LOS ANGELES, April 18, 2023 /PRNewswire/ — Mercury General Corporation MCY reported today that after the markets closed Tuesday, May 2, 2023, the company will issue an earnings press release reporting its results for the first quarter of 2023 and will also file its Quarterly Report on Form 10-Q with the Securities and Exchange Commission. The earnings press release should be read in conjunction with the company’s quarterly report on Form 10-Q.
Mercury General Corporation and its subsidiaries are a multi-line insurance company providing primarily personal home and auto insurance through a network of independent producers and direct-to-consumer sales in many states. For more information, visit the company’s website at http://www.mercuryinsurance.com.
The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for certain forward-looking statements. Certain statements contained in this press release are forward-looking statements based on the Company’s current expectations and beliefs regarding future developments and their potential effects on the Company. There can be no assurance that future developments affecting the Company will be those anticipated by the Company. Actual results may differ from those projected in the forward-looking statements. These forward-looking statements involve significant risks and uncertainties (some of which are beyond the control of the Company) and are subject to change based on a variety of factors, including, but not limited to, the following risks and uncertainties: changes in demand for the Company’s insurance products, inflation and general economic conditions, including general market risks associated with the Company’s investment portfolio; the accuracy and adequacy of the Company’s pricing methodologies; disasters in the markets served by the Company; uncertainties associated with estimates, assumptions and projections generally; the possibility that actual claims experience may differ adversely from actuarial estimates made to determine the Company’s claims reserves generally; the Company’s ability to obtain and the timing of approval for premium rate changes for insurance policies issued in the states in which it operates; legislation adverse to the auto insurance industry or business generally that may be enacted in the states where the Company does business; the Company’s success in managing its business inCalifornia States; the presence of competitors with greater financial resources and the impact of competitive pricing and marketing efforts; the Company’s ability to successfully manage its claims organization outside California; the Company’s ability to successfully allocate resources used in states whose operations are reduced or discontinued to its operations in other states; changes in driving habits and claims trends; acts of war and terrorist activities; pandemics, epidemics, generalized health emergencies or infectious disease outbreaks; court decisions and trends in litigation and healthcare and auto repair costs; and legal, cybersecurity, regulatory and litigation risks. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For a more detailed discussion of some of the aforementioned risks and uncertainties, see the Company’s filings with the Securities and Exchange Commission.
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