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Overview
Mercury Insurance provides auto, home, condo, renter, and business insurance through a network of local independent agents. It began in 1961 with a goal of fair, factor-based pricing that considers multiple factors rather than one rate for all drivers. The company also offers additional coverages like mechanical protection and operates across several states through its agent network. Mercury aims to help people reduce risk and handle unexpected events, backed by its large team, assets, and a trusted independent-agent model.
About Mercury Insurance
Industries
Financial Services
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Brea, California
Founded
1962
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Simplify's Take
What believers are saying
- Q2 2026 revenue rose 14% to $1.68 billion; combined ratio improved to 89.9%.
- August 4, 2026 EPS of $4.76 and book value of $51.20 strengthened capital.
- June 24, 2026 credit agreement and $150 million cat bond expanded financial flexibility.
What critics are saying
- California regulators pursued Mercury over steering and unfair pricing; enforcement pressure remains intense.
- Wildfire and hail severity can outpace pricing models, forcing higher reinsurance costs by 2027.
- Mercury's long-running regulatory reputation still scares brokers, customers, and potential hires.
What makes Mercury Insurance unique
- Aug. 11, 2026 Oklahoma product rewards hail-resistant roofs and FORTIFIED homes.
- Mercury pairs insurance with mitigation, backing BurnBot on wildfire reduction in California.
- June 2026 cat bond financing shows Mercury can buy tailored California wildfire protection.
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Funding
Total Funding
$675M
Above
Industry Average
Funded Over
2 Rounds
Benefits
Paid Time Off
401 (k) retirement savings plan with company match
Medical, dental, vision, life, and pet insurance
Flexibility to work from anywhere in the United States for most positions
Health and wellbeing resources, including free mental wellbeing therapy/coaching sessions, child and eldercare resources, and more
Stock Price
Company News
Mercury gives Oklahoma homeowners More ways to save and strengthen their homes against hail and wildfire. Aug 11, 2026, 09:06 ET New enhanced homeowners insurance product offers an estimated average savings of $420 for hail-resistant roofing, an option to upgrade to a stronger roof after a covered loss, and new wildfire mitigation discounts LOS ANGELES, Aug. 11, 2026 /PRNewswire/ - Mercury Insurance (NYSE: MCY) has launched a new enhanced homeowners insurance product that gives Oklahoma homeowners more ways to lower their insurance costs, strengthen their properties against severe weather, and choose coverage that better fits their homes. The enhancements can provide qualifying homeowners with: * Estimated average savings of $420, or 12.4%, for eligible hail-resistant roofing. * Estimated average savings of $290, or 8.5%, for homes meeting qualifying FORTIFIED* standards. * Optional coverage that helps eligible customers upgrade to a stronger hail-resistant roof following a covered loss requiring full roof replacement. * New discounts available for qualifying wildfire mitigation measures. * More flexibility to tailor coverage to their property and individual needs. "Oklahoma homeowners should not have to choose between preparing their homes and protecting their budgets," said Jeff Schroeder, Chief Product Officer at Mercury Insurance. "These enhancements are designed to deliver real value when customers strengthen their properties, while giving them more control over the coverage they purchase and how they recover after severe weather." Save with a stronger roof and potentially rebuild with one Mercury's enhanced product provides two distinct benefits for homeowners with hail-resistant roofs: an opportunity to save before a loss and an option to rebuild with stronger materials after one. The updated Hail Resistant Roof Discount rewards qualifying homeowners whose roofs use eligible impact-resistant materials. Customers receive an estimated average savings of $420, or 12.4%, depending on their home, policy and individual rating factors. Mercury has also introduced Hail Resistant Roof Upgrade Coverage, an optional coverage that helps eligible homeowners replace their existing roof with qualifying Class 4 impact-resistant shingles or eligible Insurance Institute for Business & Home Safety (IBHS)-recognized shingles when a covered loss requires full roof replacement. Once the upgraded roof is installed and verified, the home may also qualify for Mercury's Hail Resistant Roof Discount, giving customers an opportunity to emerge from a covered loss with a stronger roof and potential future insurance savings. Rewarding homes built for severe weather Mercury has also updated its FORTIFIED Home Discount for homes constructed or upgraded to qualifying FORTIFIED standards developed by the IBHS. Mercury's new homeowners insurance product saves eligible customers an average of $290, but those savings will vary because it's equal to 8.5% of the premium. The discount recognizes homeowners who have already invested in improvements designed to help roofs and homes withstand severe wind and weather. Turning wildfire preparation into insurance savings Oklahoma homeowners who take steps to reduce wildfire risk may now qualify for additional savings through three discount opportunities: * Wildfire Mitigation Discount Property Level - IBHS Wildfire Prepared Home or Mercury Wildfire Mitigation Discount * Wildfire Mitigation Discount Community Level * Fire Resistive Construction Type Discount The discounts recognize qualifying measures such as home hardening, defensible space, participation in community mitigation programs, and fire-resistive construction. Eligible homeowners may receive a discount of 30% on the wildfire peril portion of their premium through qualifying property-level wildfire mitigation measures. "Homeowners are already investing time and money to protect their properties," Schroeder said. "We want those efforts to be recognized. When a customer strengthens a roof, creates defensible space or makes other meaningful mitigation improvements, that work can reduce risk and should have the potential to reduce insurance costs as well." More coverage choice for Oklahoma homeowners The updated Mercury homeowners product also includes: * New optional Cosmetic Exterior Surfacing Coverage for eligible cosmetic wind and hail damage. * Greater flexibility in selecting Coverage B, C, and D limits. * Broader eligibility for certain homeowners. * More precise pricing that better reflects the characteristics, condition and protection features of an individual property. The enhanced product for new Oklahoma homeowners policies is available now. Oklahoma homeowners can contact an independent Mercury Insurance agent to explore available coverage options, determine which discounts for which they may qualify, and receive a personalized quote. *FORTIFIED(R) is a registered trademark of the Insurance Institute for Business & Home Safety (IBHS). The FORTIFIED Home(TM) program establishes voluntary construction and reroofing standards designed to help homes better withstand severe weather. About Mercury Insurance Mercury Insurance (NYSE: MCY) is a multiple-line insurance carrier predominantly offering personal auto, homeowners, renters and commercial insurance through a network of independent agents in Arizona, California, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas and Virginia, as well as auto insurance in Florida. Mercury writes other lines of insurance in various states, including commercial, business owners and business auto, landlord, home-sharing, ride-hailing and mechanical protection insurance. Since 1962, Mercury has provided customers with tremendous value for their insurance dollar by pairing competitive rates with excellent customer service. Mercury has earned an "A" rating from AM Best, as well as "Best Auto Insurance Company" designations from Forbes and Insure.com. For more information, visit MercuryInsurance.com or follow the company on LinkedIn, Instagram or Facebook. SOURCE Mercury Insurance
Mercury General reported better-than-expected Q2 2026 results, with revenue growing 14% year on year to $1.68 billion, surpassing analyst estimates by 10.3%. The auto insurance provider's GAAP profit of $4.76 per share significantly exceeded consensus estimates of $1.80. Net premiums earned reached $1.50 billion, meeting expectations with 9.6% year-on-year growth. The combined ratio of 89.9% beat analyst estimates of 97.2% by 730 basis points. Book value per share rose 44% year on year to $51.20. Over the past five years, Mercury General's revenue grew at a 9.2% compound annual rate. The company's annualised revenue growth of 12.4% over the last two years exceeded its five-year trend, suggesting accelerating demand.
Mercury General (NYSE:MCY) announces quarterly earnings results. August 4, 2026 Key points. * Mercury General exceeded quarterly expectations, reporting EPS of $3.52 versus the $2.53 consensus estimate and revenue of $1.68 billion compared with $1.52 billion expected. * The insurer posted a 13.68% net margin and 32.94% return on equity, while its shares traded at $106.28 with a market capitalization of approximately $5.89 billion. * Analyst sentiment remains broadly positive, with a consensus "Buy" rating despite one recent downgrade to "Hold"; the average price target is $100. * MarketBeat previews the top five stocks to own by September 1st. Mercury General (NYSE:MCY - Get Free Report) posted its quarterly earnings data on Tuesday. The insurance provider reported $3.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.99, FiscalAI reports. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.52 billion. Mercury General had a net margin of 13.68% and a return on equity of 32.94%. Mercury General price performance. MCY stock traded down $0.98 during trading on Tuesday, hitting $106.28. 470,704 shares of the stock traded hands, compared to its average volume of 268,169. The stock has a market cap of $5.89 billion, a price-to-earnings ratio of 7.01 and a beta of 0.90. Mercury General has a one year low of $69.82 and a one year high of $113.06. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.22. The company has a 50 day simple moving average of $104.71 and a 200 day simple moving average of $96.58. Institutional trading of Mercury General. Several hedge funds have recently modified their holdings of MCY. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Mercury General by 3.3% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 5,473 shares of the insurance provider's stock worth $515,000 after acquiring an additional 173 shares during the period. Empowered Funds LLC increased its stake in shares of Mercury General by 1.7% during the first quarter. Empowered Funds LLC now owns 10,923 shares of the insurance provider's stock worth $611,000 after purchasing an additional 185 shares during the period. Cetera Investment Advisers increased its position in Mercury General by 3.9% during the 4th quarter. Cetera Investment Advisers now owns 5,172 shares of the insurance provider's stock worth $486,000 after buying an additional 195 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Mercury General by 8.4% during the fourth quarter. Franklin Resources Inc. now owns 3,826 shares of the insurance provider's stock worth $360,000 after buying an additional 295 shares in the last quarter. Finally, Mcguire Capital Advisors Inc. bought a new stake in shares of Mercury General in the fourth quarter valued at about $40,000. Institutional investors and hedge funds own 42.39% of the company's stock. Analysts set new price targets. Several analysts have recently weighed in on MCY shares. Wall Street Zen upgraded shares of Mercury General from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 4th. Zacks Research cut shares of Mercury General from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 17th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Mercury General in a report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $100.00. Discover more Stock Split Calculator Stocks & Bonds Stock Screener Tool Mercury General company profile. Mercury General Corporation is a holding company headquartered in Los Angeles, California, that underwrites and markets property and casualty insurance products through its principal subsidiary, Mercury Insurance Company. Established in 1961, the company has built a reputation for offering a broad range of personal and commercial lines, with a focus on automobile coverage. Mercury General operates in key U.S. markets, deploying a mix of independent agents and direct distribution channels to serve policyholders. The company's product portfolio includes personal automobile insurance, homeowners and renters policies, as well as commercial automobile, business liability and umbrella insurance. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Mercury General, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mercury General wasn't on the list. While Mercury General currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys. Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you'll find 7 stocks that could play a major role in the next tech-driven market boom.
Mercury General Corporation has executed a Second Amended and Restated Credit Agreement with Bank of America and other lenders, extending its credit facilities through 2026. The agreement, signed on 24 June 2026, replaces the company's previous credit facility. The comprehensive agreement includes tiered pricing based on Mercury General's debt-to-capital ratio, with interest rates tied to SOFR and base rates. It features financial covenants requiring the company to maintain minimum net worth and maximum debt-to-capital ratios. The new facility provides Mercury General with enhanced financial flexibility and allows for potential expansion through increased commitments and additional lenders. However, it restricts certain activities including dividend payments under specific circumstances. The agreement includes provisions for borrowings, letters of credit, and governs the fire, marine and casualty insurer's capital management strategy.
Mercury General Corporation has priced its $150 million Luca Re Ltd. (Series 2026-1) catastrophe bond at 5.25%, roughly 19% below the initial mid-point of spread guidance. The three-year bond provides collateralised reinsurance protection against wildfire and fire-following earthquake losses in California on an indemnity trigger and per-occurrence basis. Originally targeting $100 million, the offering was increased to $150 million during marketing. The Series 2026-1 Class A notes carry an initial expected loss of 1.09% and were initially marketed at 6.25% to 6.75% before being revised downward three times. The pricing result reflects strong investor appetite for catastrophe bonds, with most recent transactions pricing down whilst also increasing in size. This marks Mercury Insurance's second cat bond sponsorship.
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About Mercury Insurance
Industries
Financial Services
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Brea, California
Founded
1962
Mercury Insurance is Hiring for 76 Jobs on Simplify!
Find jobs on Simplify and start your career today