Mercury Insurance 2008 Annual Report Download - page 101

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S-5
SCHEDULE II, Continued
MERCURY GENERAL CORPORATION
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
STATEMENTS OF INCOME
Three years ended December 31,
2008 2007 2006
Revenues:
Net investment income 1,767$ 2,813$ 1,860$
Net realized investment losses (22,417) (3,147) (1,336)
Total Revenues (20,650) (334) 524
Expenses:
Other operating expenses 4,007 4,209 3,586
Interes
t
4,314 8,171 8,423
Total expenses 8,321 12,380 12,009
Loss before income taxes and equity in net (loss) income of subsidiaries (28,971) (12,714) (11,485)
Income tax (benefit) expense (28,698) (2,356) 10,536
Loss before equity in net income of subsidiaries (273) (10,358) (22,021)
Equity in net (loss) income of subsidiaries (241,846) 248,190 236,838
Net (loss) income (242,119)$ 237,832$ 214,817$
(Amounts in thousands)
See accompanying notes to condensed financial information.