MCY Share Price Performance

US$102.34

23.86 (30.40%)

US$120.00

Fair Value

US$102.34

23.86 (30.40%)

14.7% undervalued

US$120.00

Fair Value

US$102.34

US$120.00

US$102.88

Mon, 15 Jun 26

Fair ValueUS$120.00

Share Pricen/a

MCY Community Narratives

AnalystConsensusTarget's

Fair Value

Fair Value US$120 14.7% undervalued

Core Business Strength May Support Future Earnings Despite Wildfire Losses And Rising Reinsurance Costs

Fpan's

Fair Value

Fair Value US$102.88 Fairly Valued

Is Mercury General a Buffett-Style Undervalued Insurer?

About MCY

Founded: 1961
Employees: 4380
CEO: Gabriel Tirador
WebsiteView website: www.mercuryinsurance.com

Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance in the United States. It also writes homeowners, commercial automobile, commercial property, mechanical protection, and umbrella insurance products. The company’s automobile insurance products include collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards; and homeowners insurance products comprise dwelling, liability, personal property, and other coverages. It sells its policies through a network of independent agents and insurance agencies, as well as directly through internet sales portals in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas, and Virginia. Mercury General Corporation was incorporated in 1961 and is headquartered in Los Angeles, California.

Recent MCY News & Updates

Announcement • Aug 27

Mercury General Corporation Announces Board Changes

Mercury General Corporation announced the passing of George Joseph, the Company's founder and longtime Chairman. He was 104 years old. Joseph founded Mercury, and the Company sold its first policy in 1962. He served as chairman from the Company's founding and led Mercury as Chief Executive Officer for 45 years, through 2006. Even after stepping down as CEO, he remained deeply engaged in the Company as its Executive Chairman. George Joseph was raised in Beckley, West Virginia, during the Great Depression, the son of Lebanese immigrants. In 1941, Joseph volunteered for military service and served as a B-17 navigator during World War II and flew 50 missions. He later attended Harvard College on the GI Bill and graduated in 1949 with a degree in math and physics. Under Joseph's leadership as CEO, Mercury grew from a small California insurer with six employees and 90 agents into the largest independent agency writer of private passenger automobile insurance in California. During his tenure as CEO, the Company completed a public offering in 1985, expanded beyond California beginning in 1989, and was listed on the New York Stock Exchange in 1996. The Company's written premiums grew to just over $1 billion in 1997 and broke the $3 billion mark in 2006. Joseph was also recognized during his career for his contributions to the insurance industry, including being named "Company Person of the Year" by the Professional Insurance Agents Association in 1987. Mercury also earned repeated national recognition, including multiple appearances on Forbes' list of America's Most Trustworthy Companies. The Board of Directors appointed Gabriel Tirador as Chairman of the Board, effective August 26, 2026. Tirador is 61 years old and has served as Mercury's chief executive officer since 2007 and is a member of the Company's board. In his new role as Chairman and CEO, he will continue to lead the organization with a focus on operational discipline, customer value, and the long-term strength of the business. Mr. Joseph's son, Victor Joseph, is 39 years old, and has served as Mercury's President and Chief Operating Officer since January 2024. Victor was elected to the Company's Board of Directors in 2024. Victor has held several positions at the Company since 2009. Mr. Joseph's wife, Vicky Joseph, has assumed ownership of his Mercury General stock. Vicky was elected to the Company's Board of Directors in 2021.

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Mercury General Corporation Stock Price

MCY Share Price Performance

MCY Community Narratives

Core Business Strength May Support Future Earnings Despite Wildfire Losses And Rising Reinsurance Costs

Is Mercury General a Buffett-Style Undervalued Insurer?

Is Mercury General a Buffett-Style Undervalued Insurer?

Core Business Strength May Support Future Earnings Despite Wildfire Losses And Rising Reinsurance Costs

Trending Discussion

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Is Mercury General a Buffett-Style Undervalued Insurer?

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Mercury General Corporation Key Details

About MCY

Recent MCY News & Updates

Upcoming dividend of US$0.32 per share

Mercury General Corporation Announces Board Changes

Mercury General: Improving Underwriting Makes The Valuation Hard To Ignore

Recent updates

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