Mercury General ( (MCY) ) has issued an announcement.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Mercury General Corporation has released its preliminary assessment of the recent wildfires in Southern California, which have caused extensive damage since January 7, 2025. The company expects losses from the wildfires to exceed its reinsurance retention level of $150 million, with a reinsurance program that provides $1,290 million in limits per occurrence. Mercury’s claims adjusters are actively assisting customers, and further guidance on the claims process is available on their website.
More about Mercury General
Mercury General Corporation and its subsidiaries are a multiple line insurance organization offering predominantly personal automobile and homeowners insurance through a network of independent producers and direct-to-consumer sales in many states.
YTD Price Performance: -7.68%
Average Trading Volume: 268,263
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.36B
For an in-depth examination of MCY stock, go to TipRanks’ Stock Analysis page.
