Mercury General vs Associated Bank

This page compares Mercury General Corporation and Associated Banc-Corp, examining business models, financial performance, and market context. The language is neutral and accessible, offering context to help readers understand the landscape of these two institutions. Educational content, not financial advice.

This page compares Mercury General Corporation and Associated Banc-Corp, examining business models, financial performance, and market context. The language is neutral and accessible, offering context ...

Comparison Snapshot

Key Financial Metrics

MCY

Metric

ASB

$4.95B

Market Cap

$4.34B

12.87%

Potential Profit

5.89%

Strong Buy

Analyst Rating

Hold

Investment Analysis

Mercury General

MCY

Pros

Mercury General has shown strong recent underwriting improvements and beat Q2 2025 earnings expectations by a significant margin.
The company maintains a solid balance sheet with a low debt-to-equity ratio, supporting financial stability.
Mercury General offers a reliable dividend yield and has a history of consistent payouts to shareholders.

Considerations

Year-to-date performance remains negatively impacted by earlier wildfire losses, which affected profitability.
The company's revenue growth is concentrated in personal auto insurance, exposing it to sector-specific risks.
Mercury General's stock is sensitive to regional catastrophes, which can cause volatility in underwriting results.

Associated Bank

ASB

Pros

Associated Banc-Corp operates with a diversified business model across commercial and consumer banking segments.
The bank maintains a stable net interest margin and has demonstrated consistent loan growth in recent quarters.
Associated Banc-Corp offers a competitive dividend yield and has a history of regular dividend payments.

Considerations

The bank's earnings are exposed to interest rate fluctuations, which can impact net interest income.
Associated Banc-Corp faces competitive pressures in its regional markets, limiting pricing power.
Loan growth is subject to regional economic conditions, which may constrain expansion in weaker markets.

About The Companies

Mercury General (MCY)

Mercury General Corporation (MCY) is a US personal-lines property & casualty insurer best known for auto insurance and related products. With a market capitalisation around $4.4 billion, Mercury writes policies primarily through independent agents across several states, with a notable concentration in California. Investors should know the business combines underwriting results with investment income from its premium float — profitability depends on claims experience, pricing discipline and the yield environment. Regulatory change, weather-related catastrophes and shifts in policyholder behaviour can influence financial results from year to year. Mercury has historically returned capital to shareholders through dividends and repurchases, but past actions aren’t a guarantee of future distributions. For potential investors, key considerations include underwriting trends, combined ratio performance, reserve adequacy and investment portfolio sensitivity to interest rates. This summary is educational only and not personalised advice; values can rise or fall and returns are not guaranteed.

Associated Bank (ASB)

Associated Banc-Corp is a US-based bank holding company offering a wide spectrum of financial products and services. Operating through its main subsidiary, Associated Bank, it serves individuals and businesses across more than 100 communities in Wisconsin, Illinois, Minnesota, and Missouri. The company's operations are categorised into key segments. Its Corporate and Commercial Specialty division caters to larger businesses and municipalities with lending and deposit solutions. The Community, Consumer, and Business arm provides everyday banking, lending, and investment services to individuals and smaller enterprises. With a substantial regional presence and a diverse service portfolio, Associated Banc-Corp represents a significant player in the Midwestern financial landscape. As with any bank, its performance can be influenced by economic conditions and interest rate changes. Remember, past performance is not an indicator of future results.

Which Baskets Do They Appear In?

Property & Casualty Insurance Momentum Play

This carefully selected group of stocks captures the potential upside across the property and casualty insurance sector. Professional analysts have identified these companies following Travelers' impressive earnings report, suggesting similar strength may benefit other disciplined insurers with solid underwriting practices.

Published: July 20, 2025

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Which Baskets Do They Appear In?

Property & Casualty Insurance Momentum Play

This carefully selected group of stocks captures the potential upside across the property and casualty insurance sector. Professional analysts have identified these companies following Travelers' impressive earnings report, suggesting similar strength may benefit other disciplined insurers with solid underwriting practices.

Published: July 20, 2025

Explore Basket

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Comparison Snapshot