Mercury Insurance Group was founded by George Joseph in 1961 as a low-cost alternative to larger insurance companies. The company operated solely in California until 1990.
Today Mercury Insurance Group is the parent to a group of insurers that offer automobile insurance to individuals, which accounts for 80% of the company’s business. Mercury also offers commercial auto insurance and homeowners, umbrella, mechanical breakdown, and fire insurance.
The company’s principal subsidiary is Mercury Casualty Company.
Mercury Insurance Group trades publicly on the New York Stock Exchange under the ticker symbol MCY, is a member of the S&P 500, is #767 in the Fortune 1000, has 4,500 employees, and had $3 billion in revenue in 2013.
Mercury Insurance GroupMercury Insurance Group was founded by George Joseph in 1961 as a low-cost alternative to larger insurance companies. The company operated solely in California until 1990.
Today Mercury Insurance Group is the parent to a group of insurers that offer automobile insurance to individuals, which accounts for 80% of the company’s business. Mercury also offers commercial auto insurance and homeowners, umbrella, mechanical breakdown, and fire insurance.
The company’s principal subsidiary is Mercury Casualty Company.
History
Mercury Insurance Group trades publicly on the New York Stock Exchange under the ticker symbol MCY, is a member of the S&P 500, is #767 in the Fortune 1000, has 4,500 employees, and had $3 billion in revenue in 2013.