Mercury Insurance 2011 Annual Report Download - page 131

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SCHEDULE II, Continued
MERCURY GENERAL CORPORATION
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
STATEMENTS OF OPERATIONS
Year Ended December 31,
2011 2010 2009
(Amounts in thousands)
Revenues:
Net investment income ........................................ $ 1,411 $ 951 $ 1,127
Net realized investment (losses) gains ........................... (1,866) 1,420 6,373
Total revenues .......................................... (455) 2,371 7,500
Expenses:
Other operating expenses ...................................... 2,267 12,945 2,565
Interest .................................................... 1,341 2,180 2,245
Total expenses .......................................... 3,608 15,125 4,810
(Loss) income before income taxes and equity in net income of
subsidiaries ............................................... (4,063) (12,754) 2,690
Income tax (benefit) expense ....................................... (684) (3,507) 4,400
Loss before equity in net income of subsidiaries .................... (3,379) (9,247) (1,710)
Equity in net income of subsidiaries ................................. 194,543 161,445 404,782
Net income ................................................. $191,164 $152,198 $403,072
See accompanying notes to condensed financial information.
See accompanying Report of Independent Registered Public Accounting Firm
S-5