Mercury Insurance 2012 Annual Report Download - page 111

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See accompanying notes to condensed financial information.
See accompanying Report of Independent Registered Public Accounting Firm
S-4
SCHEDULE II
MERCURY GENERAL CORPORATION
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
BALANCE SHEETS
December 31,
2012 2011
(Amounts in thousands)
ASSETS
Investments, at fair value:
Equity securities (cost $31,178; $24,885) $ 27,127 $ 20,282
Short-term investments (cost $47,174; $26,817) 47,174 26,817
Investment in subsidiaries 1,760,760 1,787,047
Total investments 1,835,061 1,834,146
Cash 10,199 29,219
Accrued investment income 4 17
Amounts receivable from affiliates 200 200
Current income taxes 6,333 22
Deferred income taxes 729 1,654
Income tax receivable from affiliates 6,182 12,833
Total assets $ 1,858,708 $ 1,878,091
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable and accrued expenses $ 47 $ 48
Amounts payable to affiliates 95 0
Income tax payable to affiliates 16,069 20,288
Other liabilities 0 272
Total liabilities 16,211 20,608
Shareholders’ equity:
Common stock 79,380 76,634
Additional paid in capital 0 538
Retained earnings 1,763,117 1,780,311
Total shareholders’ equity 1,842,497 1,857,483
Total liabilities and shareholders’ equity $ 1,858,708 $ 1,878,091