News Releases

Mercury General Corporation to Report Fourth Quarter Results on February 10, 2003
PRNewswire-FirstCall
LOS ANGELES

Mercury General Corporation (NYSE: MCY), a major California automobile insurer with operations in several states reported that on Monday, February 10, 2003, the Company will release results for its fourth quarter and twelve month period ended December 31, 2002. The Company also said that Chief Executive Officer, George Joseph, will host an investor conference call that same day at 10:00 A.M. Pacific Time (1:00 P.M. Eastern Time) to review the Company's results of operations for the fourth quarter and twelve month period ended December 31, 2002.

All interested investors will be able to listen to the conference call through the following toll-free telephone numbers: USA (877) 807-1888, International (706) 679-3827. A digitized replay is scheduled to begin on 02/10/2003 at 2:00 P.M. and will end on 02/17/2003 at 11:59 P.M. Pacific Time. The replay telephone numbers are as follows: USA (800) 642-1687, International (706) 645-9291. The conference ID# is 7534781.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for certain forward-looking statements. The statements contained in this press release are forward-looking statements based on the Company's current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that future developments affecting the Company will be those anticipated by the Company. Actual results may differ from those projected in the forward-looking statements. These forward-looking statements involve significant risks and uncertainties (some of which are beyond the control of the Company) and are subject to change based upon various factors, including but not limited to the following risks and uncertainties: changes in the demand for the Company's insurance products, and in general economic conditions; the accuracy and adequacy of the Company's pricing methodologies; market risks associated with the Company's investment portfolio; uncertainties related to estimates, assumptions and projections generally; the possibility actual loss experience may vary adversely from the actuarial estimates made to determine the Company's loss reserves; inflation and changes in economic conditions; the Company's ability to obtain and the timing of regulatory approval for requested rate changes; legislation adverse to the automobile insurance industry or business generally that may be enacted in California or other states; the presence of competitors with greater financial resources and the impact of competitive pricing; changes in driving patterns and loss trends; acts of war and terrorist activities; court decisions and trends in litigation and health care and auto repair costs and marketing efforts; and various legal, regulatory and litigation risks. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as the result of new information, future events or otherwise. For a more detailed discussion of some of the foregoing risks and uncertainties, see the Company's filings with the Securities and Exchange Commission.

SOURCE: Mercury General Corporation

CONTACT: Theodore Stalick, VP/CFO of Mercury General Corporation,
+1-323-937-1060


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