George Joseph, a World War II veteran who spent a decade working in insurance before starting his own company, founded The Mercury General Corporation in 1961. Starting with just six employees, the company sold its first auto insurance policy in 1962.
Mercury began offering homeowners insurance in 1972. In 1978, it established the insurance industry’s first Special Investigations Unit to fight insurance fraud. The company expanded beyond California in 1989 when it opened offices in Georgia and Illinois. It maintains its headquarters in Los Angeles, California.
More than six decades after its creation, the company holds more than $6.7 billion in assets and has more than 4,400 employees, as well as over 9,400 independent agents across 11 states. Mercury General Corporation owns the following subsidiary companies:
- American Mercury
- American Mercury Insurance Company
- California Automobile Insurance Company
- California General Underwriters Insurance Company, Inc.
- Lloyds Insurance Company
- Mercury Casualty Company
- Mercury County Mutual Insurance Company
- Mercury Indemnity Company of America
- Mercury Indemnity Company of Georgia
- Mercury Insurance Company
- Mercury Insurance Company of Florida
- Mercury Insurance Company of Georgia
- Mercury Insurance Company of Illinois
- Orion Indemnity Company