Mercury Insurance 2010 Annual Report Download - page 120
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SCHEDULE II
MERCURY GENERAL CORPORATION
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
BALANCE SHEETS
December 31,
2010 2009
(Amounts in thousands)
ASSETS
Investments, at fair value:
Fixed maturities trading (amortized cost $0; $263) ........................ $ — $ 268
Equity securities trading (cost $18,285; $20,921) ......................... 16,518 17,306
Short-term investments (cost $5,366; $4,783) ............................ 5,366 4,783
Investment in subsidiaries ............................................ 1,591,638 1,828,210
Total investments .............................................. 1,613,522 1,850,567
Cash ................................................................. 41,606 45,344
Accrued investment income .............................................. 13 29
Amounts receivable from affiliates ......................................... 189 588
Current income taxes .................................................... 25,759 27,203
Deferred income taxes ................................................... — 1,097
Income tax receivable from affiliates ....................................... 3,630 4,477
Dividend receivable from affiliates ......................................... 270,000 —
Other assets ........................................................... 4,745 8,763
Total assets ................................................... $1,959,464 $1,938,068
LIABILITIES AND SHAREHOLDERS’ EQUITY
Notes payable ......................................................... $ 129,210 $ 133,397
Accounts payable and accrued expenses ..................................... 43 47
Income tax payable to affiliates ........................................... 34,464 32,928
Deferred income taxes ................................................... 193 —
Other liabilities ........................................................ 739 750
Total liabilities ................................................ 164,649 167,122
Shareholders’ equity:
Common stock ..................................................... 74,188 72,589
Additional paid in capital ............................................ 78 —
Accumulated other comprehensive loss ................................. (740) (597)
Retained earnings .................................................. 1,721,289 1,698,954
Total shareholders’ equity ........................................ 1,794,815 1,770,946
Total liabilities and shareholders’ equity ............................ $1,959,464 $1,938,068
See accompanying notes to condensed financial information.
See accompanying Report of Independent Registered Public Accounting Firm
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