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Mercury General: LA Wildfire Losses Rise Largely on Higher Partial-Loss Claims
States Securities and Exchange Commission. Net income still jumped 58.3% higher in the second quarter to $263.5 million, helped by higher premiums and investment gains. Net ...
Source: BestWire   Date: August 5, 2026
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AM Best Assigns Issue Credit Ratings to Mercury General Corporation’s New Senior Unsecured Notes
Mercury General Corporation (Mercury General) (Los, Angeles, CA). The outlook assigned to this Credit Rating (rating) is stable. Mercury General intends to use the proceeds of the ...
Source: Press Releases   Date: June 24, 2026
AM Best Assigns Issue Credit Ratings to Mercury General Corporation's New Senior Unsecured Notes
Mercury General Corporation (Mercury General) (Los, Angeles, CA). The outlook assigned to this Credit Rating (rating) is stable. Mercury General intends to use the proceeds of the ...
Source: BestWire   Date: June 24, 2026
Mercury General Swings to First-Quarter Net Income as 2025 LA Fires Continue to Take Toll
States Securities and Exchange Commission. That included subrogation recovered or recoverable of $21.4 million from Easton and $2.2 million from Palisades. Mercury General said it ...
Source: BestWire   Date: May 6, 2026
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AM Best Revises Outlooks to Stable and Affirms Credit Ratings of Mercury General Corporation and Its Subsidiaries
Casualty Group (Mercury). Concurrently, AM Best has revised the outlook to stable from negative and affirmed the Long-Term ICR of "bbb" (Good) of the organization's publicly traded ...
Source: Press Releases   Date: February 24, 2026
AM Best Revises Outlooks to Stable and Affirms Credit Ratings of Mercury General Corporation and Its Subsidiaries
Casualty Group (Mercury). Concurrently, AM Best has revised the outlook to stable from negative and affirmed the Long-Term ICR of "bbb" (Good) of the organization's publicly traded ...
Source: BestWire   Date: February 24, 2026
Best's Credit Rating Notification - Mercury General Corporation
AM Best has made the following rating update: Company: Mercury General Corporation AMB #: 058411 Current Best's Credit Ratings: Best's Long-Term Issuer Credit Rating (LT-ICR): bbb ...
Source: Rating Actions   Date: February 24, 2026
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Mercury General Fourth-Quarter Net Income Doubles; Year-End Wildfire Claims Exceed $1.4B
Tirador said in a statement. Annual net income still rose 15.6% to $541.1 million. Annual cat losses net of reinsurance jumped to $508 million from $277 million in 2024, which the ...
Source: BestWire   Date: February 18, 2026
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Mercury General Q3 Net Income Up 21.5% on Lower Cats and Improved Combined Ratio
Texas and Oklahoma, the company said. Cat losses net of reinsurance, for the nine months ending Sept. 30, were reduced by approximately $574 million due to subrogation from the two ...
Source: BestWire   Date: November 4, 2025
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Using New Wildfire Model, Mercury General Seeks 6.9% Overall California Homeowners Rate Hike
... Operating entities of Mercury General Corp. currently have a Best's Financial Strength Rating of A (Excellent). Shares of Mercury General Corp. (NYSE: MCY) traded on the afternoon ...
Source: BestWire   Date: August 18, 2025
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Liberty Mutual Agrees to Point Customers to Mercury as it Exits Multiple California Safeco Lines
Mercury said in a statement. Liberty Mutual is glad it found a "solution for many of our impacted Safeco agents and customers by partnering with Mercury Insurance to provide them ...
Source: BestWire   Date: August 6, 2025
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Mercury General Second-Quarter Net Income Doubles; Cat Losses Dip on Wildfire Subrogation
Southern California Edison on the Eaton fire. The utility is launching a voluntary, claims program for losses incurred from Easton. Blame for the catastrophic wildfire hasn't been ...
Source: BestWire   Date: July 29, 2025
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Mercury Insurance Grows Calif. Homeowners Share as Science Exec Calls Wildfire 'Solvable Problem'
Climate and Catastrophe Science Steve Bennett. The company incrementally increased its market share of California homeowners multiperil insurance in each of the past five years to ...
Source: BestWire   Date: June 25, 2025
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Mercury General Posts Net Loss on California Wildfire Costs
Southern California Edison on the Eaton fire. Mercury estimates its gross catastrophe losses before reinsurance, excluding its share of FAIR Plan losses and estimated subrogation ...
Source: BestWire   Date: May 6, 2025
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Best's Credit Rating Notification - Mercury General Corporation
AM Best has made the following rating update: Company: Mercury General Corporation AMB #: 058411 Current Best's Credit Ratings: Best's Long-Term Issuer Credit Rating (LT-ICR): bbb ...
Source: Rating Actions   Date: February 20, 2025
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AM Best Revises Outlooks to Negative for Mercury General Corporation and Its Subsidiaries
Casualty Group (Mercury). Concurrently, AM Best has revised the outlook to negative from stable and affirmed the Long-Term ICR of "bbb" (Good) of the organization's publicly traded ...
Source: Press Releases   Date: February 20, 2025
AM Best Revises Outlooks to Negative for Mercury General Corporation and Its Subsidiaries
Casualty Group (Mercury). Concurrently, AM Best has revised the outlook to negative from stable and affirmed the Long-Term ICR of "bbb" (Good) of the organization's publicly traded ...
Source: BestWire   Date: February 20, 2025
Mercury General CEO: FAIR Plan Assessment Share Is $50 Million, Half Recoupable From Policyholders
Executive Officer Gabe Tirador. The company considers the catastrophic fires a 2025 earnings event and expects to build back surplus with "strong core underlying earnings," Tirador ...
Source: BestWire   Date: February 12, 2025
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Mercury General 4Q Net Income Falls 47% as It Predicts 1Q Fire Loss of Up to $325 Million
Palisades and Eaton wildfires. The range based on potential subrogation recoverability in the Eaton Fire that destroyed wide swaths of Altadena, whether the company deems the ...
Source: BestWire   Date: February 11, 2025
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Mercury General Ponders if It Will Classify Palisades and Eaton Fires as Separate Events
Services Office, each event can be considered a separate occurrence. The PCS has designated the Palisades and Eaton wildfires as separate events, Mercury said. "As more information ...
Source: BestWire   Date: January 20, 2025
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