Mercury Insurance 2013 Annual Report Download - page 105

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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,
2013 2012
(Amounts in thousands)
ASSETS
Investments, at fair value:
Equity securities (cost $27,449; $31,178) $ 29,737 $ 27,127
Short-term investments (cost $11,089; $47,174) 11,089 47,174
Investment in subsidiaries 1,794,164 1,760,760
Total investments 1,834,990 1,835,061
Cash 46,332 10,199
Accrued investment income 16 4
Amounts receivable from affiliates 206 200
Current income taxes 0 6,333
Deferred income taxes 1,068 729
Income tax receivable from affiliates 11,573 6,182
Other assets 459 0
Total assets $ 1,894,644 $ 1,858,708
LIABILITIES AND SHAREHOLDERS’ EQUITY
Notes payable $ 50,000 $ 0
Accounts payable and accrued expenses 23 47
Amounts payable to affiliates 34 95
Income tax payable to affiliates 6,730 16,069
Current income taxes 12,672 0
Other liabilities 2,699 0
Total liabilities 72,158 16,211
Shareholders’ equity:
Common stock 81,591 79,380
Additional paid-in capital 411 0
Retained earnings 1,740,484 1,763,117
Total shareholders’ equity 1,822,486 1,842,497
Total liabilities and shareholders’ equity $ 1,894,644 $ 1,858,708