Mercury General (NYSE-MCY) is the leading independent broker and agency writer of automobile insurance in California and has been one of the fastest growing automobile insurers in the nation. It is ranked as the third largest private passenger automobile insurer in California, with total assets of $4 billion. Mercury also writes automobile insurance in Florida, Georgia, Texas, Illinois, Michigan, Nevada, Oklahoma, Pennsylvania, New York, Virginia, New Jersey and Arizona. In addition to automobile insurance, Mercury writes other lines of insurance in various states, including mechanical breakdown and homeowners insurance.
Since its formation in 1961, Mercury has concentrated on building and improving the foundation on which long-term shareholder value is created. First and foremost is the careful underwriting, strict cost control and efficient claims management which support affordable, competitive automobile insurance rates. Highly motivated managers and employees working with Mercury's independent brokers and agents (its front-line underwriting partners) make the Mercury system work.
In 2009, Mercury's Board of Directors declared a quarterly dividend of $0.58 per-share. Mercury's long-term financial performance has allowed us to maintain our dividend every year since 1986.
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