Simple Steps to Minimize Damage and Stay Safe During Hurricane SeasonLOS ANGELES, July 8, 2025 /PRNewswire/ -- Hurricane season brings with it a mix of unpredictability and urgency — and while you can't stop a storm, you can absolutely prepare for one. Mercury Insurance is sharing practical, proactive steps homeowners can take to protect their property and loved ones before a hurricane makes landfall.With decades of experience helping policyholders recover from major storms, Mercury understands that prepar ...

About Cincinnati Financial Corporation: Cincinnati Financial Corporation offers primarily business, home and auto insurance through The Cincinnati Insurance Company and its two standard market property casualty companies. The same local independent insurance agencies that market those policies may offer products of our other subsidiaries, including life insurance, fixed annuities and surplus lines property and casualty insurance. For additional information about the company, please visit cinfin.com. SOURCE ...

COMPANY RECOGNIZED FOR EXCEPTIONAL WORKPLACE CULTURE,FLEXIBILITY, AND SUPPORT FOR WORKING FAMILIESLOS ANGELES, July 3, 2025 /PRNewswire/ -- Mercury Insurance has been named to Newsweek's 2025 lists of America's Greatest Workplaces for Parents & Families and America's Greatest Workplaces in Financial Services, earning national recognition for its commitment to employee well-being, flexibility, and workplace excellence.The awards, presented by Newsweek and Plant-A Insights Group, are based on a large-scale in ...

Core Insights - Marsh & McLennan Agency (MMA) has acquired Excel Insurance, an independent insurance agency in Florida, to enhance its presence in South Florida, particularly in auto and watercraft insurance [1][9] - All Excel employees, including President Jacob Pared, will join MMA's Doral Office to ensure continuity of service for existing customers [2][9] - The acquisition is part of MMA's strategy to expand by integrating specialized agencies that understand local risks, leveraging Excel's expertise in vehicle and marine insurance [3][4] Financial Performance - Marsh & McLennan's revenues increased by 10% and 8% year over year in 2023 and 2024, respectively, with a further improvement of 9.1% year over year in Q1 2025 [5] - Year-to-date, Marsh & McLennan shares have gained 0.1%, while the industry has grown by 1.2% [6] Market Position - The acquisition provides MMA with a dedicated customer base, a broader range of products, and a skilled local team, enhancing its service offerings while maintaining a personalized approach for Excel clients [4][9] - The success of the acquisition will depend on effective client integration and retention, which could lead to increased brand visibility and premium revenues in a competitive market [5]

Core Insights - Mercury General Corporation (MCY) shares have increased by 27% over the past year, outperforming the Finance sector and the S&P 500 composite, which grew by 20.4% and 11.7% respectively [1] - The company has a market capitalization of $3.71 billion, with an average trading volume of 0.3 million shares over the last three months [2] - MCY's shares are currently trading above both the 50-day and 200-day simple moving averages, indicating strong upward momentum [3] Financial Performance - MCY's top line has experienced a 7.6% compound annual growth rate (CAGR) from 2020 to 2024, driven by increased net premiums earned and other revenues [6] - Net investment income has surged with a CAGR of 15.7% over the past five years [6] - The Zacks Consensus Estimate for 2025 revenues is projected at $5.88 million, reflecting a year-over-year improvement of 9.1% [8] Valuation Metrics - MCY shares are trading at a price-to-book value of 2.04X, which is higher than the industry average of 1.57X, indicating a premium valuation [7] - The average price target for MCY is $80 per share, suggesting a potential upside of 18.8% from the last closing price [10] Return on Capital - The return on equity (ROE) for the trailing 12 months stands at 9.52%, outperforming the industry average of 6.1% [9] - Return on invested capital for the trailing 12 months is 6.73%, also better than the industry average of 5.96% [9] Growth Drivers - The company has seen improvements in net premiums written, particularly in the California automobile and homeowners insurance segments [15] - Rising average yields and higher invested assets are expected to benefit net investment income, which has been a significant contributor to top-line growth [16] Operational Efficiency - Mercury General has consistently generated positive cash flow from operations since its public offering in 1985, indicating strong operational efficiency [17] - However, the company has faced rising expenses due to higher losses, policy acquisition costs, and other operating expenses, which could impact margins if revenue growth does not outpace expense increases [18]

Key Takeaways PGR has declined 5.4% in 3 months, underperforming the S&P 500 but beating its industry's 6.3% drop. PGR's ROE of 33.5% and ROIC of 18.7% outpace industry averages, showing capital efficiency. Earnings estimates for PGR rose as analysts project 17.6% EPS growth and 16.7% revenue gain in 2025.Shares of The Progressive Corporation (PGR) have lost 5.4% in the past three months, outperforming the industry’s decline of 6.3%. However, the stock has underperformed the Finance sector’s increase of 3 ...

Practical Tips Every Homeowner and Driver Can Use to Beat the Heat and Avoid Costly DamageLOS ANGELES, June 26, 2025 /PRNewswire/ -- As temperatures rise across the country, intense summer heat waves can cause serious damage to both homes and vehicles — not to mention strain energy systems and budgets. Mercury Insurance is sharing essential guidance to help homeowners and drivers stay safe, reduce costs and protect what matters most during extreme heat.With decades of experience insuring homes and vehicles ...

Core Insights - Homeowners insurance policies often do not cover certain natural disasters such as floods and earthquakes, which require separate insurance policies for adequate protection [3][4] - Understanding the limitations of homeowners insurance can help policyholders take necessary precautions and avoid unexpected costs after a disaster [2][4] Coverage Limitations - Flooding: Standard homeowners insurance typically excludes coverage for flooding from rivers, coastal storm surges, or surface water. Separate flood insurance is recommended [4] - Earthquakes and Land Movement: Damage from earthquakes, landslides, and mudslides is generally not covered, necessitating separate earthquake insurance [4] - Neglect and Maintenance: Damage resulting from homeowner neglect, such as mold from prolonged leakage, is usually not covered [4] - Animal Damage: Damage caused by pests or household pets is rarely covered, although liability for dog bites may be included under certain conditions [4] - Detached Structures: Structures on the property used for business or rented out may not be covered under standard homeowners policies [4] - Home-Based Businesses: Homeowners insurance typically does not cover home-based businesses, requiring additional endorsements or separate business insurance [4] Company Overview - Mercury Insurance is a multiple-line insurance carrier offering personal auto, homeowners, and renters insurance across several states [6][7] - The company has been operational since 1962 and is recognized for competitive rates and excellent customer service [7] - Mercury Insurance has received an "A" rating from A.M. Best and accolades for its auto insurance offerings from Forbes and Insure.com [7]

Core Insights - The Zacks Insurance industry is positioned for growth due to improved pricing, prudent underwriting, and exposure growth [1] - The insurance industry has outperformed the Finance sector and the S&P 500 composite in year-to-date returns [2] Industry Performance - The insurance industry has returned 5.9% year-to-date, surpassing the Finance sector's growth of 4.6% and the S&P 500's appreciation of 0.8% [2] Market Trends - Global commercial insurance rates decreased by 3% in Q1 2025, marking the third consecutive quarterly decline after seven years of increases [3][8] - Despite recent pricing pressures, gross premiums are projected to grow sixfold to exceed $722 billion by 2030 [3][5][8] Catastrophe Losses - Catastrophe losses are driving policy renewal rates, with a reported 3% rise in commercial insurance rates and a 4.9% increase in personal lines in Q1 2025 [5] - Estimated insurance market losses from recent fires in Los Angeles range between $35 billion and $45 billion [4] Technological Investments - Insurers are heavily investing in technology to enhance margins, efficiency, and operational scale, with a projected $4.7 billion in annual global premiums from AI-related insurance by 2032 [11] - The use of advanced technologies like blockchain and AI is expected to significantly reduce costs and improve operational efficiencies [11] Mergers and Acquisitions - A solid capital level supports insurers in pursuing strategic mergers and acquisitions, with the insurance deals market expected to be active in 2025 [10] - Companies engaging in M&A deals valued over $100 million have outperformed the wider market by 1.5 percentage points [10] Growth Stocks - Companies like EverQuote, Horace Mann Educators, Root, and HCI Group are identified as potential growth stocks due to their solid fundamentals and growth prospects [12][14] - EverQuote is leveraging exclusive data assets and technology for long-term growth, with earnings estimates suggesting significant year-over-year growth [15][16] - Horace Mann Educators is expected to benefit from niche focus and improved product offerings, with strong earnings growth projected [17][18] - Root is positioned for growth through its direct-to-consumer model and mobile applications, with substantial revenue and earnings growth estimates [20][21] - HCI Group is engaged in diverse business activities, with strong growth projections for revenues and earnings [22][23]

Core Insights - A significant portion of Canadian social media users share their travel plans online, with 32% of respondents posting about their trips, increasing to 51% among younger individuals aged 18 to 34 [1][2] - The survey indicates a disconnect between the desire to share travel experiences and concerns about home safety, as 62% prioritize protecting their homes from theft while away [4][5] Group 1: Survey Findings - 68% of Canadian social media users plan to leave home for at least a few days this summer, with Gen Z and Millennials showing the highest intent at 74% [2] - Among those staying within their province, 35% plan to post about their trip, while this figure rises to 45% for interprovincial travel and peaks at 51% for international trips [2] - 9% of respondents post about their plans before the trip, while 28% share updates during their travels, with 39% of young adults aged 18-34 actively posting during vacations [3] Group 2: Home Safety Concerns - 62% of respondents express concern about home theft while traveling, with this concern being more pronounced among individuals aged 55 and older, where 69% choose not to post about their vacations [4] - 15% of respondents prioritize sharing on social media over home safety, indicating a potential risk [4] Group 3: Allstate's Response - Allstate has initiated a public education campaign to raise awareness about the risks associated with sharing vacation plans online and to provide tips for better home protection [5] - Analysis of Allstate's claims data shows that property theft increases during the summer months, particularly in August, with Fridays and Thursdays being the most common days for incidents [6][7]