Mercury Insurance 2009 Annual Report Download - page 127

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SCHEDULE II, Continued
MERCURY GENERAL CORPORATION
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
STATEMENTS OF OPERATIONS
Year Ended December 31,
2009 2008 2007
(Amounts in thousands)
Revenues:
Net investment income ....................................... $ 1,127 $ 1,767 $ 2,813
Net realized investment gains (losses) ........................... 6,373 (22,417) (3,147)
Total revenues .......................................... 7,500 (20,650) (334)
Expenses:
Other operating expenses ..................................... 2,565 4,007 4,209
Interest .................................................... 2,245 4,314 8,171
Total expenses .......................................... 4,810 8,321 12,380
Income (loss) before income taxes and equity in net income (loss) of
subsidiaries .............................................. 2,690 (28,971) (12,714)
Income tax expense (benefit) ...................................... 4,400 (28,698) (2,356)
Loss before equity in net income (loss) of subsidiaries .............. (1,710) (273) (10,358)
Equity in net income (loss) of subsidiaries ............................ 404,782 (241,846) 248,190
Net income (loss) ........................................... $403,072 $(242,119) $237,832
See accompanying notes to condensed financial information.
S-5