MERCURY GENERAL CORP

Mercury General Corporation primarily underwrites personal automobile insurance through its 12 insurance subsidiaries across 11 states, with a significant focus on California. The company also offers homeowners, commercial automobile, commercial property, mechanical protection, and umbrella insurance policies. These policies are predominantly distributed through independent agents who earn commissions. For the year ended December 31, 2025, the company reported total direct premiums written of $5,982,537 thousand. Of this, California accounted for $4,909,788 thousand (82.1%), Texas for $401,460 thousand (6.7%), and other states for $671,289 thousand (11.2%). Private Passenger Automobile insurance represented $3,591,215 thousand (60.0%) of total premiums, Homeowners $1,630,920 thousand (27.3%), Commercial Automobile $387,380 thousand (6.5%), and Other Lines $373,022 thousand (6.2%). In 2024, total direct premiums written were $5,500,835 thousand, with California contributing $4,430,628 thousand (80.5%), Texas $388,348 thousand (7.1%), and other states $681,859 thousand (12.4%). Private Passenger Automobile premiums were $3,395,824 thousand (61.7%), Homeowners $1,367,297 thousand (24.9%), Commercial Automobile $386,994 thousand (7.0%), and Other Lines $350,720 thousand (6.4%). For 2023, total direct premiums written were $4,558,488 thousand. California accounted for $3,612,722 thousand (79.3%), Texas $330,266 thousand (7.2%), and other states $615,500 thousand (13.5%). Private Passenger Automobile premiums were $2,841,782 thousand (62.4%), Homeowners $1,119,004 thousand (24.5%), Commercial Automobile $346,221 thousand (7.6%), and Other Lines $251,481 thousand (5.5%).