Mercury Insurance 2011 Annual Report Download - page 132
Download and view the complete annual report
Please find page 132 of the 2011 Mercury Insurance annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122 -
123 -
124 -
125 -
126 -
127 -
128 -
129 -
130 -
131 -
132 -
133 -
134 -
135 -
136
 |
 |
SCHEDULE II, Continued
MERCURY GENERAL CORPORATION
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
STATEMENTS OF CASH FLOWS
Year Ended December 31,
2011 2010 2009
(Amounts in thousands)
Cash flows from operating activities:
Net cash (used in) provided by operating activities ................ $ (312) $ (4,441) $ 19,094
Cash flows from investing activities:
Dividends from subsidiaries .................................. 270,000 128,000 110,000
Fixed maturities:
Calls or maturities ..................................... — 265 320
Equity securities:
Purchases ............................................ (50,056) (836) (8,021)
Sales ................................................ 43,520 2,070 6,486
Calls ................................................ — 895 —
Net decrease in payable for securities .......................... — — (1,719)
Net (increase) decrease in short-term investments ................ (21,451) (583) 47,274
Other, net ................................................ 1,047 (110) (3,260)
Net cash provided by investing activities .................... 243,060 129,701 151,080
Cash flows from financing activities:
Dividends paid to shareholders ............................... (132,142) (129,863) (127,617)
Excess tax benefit from exercise of stock options ................. 56 132 5
Payment to retire senior notes ................................ (125,000) — —
Proceeds from stock options exercised ......................... 1,951 733 393
Net cash used in financing activities ....................... (255,135) (128,998) (127,219)
Net (decrease) increase in cash ................................... (12,387) (3,738) 42,955
Cash:
Beginning of year .......................................... 41,606 45,344 2,389
End of year ............................................... $ 29,219 $ 41,606 $ 45,344
See accompanying notes to condensed financial information.
See accompanying Report of Independent Registered Public Accounting Firm
S-6