MIGP Mercer Insurance Group, Inc. featured news, full reports, and detailed charts
Mercer Insurance Group, Inc. (MIGP) Wrap Up:
Mercer Insurance Group, Inc. (the “Holding Company” or “MIG”) is a holding company which resulted from the conversion of Mercer Mutual Insurance Company from the mutual to the stock form of organization on December 15, 2003 (the “Conversion”). Prior to the Conversion, and since 1844, Mercer Mutual Insurance Company was engaged in the business of selling property and casualty insurance. Mercer Mutual Insurance Company, a Pennsylvania domiciled company, changed its name to Mercer Insurance Company immediately after the Conversion, and became a subsidiary of the Holding Company. Mercer Insurance Group, Inc. and subsidiaries (collectively, the Group) includes Mercer Insurance Company (MIC), its subsidiaries Queenstown Holding Company, Inc. (QHC) and its subsidiary Mercer Insurance Company of New Jersey, Inc. (MICNJ), Franklin Holding Company, Inc. (FHC) and its subsidiary Franklin Insurance Company (FIC), and BICUS Services Corporation (BICUS). ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f17%2f0000893220-08-000736.html#FIS_BUSINESS"www.mercerins.com
198 Employees
Founded in 1844
Mercer Insurance Group Inc. (MIGP:NASDAQ)
LAST $17.51 USD
CHANGE TODAY +0.20 1.16%
VOLUME 12.3K
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Mercer Insurance Group Inc. (MIGP)
|
OPEN
$17.34
|
PREVIOUS CLOSE
$17.31
|
|
|
DAY HIGH
$17.65
|
DAY LOW
$17.33
|
|
|
52 WEEK HIGH
08/11/09 - $19.54
|
52 WEEK LOW
11/24/08 - $10.71
|
|
|
MARKET CAP
112.8M
|
AVERAGE VOLUME 3 mo
9.1K
|
|
|
DILUTED EPS TTM
$1.72
|
SHARES OUTSTANDING
6.4M
|
|
|
EX-DATE
12/9/09
|
P/E TTM
10.2x
|
|
|
DIVIDEND
$0.30
|
DIVIDEND YIELD
1.71%
|
|
| K = Thousands M = Millions B = Billions | ||
MIGP Top Compensated Officers
Mr. Andrew R. Speaker
Chief Executive Officer, President, Director,...
Age: 46
Total Annual Compensation: $367.2K
Mr. David B. Merclean
Chief Financial Officer, Senior Vice Presiden...
Age: 58
Total Annual Compensation: $246.9K
Mr. Paul D. Ehrhardt
Chief Underwriting Officer, Senior Vice Presi...
Age: 51
Total Annual Compensation: $286.0K
Mr. Paul R. Corkery
Chief Information Officer and Senior Vice Pre...
Age: 58
Total Annual Compensation: $217.8K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Mercer Insurance Group Inc. (MIGP)
Mercer Insurance Group Inc. expected to Report Fiscal Year 2009 Results on March 15, 2010. This event was calculated by Capital IQ (Created on October 29, 2009).
10/29/2009
Mercer Insurance Group Inc. expected to Report Fiscal Year 2009 Results on March 15, 2010. This event was calculated by Capital IQ (Created on October 29, 2009).
Mercer Insurance Group Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009 ; Approves Dividend Payable December 28, 2009
10/28/2009
Mercer Insurance Group Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported GAAP net income of $3.6 million, or $0.56 per diluted share. This result compares to net income of $1.8 million, or $0.28 per diluted share, for the same quarter in the previous year. Operating income of $3.24 million or $0.51 per diluted share approximated the $3.26 million or $0.51 per diluted share reported in the prior year's quarter. Income before income taxes was $4.9 million against $2.2 million and total revenue was $39.3 million against $39.6 million reported last year. Net premium earned was $34.7 million against $37.9 million reported a year ago. Book value per common share was $25.49 against $21.39 reported a year ago. For the nine months, the company reported GAAP net income of $10.2 million, or $1.61 per diluted share on total revenue of $118 million. This result compares to net income of $7.6 million, or $1.19 per diluted share on total revenue of $124.4 million for the same period in the previous year. Operating income increased to $9.9 million or $1.57 per diluted share from $9.5 million or $1.49 per diluted share in the prior year. Income before income taxes was $13.8 million against $10.1 million and net premiums earned was $105.2 million against $115.96 million reported last year. The company also announced that its Board of Directors has approved a dividend of $0.075 per share, to be paid on December 28, 2009 to shareholders of record on December 11, 2009.
Mercer Insurance Group Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2009; Declares Dividend Payable on September 28, 2009
07/29/2009
Mercer Insurance Group Inc. announced earnings results for the second quarter and six months ended June 30, 2009. Net income for the period was $39,530,000 or $0.60 per diluted share on total revenue of $39,530,000 as compared to net income for the period of $3,233,000 or $0.51 per diluted share on total revenue of $42,708,000 for the same period prior year. Net operating income was $3,484,000 as compared to $0.55 per diluted share as compared to net operating income of $3,131,000 as compared to $0.49 per diluted share for the same period prior year. Net income for the period was $6,641,000 or $1.06 per diluted share on total revenue of $78,722,000 as compared to net income for the period of $5,825,000 or $0.91 per diluted share on total revenue of $84,781,000 for the same period prior year. Book value per diluted share as on June 30, 2009 was $23.87. Net operating income was $6,693,000 as compared to $1.07 per diluted share as compared to net operating income of $6,256,000 as compared to $0.98 per diluted share for the same period prior year. The Board of Directors has approved a dividend of $0.075 per share, to be paid on September 28, 2009 to shareholders of record on September 11, 2009.
MIGP Competitors
| Company | Last | Change |
| American Safety Insurance Holdings Ltd | $14.47 USD | -0.02 |
| Eastern Insurance Holdings Inc | $7.95 USD | 0.00 |
| First Acceptance Corp | $1.95 USD | +0.04 |
| Nymagic Inc | $16.88 USD | +1.11 |
| Specialty Underwriters' Alliance Inc | $6.62 USD | 0.00 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | MIGP | Industry Range |
| Price/Earnings | 10.2x |
|
| Price/Sales | 0.7x |
|
| Price/Book | 0.7x |
|
| Price/Cash Flow | 10.4x |
|
| TEV/Sales | 0.4x |
|
|
MIGP |
||
|
MIGP transactions
| Type Date |
Target | |
| No transactions in the last 6 months. | ||
More Recent News About Mercer Insurance Group, Inc.
More news for MIGP
MERCER INSURANCE GROUP INC Files SEC form 8-K, Results of Operations and Financial Condition, Other Events, Financial
Show all filings for MERCER INSURANCE GROUP INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for MERCER INSURANCE GROUP INC 1-May-2009Results of Operations and Financial Condition, Other Events, Financial Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All inform...Click here to read the whole Article (external link)
Mercer Insurance Group, Inc. Announces 1st Quarter 2009 Earnings
Expired Yahoo - Document Has Expired/iw/090430/0496591.html Options that might be of interest: Go to the Yahoo! home page. Go to the Yahoo! Finance home page. Go to the Yahoo! Loan Center. Go to the Yahoo! Insurance Center. Other resources: Message Boards - Stock Chat - Finance Clubs ...Click here to read the whole Article (external link)
MERCER INSURANCE GROUP INC Files SEC form 8-K, Results of Operations and Financial Condition
Show all filings for MERCER INSURANCE GROUP INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for MERCER INSURANCE GROUP INC 30-Jul-2009Results of Operations and Financial Condition Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informa...Click here to read the whole Article (external link)
Mercer Insurance Group, Inc. Reports Earnings for the Six Months and Quarter Ended June 30, 2009
PENNINGTON, NJ--(Marketwire - 07/29/09) - Mercer Insurance Group, Inc. (NASDAQ:MIGP - News) reported today its operating results for the six months and quarter ended June 30, 2009. 2nd Quarter highlights:� -- Net income of $0.60 per diluted share versus $0.51 per diluted share in the prior year's quarter, -- Operating income of $0.55 per diluted share versus $0.49 per diluted share in the prior year's quarter, -- A GAAP combined ratio of 97.4% versus 98.2% in the prior year's quarter, -- Book value per diluted share of $23.87. Andrew R. Speaker, President and CEO, in commenting on the results, said, "We are extremely pleased with our operating results for the quarter, which were at an all-time high. These results reflect our disciplined underwriting approach and were enhanced by aggressive expense management and reinsurance changes implemented over the past few years."Speaker noted, "Despite challenges to direct premium writings as a result of the continued slow economic environment, we have had some success with new products we've introduced into our various states. These product introductions have helped offset some of the loss in writings that have occurred as exposures are reduced by the extended recession."Speaker concluded, "Our capital position grew again during the quarter as our strong investment portfolio performed well. While we recorded a small provision for declines in fair value of securities considered to be other than temporary during the quarter, overall both...Click here to read the whole Article (external link)
MERCER INSURANCE GROUP INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations The following presents management's discussion and analysis of our financial condition and results of operations as of the dates and for the periods indicated. You should read this discussion in conjunction with the consolidated financial statements and notes thereto included in this report. This discussion contains forward-looking information that involves risks and uncertainties. Actual results could differ significantly from these forward-looking statements. See "Forward-Looking Statements". Overview Mercer Insurance Group, Inc. (MIG or the Holding Company) is a holding company owning, directly and indirectly, all of the outstanding shares of our four insurance companies and our non-insurance subsidiaries (collectively, the Group). Mercer Insurance Company, our oldest insurance company, has been engaged in the sale of property and casualty insurance since 1844. Our insurance companies underwrite property and casualty insurance principally in Arizona, California, New Jersey, New York, Nevada, Oregon, and Pennsylvania and are as follows: • Mercer Insurance Company (MIC), a Pennsylvania property and casualty stock insurance company offering insurance coverages to businesses and individuals in New Jersey, New York and Pennsylvania; • Mercer Insurance Company of New Jersey, Inc. (MICNJ), a New Jersey property and casualty stock insurance company offering insurance coverages to businesses and individuals located in New Jersey and businesses located in New York; • Franklin Insurance Company (FIC), a Pennsylvania property and casualty stock insurance company offering private passenger automobile and homeowners insurance to individuals located in Pennsylvania; and • Financial Pacific Insurance Company (FPIC), a California property and casualty stock insurance company offering insurance and surety products to small and medium sized commercial b...Click here to read the whole Article (external link)
MERCER INSURANCE GROUP INC Files SEC form 8-K, Results of Operations and Financial Condition
Show all filings for MERCER INSURANCE GROUP INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for MERCER INSURANCE GROUP INC 30-Oct-2009Results of Operations and Financial Condition Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for inform...Click here to read the whole Article (external link)
Mercer Insurance Group, Inc. Reports Earnings for the Nine Months and Quarter Ended September 30, 2009
PENNINGTON, NJ--(Marketwire - 10/28/09) - Mercer Insurance Group, Inc. (NASDAQ:MIGP - News) reported today its operating results for the nine months and quarter ended September 30, 2009. 3rd Quarter highlights:� -- Net income of $0.56 per diluted share versus $0.28 per diluted share in the prior year's quarter, -- Operating income of $0.51 per diluted share, which was the same as the prior year's quarter, -- A GAAP combined ratio of 98.2% versus 97.9% in the prior year's quarter, -- Book value per share of $25.49. Andrew R. Speaker, President and CEO, commented, "We are happy to have generated an operating profit that is consistent with third quarter earnings in past years. In an environment in which we are challenged by both a slow economy and continued competitive insurance pricing, it is pleasing to see that our disciplined underwriting has lead to profitable operations."Speaker noted, "We are also delighted that our strategy of maintaining a prudent investment portfolio while also seeking a fair return has continued to protect and enhance our capital position. Our conservatively positioned portfolio, along with our disciplined underwriting performance, has helped increase book value per share to its highest ever level.""We expect the challenging conditions from the economy and competitive pricing to persist. We will maintain our underwriting and investment discipline, continue to exercise careful expense management and work on building out the new products we've introduced ...Click here to read the whole Article (external link)
MERCER INSURANCE GROUP INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. The following presents management's discussion and analysis of our financial condition and results of operations as of the dates and for the periods indicated. You should read this discussion in conjunction with the consolidated financial statements and notes thereto included in this report. This discussion contains forward-looking information that involves risks and uncertainties. Actual results could differ significantly from these forward-looking statements. See "Forward-Looking Statements". Overview Mercer Insurance Group, Inc. (MIG or the Holding Company) is a holding company owning, directly and indirectly, all of the outstanding shares of our four insurance companies and our non-insurance subsidiaries (collectively, the Group). Mercer Insurance Company, our oldest insurance company, has been engaged in the sale of property and casualty insurance since 1844. Our insurance companies underwrite property and casualty insurance principally in Arizona, California, New Jersey, New York, Nevada, Oregon, and Pennsylvania and are as follows: • Mercer Insurance Company (MIC), a Pennsylvania property and casualty stock insurance company offering insurance coverages to businesses and individuals in New Jersey, New York and Pennsylvania; • Mercer Insurance Company of New Jersey, Inc. (MICNJ), a New Jersey property and casualty stock insurance company offering insurance coverages to businesses and individuals located in New Jersey and businesses located in New York; • Franklin Insurance Company (FIC), a Pennsylvania property and casualty stock insurance company offering private passenger automobile and homeowners insurance to individuals located in Pennsylvania; and • Financial Pacific Insurance Company (FPIC), a California property and casualty stock insurance company offering insurance and surety products to small and medium sized comme...Click here to read the whole Article (external link)
MERCER INSURANCE GROUP INC Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue39,274 39,530 39,192 37,088 Cost of Revenue - - - - Gross Profit - 39,530 39,192 37,088 Operating ExpensesResearch Development - - - - Selling General and Administrative15,114 24,439 25,090 25,888 Non Recurring - - - - Others18,937 9,598 9,905 10,521 Total Operating Expenses - - - - Operating Income or Loss4,157 5,493 4,197 679 Income from Continuing OperationsTotal Other Income/Expenses Net - - - - Earnings Before Interest And Taxes5,223 5,493 4,197 679 Interest Expense358 356 352 357 Income Before Tax4,865 5,137 3,845 322 Income Tax Expense1,311 1,387 954 (307)Minority Interest - - - - Net Income From Continuing Ops3,554 3,750 2,891 629 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - ...Click here to read the whole Article (external link)
MERCER INSURANCE GROUP INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations The following presents management's discussion and analysis of our financial condition and results of operations as of the dates and for the periods indicated. You should read this discussion in conjunction with the consolidated financial statements and notes thereto included in this report. This discussion contains forward-looking information that involves risks and uncertainties. Actual results could differ significantly from these forward-looking statements. See "Forward-Looking Statements". Overview Mercer Insurance Group, Inc. (MIG or the Holding Company) is a holding company owning, directly and indirectly, all of the outstanding shares of our four insurance companies and our non-insurance subsidiaries (collectively, the Group). Mercer Insurance Company, our oldest insurance company, has been engaged in the sale of property and casualty insurance since 1844. Our insurance companies underwrite property and casualty insurance principally in Arizona, California, New Jersey, New York, Nevada, Oregon, and Pennsylvania and are as follows: • Mercer Insurance Company (MIC), a Pennsylvania property and casualty stock insurance company offering insurance coverages to businesses and individuals in New Jersey, New York and Pennsylvania; • Mercer Insurance Company of New Jersey, Inc. (MICNJ), a New Jersey property and casualty stock insurance company offering insurance coverages to businesses and individuals located in New Jersey and businesses located in New York; • Franklin Insurance Company (FIC), a Pennsylvania property and casualty stock insurance company offering private passenger automobile and homeowners insurance to individuals located in Pennsylvania; and • Financial Pacific Insurance Company (FPIC), a California property and casualty stock insurance company offering insurance and surety products to small and medium sized commercial b...Click here to read the whole Article (external link)
Would you like to leave a comment about Mercer Insurance Group, Inc. MIGP
Find out what social network information about Mercer Insurance Group, Inc. are available on RealpenniesWorst 5 - Click here to find out what stocks have been voted down by our visitors and users
Besides Mercer Insurance Group, Inc. there is more great information available at Realpennies.com