Mercury General Corporation (MCY) Stock

Mercury General Corporation (MCY) is a Financials stock trading at $105.78 (as of 2026-08-21), with a market capitalization of $5.86B and a trailing P/E of 7.0. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance in the United States. The company also writes homeowners, commercial automobile, commercial property, mechanical protection, and umbrella insurance products. Its automobile insurance products include collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards; and homeowners insurance products comprise dwelling, liability, personal property, fire, and other hazards. The company sells its policies through a network of independent agents and insurance agencies, as well as directly through internet sales portals in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas, and Virginia. Mercury General Corporation was founded in 1961 and is headquartered in Los Angeles, California.

Understand Mercury General Corporation: how it makes money

Mercury General writes personal automobile insurance in the United States, and also offers homeowners, commercial automobile, commercial property, mechanical protection, and umbrella insurance. It makes money by selling these insurance policies and collecting premiums, then paying claims and expenses when losses occur.

Insurance profits are primarily determined by the balance between premiums collected and the level and timing of claims (including catastrophe losses), with reinsurance recoveries influencing the net outcome.

Business quality (Mixed): The provided operating KPIs focus on policy scale (policies in force) and specific catastrophe claim flows (wildfire payments, reinsurance billing and receipts), but the input set does not include a clean reportable segment revenue breakdown.

Valuation: At 7× earnings, MCY trades 46% below the Insurance average (13×). Note: one-time items can distort reported P/E.

Bull case

  • Policy scale in core personal lines: Personal Automobile Policies in Force are 1057.0 (count), with Homeowners Policies in Force at 906.0 (count).
  • Reinsurance-related wildfire cash flow is tracked: Wildfire Claims Paid (Payments to Date) are 1.4 (USD_B), while Wildfire Claims Received from Reinsurers are 0.53 (USD_B), indicating recoveries are part of the net claims picture.

Bear case

  • Catastrophe losses can pressure results: For Southern California Wildfires, Net Catastrophe Losses and Loss Adjustment Expenses Before Income Taxes are 0.41 (USD_B), and Catastrophe Losses are 0.04 (USD_B).
  • Smaller commercial policy base in the provided KPIs: Commercial Policies in Force are 34.0 (count), and Commercial Automobile Policies in Force are 40.0 (count), which is much smaller than personal lines.
Valuation — source: SEC EDGAR (first-party)
Price$105.78
Market Cap$5.86B
P/E Ratio7.0
EV / EBITDA4.0
Price / Book2.26
Price / Sales0.95
FCF Yield24.2%
DCF Value (model)$223.49
DCF Upside vs Price111.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$5.99B
Net Margin9.0%
Revenue Growth (YoY)10.5%
EPS Growth (YoY)-275.5%
FCF Growth (YoY)-477.2%
Valuation vs Sector & Industry
Stock P/E7.0
Sector P/E (Financials)15.1
Industry P/E (Insurance)13.0
vs Sector-53.8%
vs Industry-46.5%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($380.56M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryInsurance
CEOGabriel Tirador
Employees4,200
CountryUS
IPO Date1985-11-20

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MCY earnings history · MCY institutional & insider holders · MCY KPIs & operating metrics · MCY financials · MCY investor presentations & press releases · MCY SEC filings · MCY peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.