Mercury Insurance 2007 Annual Report Download - page 39

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2007 MERCURYNOW 37
All dollar figures in thousands, except per share data 2007 2006 2005 2004 2003
Earned premiums $ 2,993,877 $ 2,997,023 $ 2,847,333 $ 2,528,636 $ 2,145,047
Combined ratio (GAAP Basis) 95.4% 95.0% 92.4% 89.2% 94.0%
Per share data
Diluted net income $ 4.34 $ 3.92 $ 4.63 $ 5.24 $ 3.38
Diluted net realized gains (losses)* $ 0.25 $ 0.18 $ 0.19 $ 0.30 $ 0.13
Dividends declared $ 2.08 $ 1.92 $ 1.72 $ 1.48 $ 1.32
Book value $ 34.02 $ 31.54 $ 29.44 $ 26.77 $ 23.07
Diluted average shares (000’s) 54,829 54,786 54,717 54,633 54,547
Period-end shares (000’s) 54,730 54,670 54,605 54,515 54,424
Total assets $ 4,414,496 $ 4,301,062 $ 4,050,868 $ 3,622,949 $ 3,167,839
Total investments $ 3,588,675 $ 3,499,738 $ 3,242,712 $ 2,921,042 $ 2,539,514
Shareholders’ equity $ 1,861,998 $ 1,724,130 $ 1,607,837 $ 1,459,548 $ 1,255,503
Return on average equity** 12.5% 12.3% $ 15.8% 19.9% 15.0%
Premiums to surplus ratio 1.7 to 1 1.9 to 1 2.0 to 1 1.9 to 1 1.9 to 1
*Net of income tax effect
**Excluding net realized investment gains (losses)
FINANCIAL HIGHLIGHTS
PREMIUMS WRITTEN
dollars in millions
96 99 02 04 06
97 98 00 03 05
NON-CALIFORNIA PREMIUMS WRITTEN
as a percent of total premiums
MONEY/INVESTING
07
3,500
3,000
2,500
2,000
1,500
1,000
500
0
01 96 99 02 04 0697 98 00 03 05 07
30
25
20
15
10
5
0
01