Mercury General Management

Management criteria checks 4/4

Mercury General's CEO is Gabe Tirador, appointed in Jan 2007, has a tenure of 17.25 years. total yearly compensation is $1.31M, comprised of 89.8% salary and 10.2% bonuses, including company stock and options. directly owns 0.092% of the company’s shares, worth €2.47M. The average tenure of the management team and the board of directors is 9.1 years and 7.2 years respectively.

Key information

Gabe Tirador

Chief executive officer

US$1.3m

Total compensation

CEO salary percentage	89.8%
CEO tenure	17.3yrs
CEO ownership	0.09%
Management average tenure	9.1yrs
Board average tenure	7.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Gabe Tirador's remuneration changed compared to Mercury General's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	US$96m
Sep 30 2023	n/a	n/a	-US$102m
Jun 30 2023	n/a	n/a	-US$192m
Mar 31 2023	n/a	n/a	-US$361m
Dec 31 2022	US$1m	US$1m	-US$513m
Sep 30 2022	n/a	n/a	-US$475m
Jun 30 2022	n/a	n/a	-US$376m
Mar 31 2022	n/a	n/a	-US$56m
Dec 31 2021	US$2m	US$1m	US$248m
Sep 30 2021	n/a	n/a	US$384m
Jun 30 2021	n/a	n/a	US$502m
Mar 31 2021	n/a	n/a	US$621m
Dec 31 2020	US$3m	US$1m	US$375m
Sep 30 2020	n/a	n/a	US$240m
Jun 30 2020	n/a	n/a	US$190m
Mar 31 2020	n/a	n/a	US$45m
Dec 31 2019	US$2m	US$1m	US$320m
Sep 30 2019	n/a	n/a	US$207m
Jun 30 2019	n/a	n/a	US$196m
Mar 31 2019	n/a	n/a	US$173m
Dec 31 2018	US$2m	US$1m	-US$6m
Sep 30 2018	n/a	n/a	US$96m
Jun 30 2018	n/a	n/a	US$84m
Mar 31 2018	n/a	n/a	US$75m
Dec 31 2017	US$1m	US$975k	US$145m

Compensation vs Market: Gabe's total compensation ($USD1.31M) is below average for companies of similar size in the German market ($USD2.56M).

Compensation vs Earnings: Gabe's compensation has been consistent with company performance over the past year.

CEO

Gabe Tirador (58 yo)

17.3yrs

Tenure

US$1,308,055

Compensation

Mr. Gabriel Tirador, also known as Gabe, has been the President of California Automobile Insurance Company and since October 2001 and has been its Chief Executive Officer since January 1, 2007. He served a...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Christopher Graves	VP & Chief Investment Officer	26.3yrs	US$871.55k	0.012% $ 330.8k
Wilson Pang	VP & Chief Technology Officer	1.1yrs	US$1.11m	no data
George Joseph	Executive Chairman of the Board	63.3yrs	US$1.28m	35.34% $ 945.0m
Gabriel Tirador	CEO & Director	17.3yrs	US$1.31m	0.092% $ 2.5m
Victor Joseph	President	2.3yrs	US$523.54k	0.000060% $ 1.6k
Theodore Stalick	Senior VP & CFO	22.5yrs	US$874.55k	0.010% $ 275.4k
Brandt Minnich	VP & Chief Sales Development Officer	no data	no data	no data
Erik Thompson	VP & Chief Marketing Officer	no data	no data	no data
Heidi Sullivan	VP & Chief Human Capital Officer	no data	no data	no data
Randall Petro	VP & Chief Claims Officer	9.1yrs	no data	no data
Jeffrey Schroeder	VP & Chief Product Officer	no data	US$605.69k	no data
Kelly Butler	VP & Chief Underwriting Officer	2.3yrs	no data	no data

9.1yrs

Average Tenure

55yo

Average Age

Experienced Management: MCG's management team is seasoned and experienced (9.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
George Joseph	Executive Chairman of the Board	63.3yrs	US$1.28m	35.34% $ 945.0m
Gabriel Tirador	CEO & Director	21.3yrs	US$1.31m	0.092% $ 2.5m
Victor Joseph	President	less than a year	US$523.54k	0.000060% $ 1.6k
James Ellis	Independent Director	10.2yrs	US$75.10k	no data
Joshua Little	Independent Director	7.2yrs	US$87.00k	0.0059% $ 157.0k
Martha Marcon	Lead Independent Director	15.7yrs	US$108.00k	no data
Ramona Cappello	Independent Director	5.5yrs	US$74.50k	no data
George Braunegg	Independent Director	5.5yrs	US$96.90k	0.0045% $ 120.9k
Wai Joseph	Independent Director	2.5yrs	US$60.00k	0.011% $ 286.1k

7.2yrs

Average Tenure

64yo

Average Age

Experienced Board: MCG's board of directors are considered experienced (7.2 years average tenure).

Mercury General Management

Management criteria checks 4/4

Key information

Recent management updates

Mercury General Corporation, Annual General Meeting, May 08, 2024

Mercury Insurance Appoints Simon Zhang as Chief Data and Analytics Officer

Mercury General Corporation Promotes Victor Joseph as President, Chief Operating Officer and to the Board of Directors, Effective January 1, 2024

Insufficient new directors

Insufficient new directors

Mercury General Corporation, Annual General Meeting, May 11, 2022

Recent updates

Mercury General Corporation to Report Q1, 2024 Results on Apr 30, 2024

Mercury Insurance Offers New Coverages in New Jersey

Mercury General Corporation, Annual General Meeting, May 08, 2024

Upcoming dividend of US$0.32 per share

Investor sentiment improves as stock rises 26%

Fourth quarter dividend of US$0.32 announced

Full year 2023 earnings released: EPS: US$1.74 (vs US$9.26 loss in FY 2022)

Mercury General Corporation Declares Quarterly Dividend, Payable on March 27, 2024

Mercury Insurance Appoints Simon Zhang as Chief Data and Analytics Officer

Mercury General Corporation to Report Q4, 2023 Results on Feb 13, 2024

Mercury General Corporation Promotes Victor Joseph as President, Chief Operating Officer and to the Board of Directors, Effective January 1, 2024

Upcoming dividend of US$0.32 per share at 3.2% yield

New minor risk - Share price stability

Mercury General Corporation Declares Quarterly Dividend, Payable on December 28, 2023

Third quarter 2023 earnings released: US$0.15 loss per share (vs US$1.78 loss in 3Q 2022)

Mercury General Corporation to Report Q3, 2023 Results on Oct 31, 2023

Upcoming dividend of US$0.32 per share at 4.6% yield

Mercury General Corporation Announces Declares Quarterly Dividend, Payable on September 28, 2023

Second quarter 2023 earnings released: US$0.75 loss per share (vs US$3.81 loss in 2Q 2022)

Mercury General Corporation to Report Q2, 2023 Results on Aug 01, 2023

Mercury Insurance Offers New Coverages and Discounts in Nevada

Mercury Insurance Introduces New 'AgentCenter' Point of Sale Software for Agents in California

Upcoming dividend of US$0.32 per share at 4.2% yield

First quarter 2023 earnings released: US$0.82 loss per share (vs US$3.56 loss in 1Q 2022)

Upcoming dividend of US$0.32 per share at 3.9% yield

Full year 2022 earnings released: US$9.26 loss per share (vs US$4.48 profit in FY 2021)

Mercury General Corporation Declares Quarterly Dividend, Payable on March 29, 2023

Mercury General Corporation to Report Q4, 2022 Results on Feb 14, 2023

Upcoming dividend of US$0.32 per share

Insufficient new directors

Third quarter 2022 earnings released: US$1.78 loss per share (vs US$0.023 profit in 3Q 2021)

Mercury General Corporation Declares Quarterly Dividend, Payable on December 29, 2022

Mercury General Corporation to Report Q3, 2022 Results on Nov 01, 2022

Mercury General Corporation(NYSE:MCY) dropped from S&P Insurance Select Industry Index

Upcoming dividend of US$0.32 per share

Second quarter 2022 earnings released: US$3.81 loss per share (vs US$1.97 profit in 2Q 2021)

Mercury General Corporation Declares Quarterly Dividend, Payable on September 29, 2022

Mercury General Corporation to Report Q2, 2022 Results on Aug 02, 2022

Mercury Insurance Launches MercuryGo for Virginia Drivers

Mercury General Corporation(NYSE:MCY) dropped from Russell 1000 Value-Defensive Index

Upcoming dividend of US$0.64 per share

First quarter 2022 earnings released: US$3.56 loss per share (vs US$1.93 profit in 1Q 2021)

Mercury General Corporation Declares Quarterly Dividend, Payable on June 30, 2022

Insufficient new directors

Mercury General Corporation to Report Q1, 2022 Results on May 03, 2022

Mercury General Corporation to Report Q1, 2022 Results on May 03, 2022

Mercury General Corporation, Annual General Meeting, May 11, 2022

Mercury General Corporation, Annual General Meeting, May 11, 2022

Upcoming dividend of US$0.64 per share

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Mercury General Corporation Declares Quarterly Dividend, Payable on March 30, 2022

Upcoming dividend of US$0.64 per share

Third quarter 2021 earnings released: EPS US$0.023 (vs US$2.15 in 3Q 2020)

Insufficient new directors

Upcoming dividend of US$0.63 per share

Second quarter 2021 earnings released: EPS US$1.97 (vs US$4.12 in 2Q 2020)

Mercury General Corporation(NYSE:MCY) dropped from Russell 1000 Dynamic Index

Upcoming dividend of US$0.63 per share

First quarter 2021 earnings released: EPS US$1.93 (vs US$2.52 loss in 1Q 2020)

Mercury General Corporation Declares Quarterly Dividend, Payable on June 30, 2021

Executive Chairman of the Board recently sold €1.8m worth of stock

New 90-day high: €48.60

Revenue beats expectations

Full year 2020 earnings released: EPS US$6.77 (vs US$5.78 in FY 2019)

New 90-day high: €44.60

New 90-day high: €43.00

Mercury General Corporation to Report Q4, 2020 Results on Feb 16, 2021

New 90-day high: €42.20

New 90-day high: €38.80