Mercury Insurance 2011 Annual Report Download - page 130
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SCHEDULE II
MERCURY GENERAL CORPORATION
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
BALANCE SHEETS
December 31,
2011 2010
(Amounts in thousands)
ASSETS
Investments, at fair value:
Equity securities trading (cost $24,885; $18,285) ......................... $ 20,282 $ 16,518
Short-term investments (cost $26,817; $5,366) ........................... 26,817 5,366
Investment in subsidiaries ............................................ 1,787,047 1,591,638
Total investments .............................................. 1,834,146 1,613,522
Cash ................................................................. 29,219 41,606
Accrued investment income .............................................. 17 13
Amounts receivable from affiliates ......................................... 200 189
Current income taxes .................................................... 22 25,759
Deferred income taxes ................................................... 1,654 —
Income tax receivable from affiliates ....................................... 12,833 3,630
Dividend receivable from affiliates ......................................... — 270,000
Other assets ........................................................... — 4,745
Total assets ................................................... $1,878,091 $1,959,464
LIABILITIES AND SHAREHOLDERS’ EQUITY
Notes payable ......................................................... $ — $ 129,210
Accounts payable and accrued expenses ..................................... 48 43
Income tax payable to affiliates ........................................... 20,288 34,464
Deferred income taxes ................................................... — 193
Other liabilities ........................................................ 272 739
Total liabilities ................................................ 20,608 164,649
Shareholders’ equity:
Common stock ..................................................... 76,634 74,188
Additional paid in capital ............................................ 538 78
Accumulated other comprehensive loss ................................. — (740)
Retained earnings .................................................. 1,780,311 1,721,289
Total shareholders’ equity ........................................ 1,857,483 1,794,815
Total liabilities and shareholders’ equity ............................ $1,878,091 $1,959,464
See accompanying notes to condensed financial information.
See accompanying Report of Independent Registered Public Accounting Firm
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