Mercury Insurance 2011 Annual Report Download - page 52

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For a discussion of certain restrictions on the payment of dividends to Mercury General by some of its
insurance subsidiaries, see Note 12 of Notes to Consolidated Financial Statements.
Performance Graph
The following graph compares the cumulative total shareholder returns on the Company’s Common Stock
(Symbol: MCY) with the cumulative total returns on the Standard and Poor’s 500 Composite Stock Price Index
(“S&P 500 Index”) and the Company’s industry peer group over the last five years. The graph assumes that $100
was invested on December 31, 2006 in each of the Company’s Common Stock, the S&P 500 Index and the
industry peer group and the reinvestment of all dividends.
Comparative Five-Year Cumulative Total Returns
Stock Price Plus Reinvested Dividends
20112006 2007 2008 2009 2010
$60
$70
$80
$90
$100
$110
$120
Mercury General
Industry Peer Group
S&P 500 Index
2006 2007 2008 2009 2010 2011
Mercury General ............................ $100.00 $ 98.23 $95.25 $87.32 $101.16 $113.90
Industry Peer Group ......................... 100.00 107.69 77.48 81.60 98.20 97.46
S&P 500 Index ............................. 100.00 105.50 66.45 84.03 96.68 98.72
The industry peer group consists of Ace Limited, Alleghany Corporation, Allstate Corporation, American
Financial Group, Berkshire Hathaway, Chubb Corporation, Cincinnati Financial Corporation, CNA Financial
Corporation, Erie Indemnity Company, Hanover Insurance Group, HCC Insurance Holdings, Markel
Corporation, Old Republic International, PMI Group, Inc., Progressive Corporation, RLI Corporation, Selective
Insurance Group, Travelers Companies, Inc., W.R. Berkley Corporation and XL Capital, Ltd.
Recent Sales of Unregistered Securities
None.
32