MERCURY GENERAL CORPORATION TO REPORT SECOND QUARTER RESULTS ON JULY 30, 2024

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Mercury General (NYSE: MCY) announced that it will release its second-quarter results for 2024 on July 30, 2024, after market close. The earnings press release will be accompanied by the Company's quarterly report on Form 10-Q, filed with the SEC. Mercury General specializes in personal automobile and homeowners insurance, distributed through independent producers and direct-to-consumer channels across multiple states. Investors and stakeholders are encouraged to review the earnings press release alongside the Form 10-Q for a comprehensive understanding of the company's financial performance.

Positive

• Upcoming release of second-quarter results indicates transparency and a commitment to keeping investors informed.
• Filing Form 10-Q with the SEC ensures regulatory compliance and provides a detailed financial overview.

Negative

• No specific performance metrics or preliminary results were disclosed, leaving uncertainty about the company's financial health.

LOS ANGELES, July 9, 2024 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today that after the markets close on Tuesday, July 30, 2024, the Company will issue an earnings press release reporting its results for the second quarter of 2024, and will also file its quarterly report on Form 10-Q with the Securities and Exchange Commission.  The earnings press release should be read in conjunction with the Company's quarterly report on Form 10-Q.

Mercury General Corporation and its subsidiaries are a multiple line insurance organization offering predominantly personal automobile and homeowners insurance through a network of independent producers and direct-to-consumer sales in many states.  For more information, visit the Company's website at http://www.mercuryinsurance.com.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for certain forward-looking statements. Certain statements contained in this press release are forward-looking statements based on the Company's current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that future developments affecting the Company will be those anticipated by the Company. Actual results may differ from those projected in the forward-looking statements. These forward-looking statements involve significant risks and uncertainties (some of which are beyond the control of the Company) and are subject to change based upon various factors, including but not limited to the following risks and uncertainties: changes in the demand for the Company's insurance products, inflation and general economic conditions, including general market risks associated with the Company's investment portfolio; the accuracy and adequacy of the Company's pricing methodologies; catastrophes in the markets served by the Company; uncertainties related to estimates, assumptions and projections generally; the possibility that actual loss experience may vary adversely from the actuarial estimates made to determine the Company's loss reserves in general; the Company's ability to obtain and the timing of the approval of premium rate changes for insurance policies issued in the states where it operates; legislation adverse to the automobile insurance industry or business generally that may be enacted in the states where the Company operates; the Company's success in managing its business in non-California states; the presence of competitors with greater financial resources and the impact of competitive pricing and marketing efforts; the Company's ability to successfully allocate the resources used in the states with reduced or exited operations to its operations in other states; changes in driving patterns and loss trends; acts of war and terrorist activities; pandemics, epidemics, widespread health emergencies, or outbreaks of infectious diseases; court decisions and trends in litigation and health care and auto repair costs; and legal, cybersecurity, regulatory and litigation risks. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as the result of new information, future events or otherwise. For a more detailed discussion of some of the foregoing risks and uncertainties, see the Company's filings with the Securities and Exchange Commission.

 

 

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SOURCE Mercury General Corporation

FAQ

When will Mercury General report its second-quarter results for 2024?

Mercury General will report its second-quarter results for 2024 on July 30, 2024, after market close.

What will accompany the earnings press release from Mercury General on July 30, 2024?

The earnings press release will be accompanied by the Company's quarterly report on Form 10-Q, which will be filed with the SEC.

What type of insurance does Mercury General offer?

Mercury General offers personal automobile and homeowners insurance.

Where can investors find more information about Mercury General 's insurance products?

Investors can find more information about Mercury General 's insurance products on the company's website at http://www.mercuryinsurance.com.