Mercury General Corp. named Wilson Pang chief technology officer to lead its technological transformation efforts. As part of Mercury’s executive leadership team, Pang will develop and drive digital transformation strategies and will be responsible for overseeing the company’s software engineering …
Mercury General Corp. on Monday reported second-quarter earnings of $228.2 million. The Los Angeles-based company said it had net income of $4.12 per share. Earnings, adjusted for investment gains, were $1.86 per share. The auto insurance company posted revenue of …
Mercury General Corp. on Monday reported fourth-quarter profit of $31.7 million. On a per-share basis, the Los Angeles-based company said it had profit of 57 cents. Earnings, adjusted for investment gains, came to 21 cents per share. The auto insurance …
Mercury General Corp. reported a fourth-quarter loss of $81.9 million, after reporting a profit in the same period a year earlier. The Los Angeles, Calif.-based carrier said it had a loss of $1.48 per share. Losses, adjusted for investment costs, …
Mercury General Corp. reported third-quarter net income of $58.6 million. On a per-share basis, the Los Angeles-based insurance carrier said on Monday it had profit of $1.06. Earnings, adjusted for investment costs, were $1.11 per share. The auto insurance company …
Mercury General Corp. has reported fourth-quarter net income of $19.8 million, after reporting a loss in the same period a year earlier. The Los Angeles-based company said it had net income of 36 cents per share. Earnings, adjusted for investment …
Mercury General Corp. reported net written premiums rose 8 percent for the third quarter from a year ago. The board of directors for the Los Angeles, Calif.-based carrier also declared a quarterly dividend of 62 cents per share. The dividend …
Mercury General Corp. has entered into a definitive agreement to purchase of Workmen’s Auto Insurance Co. Both insurers are based in Los Angeles, Calif. The purchase price is $8 million and the transaction is expected to close during the first …
Mercury General Corp. on Monday reported a net loss for the second quarter driven partly by an increase in severity trends, sending the Los Angeles, Calif.-based insurer’s shares down nearly 6 percent. The company’s net reported loss for the second …
Mercury General Corp. reported on Monday that net income in the first quarter rose to $73.4 million from $58.2 million during the same time last year due to lower loss expenses and gains on investments. Income rose to $1.34 per …
