Apr 14, 2009
Mercury Insurance has been named as one of America's 100 Most Trustworthy Companies in an annual survey commissioned by Forbes.com. Mercury is only one of 10 companies to appear on the list three years in a row, and the company achieved the highest score awarded for the second consecutive year.
Conducted by Audit Integrity, the list ranks the nation's top 100 companies that have consistently demonstrated transparent and conservative accounting practices and solid corporate governance and management.
"It's critical in today's current economic environment that investors and consumers have confidence in the companies with which they choose to do business," said Gabriel Tirador, president and chief executive officer of Mercury General Corporation. "Mercury has always worked very hard to earn the trust of our customers and the investment community. We are very proud that these efforts have been recognized, and that Mercury has once again been named as one of America's most trustworthy companies."
Forbes.com's Top 100 Most Trusted Companies list was compiled by scanning more than 8,000 companies traded on U.S. exchanges with market caps of $200 million or more. Companies are grouped into three subcategories based on market capitalization. Mercury is ranked as a Mid-Cap Company, and each quarter it receives an accounting and governance risk score (AGR) based on Audit Integrity's proprietary modeling, which evaluates practices that correlate with shareholder risk. Mercury was one of 14 mid- and small-cap companies that received Audit Integrity's highest AGR score of 88.
Mercury has received an A+ (Superior) rating from A.M. Best and an AA- rating from Standard & Poor's, which were earned through disciplined underwriting, strict cost control and efficient claims management.
About Mercury Insurance
Mercury Insurance (MCY) is a multiple-line insurance organization offering predominantly personal automobile and homeowners insurance through a network of independent agents and brokers in California, Florida, New Jersey, Texas, Arizona, New York, Georgia, Oklahoma, Illinois, Michigan, Nevada, Virginia and Pennsylvania.
Since 1962, Mercury Insurance has demonstrated its commitment to customer satisfaction by offering quality insurance at affordable prices. Today, good service and good pricing are the core values that distinguish Mercury in the marketplace. For more information about Mercury Insurance, please visit www.MercuryInsurance.com or contact Erik Thompson at (661) 291-6435.
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CONTACT: Erik Thompson of Mercury Insurance, +1-661-291-6435; or Coby
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Web Site: http://www.mercuryinsurance.com/