Mercury Insurance (http://www.mercuryinsurance.com) is celebrating 50 years of offering quality insurance for your auto, home and business, all while providing some of the lowest rates available.
George Joseph founded Mercury General Corporation on the belief he could offer consumers quality insurance products at affordable rates…and combine that with top-notch customer service. Mercury has delivered on this promise for the past 50 years and the company has grown to become one of the most respected insurance companies in the United States.
Founded – 1962
Location – Los Angeles, California
Awards – A+ rating from global credit rating agency A.M. Best; Named to Forbes list of America’s Most Trustworthy Companies.
2012 – Mercury celebrates its 50th anniversary.
2011 – Mercury launches "Don't Text and Drive" public service campaign with Los Angeles Kings' Anze Kopitar and Dodgers' Andre Ethier.
2010 – Mercury joins the worldwide relief effort to assist victims of Haiti's devastating earthquake by matching employee donations up to an additional $50,000.
2009 – Mercury becomes one of only 10 companies named to the Forbes.com list of America’s Most Trustworthy Companies three years in a row (2007, 2008 and 2009).
2008 – Year-end stats include: $4 billion in assets; 4,700 independent agents and brokers in 13 states; $1.5 billion in shareholders’ equity.
2007 – Mercury rings the opening bell on the NYSE, celebrating 10 years of listing on the exchange.
2006 – Net premiums written continue to grow, exceeding the $3 billion mark.
2005 – Mercury’s total assets exceed $4 billion for the first time.
2004 – Underwriting profits soar to $273 million, the highest in company history.
2003 – Company-wide written premiums top $2.25 billion.
2002 – Mercury celebrates its 40th anniversary.
2001 – Mercury enters New York and Virginia markets.
1998 – Mercury issues its first policy in Florida.
1997 – George Joseph’s three-year growth prediction is fulfilled when Mercury doubles premium volume by the end of the year and reaches $1.08 billion in sales.
1996 – Mercury acquires American Fidelity Insurance Group, which expands Mercury’s operations (as American Mercury Insurance Group) into Oklahoma, Texas and Kansas.
1994 – George Joseph predicts Mercury’s premium volume will double within three years and exceed $1 billion by the end of 1997.
1993 – Mercury expands product offerings to auto, home and umbrella coverage.
1992 – Mercury employee roster expands to 1,200.
1989 – Mercury begins expansion outside of California.
1987 – Professional Insurance Agent Association names George Joseph “Company Person of the Year.”
1986 – Mercury board of directors issues $.05 quarterly dividend (and has increased annual dividends every year since).
1985 – Mercury converts to public ownership and initial public offering on NASDAQ goes at $19 a share.
1978 – Mercury establishes insurance industry’s first Special Investigations Unit (SIU) to fight insurance fraud.
1977 – Newly created Mercury Insurance Company writes its first auto policy.
1973 – Mercury revenues increase for 10th consecutive year.
1972 – Mercury sells its first homeowners policy.
1971 – Number of Mercury agents increases to 467.
1970 – Mercury writes $1 million in premiums during a single month.
1968 – Mercury establishes a holding company, which acquires shares of Mercury Casualty Company and makes it a wholly-owned subsidiary of Mercury General Corp.
1967 – Mercury receives an A+ rating from global credit rating agency A.M. Best.
1966 – Mercury opens its first offices in the San Fernando Valley.
1964 – Mercury opens its first Orange County, CA office.
1962 – Mercury Insurance founded in 1962 by George Joseph, opening its first office on Wilshire Boulevard in Los Angeles.