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Mercury Ratings and Company Information
Best Insurance Reports: A+
Url of page where rating was collected:
Best Rating: A.M. Best rating: A+ (superior)
Type of Insurance Company: Stock
Name of Parent Company:
Mercury Casualty Company
Auto Insurance Specialists LLC
AIS Management LLC
PoliSeek AIS Insurance Solutions, Inc.
Mercury Select Management Company, Inc.
California Automobile Insurance Company
Company History: Mercury Insurance was founded in 1962 by George Joseph. In 1968, Mercury established a holding company and in 1985 the company converted to public ownership. It began to expand outside of California in 1989 and expanded to offer auto, home and umbrella coverage in 1993. In 2007, 2008, 2009 and 2014 Mercury was named one of America's Most Trustworthy Companies by Forbes. In 2009 Mercury also purchased AIS (the largest independent insurance agency in the US). The Company employs approximately 4500 individuals.
Principle Sales Methods: Independent agents and brokers. There are almost 8,300 agents in total.
Auto Business: Mercury is the #1 independent writer of auto insurance and the #5 largest private passenger insurer in California.
Homeowners Business: Mercury insurance offers coverage for: dwelling protection, personal property, extended replacement cost, additional living expenses, personal liability protection, guest medical protection,and identity theft protection. The company offers discounts for: protective devices, fire-resistant construction materials, newer homes, gated communities, and higher deductibles.
Special Business: California accounts for more than 75% of Mercury's revenues from premiums.
Company Financial Status:
Ticker Symbol: MCY (NYSE)
Assets & Premiums:
2013 Shareholder's Equity: $1.8 billion
2013 Premium to surplus ratio: 1.8 to 1
2013 Premiums written: 2,728,999
2013 Premiums earned: 2,698,187
2013 Total Assets: over $4 billion
Lines of Insurance:
States licensed to sell insurance in:
AZ, CA, FL, GA, IL, MI, NV, NJ, NY, OK, PA, TX, VA