| Business Summary | | Mercury
General
Corporation,
an
insurance
holding
company,
is
the
parent
of
automobile
insurer
Mercury
Casualty
Company.
Its
insurance
operations
in
California
are
conducted
through
three
California
insurance
company
subsidiaries,
Mercury
Casualty,
Mercury
Insurance
Company
and
California
Automobile
Insurance
Company.
Mercury
General
and
its
subsidiaries
are
engaged
primarily
in
writing
all
risk
classifications
of
automobile
insurance
in
a
number
of
states,
principally
California.
The
Company
also
writes
homeowners
insurance,
mechanical
breakdown
insurance,
commercial
and
dwelling
fire
insurance
and
commercial
property
insurance. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Mercury
General
Corp.
is
an
insurance
holding
Co.
engaged
primarily
in
writing
all
risk
classifications
of
automobile
insurance
in
CA.
Total
revenues
for
the
six
months
ended
6/30/01
rose
7%
to
$723.9
million.
Net
income
fell
9%
to
$51.2
million.
Revenues
reflect
increased
homeowners
and
non-standard
automobile
premiums
in
California.
Earnings
were
offset
by
higher
loss
ratio
due
to
increased
frequency
and
severity
recorded
on
CA
auto
claims. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| George Joseph, 79 Chairman,
Pres, CEO | $821K | Cooper Blanton, Jr., 73 Exec.
VP | 358K | Bruce Norman, 52 Sr.
VP of Marketing | -- | Gabriel Tirador, 35 VP
and CFO | 340K | Judy Walters, 54 VP-
Corp. Affairs and Sec. | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
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