Mercury Insurance 2012 Annual Report Download - page 49

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28
Item 6. Selected Financial Data
The following selected financial and operating data are derived from the Company’s audited consolidated financial
statements. The selected financial and operating data should be read in conjunction with “Item 7. Management’s Discussion and
Analysis of Financial Condition and Results of Operations” and the consolidated financial statements and notes thereto contained
elsewhere in this Annual Report on Form 10-K.
Year Ended December 31,
2012 2011 2010 2009 2008
(Amounts in thousands, except per share data)
Income Data:
Net premiums earned $ 2,574,920 $ 2,566,057 $ 2,566,685 $ 2,625,133 $ 2,808,839
Net investment income 131,896 140,947 143,814 144,949 151,280
Net realized investment gains (losses) 66,380 58,397 57,089 346,444 (550,520)
Other 10,174 11,884 8,297 4,967 4,597
Total revenues 2,783,370 2,777,285 2,775,885 3,121,493 2,414,196
Losses and loss adjustment expenses 1,961,448 1,829,205 1,825,766 1,782,233 2,060,409
Policy acquisition costs 477,788 481,721 505,565 543,307 624,854
Other operating expenses 207,281 215,711 255,358 217,683 174,828
Interest 1,543 5,549 6,806 6,729 4,966
Total expenses 2,648,060 2,532,186 2,593,495 2,549,952 2,865,057
Income (loss) before income taxes 135,310 245,099 182,390 571,541 (450,861)
Income tax expense (benefit) 18,399 53,935 30,192 168,469 (208,742)
Net income (loss) $ 116,911 $ 191,164 $ 152,198 $ 403,072 $ (242,119)
Per Share Data:
Basic earnings per share $ 2.13 $ 3.49 $ 2.78 $ 7.36 $ (4.42)
Diluted earnings per share $ 2.13 $ 3.49 $ 2.78 $ 7.32 $ (4.42)
Dividends paid $ 2.4425 $ 2.41 $ 2.37 $ 2.33 $ 2.32
December 31,
2012 2011 2010 2009 2008
(Amounts in thousands, except per share data)
Balance Sheet Data:
Total investments $ 3,180,095 $ 3,062,421 $ 3,155,257 $ 3,146,857 $ 2,933,820
Total assets 4,189,686 4,070,006 4,203,364 4,232,633 3,950,195
Losses and loss adjustment expenses 1,036,123 985,279 1,034,205 1,053,334 1,133,508
Unearned premiums 920,429 843,427 833,379 844,540 879,651
Notes payable 140,000 140,000 267,210 271,397 158,625
Shareholders’ equity 1,842,497 1,857,483 1,794,815 1,770,946 1,494,051
Book value per share 33.55 33.86 32.75 32.33 27.28