MCY Stock Recent News

Planning Out Charges and Reviewing Your Auto Insurance Policy are Essential LOS ANGELES , April 9, 2025 /PRNewswire/ -- Although the adoption of electric vehicles (EVs) has slowed among consumers, millions of EVs are still being sold nationwide, many to first-time owners. As summer quickly approaches and road trip plans take shape, those traveling in an EV will need to do some extra preparation to ensure a smooth journey.

Make a Checklist to Review with Your Tax Preparer LOS ANGELES , April 3, 2025 /PRNewswire/ -- One of the most difficult parts of preparing your taxes is gathering all of the paperwork. If you own your home, that task is multiplied and even more important; one overlooked deduction can cost you thousands.

Despite a sharp stock drop from the January 2025 wildfires, the market overreacted; actual losses are manageable, and a significant upside remains. Regulatory reforms and rate increases approved by the California Department of Insurance will enhance MCY's profitability and market share. The potential monetization of subrogation claims could meaningfully reduce net wildfire losses and unlock non-dilutive value.

Mercury's New Umbrella Insurance Better Protects Georgians' Personal Wealth Against Bodily Injury Claims LOS ANGELES , March 31, 2025 /PRNewswire/ -- Multi-vehicle crashes, dog bites or a delivery person being injured on your property are some of the unexpected events that are putting Georgians' personal financial health at risk. In fact, bodily injury payouts continue to climb year over year since the pandemic started, with the average amount for a liability claim increasing by 35%, according to Mercury Insurance (NYSE: MCY).

14% of U.S. Drivers Do Not Have Auto Insurance LOS ANGELES , March 27, 2025 /PRNewswire/ -- A greater number of Americans are getting behind the wheel without auto insurance, raising costs for all drivers across the country. From 2019 to 2022, the percentage of uninsured motorists grew from 11% to 14% according to the Insurance Research Council, which translates to approximately 1 in 7 drivers in the U.S.  According to Bankrate, the average cost of full coverage car insurance is roughly $205 per month as of November 2024.

Mercury General (MCY) reported earnings 30 days ago. What's next for the stock?

Investors need to pay close attention to Mercury General (MCY) stock based on the movements in the options market lately.

MCY's Q4 results reflect improved net premiums and higher average invested assets and cash, partially offset by wider catastrophe losses.

Mercury General Corporation (NYSE:MCY ) Q4 2024 Earnings Call February 12, 2025 12:00 PM ET Company Participants Gabriel Tirador - Chief Executive Officer Victor Joseph - President and Chief Operating Officer Ted Stalick - Senior Vice President and Chief Financial Officer Chris Graves - Vice President and Chief Investment Officer Jeff Schroeder - Chief Product Officer Conference Call Participants Gregory Peters - Raymond James Guy Baron - Springview Prem Nainani - Aplomado Advisors Ian Holland - Private Investor Dan David - Wolfpack Research Operator Good morning and welcome to the Mercury General Corporation's Fourth Quarter 2024 Conference Call. [Operator Instructions] Please note this event is being recorded.

Mercury General (MCY) came out with quarterly earnings of $2.78 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $1.15 per share a year ago.