | $551 | $290 |
| Capital Expenditure | -$46 | -$37 | -$36 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $720 | $551 | $290 |
| Accounts Receivable | $719 | $634 | $592 |
| Inventories | $ | $ | $ |
| Other Current Assets | $ | $ | $ |
| Asset Summary | |||
| Total Current Assets | $ | $ | $ |
| Tangible Fixed Assets | $152 | $166 | $192 |
| Intangible Assets | $8 | $8 | $9 |
| Total Assets | $8,311 | $7,103 | $6,514 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $242 | $175 | $152 |
| Short-Term Debt | $ | $ | $ |
| Other Current Liabilities | $ | $ | $ |
| Liability Summary | |||
| Total Current Liabilities | $ | $ | $ |
| Long-Term Debt | $574 | $574 | $398 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $6,364 | $5,555 | $4,992 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $100 | $99 | $99 |
| Retained Earnings | $1,847 | $1,449 | $1,423 |
| Equity Summary | |||
| Total Equity | $1,947 | $1,548 | $1,522 |
| Shares Outstanding | 55,389,000 | 55,371,127 | 55,371,000 |