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Mercury General Corporation (NYSE: MCY) reported that on Monday, May 4, 2020, the Company will release results for its first quarter ended March 31, 2020. The Company will host an investor conference call and webcast that same day at 10:00 A.M. Pacific Time (1:00 P.M. Eastern Time) to review its results of operations for the first quarter period.
Q1 2020 Mercury General Corp Earnings Call
Shares of Mercury General (NYSE:MCY) fell 2% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share increased 22.99% over the past year to $1.07, which beat the estimate of $0.88.Revenue of $708,311,000 lower by 30.42% year over year, which missed the estimate of $972,870,000.Looking Ahead Mercury General hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.Conference Call Details Date: May 04, 2020View more earnings on MCYWebcast URL: https://www.mercuryinsurance.com/investor-information/Price Action Company's 52-week high was at $65.2252-week low: $33.45Price action over last quarter: down 23.25%Company Overview Mercury General Corp is an insurance holding company operating in the property-casualty market, where it focuses on low-cost auto insurance for individuals, with operations in nearly 13 United States of America states. However, most of its business--about 75% of premiums--comes from California, where it was established by George Joseph, the current company chairman and majority owner. Its insurance is distributed exclusively through independent agents.See more from Benzinga * Recap: DSP Group Q1 Earnings * Recap: Ceragon Networks Q1 Earnings * Pitney Bowes: Q1 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Mercury General (MCY) delivered earnings and revenue surprises of 25.88% and -1.36%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
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Mercury General (MCY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The California Medical Association's Wellness Program (CMA Wellness) and Mercury Insurance today announced a partnership on a new initiative, Care 4 Caregivers Now, that provides frontline healthcare workers with mental and emotional wellness support and coaching. Care 4 Caregivers Now will train and connect volunteer physicians, nurses and healthcare workers to provide peer-to-peer coaching to assist those serving on the front lines of the COVID-19 pandemic.
Today, Mercury Insurance (NYSE: MCY) announced it is extending its Giveback Program for California customers through May 31, 2020, bringing the total giveback to over $80 million countrywide. The company will automatically credit customers' accounts, providing much needed relief during this time.
Recognizing that the COVID-19 crisis has altered driving patterns, resulting in fewer accidents and claims, Mercury Insurance today announced the company would be giving back 15% of monthly auto insurance premiums to customers in April and May. Subject to regulatory approval, the company will automatically credit customers' accounts, providing much needed relief during this time. The Mercury Giveback program applies to personal auto policyholders in the 11 states in which they operate.
Mercury General Corporation (NYSE: MCY) today announced a change in location for its 2020 Annual Meeting of Shareholders scheduled for Wednesday, May 13, 2020, at 10:00 a.m. Pacific Time from The Wilshire Country Club, 301 North Rossmore Avenue, Los Angeles, California, to its headquarters at 4484 Wilshire Boulevard, Los Angeles, California. This change is being implemented due to a recent statewide order by the Governor of California to close all non-essential businesses, which include the Wilshire Country Club, stemming from the coronavirus (COVID-19) pandemic.
Q4 2019 Mercury General Corp Earnings Call
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At this time, I would like to welcome everyone to the Mercury General Quarterly Conference Call. This conference call may contain comments and forward-looking statements based on current plans, expectations, events, and financial and industry trends, which may affect Mercury General's future operating results and financial position. On the phone, we have Mr. George Joseph, Chairman; Ted Stalick, Senior Vice President and CFO; Jeff Schroeder, Vice President and Chief Product Officer; and Chris Graves, Vice President and Chief Investment Officer.
Mercury General Corporation (NYSE: MCY) reported today for the first quarter of 2020: