Under his tenure as CEO, Mercury went public in 1985 and expanded beyond California in 1989. The company listed on the NYSE in 1996 and crossed $1 billion in written premiums in 1997. By the time Joseph stepped down as CEO in 2006, premiums had reached $3 billion. By 2025, direct premiums written had grown to $5.98 billion across 11 states, according to the company's SEC annual report.
California accounts for 82 percent of that total - the largest concentration of any state in Mercury's personal lines book.
Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by finopulse.
Publisher: Source link
