Added to YB: 2025-01-14
Pitch date: 2025-01-13
MCY [bearish]
Mercury General Corporation
-102.03%
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
$46.19
Price Target
N/A
Dividend
1.45%
EV/EBITDA
6.56
P/E
11.08
EV/Sales
0.72
Sector
Insurance
Category
N/A
Show full summary:
California Wildfire Threats Put Mercury General’s Financial Health in Jeopardy
MCY: 6% CA market share in fire/homeowners. $1.2B surplus, 72% solvency ratio. $1.29B reinsurance above $150M retention. FAIR plan undercapitalized. $20-30B potential losses could wipe out 60-90% of MCY's cushion. Capital raise likely. Reinsurance reinstatement may not cover additional losses due to single event clauses.
Read full article (2 min)