Comparing Safety Insurance And Mercury General: Q2 2024 Results Highlight Diverging Paths

J Studios Executive Summary Over the past few months, I have compared Safety Insurance (NASDAQ:SAFT) with Mercury General (MCY), as both companies are regional insurance carriers primarily focused on motor and homeowners' insurance. At first glance, Safety Insurance appeared to be a stronger and more reliable property and casualty insurance company than Mercury, benefiting from a stronger commercial position coupled with underwriting expertise, which resulted in steady over-cycle underwriting margins. O ...