Professional
Added to YB: 2025-08-22
Pitch date: 2025-08-05
MCY [neutral]
Mercury General Corporation
+31.13%
current return
Author Info
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Company Info
Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance in the United States.
Market Cap
$4.9B
Pitch Price
$71.16
Price Target
N/A
Dividend
1.45%
EV/EBITDA
6.56
P/E
11.08
EV/Sales
0.72
Sector
Insurance
Category
value
Show full summary:
Springview Capital Management Portfolio Holding: Mercury General Corporation
MCY trimmed position: California insurer rebounded +21% in Q2 after -15% Q1 drop from LA wildfires. Net exposure ~$320M (17% of pre-fire book value), with reinsurance coverage mitigating damages. Q2 after-tax earnings $148M with $380-440M annual run-rate. GAAP book value now exceeds pre-wildfire level. Trades 9-10x earnings.
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