Major Rating Factors:
History of adequate reserve strength (5.9 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2023. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent overall results on stability tests (8.7). Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification. Fair profitability index (4.8) with operating losses during 2022 and 2023.
Stability Factors:
Principal Lines of Business:
Personal/comm auto (64.6%), homeowners (25.3%), comm multi (5.5%), other (4.6%)
Licensed in:
AZ, CA, FL, MI, NV, NY, TX, VA, WA
Principal Investments:
Investment grade bonds (50.9%), common stock (30.4%), cash (11.6%), real estate (0.5%), preferred stock (0.4%), non investment grade bonds (0.2%), other (6.0%)
Corporate Info
Group Affiliation
Mercury General Corporation
Investment Rating
Company Address
555 West Imperial Highway
Brea, CA 92821
Brea, CA 92821
Phone Number
(714) 671-6600
NAIC Number
11908
Website
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