Mercury Insurance 2008 Annual Report Download - page 100

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S-4
SCHEDULE II
MERCURY GENERAL CORPORATION
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
BALANCE SHEETS
December 31,
2008 2007
Investments:
Fixed maturities available for sale, at fair value (amortized cost $961) -$ 987$
Fixed maturities trading, at fair value (amortized cost $576) 590 -
Equity securities available for sale, at fair value (cost $17,716) - 20,121
Equity securities trading, at fair value (cost $20,965; $6,282) 12,331 7,233
Short-term investments, at fair value in 2008; at cost in 2007 (cost $55,641 in 2008) 52,104 37,776
Investment in subsidiaries 1,533,147 1,915,871
Total investments 1,598,172 1,981,988
Cash 2,389 3,072
Amounts receivable from affiliates 527 514
Income taxes 21,685 8,895
Other assets 17,886 11,074
Total assets 1,640,659$ 2,005,543$
Notes payable 139,276$ 134,062$
Accounts payable and accrued expenses 1,920 3,732
Other liabilities 5,412 5,751
Total liabilities 146,608 143,545
Shareholders' equity:
Common stock 71,428 69,369
Accumulated other comprehensive income (876) 80,557
Retained earnings 1,423,499 1,712,072
Total shareholders' equit
y
1,494,051 1,861,998
Total liabilities and shareholders' equit
y
1,640,659$ 2,005,543$
ASSETS
(Amounts in thousands)
LIABILITIES AND SHAREHOLDERS' EQUITY
See accompanying notes to condensed financial information.