MCY Share Price Performance

US$105.70

29.30 (38.35%)

US$120.00

Fair Value

US$105.70

29.30 (38.35%)

11.9% undervalued

US$120.00

Fair Value

US$105.70

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 11.9% undervalued

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

Fpan's

Fair Value

Fair Value US$102.88 2.7% overvalued

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 13

Mercury Insurance Launches Enhanced Homeowners Insurance Product for Oklahoma

Mercury Insurance 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. 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. 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. 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. 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.

Recent updates

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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

Recently Updated Narratives

Is Mercury General a Buffett-Style Undervalued Insurer?

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Snowflake Analysis

Mercury General Corporation Key Details

About MCY

Recent MCY News & Updates

Mercury General: Improving Underwriting Makes The Valuation Hard To Ignore

Consensus EPS estimates increase by 26%

Mercury Insurance Launches Enhanced Homeowners Insurance Product for Oklahoma

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