External reports (aggregated public sources), Value Investors Club

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External reports (aggregated public sources)

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<ul><li>Mercury General, founded by George Joseph in 1961, is a major player in the insurance industry, specializing in personal auto, homeowners, and commercial auto insurance</li><li>George Joseph, now 102 years old, remains actively involved in the company as chairman and owns 35% of the company, with his wife holding another 16.5%</li><li>The Josephs have held onto their stock for decades, with George's compensation remaining modest at around $1.5 million a year, relying on dividends for income</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.</em></p>

Mercury General, founded by George Joseph in 1961, is a major player in the insurance industry, specializing in personal auto, homeowners, and commercial auto insuranceGeorge Joseph, now 102 years old, remains actively involved in the company as chairman and owns 35% of the company, with his wife holding another 16.5%The Josephs have held onto their stock for decades, with George's compensation remaining modest at around $1.5 million a year, relying on dividends for incomeThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Mercury General Corporation  (MCY) - Thursday, Mar 7, 2024

United States

Mercury General Corporation is a specialty writer of all risk classifications of automobile insurance.  The Company is an agency writer of private passenger automobile insurance in California.  Mercury operates primarily in California with operations in several other states.

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Mercury General (MCY US)

Mercury General Corporation (MCY) - Thursday, Mar 7, 2024

Mercury General, founded by George Joseph in 1961, is a major player in the insurance industry, specializing in personal auto, homeowners, and...

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