Mercury Insurance 2010 Annual Report Download - page 121

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SCHEDULE II, Continued
MERCURY GENERAL CORPORATION
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
STATEMENTS OF OPERATIONS
Year Ended December 31,
2010 2009 2008
(Amounts in thousands)
Revenues:
Net investment income ....................................... $ 951 $ 1,127 $ 1,767
Net realized investment gains (losses) ........................... 1,420 6,373 (22,417)
Total revenues .......................................... 2,371 7,500 (20,650)
Expenses:
Other operating expenses ..................................... 12,945 2,565 4,007
Interest .................................................... 2,180 2,245 4,314
Total expenses .......................................... 15,125 4,810 8,321
(Loss) income before income taxes and equity in net income (loss) of
subsidiaries .............................................. (12,754) 2,690 (28,971)
Income tax (benefit) expense ...................................... (3,507) 4,400 (28,698)
Loss before equity in net income (loss) of subsidiaries .............. (9,247) (1,710) (273)
Equity in net income (loss) of subsidiaries ............................ 161,445 404,782 (241,846)
Net income (loss) ........................................... $152,198 $403,072 $(242,119)
See accompanying notes to condensed financial information.
See accompanying Report of Independent Registered Public Accounting Firm
S-5