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American insurance organization
Mercury General
Company type
Public
Traded as
NYSE: MCY S&P 600 Component
Industry
Insurance
Founded
1960
Headquarters
4484 Wilshire Boulevard Los Angeles, California
Key people
Gabriel Tirador, CEO & President, George Joseph, Founder & Chairman
Revenue
US$3.380 billion (2018) [1][2]
Operating income
US$30.61 million (2018)[2]
Net income
US$5.728 million (2018)[2]
Total assets
US$5.433 billion (2018)[2]
Total equity
US$1.617 billion (2018)[2]
Owner
George Joseph and family (35.3%)[3]
Number of employees
4,300[4] (2017)
Website
www.mercuryinsurance.com
Mercury General Corporation is a multiple-line insurance organization that offers personal automobile, homeowners, renters, and business insurance. Founded in 1961 and located in Los Angeles, Mercury has assets of over $4 billion,[5] employs 4,500 people, and more than 8,000 independent agents in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas, and Virginia.[5]
Mercury's primary focus is automobiles and homeowners' insurance. However, the company also writes personal liability policies (umbrella), business insurance, mechanical breakdown protection (similar to an extended warranty for vehicles), renters, service line protection, home systems protection, identity management protection and ride-hailing insurance.[6]
^"MCY Income Statement - Balance Sheet - Cash Flow - Mercury General Corporation Com Stock - Yahoo Finance". Retrieved 23 March 2017.
^ abcde"Mercury General Corp - Form 10-k - 2018". Retrieved 12 March 2019.
MercuryGeneral Corporation is a multiple-line insurance organization that offers personal automobile, homeowners, renters, and business insurance. Founded...
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Global Information
US$3.380 billion (2018) [1][2]
US$5.433 billion (2018)[2]