Mercury

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Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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UPDATED: Aug 20, 2020

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Company Details
Address: 4484 Wilshire Blvd.
City: Los Angeles
State: CA
ZIP Code: 90010-3700
Phone Number: 800-956-3728
AM Best Rating: A+
URL where was collected the AM Best Rating: http://www.ambest.com/ratings/
Lines of Insurance: auto, home
States Licensed To Sell Insurance In: AZ, CA, FL, GA, IL, MI, NV, NJ, NY, OK, PA, TX, VA
Type of Insurance Company: Stock
Top executive Contact: Gabriel Tirador
Title of Top executive: President.CEO
Ticker Symbol: MCY (NYSE)
Assets & Premiums: 2013 Shareholder's Equity: $1.8 billion2013 Premium to surplus ratio: 1.8 to 12013 Premiums written: 2,728,9992013 Premiums earned: 2,698,1872013 Total Assets: over $4 billion
Insurance subsidiaries:
  1. Mercury Casualty Company
  2. Auto Insurance Specialists LLC
  3. AIS Management LLC
  4. PoliSeek AIS Insurance Solutions, Inc.
  5. Mercury Select Management Company, Inc.
  6. California Automobile Insurance Company
Company Rating 2.41 (41 reviews)

Company Overview:


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.

41 Comments

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