George Joseph founded the company as Mercury Insurance in 1961 and operated solely in California until 1990. The company initially offered private automobile insurance only.
Today Mercury General Corporation is the parent company to a group of insurers, including Workmen’s Auto Insurance Company and Mercury Casualty Company, which offer automobile insurance in 12 states. Standard auto insurance accounts for 80% of the company’s business, with the remaining 20% encompassing homeowners, umbrella, fire, and mechanical breakdown insurance.
Mercury General Corporation trades publicly on the New York Stock Exchange under the ticker symbol MCY, is a member of the S&P 400, is #767 in the Fortune 1000, has 4,400 employees, and had $3.69 billion in revenue in 2014.
Mercury General Corporation
George Joseph founded the company as Mercury Insurance in 1961 and operated solely in California until 1990. The company initially offered private automobile insurance only.
Today Mercury General Corporation is the parent company to a group of insurers, including Workmen’s Auto Insurance Company and Mercury Casualty Company, which offer automobile insurance in 12 states. Standard auto insurance accounts for 80% of the company’s business, with the remaining 20% encompassing homeowners, umbrella, fire, and mechanical breakdown insurance.
Mercury General Corporation trades publicly on the New York Stock Exchange under the ticker symbol MCY, is a member of the S&P 400, is #767 in the Fortune 1000, has 4,400 employees, and had $3.69 billion in revenue in 2014.
History
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