American Mercury Ins Co
Major Rating Factors:
Fair reserve development (4.1 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.8) with operating losses during 2021. Return on equity has been low, averaging 1.7% over the past five years. Fair overall results on stability tests (4.9) including excessive premium growth and weak results on operational trends.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (50.7%), homeowners (45.8%), other (3.6%)
Licensed in:
All states except DC, DE, HI, MA, ME, MI, NC, NH, NY, OH, RI, SC, VT, WV
Principal Investments:
Common stock (59.7%), cash (19.8%), investment grade bonds (12.6%), other (7.9%)
Corporate Info
Group Affiliation
Mercury General Corporation
Investment Rating
Company Address
500 N. Meridian
Oklahoma City, OK 73107
Oklahoma City, OK 73107
Phone Number
(405) 621-6590
NAIC Number
16810
Website
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