LOS ANGELES, Jan. 16 /PRNewswire-FirstCall/ -- Mercury General Corporation
(NYSE: MCY), a major California automobile insurer with operations in several
states reported that on Monday, February 9, 2004, the Company will release
results for its fourth quarter and twelve month period ended December 31,
2003. The Company also said that Chief Executive Officer, George Joseph, and
President, Gabriel Tirador, will host an investor conference call that same
day at 10:00 A.M. Pacific Time (1:00 P.M. Eastern Time) to review the
Company's results of operations for the fourth quarter and twelve month period
ended December 31, 2003.
All interested investors will be able to listen to the conference call
through the following toll-free telephone number: (877) 807-1888. Also, this
call can be accessed via webcast through the Company's website at
http://www.mercuryinsurance.com . A digitized replay is scheduled to begin on
02/09/2004 at 1:30 P.M. and will end on 02/16/2004 at 11:59 P.M. Pacific Time.
The replay telephone numbers are as follows: USA (800) 642-1687,
International (706) 645-9291. The conference ID# is 4885467.
The Private Securities Litigation Reform Act of 1995 provides a "safe
harbor" for certain forward-looking statements. The statements contained in
this press release are forward-looking statements based on the Company's
current expectations and beliefs concerning future developments and their
potential effects on the Company. There can be no assurance that future
developments affecting the Company will be those anticipated by the Company.
Actual results may differ from those projected in the forward-looking
statements. These forward-looking statements involve significant risks and
uncertainties (some of which are beyond the control of the Company) and are
subject to change based upon various factors, including but not limited to the
following risks and uncertainties: changes in the demand for the Company's
insurance products, and in general economic conditions; the accuracy and
adequacy of the Company's pricing methodologies; market risks associated with
the Company's investment portfolio; uncertainties related to estimates,
assumptions and projections generally; the possibility actual loss experience
may vary adversely from the actuarial estimates made to determine the
Company's loss reserves; inflation and changes in economic conditions; the
Company's ability to obtain and the timing of regulatory approval for
requested rate changes; legislation adverse to the automobile insurance
industry or business generally that may be enacted in California or other
states; the presence of competitors with greater financial resources and the
impact of competitive pricing; changes in driving patterns and loss trends;
acts of war and terrorist activities; court decisions and trends in litigation
and health care and auto repair costs and marketing efforts; and various
legal, regulatory and litigation risks. The Company undertakes no obligation
to publicly update or revise any forward-looking statements, whether as the
result of new information, future events or otherwise. For a more detailed
discussion of some of the foregoing risks and uncertainties, see the Company's
filings with the Securities and Exchange Commission.
SOURCE Mercury General Corporation
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Related links:
http://www.mercuryinsurance.com
CONTACT:
Theodore Stalick, VP/CFO of Mercury General
Corporation, +1-323-937-1060
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