Forbes Names Mercury Insurance One of 'America's 50 Most Trustworthy Financial Companies'

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Sep 29, 2016, 08:00 ET

LOS ANGELES, Sept. 29, 2016 /PRNewswire/ -- Mercury Insurance has been named one of "America's 50 Most Trustworthy Financial Companies" by Forbes magazine with one of the highest scores for the past fiscal year. Headquartered in Los Angeles, Mercury (NYSE: MCY) primarily provides auto, homeowners and business insurance through a network of more than 8,000 independent agents in 11 states.

"Mercury and our agents are committed to providing the best insurance value possible," said Mercury CEO and President, Gabriel Tirador. "We work hard every day to earn the trust of customers and investors and we are very proud to be recognized once again by Forbes as one of America's most trustworthy companies. We take this honor and the trust our customers and investors have placed in Mercury seriously, and we will continue to strive to improve each and every day."

Forbes enlisted MSCI ESG Research to examine more than 700 publicly-traded North American companies with market caps of $250 million or greater, for the year ending December 2015, to develop this list by scoring companies on transparency and accuracy in financial reporting. Criteria for assessing each company included high-risk events, revenue and expense recognition methods, SEC actions, and bankruptcy risk, which are all considered indicators of a company's credibility. Mercury is the fourth highest ranked property/casualty insurance company on the list.

This is the seventh time Mercury has been named to a Forbes "America's Most Trustworthy Companies" list.

ABOUT MERCURY INSURANCE
Mercury Insurance (MCY) is a multiple-line insurance organization predominantly offering personal automobile, homeowners and commercial insurance through a network of independent agents in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas and Virginia. Since 1962, Mercury has specialized in offering quality insurance at affordable prices. For more information visit www.mercuryinsurance.com or Facebook and follow the company on Twitter.