Mercury General pays $80M in wildfire claims, details reinsurance structure

MERCURY GENERAL CORP

Paid $80M to policyholders for living expenses and contents; dwelling claims at Coverage A for total losses.
PCS designated Palisades and Eaton as separate events; treaty allows combining within 150 miles.
Two-event scenario: up to $1.29B first event, $1.238B second event limits; retentions $150M each plus $101M reinstatement premium.
Sufficient liquidity; may add reinsurance for stub period ending June 30, 2025.

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