Mercury Insurance 2009 Annual Report Download - page 126
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SCHEDULE II
MERCURY GENERAL CORPORATION
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
BALANCE SHEETS
December 31,
2009 2008
(Amounts in thousands)
ASSETS
Investments, at fair value:
Fixed maturities trading (amortized cost $263; $576) ...................... $ 268 $ 590
Equity securities trading (cost $20,921; $20,965) ......................... 17,306 12,331
Short-term investments (cost $4,783; $55,641) ........................... 4,783 52,104
Investment in subsidiaries ............................................ 1,828,210 1,533,147
Total investments .............................................. 1,850,567 1,598,172
Cash ................................................................. 45,344 2,389
Accrued investment income .............................................. 29 33
Amounts receivable from affiliates ......................................... 588 527
Current income taxes .................................................... 27,203 43,378
Deferred income taxes ................................................... 1,097 5,274
Income tax receivable from affiliates ....................................... 4,477 2,314
Other assets ........................................................... 8,763 17,853
Total assets ................................................... $1,938,068 $1,669,940
LIABILITIES AND SHAREHOLDERS’ EQUITY
Notes payable ......................................................... $ 133,397 $ 139,276
Accounts payable and accrued expenses ..................................... 47 192
Income tax payable to affiliates ........................................... 32,928 29,281
Other liabilities ........................................................ 750 7,140
Total liabilities ................................................ 167,122 175,889
Shareholders’ equity:
Common stock ..................................................... 72,589 71,428
Accumulated other comprehensive loss ................................. (597) (876)
Retained earnings .................................................. 1,698,954 1,423,499
Total shareholders’ equity ........................................ 1,770,946 1,494,051
Total liabilities and shareholders’ equity ............................ $1,938,068 $1,669,940
See accompanying notes to condensed financial information.
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