MERCURY GENERAL CORP
For the period ended Dec 31, 2024. Filed Feb 11, 2025.
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FY2024 · Filed Feb 11, 2025
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Item 2. Properties
The Company owns the following buildings which support all business segments. Space not used by the Company may be leased to independent third party tenants.
| Location | Purpose | Size inSquare Feet | Percent Leased to Third Parties atDecember 31, 2024 |
|---|---|---|---|
| Brea, CA | Home office and I.T. facilities | 80,000 | —% |
| Folsom, CA | Property held for sale | 88,000 | —% |
| Los Angeles, CA | Executive offices | 41,000 | 5% |
The Company leases additional office space for operations. In addition, the Company owns 5.9 acres of land in Rancho Cucamonga, California, which was classified as a property held for sale as of December 31, 2024. The Company’s properties are well maintained, adequately meet its needs, and are being utilized for their intended purposes.
Office location is not crucial to the Company’s operations. Most of its workforce works from home as a result of the "Mercury's My Workplace" policy that allows most of its employees to work from anywhere in the U.S.
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