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Stock impact report

Safety Insurance: A Question Of True Safety In Turbulent Insurance Markets [Seeking Alpha]

Mercury General Corporation (MCY) 
Last mercury general corporation earnings: 2/10 08:30 am Check Earnings Report
Company Research Source: Seeking Alpha
Both Mercury General and Safety Insurance are facing operational challenges, making them less attractive for investment compared to other profitable insurers like Travelers and Chubb. Executive Summary I recently written an article on Mercury General ( MCY ), a publicly listed insurance company that had to trim its dividend in 2022 to uphold financial solvency, consequently losing its dividend aristocrat status. Several months ago, I conducted a comparison between Safety Insurance ( NASDAQ: SAFT ) Group and Mercury, deeming the former as being in better health than the latter. Both companies recently released their third-quarter results. Mercury General displayed a positive trend in underwriting margins, manifesting a decreased combined ratio. In contrast, Safety Insurance reported worsened insurance margins, with a quarterly combined ratio of 104.8%, compared to 97.1% in the corresponding period a year ago. Therefore, it seems that the healthier insurance company is curren Show less Read more
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