Mercury Personal Auto Policies in California Rise to 1.085 Million as Homeowners Policies Grow About 10 Percent
Insurance Business reported on November 4, 2026, that Mercury General expanded its California book in the third quarter of 2026, with growth in both personal auto and homeowners policies.
The report said Mercury homeowners policies in force grew from 883000 at year end 2025 to 968000 by September 30, 2026, an increase of approximately 10 percent in nine months. Personal auto policies grew from 1.044 million to 1.085 million over the same period.
Mercury received a 6.9 percent California homeowners rate increase effective July 2026 under the state Sustainable Insurance Strategy, the reform framework that allows carriers to use forward looking catastrophe models in pricing and to factor reinsurance costs into rates, the report said.
On results, the report said Mercury posted a third quarter net loss of 13.7 million dollars against net income of 280.4 million dollars in the same period a year earlier, with quarterly catastrophe losses of 23 million dollars net of reinsurance, including approximately 4 million dollars in adverse reserve development on the Palisades and Eaton wildfires.
Source: Mercury General Corporation
Published by GSM · USA (original Chinese edition)
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