Mercury Insurance 2013 Annual Report Download - page 43

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28
Year Ended December 31,
2013 2012 2011 2010 2009
(Amounts in thousands, except per share data)
Income Data:
Net premiums earned $ 2,698,187 $ 2,574,920 $ 2,566,057 $ 2,566,685 $ 2,625,133
Net investment income 124,538 131,896 140,947 143,814 144,949
Net realized investment (losses) gains (11,422) 66,380 58,397 57,089 346,444
Other 9,738 10,174 11,884 8,297 4,967
Total revenues 2,821,041 2,783,370 2,777,285 2,775,885 3,121,493
Losses and loss adjustment expenses 1,962,690 1,961,448 1,829,205 1,825,766 1,782,233
Policy acquisition costs 505,517 477,788 481,721 505,565 543,307
Other operating expenses 219,478 207,281 215,711 255,358 217,683
Interest 1,260 1,543 5,549 6,806 6,729
Total expenses 2,688,945 2,648,060 2,532,186 2,593,495 2,549,952
Income before income taxes 132,096 135,310 245,099 182,390 571,541
Income tax expense 19,953 18,399 53,935 30,192 168,469
Net income $ 112,143 $ 116,911 $ 191,164 $ 152,198 $ 403,072
Per Share Data:
Basic earnings per share $ 2.04 $ 2.13 $ 3.49 $ 2.78 $ 7.36
Diluted earnings per share $ 2.04 $ 2.13 $ 3.49 $ 2.78 $ 7.32
Dividends paid $ 2.4525 $ 2.4425 $ 2.41 $ 2.37 $ 2.33
December 31,
2013 2012 2011 2010 2009
(Amounts in thousands, except per share data)
Balance Sheet Data:
Total investments $ 3,158,312 $ 3,180,095 $ 3,062,421 $ 3,155,257 $ 3,146,857
Total assets 4,315,181 4,189,686 4,070,006 4,203,364 4,232,633
Losses and loss adjustment expenses 1,038,984 1,036,123 985,279 1,034,205 1,053,334
Unearned premiums 953,527 920,429 843,427 833,379 844,540
Notes payable 190,000 140,000 140,000 267,210 271,397
Shareholders’ equity 1,822,486 1,842,497 1,857,483 1,794,815 1,770,946
Book value per share 33.15 33.55 33.86 32.75 32.33