Upcoming Dividend • Jun 04
Upcoming dividend of US$0.32 per share Eligible shareholders must have bought the stock before 11 June 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 8.4% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.8%). Declared Dividend • May 20
First quarter dividend of US$0.32 announced Shareholders will receive a dividend of US$0.32. Ex-date: 11th June 2026 Payment date: 25th June 2026 Dividend yield will be 1.3%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (8% earnings payout ratio) and cash flows (5% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 18% over the next 3 years. However, it would need to fall by 91% to increase the payout ratio to a potentially unsustainable range. Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. President, COO & Director Victor Joseph was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • May 07
Mercury General Corporation announces Quarterly dividend, payable on June 25, 2026 Mercury General Corporation announced Quarterly dividend of USD 0.3175 per share payable on June 25, 2026, ex-date on June 11, 2026 and record date on June 11, 2026. Duyuru • Apr 08
Mercury General Corporation to Report Q1, 2026 Results on May 05, 2026 Mercury General Corporation announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 05, 2026 Duyuru • Apr 01
Mercury General Corporation, Annual General Meeting, May 13, 2026 Mercury General Corporation, Annual General Meeting, May 13, 2026. Location: at 4484 wilshire boulevard, california, los angeles United States Duyuru • Feb 18
Mercury General Corporation Declares Quarterly Dividend, Payable on March 26, 2026 The Board of Directors of Mercury General Corporation declared a quarterly dividend of $0.3175 per share. The dividend will be paid on March 26, 2026 to shareholders of record on March 12, 2026. Duyuru • Jan 13
Mercury General Corporation to Report Q4, 2025 Results on Feb 17, 2026 Mercury General Corporation announced that they will report Q4, 2025 results After-Market on Feb 17, 2026 Duyuru • Nov 05
Mercury General Corporation Declares Quarterly Dividend, Payable on December 24, 2025 The Board of Directors of Mercury General Corporation declared a quarterly dividend of $0.3175 per share. The dividend will be paid on December 24, 2025 to shareholders of record on December 10, 2025. Duyuru • Oct 08
Mercury General Corporation to Report Q3, 2025 Results on Nov 04, 2025 Mercury General Corporation announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Nov 04, 2025 Duyuru • Aug 27
Mercury Insurance Unveils This Year's Most Affordable New Electric Vehicles to Insure Mercury Insurance has compiled a list of the most affordable EVs to insure, announced on August 26, 2025. This list was created with the goal of helping budget-conscious consumers find a vehicle that will help them maximize insurance savings. Factors contributing to insurance costs include claims on similar vehicles, costs to repair and vehicle safety records. Mercury's research and development team examined vehicles that are available at car dealerships today to compile this list. This is the 10th year that Mercury has published this list, which includes 2025 and 2026 model-year vehicles. The top 10 list for EVs, beginning with the most affordable make and model to insure is: Chevrolet Blazer EV · Chevrolet Equinox EV; ·Nissan Leaf; · Kia Niro EV; · Ford F-150 Lightning; Hyundai Kona EV; MINI Cooper SE; Hyundai IONIQ EV (all models); Fiat 500e; · Subaru Solterra/Toyota BZ4X. Duyuru • Aug 14
Mercury Insurance Unveils an All-New Personal Unveils Personal Unveil an All-New Personal Underway Insurance Policy Mercury Insurance announced the recent trend of rising liability injury claims for home and auto owners that exceed traditional policy limits has moved Mercury to unveil an all-new personal umbrella insurance policy for Floridians that offers extra protection with bolstered coverages beginning at just over $1 a day. Per Forbes Magazine, an umbrella insurance policy can be an excellent addition to insurance portfolio if need liability coverage that goes beyond what base car insurance or home insurance policies provide. Umbrella insurance is a good way to cover net worth if were to get hit with a lawsuit. The state of Florida is the seventh launch of this expanded insurance product for Mercury Insurance, after California, Texas, Oklahoma, Illinois, Arizona and Georgia. Key features of Mercury's significantly updated umbrella product include: 3-year Accident and Violation Free Discount: A 5% discount is given to all drivers on the Mercury policy with no losses or accidents during the last three years. Uninsured Motorist Coverage: Uninsured motorist coverage up to $1 million in the event of an accident caused by a driver who does not have insurance. Increased Liability: Policyholders can increase their liability coverage from $1 million to $2 million, depending upon policyholder coverage needs. Duyuru • Jul 30
Mercury General Corporation Declares Quarterly Dividend, Payable on September 25, 2025 Mercury General Corporation's Board of Directors declared a quarterly dividend of $0.3175 per share. The dividend will be paid on September 25, 2025 to shareholders of record on September 11, 2025. Duyuru • Jul 08
Mercury General Corporation to Report Q2, 2025 Results on Jul 29, 2025 Mercury General Corporation announced that they will report Q2, 2025 results After-Market on Jul 29, 2025 Duyuru • Jun 11
Mercury Insurance Appoints Steve Bennett as Senior Director of Climate and Catastrophe Science Mercury Insurance appointed Steve Bennett as its Senior Director of Climate and Catastrophe Science. In this new position, Bennett will build and lead a team dedicated to helping identify ways Mercury and its policyholders can work together to better prepare for — and be more resilient — in the face of increasingly severe climate-driven weather events. Bennett joins Mercury with over three decades of leadership at the nexus of extreme weather, climate risk and effective risk management. He also serves on the adjunct faculty at the University of North Carolina at Chapel Hill, where he teaches and leads research for the Institute for Risk Management and Insurance Innovation. Previously, he was co-founder and chief scientist at Demex, where he led pioneering work on severe convective storms — including tornadoes, hail and derechos — helping to translate cutting-edge science into novel reinsurance solutions. Duyuru • May 07
Mercury General Corporation Declares Quarterly Dividend, Payable on June 26, 2025 The Board of Directors of Mercury General Corporation declared a quarterly dividend of $0.3175 per share. The dividend will be paid on June 26, 2025 to shareholders of record on June 12, 2024. Duyuru • Apr 14
Mercury General Corporation to Report Q1, 2025 Results on May 06, 2025 Mercury General Corporation announced that they will report Q1, 2025 results After-Market on May 06, 2025 Duyuru • Apr 04
Mercury General Corporation, Annual General Meeting, May 14, 2025 Mercury General Corporation, Annual General Meeting, May 14, 2025. Location: at 4484 wilshire boulevard, california, los angeles, United States Duyuru • Jan 22
Mercury General Corporation to Report Q4, 2024 Results on Feb 11, 2025 Mercury General Corporation announced that they will report Q4, 2024 results After-Market on Feb 11, 2025 Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €71.00, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Insurance industry in Germany. Total returns to shareholders of 76% over the past three years. Declared Dividend • Nov 04
Third quarter dividend of US$0.32 announced Shareholders will receive a dividend of US$0.32. Ex-date: 12th December 2024 Payment date: 26th December 2024 Dividend yield will be 1.9%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (13% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 17% over the next 2 years. However, it would need to fall by 86% to increase the payout ratio to a potentially unsustainable range. Board Change • Nov 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. President, COO & Director Victor Joseph was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: US$4.17 (vs US$0.15 loss in 3Q 2023) Third quarter 2024 results: EPS: US$4.17 (up from US$0.15 loss in 3Q 2023). Revenue: US$1.53b (up 44% from 3Q 2023). Net income: US$230.9m (up US$239.1m from 3Q 2023). Profit margin: 15% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Duyuru • Oct 30
Mercury General Corporation Declares Quarterly Dividend, Payable on December 26, 2024 Mercury General Corporation Board of Directors declared a quarterly dividend of $0.3175 per share. The dividend will be paid on December 26, 2024 to shareholders of record on December 12, 2024. Duyuru • Oct 09
Mercury General Corporation to Report Q3, 2024 Results on Oct 29, 2024 Mercury General Corporation announced that they will report Q3, 2024 results After-Market on Oct 29, 2024 Upcoming Dividend • Sep 05
Upcoming dividend of US$0.32 per share Eligible shareholders must have bought the stock before 12 September 2024. Payment date: 26 September 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.9%). Declared Dividend • Aug 05
Second quarter dividend of US$0.32 announced Shareholders will receive a dividend of US$0.32. Ex-date: 12th September 2024 Payment date: 26th September 2024 Dividend yield will be 2.2%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 31
Second quarter 2024 earnings released: EPS: US$1.13 (vs US$0.75 loss in 2Q 2023) Second quarter 2024 results: EPS: US$1.13 (up from US$0.75 loss in 2Q 2023). Revenue: US$1.30b (up 21% from 2Q 2023). Net income: US$62.6m (up US$104.1m from 2Q 2023). Profit margin: 4.8% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Duyuru • Jul 31
Mercury General Corporation Declares Quarterly Dividend, Payable on September 26, 2024 Mercury General Corporation declared a quarterly dividend of $0.3175 per share. The dividend will be paid on September 26, 2024 to shareholders of record on September 12, 2024. Upcoming Dividend • Jun 06
Upcoming dividend of US$0.32 per share Eligible shareholders must have bought the stock before 13 June 2024. Payment date: 27 June 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (4.2%). Declared Dividend • May 06
First quarter dividend of US$0.32 announced Shareholders will receive a dividend of US$0.32. Ex-date: 13th June 2024 Payment date: 27th June 2024 Dividend yield will be 2.3%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. Reported Earnings • May 01
First quarter 2024 earnings released: EPS: US$1.33 (vs US$0.82 loss in 1Q 2023) First quarter 2024 results: EPS: US$1.33 (up from US$0.82 loss in 1Q 2023). Revenue: US$1.27b (up 15% from 1Q 2023). Net income: US$73.5m (up US$118.8m from 1Q 2023). Profit margin: 5.8% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Duyuru • May 01
Mercury General Corporation Declares Quarterly Dividend, Payable on June 27, 2024 The Board of Directors of Mercury General Corporation declared a quarterly dividend of $0.3175 per share. The dividend will be paid on June 27, 2024 to shareholders of record on June 13, 2024. Duyuru • Apr 10
Mercury General Corporation to Report Q1, 2024 Results on Apr 30, 2024 Mercury General Corporation announced that they will report Q1, 2024 results After-Market on Apr 30, 2024 Duyuru • Apr 03
Mercury Insurance Offers New Coverages in New Jersey Mercury Insurance announced three new coverages and four new discounts that are available for homeowners or renters in New Jersey. Mercury's new coverages provide additional insurance protections with an option for environmentally friendly replacement products. Discounts are available for homeowners already taking eco-friendly measures and will put hard-earned money back in the pockets of policyholders. New coverages include: Green Home: Mercury will cover up to an additional 10% of the replacement costs for environmentally friendly alternatives or construction methods with a covered loss. For example, if a homeowner with this additional coverage has damaged carpeting and selects an eco-friendly replacement, Mercury would issue funds up to 10% more than the costs to replace the carpeting so the homeowner can go with the green flooring option. The protection also extends to personal property such as HVAC systems or appliances when replaced with an eco-friendly product. Matching of Undamaged Siding and Roofing: Many times, roofing or siding repair is limited to a damaged area of the home, and with time the older existing and non-damaged material will fade — or the roofing or siding is no longer available. In the past, homeowners could end up with roofing or siding that does not match. Today, Mercury is providing two additional coverages — siding or roofing — that allow the undamaged portions to be replaced as well when there is a mismatch. Refrigerated Products: During the pandemic, many homeowners spent hundreds of dollars stocking their refrigerators from top to bottom. Mercury's new protection covers up to $1,000 of food items if there's a loss of power or a mechanical failure of a refrigerator resulting in spoiled food. Duyuru • Mar 27
Mercury General Corporation, Annual General Meeting, May 08, 2024 Mercury General Corporation, Annual General Meeting, May 08, 2024, at 10:00 Pacific Daylight. Location: the corporate headquarters of the Company located at 4484 Wilshire Boulevard Los Angeles California United States Agenda: To elect nine directors for the ensuing year to serve until the next Annual Meeting of Shareholders and until their successors are elected and have qualified; to consider an advisory vote on executive compensation; and to ratify the selection of KPMG LLP as the independent registered public accounting firm for the Company for the fiscal year ending December 31, 2024. Upcoming Dividend • Mar 05
Upcoming dividend of US$0.32 per share Eligible shareholders must have bought the stock before 12 March 2024. Payment date: 27 March 2024. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.6%). Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to €46.80, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Insurance industry in Germany. Total returns to shareholders of 9.6% over the past three years. Declared Dividend • Feb 19
Fourth quarter dividend of US$0.32 announced Shareholders will receive a dividend of US$0.32. Ex-date: 12th March 2024 Payment date: 27th March 2024 Dividend yield will be 2.8%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is covered by both earnings (73% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 90% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 14
Full year 2023 earnings released: EPS: US$1.74 (vs US$9.26 loss in FY 2022) Full year 2023 results: EPS: US$1.74 (up from US$9.26 loss in FY 2022). Revenue: US$4.63b (up 27% from FY 2022). Net income: US$96.3m (up US$609.0m from FY 2022). Profit margin: 2.1% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Duyuru • Feb 14
Mercury General Corporation Declares Quarterly Dividend, Payable on March 27, 2024 The Board of Directors of Mercury General Corporation declared a quarterly dividend of $0.3175 per share. The dividend will be paid on March 27, 2024 to shareholders of record on March 13, 2024. Duyuru • Feb 09
Mercury Insurance Appoints Simon Zhang as Chief Data and Analytics Officer Mercury Insurance has appointed Simon Zhang to the newly-created position of Chief Data and Analytics Officer. The hire continues Mercury's ongoing effort to utilize advanced data analytics to drive business growth, elevate the carrier's product offerings, and better meet the needs of its policyholders. As Chief Data Analytics Officer, Mr. Zhang's leadership will add value to virtually every element of the Mercury data science landscape – from predictive analytics and data science, infrastructure and architecture, to data security and compliance. Mr. Zhang's mission will be to harness Mercury's 60-plus years of valuable data and build systems and processes within the organization to better inform the way the company does business. As this data becomes more available across Mercury's teams, the company will discover better and more efficient ways of doing business. This new position reinforces Mercury's commitment to seeking out better and more innovative ways to utilize its data assets. It will help the company transform to meet the ever-changing needs of its customers and will provide an important foundation for future success. Before joining Mercury, Mr. Zhang served as Chief Data Scientist at GrowingIO, a company he co-founded. Prior to that, he held a leadership role at LinkedIn, where he served as senior director of business analytics. Interestingly, Mr. Zhang's career journey began in the medical field, where he achieved success as a neurosurgeon performing more than 300 surgeries. Duyuru • Jan 17
Mercury General Corporation to Report Q4, 2023 Results on Feb 13, 2024 Mercury General Corporation announced that they will report Q4, 2023 results After-Market on Feb 13, 2024 Duyuru • Dec 14
Mercury General Corporation Promotes Victor Joseph as President, Chief Operating Officer and to the Board of Directors, Effective January 1, 2024 Mercury General Corporation announced that Victor Joseph has been named President & Chief Operating Officer and has also been appointed to the Company's board of directors, effective January 1, 2024. Victor is currently Mercury's Executive Vice President & Chief Operating Officer, a position he has held since 2022. He will continue to report directly to Gabriel Tirador, Mercury's Chief Executive Officer. Victor has held a variety of positions since he joined the Company almost 15 years ago, including time as Chief Underwriting Officer, where he was instrumental in modernizing Mercury's underwriting function by creating new protocols to measure and mitigate risk. He currently oversees day-to-day operations, with most of the Company's business units reporting directly to him. While Victor began his career at Mercury in 2009, he has been a part of the Mercury family his entire life. His father, George Joseph, founded Mercury in 1961 and holds the title of Chairman of the Board. Victor lives in Los Angeles with his wife and two children. He earned an MBA from the UCLA Anderson School of Management and a Bachelor of Arts in Economics from Harvard University. Upcoming Dividend • Dec 06
Upcoming dividend of US$0.32 per share at 3.2% yield Eligible shareholders must have bought the stock before 13 December 2023. Payment date: 28 December 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.9%). New Risk • Nov 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (7.2% average weekly change). Duyuru • Nov 01
Mercury General Corporation Declares Quarterly Dividend, Payable on December 28, 2023 Mercury General Corporation announced its Board of Directors declared a quarterly dividend of $0.3175 per share. The dividend will be paid on December 28, 2023 to shareholders of record on December 14, 2023. Reported Earnings • Nov 01
Third quarter 2023 earnings released: US$0.15 loss per share (vs US$1.78 loss in 3Q 2022) Third quarter 2023 results: US$0.15 loss per share (improved from US$1.78 loss in 3Q 2022). Revenue: US$1.07b (up 18% from 3Q 2022). Net loss: US$8.23m (loss narrowed 92% from 3Q 2022). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Duyuru • Oct 11
Mercury General Corporation to Report Q3, 2023 Results on Oct 31, 2023 Mercury General Corporation announced that they will report Q3, 2023 results at 4:00 PM, US Eastern Standard Time on Oct 31, 2023 Upcoming Dividend • Sep 06
Upcoming dividend of US$0.32 per share at 4.6% yield Eligible shareholders must have bought the stock before 13 September 2023. Payment date: 28 September 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 4.6%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (4.2%). Duyuru • Aug 02
Mercury General Corporation Announces Declares Quarterly Dividend, Payable on September 28, 2023 Mercury General Corporation declared a quarterly dividend of $0.3175 per share. The dividend will be paid on September 28, 2023 to shareholders of record on September 14, 2023. Reported Earnings • Aug 02
Second quarter 2023 earnings released: US$0.75 loss per share (vs US$3.81 loss in 2Q 2022) Second quarter 2023 results: US$0.75 loss per share (improved from US$3.81 loss in 2Q 2022). Revenue: US$1.08b (up 38% from 2Q 2022). Net loss: US$41.5m (loss narrowed 80% from 2Q 2022). Revenue is forecast to stay flat during the next 2 years compared to a 3.9% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Duyuru • Jul 12
Mercury General Corporation to Report Q2, 2023 Results on Aug 01, 2023 Mercury General Corporation announced that they will report Q2, 2023 results After-Market on Aug 01, 2023 Duyuru • Jul 01
Mercury Insurance Offers New Coverages and Discounts in Nevada Mercury General Corporation announces five new coverages and five new discounts available for homeowners and renters in Nevada. Mercury's new coverages provide additional insurance protections with an option for environmentally-friendly replacement products. Discounts are available for homeowners already taking eco-friendly measures and will put hard-earned money back in the pockets of policyholders. New coverages include: Green Home: Mercury will cover up to an additional 10% of the replacement costs for environmentally-friendly alternatives or construction methods with a covered loss. For example, if a homeowner with this additional coverage has damaged carpeting and selects an eco-friendly replacement, Mercury would issue funds up to 10% more than the costs to replace the carpeting so the homeowner can go with the green flooring option. The protection also extends to other types of property, such as an HVAC or appliances, when replaced with an eco-friendly product. Matching of Undamaged Siding and Roofing: Many times, roofing or siding repair is limited to a damaged area of the home, and with time the older existing and non-damaged material will fade or the roofing or siding is no longer available. In the past, homeowners could end up with roofing or siding that does not match. Today, Mercury is providing two additional coverages—siding or roofing—that allow the undamaged portions to be replaced as well when there is a mismatch. Refrigerated Products: During the pandemic, many homeowners spent hundreds of dollars stocking their refrigerators from top to bottom. Mercury's new protection covers up to $1,000 of food items if there's a loss of power or a mechanical failure of a refrigerator resulting in spoiled food. Limited Hidden Water, Steam Seepage or Leakage: Water claims are one of the most common claims that can lead to costly repairs along with many inconveniences for homeowners. In some instances, a water leak may be hidden from the homeowner within a wall or ceiling and go on for weeks or months and only be found when a wall is opened up. To better protect homeowners from water damages that are hidden, Mercury is offering coverage that would apply to the resulting damages in these instances. Duyuru • Jun 27
Mercury Insurance Introduces New 'AgentCenter' Point of Sale Software for Agents in California Mercury Insurance recently launched "AgentCenter," a new point of sale software for its agents in California. AgentCenter is designed to accelerate their time from quote to bound policies. AgentCenter web-based software was developed in-house at Mercury with a cross-functional team - including agent experience, sales development, underwriting, claims, IT and independent agents - to create the industry's most intuitive point of sale system. The system benefits agents with new features that include: Little-to-no training needed by agent staff due to intuitive navigation; Pre-populated third-party reports and data; If the quoted rate changes, agents will know why and how on one easy-to-read screen; One-screen workflows for simple policy updates; Ability to view vehicle coverages side-by-side on a single screen; and Significant time savings for quote to bound policies. Agent Center streamlines the policy quote and bind process, reducing the time it takes to write a new policy by at least 60%. The web-based platform was designed to allow for quick updates due to regulatory changes and new Mercury product offerings. Upcoming Dividend • Jun 07
Upcoming dividend of US$0.32 per share at 4.2% yield Eligible shareholders must have bought the stock before 14 June 2023. Payment date: 29 June 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (4.4%). Reported Earnings • May 03
First quarter 2023 earnings released: US$0.82 loss per share (vs US$3.56 loss in 1Q 2022) First quarter 2023 results: US$0.82 loss per share (improved from US$3.56 loss in 1Q 2022). Revenue: US$1.11b (up 37% from 1Q 2022). Net loss: US$45.3m (loss narrowed 77% from 1Q 2022). Revenue is forecast to grow 2.3% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Mar 07
Upcoming dividend of US$0.32 per share at 3.9% yield Eligible shareholders must have bought the stock before 14 March 2023. Payment date: 29 March 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (4.3%). Reported Earnings • Feb 16
Full year 2022 earnings released: US$9.26 loss per share (vs US$4.48 profit in FY 2021) Full year 2022 results: US$9.26 loss per share (down from US$4.48 profit in FY 2021). Revenue: US$3.64b (down 8.8% from FY 2021). Net loss: US$512.7m (down 307% from profit in FY 2021). Combined ratio: 108.7% (up from 98.3% in FY 2021). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Duyuru • Feb 15
Mercury General Corporation Declares Quarterly Dividend, Payable on March 29, 2023 Mercury General Corporation declared a quarterly dividend of $0.3175 per share. The dividend will be paid on March 29, 2023 to shareholders of record on March 15, 2023. Duyuru • Jan 14
Mercury General Corporation to Report Q4, 2022 Results on Feb 14, 2023 Mercury General Corporation announced that they will report Q4, 2022 results After-Market on Feb 14, 2023 Upcoming Dividend • Dec 07
Upcoming dividend of US$0.32 per share Eligible shareholders must have bought the stock before 14 December 2022. Payment date: 29 December 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.3%). Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Independent Director Vicky Joseph was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 03
Third quarter 2022 earnings released: US$1.78 loss per share (vs US$0.023 profit in 3Q 2021) Third quarter 2022 results: US$1.78 loss per share (down from US$0.023 profit in 3Q 2021). Revenue: US$900.3m (down 3.4% from 3Q 2021). Net loss: US$98.3m (down US$99.6m from profit in 3Q 2021). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Duyuru • Nov 02
Mercury General Corporation Declares Quarterly Dividend, Payable on December 29, 2022 The Board of Directors of Mercury General Corporation declared a quarterly dividend of $0.3175 per share. The dividend will be paid on December 29, 2022 to shareholders of record on December 15, 2022. Duyuru • Oct 05
Mercury General Corporation to Report Q3, 2022 Results on Nov 01, 2022 Mercury General Corporation announced that they will report Q3, 2022 results After-Market on Nov 01, 2022 Duyuru • Sep 19
Mercury General Corporation(NYSE:MCY) dropped from S&P Insurance Select Industry Index Mercury General Corporation(NYSE:MCY) dropped from S&P Insurance Select Industry Index Upcoming Dividend • Sep 07
Upcoming dividend of US$0.32 per share Eligible shareholders must have bought the stock before 14 September 2022. Payment date: 29 September 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.2%). Reported Earnings • Aug 03
Second quarter 2022 earnings released: US$3.81 loss per share (vs US$1.97 profit in 2Q 2021) Second quarter 2022 results: US$3.81 loss per share (down from US$1.97 profit in 2Q 2021). Revenue: US$785.6m (down 23% from 2Q 2021). Net loss: US$210.7m (down 293% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 13%, compared to a 22% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Duyuru • Aug 03
Mercury General Corporation Declares Quarterly Dividend, Payable on September 29, 2022 The Board of Directors of Mercury General Corporation declared a quarterly dividend of $0.3175 per share. The dividend will be paid on September 29, 2022 to shareholders of record on September 15, 2022. Duyuru • Jul 21
Mercury General Corporation to Report Q2, 2022 Results on Aug 02, 2022 Mercury General Corporation announced that they will report Q2, 2022 results After-Market on Aug 02, 2022 Duyuru • Jul 09
Mercury Insurance Launches MercuryGo for Virginia Drivers Mercury Insurance announced that the company has made its usage-based insurance app, MercuryGO, available to drivers in Virginia to help improve driving skills and traffic safety. The app acts as a virtual driving coach, providing skill scores that give real-time feedback about driving behavior. Mercury auto insurance policyholders who enroll to use the app immediately receive a 5% participation discount and teen drivers will receive up to a 10% discount. Then, when MercuryGO customers renew their policies, they could receive a discount of up to 40%, depending upon their driving score. The Virginia Department of Transportation reports there were 967 motor vehicle traffic fatalities and 161 injuries a day on Virginia roadways in 2021. The MercuryGO app generates a driving skill score, which is calculated based on categories that are closely correlated with car crashes: excessive speeding, hard braking, distracted driving (i.e., phone motion and screen interaction), and road type. Cambridge Mobile Telematics, Mercury's technology partner, winning multiple awards. CMT is the pioneer of: usage-based insurance with smartphones; the measurement of phone distraction; behavior-based insurance; and real-time crash alerts with roadside assistance. Upcoming Dividend • Jun 08
Upcoming dividend of US$0.64 per share Eligible shareholders must have bought the stock before 15 June 2022. Payment date: 30 June 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 5.3%. Within top quartile of German dividend payers (4.2%). In line with average of industry peers (4.9%). Reported Earnings • May 05
First quarter 2022 earnings released: US$3.56 loss per share (vs US$1.93 profit in 1Q 2021) First quarter 2022 results: US$3.56 loss per share (down from US$1.93 profit in 1Q 2021). Revenue: US$805.5m (down 19% from 1Q 2021). Net loss: US$196.9m (down 284% from profit in 1Q 2021). Over the next year, revenue is forecast to grow 4.8%, compared to a 20% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Duyuru • May 04
Mercury General Corporation Declares Quarterly Dividend, Payable on June 30, 2022 The Board of Directors of Mercury General Corporation declared a quarterly dividend of $0.6350 per share. The dividend will be paid on June 30, 2022 to shareholders of record on June 16, 2022. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Independent Director Vicky Joseph was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Apr 08
Mercury General Corporation to Report Q1, 2022 Results on May 03, 2022 Mercury General Corporation announced that they will report Q1, 2022 results After-Market on May 03, 2022 Duyuru • Mar 31
Mercury General Corporation, Annual General Meeting, May 11, 2022 Mercury General Corporation, Annual General Meeting, May 11, 2022, at 10:00 Pacific Daylight. Location: corporate headquarters of the Company located at 4484 Wilshire Boulevard Los Angeles California United States Agenda: To consider electing eight directors for the ensuing year to serve until the next annual meeting of shareholders and until their successors are elected and have qualified; to consider an advisory vote on executive compensation; and to ratify the selection of KPMG LLP as the independent registered public accounting firm for the company for the fiscal year ending December 31, 2022. Upcoming Dividend • Mar 08
Upcoming dividend of US$0.64 per share Eligible shareholders must have bought the stock before 15 March 2022. Payment date: 30 March 2022. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 4.7%. Within top quartile of German dividend payers (3.6%). In line with average of industry peers (5.2%). Reported Earnings • Feb 16
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$4.48 (down from US$6.77 in FY 2020). Revenue: US$3.99b (up 5.5% from FY 2020). Net income: US$247.9m (down 34% from FY 2020). Profit margin: 6.2% (down from 9.9% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 1.4% compared to a 15% growth forecast for the insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Duyuru • Feb 16
Mercury General Corporation Declares Quarterly Dividend, Payable on March 30, 2022 The Board of Directors of Mercury General Corporation declared a quarterly dividend of $0.6350 per share. The dividend will be paid on March 30, 2022 to shareholders of record on March 16, 2022. Upcoming Dividend • Dec 08
Upcoming dividend of US$0.64 per share Eligible shareholders must have bought the stock before 15 December 2021. Payment date: 30 December 2021. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of German dividend payers (3.4%). Higher than average of industry peers (4.2%). Reported Earnings • Nov 04
Third quarter 2021 earnings released: EPS US$0.023 (vs US$2.15 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$932.2m (down 6.7% from 3Q 2020). Net income: US$1.29m (down 99% from 3Q 2020). Profit margin: 0.1% (down from 12% in 3Q 2020). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Nov 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. Independent Director Ramona Cappello was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 08
Upcoming dividend of US$0.63 per share Eligible shareholders must have bought the stock before 15 September 2021. Payment date: 30 September 2021. Trailing yield: 4.4%. Within top quartile of German dividend payers (3.2%). In line with average of industry peers (4.3%). Reported Earnings • Aug 05
Second quarter 2021 earnings released: EPS US$1.97 (vs US$4.12 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: US$1.02b (up 1.3% from 2Q 2020). Net income: US$109.2m (down 52% from 2Q 2020). Profit margin: 11% (down from 23% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 28
Mercury General Corporation(NYSE:MCY) dropped from Russell 1000 Dynamic Index Mercury General Corporation(NYSE:MCY) dropped from Russell 1000 Dynamic Index Upcoming Dividend • Jun 08
Upcoming dividend of US$0.63 per share Eligible shareholders must have bought the stock before 15 June 2021. Payment date: 30 June 2021. Trailing yield: 4.2%. Within top quartile of German dividend payers (3.2%). In line with average of industry peers (4.2%). Reported Earnings • May 06
First quarter 2021 earnings released: EPS US$1.93 (vs US$2.52 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$993.1m (up 40% from 1Q 2020). Net income: US$107.0m (up US$246.2m from 1Q 2020). Profit margin: 11% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.