Mercury Insurance 2007 Annual Report Download - page 64

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62 MERCURYNOW 2007
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Year ended December 31,
Amounts expressed in thousands 2007 2006 2005
Net income $ 237,832 $ 214,817 $ 253,259
Other comprehensive income (loss), before tax:
Unrealized gains (losses) on securities:
Unrealized holding gains (losses) arising during period 25,583 12,144 (10,687)
Less: reclassification adjustment for net gains
included in net income (8,800) (7,373) (10,868)
Other comprehensive income (loss), before tax 16,783 4,771 (21,555)
Income tax expense (benefit) related to unrealized
holding gains (losses) arising during period 8,958 4,248 (3,751)
Income tax benefit related to reclassification adjustment for
net gains included in net income (3,080) (2,580) (3,804)
Comprehensive income, net of tax $ 248,737 $ 217,920 $ 239,259
See accompanying notes to consolidated financial statements.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME