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Mercury General Reports Net Income of $68.2 Million for Q3, Tirador is CEO

Mercury General Reports Net Income of $68.2 Million for Q3, Tirador is CEO: "Send Feedback E-mail this Article Print this Article
Mercury General Reports Net Income of $68.2 Million for Q3, Tirador is CEO
November 6, 2006
Mercury General Corp. reported net income of $68.2 million ($1.25 per share- diluted) in the third quarter 2006 compared with $73 million ($1.33 per share-diluted) for the same period in 2005. For the first nine months of 2006, net income was $164.7 million ($3.01 per share-diluted) compared with net income of $207 million ($3.78 per share-diluted) for the same period in 2005. Included in net income are net realized investment gains, net of tax, of $1.7 million ($0.03 per share-diluted) in the third quarter of 2006 compared with net realized investment gains, net of tax, of $5 million ($0.09 per share-diluted) for the same period in 2005, and net realized investment gains, net of tax, of $8.7 million ($0.16 per share-diluted) for the first nine months of 2006 compared with net realized investment gains, net of tax, of $10.0 million ($0.18 per share-diluted) for the same period in 2005.
Company-wide net premiums written were $776.2 million in the third quarter 2006, a 1.7 percent increase over third quarter 2005 net premiums written of $762.9 million, and were approximately $2.3 billion for the first nine months of 2006, a 3.7 percent increase over the same period in 2005. California net premiums written were $573.1 million in the third quarter of 2006, an increase of 5.1% over the same period in 2005, and were approximately $1.7 billion for the first nine months of 2006, a 5.9 percent increase over the same period in 2005. Non-California net premiums written were $203.1 million in the third quarter of 2006, a 6.7 pe"

Car Insurance Rates Dropping In California, Online Quotes Preferred | Best Syndication

Car Insurance Rates Dropping In California, Online Quotes Preferred Best Syndication: "Submitted by


California’s biggest auto insurer, State Farm, put into motion a plan to bring down the price of it auto insurance coverage by a average of 8 percent, and move away from it standard of determining rates by geographic location.
This new plan is coming about, probably due in part to the stream of insurers who are brining their auto insurance quotes and rates into sync with regulations that were introduced by California insurance commissioner John Garamendi.
Garamendi’s statues require insurers to base their premiums on a driver’s record, experience and miles driven, rather than by the zip code of the insured or the location the car is registered.



The deadline for insurers to file their new rating structure has passed, mere days after a final appeal to block the new standards from taking effect were unsuccessful.
There was such a last-minute rush from insurance companies with newly revised rates, the California Insurance Department in Sacramento could not give a definite list as to which companies actually kept the deadline.
State officials would not disclose which companies filed to raise or lower their rates. State Farm has issued a news release describing the new rates they have proposed.
Bill Sirola, a spokesman for State Farm, has stated that the new rates are not tied to Garamendi’s new requirements. Sirola stated that the rate cuts are going into effect because the company is actually paying less in claims.
'Whether it's because of the aging population, better law enforcement, safer cars or some other reason, our projecti"

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Search Results: "Are an SR22 and SR-22 filing the same thing in California or is an SR22 like an SR1P?


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tough stance on car just found

http://sr22.name---- I found this sticker on a car out in front of the tow yardit looks like thecracking down in California on uninsured motorists and unlicensed driversI know of a couple of people that have had their cars towed that have come into it needed insurancenormally we can get the insurance ID cards straightened out immediatelyeven in the sr22it's like the cops to get serious