Mercury Insurance 2012 Annual Report Download - page 22

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1
PART I
Item 1. Business
General
Mercury General Corporation (“Mercury General”) and its subsidiaries (referred to herein collectively as the “Company”)
are primarily engaged in writing personal automobile insurance through 13 insurance subsidiaries (referred to herein collectively
as the “Insurance Companies”) in a number of states, principally California. The Company also writes homeowners, commercial
automobile and property, mechanical breakdown, fire, and umbrella insurance. The direct premiums written for the years ended
December 31, 2012, 2011, and 2010 by state and line of business were:
Year Ended December 31, 2012
(Amounts in thousands)
Private
Passenger Auto Homeowners
Commercial
Auto Other Lines Total
California $ 1,670,025 $ 255,418 $ 41,200 $ 65,474 $ 2,032,117 76.5%
Florida (1) 161,720 (181) 14,783 7,118 183,440 6.9%
Texas 61,477 10,149 9,181 24,496 105,303 4.0%
New Jersey 72,299 3,479 0 407 76,185 2.9%
Other states 175,010 49,430 9,491 24,744 258,675 9.7%
Total $ 2,140,531 $ 318,295 $ 74,655 $ 122,239 $ 2,655,720 100%
80.6% 12.0% 2.8% 4.6% 100%
(1) The Company completed its exit of the Florida homeowners market in 2012.
Year Ended December 31, 2011
(Amounts in thousands)
Private
Passenger Auto Homeowners
Commercial
Auto Other Lines Total
California $ 1,613,954 $ 234,616 $ 48,161 $ 57,378 $ 1,954,109 75.8%
Florida 165,506 7,679 14,705 8,974 196,864 7.6%
Texas 61,373 3,986 5,831 22,860 94,050 3.7%
New Jersey 88,171 2,396 0 462 91,029 3.5%
Other states 176,598 36,511 6,945 23,577 243,631 9.4%
Total $ 2,105,602 $ 285,188 $ 75,642 $ 113,251 $ 2,579,683 100%
81.6% 11.1% 2.9% 4.4% 100%
Year Ended December 31, 2010
(Amounts in thousands)
Private
Passenger Auto Homeowners
Commercial
Auto Other Lines Total
California $ 1,627,938 $ 219,749 $ 57,451 $ 54,601 $ 1,959,739 76.6%
Florida 156,959 12,250 13,984 6,225 189,418 7.4%
Texas 63,788 1,552 5,874 16,678 87,892 3.4%
New Jersey 86,510 1,144 0 388 88,042 3.4%
Other states 180,568 26,865 7,194 19,107 233,734 9.2%
Total $ 2,115,763 $ 261,560 $ 84,503 $ 96,999 $ 2,558,825 100%
82.7% 10.2% 3.3% 3.8% 100%
The Company offers automobile policyholders the following types of coverage: collision, property damage liability, bodily
injury (BI) liability, comprehensive, personal injury protection (PIP), underinsured and uninsured motorist, and other hazards.
The Company’s published maximum limits of liability for private passenger automobile insurance are, for BI, $250,000 per person