Mercury General Corporation's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Mercury General Corporation ( MCY)

Q4 2011 Earnings Call

February 6, 2012, 1:00 p.m. ET

Executives

Gabriel Tirador - President, CEO & Director

George Joseph - Chairman

Chris Graves - VP & CIO

Ted Stalick - VP, CFO

Robert Houlihan - VP & CPO

John Sutton – SVP Customer Service

Analysts

Meyer Shields - Stifel Nicolaus

Alison Jacobowitz - Bank of America/Merrill Lynch

Matt Warman – KBW

Cory Wren

Presentation

Operator

Good afternoon. My name is Misty, and I will be your conference operator today. At this time, I would like to welcome everyone to Mercury General quarterly conference call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. (Operator Instructions).

Thank you. I would now like to turn the conference over to Mr. Gabriel Tirador.

Gabriel Tirador

Thank you very much. I would like to welcome everyone to Mercury's fourth quarter conference call. I am Gabe Tirador, President and CEO. In the room with me is Mr. George Joseph, Chairman; Ted Stalick, Vice President and CFO; Robert Houlihan, Vice President and Chief Product Officer; John Sutton, Senior Vice President, Customer Service; and Chris Graves, Vice President and Chief Investment Officer.

Before we take questions, we will make a few comments regarding the quarter. The fourth quarter 2011 operating results improved significantly as compared to the fourth quarter of 2010. Our combined ratio was 99.4% in the fourth quarter of 2011, compared to 109.9% in the fourth quarter of 2010.

If you liked this article you might like

Chesapeake Energy, Priceline, Schlumberger, ZELTIQ : 'Mad Money' Lightning Round

Why These Market Gains Are More Powerful Than Trump: Cramer's 'Mad Money' Recap (Monday 2/13/17)

3 Buy-Rated Dividend Stocks To Check Out: CHSP, MCY, SEP

Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Tuesday: MSP, ARDC, MCY

Analysts' Actions -- Boeing, Joy Global, Salesforce, Microsoft and More