Mercury General Corp., founded in 1961 and headquartered in Los Angeles, California, is a prominent automobile and homeowners insurance provider in the United States. The company primarily focuses on offering affordable insurance products while striving to deliver excellent customer service and claims handling.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| MCY 4.40% 2027-03-15 USDMercury General Corp. | United States | 2027-03-15 | 4.400 | 4.77 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Mercury General has actively participated in the bond market since the early 2000s, issuing bonds to support its operational and capital needs. Notably, in 2017, the company issued $150 million in 10-year senior notes, which garnered significant investor interest due to competitive yields compared to industry averages. As of 2023, the company’s current bond yields remain attractive, reflecting its strong credit profile and commitment to maintaining robust financial health amid market fluctuations.