Edited Transcript of MCY earnings conference call or presentation 28-Oct-19 5:00pm GMT [Yahoo! Finance News]
Mercury General Corporation (MCY)
Last mercury general corporation earnings: 2/10 08:30 am
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mercuryinsurance.com/investor-information
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Source: Yahoo! Finance News
Edited Transcript of MCY earnings conference call or presentation 28-Oct-19 5:00pm GMT Our California private passenger auto combined ratio deteriorated slightly to approximately 97.6% in the third quarter of 2019 from 97.4% in the third quarter of 2018. Overall, frequency was relatively flat and severity was up approximately 7% compared to the third quarter of 2018. Partially offsetting the year-over-year increase in loss severity in the quarter were recent rate increases. In California, a 6.9% personal auto rate increase for California Automobile Insurance Company was implemented in March 2019, and a 6.9% personal auto rate increase for Mercury Insurance company was implemented in May of 2019. Collectively, these represent 2/3 of company-wide direct premiums earned. Approximately 81% of the California Automobile Insurance Company rate increase was earned during the quarter and about 53% of the Mercury Insurance Company rate increase was earned during the quarter. Our third quarter 2
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MCY
Earnings
- 10/29/24 - Beat
MCY
Sec Filings
- 11/13/24 - Form 4
- 11/8/24 - Form SC
- 11/4/24 - Form 144
- MCY's page on the SEC website