MCYNYSE

MERCURY GENERAL CORP

Fire, Marine & Casualty Insurance · CA · CIK 64996

MERCURY GENERAL CORP provides insurance and engages in rate-making and policy writing for various insurance lines

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$5.59B

Market cap

$107.20

Last close

-0.3%

+3.9%

325K

Volume

Price · last 39 sessions+12.3%

May 4L $95.49 · H $107.47Jun 29

375

Total filings

Jun 24, 2026

Last filing

12/31

Fiscal year end

All 8-K · 184 10-Q · 92 DEF 14A · 31 10-K · 30 DEFA14A · 19 SC 13G · 8 424B5 · 6 10-Q/A · 2

Insider Activity

In the 90 days to Dec 10, 2025: 1 insider bought $50K.

Date	Insider	Action	Shares	Price	Value
Dec 10, 2025	Braunegg George GwyerDirector	Buy	552	$90.42	$50K

Open-market buys & sells (Form 4, transaction codes P/S). Source: SEC structured insider data.

What Changed

Risk factors · Feb 11, 2025 → Feb 17, 2026

15 added · 4 removed between the two most recent 10-Ks. The risks a company starts — or stops — disclosing are often the story.

Newly disclosed

Effective February 4, 2025, the United States announced additional tariffs for goods imported into the United States from Mexico, Canada, and China, which was followed by a series of other tariff-related announcements by the United States and other countries.
Although the amount of subrogation recoverable from third parties is recorded as an offset against loss and loss adjustment expense reserves, no assurance can be given that the Company will be able to collect the recoverable amount from third parties through litigation and/or negotiation.
Financial Statements and Supplementary Data" for discussion of significant amounts of subrogation recoverable resulting from the Palisades and Eaton wildfires that occurred in January 2025.
Alternatively, the Company may choose to seek subrogation recovery through litigation and/or negotiation with the parties involved.
If the amounts actually recoverable under the Company’s reinsurance treaties are ultimately determined to be less than the amount it has reported as recoverable, the Company may incur a loss during the period in which that determination is made. 18 There is uncertainty involved in the collectability of subrogation recoverable.
Although the Company cannot predict what additional actions may ultimately be taken by the United States or other governments with respect to tariffs or trade relations, such actions could increase the Company's loss costs due to higher repair and replacement costs for insured properties and cause a decline in the value of its investment portfolio due to disruptions in financial markets, which could adversely affect the Company's business, financial condition and results of operations.
In addition, the Company may not be able to find suitable buyers for its subrogation rights or sell such rights for a price equal to or higher than the amount that the Company recorded as subrogation recoverable.
When catastrophe events occur, the total potential amount of subrogation recoverable from third parties can be significant due to the large losses resulting from the catastrophes.
When the Company is presented with the right opportunity to sell its subrogation rights, the Company may sell such rights to third party investors or financial institutions.
Assessments and other surcharges for guaranty funds, second-injury funds, catastrophe funds, and other mandatory pooling arrangements may reduce the Company’s profitability.
The failure of any loss limitation methods employed by the Company could have a material adverse effect on its financial condition or results of operations.
The Company actively pursues subrogation against responsible third parties after paying covered claims to its policyholders.

No longer disclosed

In addition, potential litigation involving new claim, coverage, and business practice issues could adversely affect the Company’s business by changing the way policies are priced, extending coverage beyond its underwriting intent, or increasing the size of claims.
Although the Company has consistently paid cash dividends in the past, it may not be able to pay or increase cash dividends in the future.
The Company’s success also depends upon the continued contributions of its executive officers, both individually and as a group.
Subsequent Event in Notes to Consolidated Financial Statements under Part II-Item 8.

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