Mercury General Corporation announced that its common stock will begin trading on NYSE Texas on January 15, 2026, adding a second exchange to its primary NYSE listing while retaining the ticker symbol "MCY".
The move is driven by the company’s significant presence in Texas, where it writes more than 7% of its total direct premiums. By listing on a Texas‑based exchange, Mercury General aims to improve liquidity for its shares and make it easier for regional investors to trade the stock, thereby broadening its investor base.
NYSE Texas, which launched in Dallas in March 2025 as a fully electronic exchange and the reincorporated Chicago Stock Exchange, targets companies with strong ties to Texas. The platform offers a streamlined listing process for firms already listed on major exchanges, and its electronic nature is designed to attract companies that want to enhance regional visibility without the costs of a traditional physical exchange.
Mercury General’s financial performance provides a solid backdrop for the dual listing. In Q2 2025 the company reported net income that rose 166.1% year‑over‑year to $166.5 million and improved its combined ratio to 92.5% from 98.9% in Q2 2024, reflecting stronger underwriting results and disciplined expense management.
CEO Gabriel Tirador said the dual listing “reinforces our long‑standing relationship with Texas and supports the state’s capital‑market infrastructure.” He added that the move would “enhance shareholder value by improving liquidity and expanding access for investors who are already familiar with the company’s operations in the region.”
The dual listing is expected to increase trading volume and visibility among regional investors while maintaining Mercury General’s core agency distribution model. By providing an additional venue for trading, the company positions itself to support future capital‑raising activities and to better serve its Texas‑based customer base.
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