15 Stocks That Took a Nosedive in January

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10. Mercury General Corporation (NYSE:MCY)

30-day Decline as of February 3, 2025: 25.5%

Mercury General Corporation (NYSE:MCY) is an insurance company that provides coverage across auto, home, renters, and business insurance lines, with a particular focus on automobiles and homeowners insurance. The stock registered a 25.5% decline in its share price over the past 30 days going from $65.74 to $48.95 on February 3.

The Californian insurance company saw a significant decline in its share price as wildfires continued to burn. The decline came in shortly after state authorities issued evacuation orders for thousands of people residing in the region. Following the decision, Mercury General Corporation (NYSE:MCY) announced that it was prepared to help homeowners, renters, and auto policyholders who had to evacuate.

On January 20, Mercury General Corporation (NYSE:MCY) provided an update on the recent wildfires in Southern California and its latest reinsurance program. The company stated that it received multiple claims and is using aerial images to conclude if properties are categorized as total losses. The report also mentioned that the company had already paid $80 million to policyholders for living expenses and housing contracts.

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