BNET Industries
Mercury General Corp. (MCY) is in the Financial Services Industry
- Revenue
- Dec 31 2007
- $3.1B
- Profit
- Dec 31 2007
- $237.8M
- Market Cap
- Dec 03 2008
- $2.4B
Latest News and Analysis
Mercury General Corp. Q3 2008 Earnings Call Transcript
Question-and-Answer Session[Operator Instructions]. Our first question comes from the line Meyer Shields from Stifel Nicolaus. Meyer Shields - Stifel Nicolaus & Co. Thanks, hi, everybody. Gabriel Tirador - President and Chief Executive Officer Hello. Theodore R. Stalick - Chief Financial Officer, Principal Accounting Officer and Vice President Hi. Meyer...
Mercury General Corp. Q2 2008 Earnings Call Transcript
Question-and-Answer Session[Operator Instructions]. Your first comes from the line of Josh Shanker with Citigroup. Joshua Shanker - Citigroup Good morning. Gabriel Tirador - President and Chief Executive Officer Good morning, Josh. Joshua Shanker - Citigroup In terms of thinking about your positioning for your national program, we talked many...
Mercury General Corp. Q1 2008 Earnings Call Transcript
Question-and-Answer Session[Operator Instructions]. Your first question comes from the line of Josh Shanker with Citi. Joshua Shanker - Citigroup Good morning to you. Gabriel Tirador - President and Chief Executive Officer Good morning Josh. Joshua Shanker - Citigroup I was wondering if you could talk a little about your...
Mercury General Corp. Q4 2007 Earnings Call Transcript
Question-and-Answer Session[Operator Instructions]. Your first question will be from Charlie Gates of Credit Suisse. Charles Gates - Credit Suisse Hi. Good morning, guys. Gabriel Tirador - President and Chief Executive Officer Good morning, Charlie. Charles Gates - Credit Suisse Question for you. [inaudible] the changes in rates again that...
Mercury General Q3 2007 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Our first question comes from Charlie Gates of Credit Suisse. Charles Gates - Credit Suisse I have a couple of questions. One, the $20 million to $30 million, that’s a pretax number? Gabriel Tirador Yes. Charles Gates - Credit Suisse Okay. There was...
American Fidelity in talks to sell unit
American Fidelity Group, a cluster of six financial companies based in Oklahoma City and privately held by the Cameron family, is negotiating to sell its property and casualty subsidiary to Los Angeles-based Mercury General Corp., a public company. American Fidelity Insurance Co. writes liability and automobile insurance. Oklahoma...
Additional Resources
Mercury General Corporation Announces Third Quarter Results
LOS ANGELES, Nov. 3 /PRNewswire-FirstCall/ -- Mercury General Corporation reported today for the third quarter of 2008: Consolidated Highlights ...
Aon Corporation Signs Definitive Agreement to Sell AIS Management Corporation Unit to Mercury General Corporation
CHICAGO, Oct. 15 /PRNewswire-FirstCall/ -- Aon Corporation , the world's leading provider of risk management and human capital solutions, today announced a definitive agreement to sell its AIS Management Group unit to Mercury Insurance Group , California's third-largest personal automobile insurance carrier. (Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) ...
Mercury General Corporation Announces Agreement to Acquire Auto Insurance Specialists
LOS ANGELES, Oct. 15 /PRNewswire-FirstCall/ -- Mercury General Corporation (the "Company") announced today that Mercury Casualty Company, its largest insurance subsidiary, has entered into a definitive agreement with Aon Corporation for the purchase of Auto Insurance Specialists, Incorporated ("AIS"). AIS is a major producer of automobile insurance...
Fitch Affirms Mercury General's Ratings after AIS Acquisition Announcement
CHICAGO -- Fitch Ratings has affirmed all of its ratings on Mercury General Corporation Mercury. Fitch's affirmations follow Mercury's announcement today that its lead subsidiary, Mercury Casualty Co., will acquire Auto Insurance Specialists, Inc. AIS, pending necessary regulatory approvals, from Aon Corp. for $120 million. The transaction is expected to...
Mercury General Corporation to Report Third Quarter Results on November 3, 2008
LOS ANGELES, Oct. 8 /PRNewswire-FirstCall/ -- Mercury General Corporation reported that on Monday, November 3, 2008, the Company will release results for its third quarter ended September 30, 2008 and will host an investor conference call and webcast that same day at 10:00 A.M. Pacific Time (1:00 P.M....
A.M. Best Affirms Ratings of Mercury General Corporation and Its Operating Subsidiaries
OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating FSR of A+ Superior and issuer credit ratings ICR of "aa-" of Mercury Casualty Group Mercury (Los Angeles, CA) and its members. Additionally, A.M. Best has affirmed the FSR of A- Excellent and ICRs of "a-" of American...
OKC-based American Mercury Insurance receives ratings
A.M. Best Co. has affirmed the financial strength rating of A- and insurer credit rating of "a-" of American Mercury Insurance Group of Oklahoma City. A.M. Best also affirmed the financial strength rating of A+ and issuer credit ratings of "aa-" for Mercury Casualty Group of Los...
Fitch Affirms Mercury General's Senior Debt & IFS Ratings
CHICAGO -- Fitch Ratings has affirmed the 'A+' Issuer Default Rating on Mercury General Corporation Mercury and 'A' rating on Mercury's senior unsecured notes due 2011. Fitch has also affirmed the 'AA-' insurer financial strength IFS ratings on Mercury's subsidiaries listed below. The Rating Outlook is Stable. Mercury's...
Progressive Review on Mercury General Corporation.
M2 PRESSWIRE-17 January 2008-Market Review: Progressive Review on Mercury General CorporationC1994-2008 M2 COMMUNICATIONS LTD RDATE:17012008 Stocks were mixed in early morning trading Wednesday following the announcement that Intel Corp. had disappointing earnings. However, JP Morgan Chase & Co. did...
LM exec: As Town Car becomes fleet car, sales will fall.(News)(Ford Motor Co. Lincoln-Mercury Div.)(Brief article)
Byline: Amy Wilson Retail sales of the Lincoln Town Car will continue to slide in 2008 as the model becomes primarily a fleet vehicle, a Lincoln Mercury marketing executive says. "We'll sell fewer Town Cars next year than this year,...
Lincoln expects to pass Mercury in '08 sales.(News)
Byline: Amy Wilson Lincoln sales will continue to recover in 2008, finally overtaking showroom sibling Mercury, the brand's top marketer says. Although Ford Motor Co.'s domestic luxury brand remains far below its record highs, Lincoln is poised to finish 2007...
Market Commentary on Mercury General Corp.
M2 PRESSWIRE-8 May 2007-bellwetherreport.com: Market Commentary on Mercury General CorpC1994-2007 M2 COMMUNICATIONS LTD RDATE:08052007 Market Commentary on Mercury General Corp (NYSE:MCY) Mercury General Corporation, through its subsidiaries, writes private passenger automobile insurance and commercial automobile insurance. It also...
Lincoln Mercury foresees sales growth.(News)
Byline: Amy Wilson Sales of Lincoln and Mercury vehicles will increase in 2007, brand executives told dealers at the make meeting. New or updated products will drive the expected growth, said Mike Richards, Lincoln Mercury general marketing manager. ...
Auto News digest.(Lincoln-Mercury Div.'s forecasting its vehicles sales )(Volkswagen of America Inc. increased margin for its dealers)(Stephen Fields won $10,000 in betting Super Bowl game)
L-M expects '07 sales boost Sales of Lincoln Mercury vehicles will increase in 2007, brand executives told dealers at the make meeting. New and updated vehicles will drive the growth, said Mike Richards, Lincoln Mercury general marketing manager. Those include...
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- Incorporated: 1961
- CEO: Mr. Gabriel Tirador
Mercury General and its subsidiaries are engaged primarily in writing automobile insurance in a number of states, principally California. Co. provides a range of coverage to automobile policyholders, including bodily injury liability, underinsured and uninsured motorist, personal injury protection, property damage liability, comprehensive, collision, and other hazards. Co. also provides homeowners, mechanical breakdown, commercial and dwelling fire, and commercial property insurance. As of Dec 31 2007, Co. sold its policies through more than 4,500 independent agents and brokers, of which approximately 1,000 are located in each of California and Florida.
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Mercury General Corp. Company Info
Board of Directors
Mr. George Joseph
Chairman
Mr. Donald R. Spuehler
Mr. Gabriel Tirador
Mr. Michael D. Curtius
Mr. Bruce A. Bunner
Mr. Nathan Bessin
Ms. Martha Marcon
Mr. Richard E. Grayson
Mr. Charles E. McClung
Mr. Donald P. Newell
Contact Information
4484 Wilshire Boulevard
Los Angeles, CA
http://www.mercuryinsurance.com
323 937-1060
NAICS Code
Direct Property and Casualty Insurance Carriers: 524126Brought to you by IBM
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