Mercury General (FRA:MCG) Policy Acquisition Expense : €684 Mil (As of Mar. 2024)

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What is Mercury General Policy Acquisition Expense?

Policy acquisition expense is the expenses incurred by insurance companies in activities such as marketing, advertising, commissions etc. Mercury General's policy acquisition expense for the three months ended in Mar. 2024 was €180 Mil. Its policy acquisition expense for the trailing twelve months (TTM) ended in Mar. 2024 was €684 Mil.

Mercury General Policy Acquisition Expense Historical Data

The historical data trend for Mercury General's Policy Acquisition Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Mercury General Policy Acquisition Expense Chart

Mercury General Annual Data

Trend

Dec14

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Dec19

Dec20

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Dec23

Policy Acquisition Expense

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541.88

516.04

560.55

617.95

649.72

Mercury General Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Policy Acquisition Expense	Get a 7-Day Free Trial															153.65	159.44	170.13	173.97	180.36

Mercury General Policy Acquisition Expense Calculation

Expenses incurred by insurance companies in activities such as marketing, advertising, commissions etc.

Policy Acquisition Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €684 Mil.

Mercury General (FRA:MCG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Mercury General Corp (FRA:MCG) » Definitions » Policy Acquisition Expense

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MCY:USA

Address

4484 Wilshire Boulevard, Los Angeles, CA, USA, 90010

Website

http://www.mercuryinsurance.com

Mercury General Corp is an insurance holding company operating in the property-casualty market, where it focuses on low-cost auto insurance for individuals, with operations in nearly 13 United States of America states. However, its business--about 75% of premiums--comes from California, where it was established by George Joseph, the current company chairman, and majority owner. Its insurance is distributed exclusively through independent agents.

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