Mercury General (MCY)
Writes auto and homeowners insurance primarily through independent agents.
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Writes predominantly private passenger auto and homeowners coverage, with smaller commercial auto, property, mechanical protection, fire, and umbrella lines. Revenue comes mainly from insurance premiums, supplemented by investment income; distribution relies on independent agents, and the book remains concentrated in California.
Writes private passenger auto and homeowners insurance, alongside smaller commercial auto, commercial property, mechanical protection, fire, and umbrella lines. Policies are distributed mainly through independent agents, supplemented by owned agencies and internet portals; underwriting and most claims handling remain in-house. Premiums and investment income fund claims, operating costs, and the investment portfolio.
Operates across 11 states but remains concentrated in California, which generates most direct premiums and an even larger share of auto premiums. Execution centers on pricing and segmentation, agent relationships, underwriting, claims handling, and reinsurance for catastrophe exposure. Wildfire and severe-storm losses shape results in core markets. State insurance departments approve rates and govern capital, solvency, affiliate transactions, and subsidiary dividends.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Feb 12, 2025 | Raymond James | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $2.07B · Total debt $962.1M · Total assets $10.54B · Shareholders' equity $2.84B
- Revenue
- $1.68B
- Operating income
- $327.3M
- Net income
- $263.5M
HistoryDividendAnnual yield
| Institutions | ≈ 46.94% | 26.00M shares | |
|---|---|---|---|
| 354 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.14% | 79.8K shares | |
| 9 holders · as of Feb 24, 2026 | |||
| Other | ≈ 52.92% | 29.31M shares | |
| remainder | |||
55.39M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.12% | 4.50M | as of Jun 30, 2026 |
Capital Income BuilderInstitution | 5.25% | 2.91M | filed Feb 14, 2017 |
Dimensional Fund Advisors LPInstitution | 3.91% | 2.16M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 3.22% | 1.78M | as of Jun 30, 2026 |
Rubric Capital Management LPInstitution | 2.78% | 1.54M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Dec 10, 2025 | George Gwyer Braunegg | director | +552 | $90.42 |
- Progressive
National auto leader with agency, direct, home, and commercial overlap
- Allstate
Large personal-lines carrier across auto, home, agency, and direct
- Travelers
Agency P&C peer with personal auto, home, and small commercial lines
- Kemper
Specialty auto carrier with agency-led personal and commercial auto overlap
- Cincinnati Financial
Independent-agency P&C carrier bundling auto and homeowners
- The Hanover Insurance Group
Independent-agent personal-lines peer in auto and homeowners
- Chubb
High-net-worth home, auto, valuables, and umbrella competitor
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Mercury General | $99.16 | −1.18% | $5.56B | 5.9 | 8.3 | 0.9 | +5.5% |
| Progressive | $206.77 | −2.58% | $123.40B | 10.6 | 12.5 | 1.4 | +5.0% |
| Allstate | $229.88 | −5.34% | $62.52B | 4.8 | 8.2 | 0.9 | −7.2% |
| Travelers | $363.07 | −2.17% | $77.41B | 9.9 | 12.1 | 1.6 | −4.8% |
| Kemper | $26.57 | +0.08% | $1.56B | — | 8.5 | 0.3 | −11.0% |
| Cincinnati Financial | $166.26 | −0.35% | $25.61B | 7.9 | 19.0 | 1.8 | −18.9% |
| The Hanover Insurance Group | $219.84 | −1.51% | $7.77B | 10.7 | 11.5 | 1.2 | +0.4% |
| Chubb | $336.51 | −0.22% | $130.11B | 11.9 | 12.0 | 2.1 | −1.3% |
| Median | 10.3 | 12.0 | 1.4 | −4.8% |