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Mercury General (STU:MCG) Cash, Cash Equivalents, Marketable Securities


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What is Mercury General Cash, Cash Equivalents, Marketable Securities?

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Mercury General (STU:MCG) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Mercury General Corp (STU:MCG) » Definitions » Cash, Cash Equivalents, Marketable Securities
Traded in Other Exchanges
Address
4484 Wilshire Boulevard, Los Angeles, CA, USA, 90010
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, 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.