George Joseph is the Chairman of Mercury General Corporation, a role he has held since the company's early days in 1962. With a Bachelor's degree in Business Administration from UC Berkeley, he understands the insurance industry inside and out. Under...

George Joseph is the Chairman of Mercury General Corporation, a role he has held since the company's early days in 1962. With a Bachelor's degree in Business Administration from UC Berkeley, he understands the insurance industry inside and out. Under his leadership, Mercury General has faced various challenges, including fluctuating underwriting income and significant market shifts. His approach to compensation has evolved, focusing on performance metrics that align executive rewards with the company's financial health. Interestingly, Joseph has had no stock options or major stock grants during his tenure, which speaks to his philosophy of aligning with the company’s long-term goals rather than relying on traditional equity incentives. He helped establish executive compensation programs that prioritize underwriting results and premium growth, with vehicle and club membership perks included in his compensation package. In addition to his executive duties, he plays a crucial role in setting salaries for other executives within the company. His commitment to the organization is evident in his long tenure and focus on sustaining its growth in the competitive insurance sector.