Mercury Insurance 2014 Annual Report Download

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2014ANNUALREPORT

Table of contents

  • Page 1
    2014 ANNUAL REPORT

  • Page 2
    ... the future. We've transformed our operations and technology and Mercury has emerged as a modern, forward-thinking company ready to expand our business. Now it's time to tell the world about the "new" Mercury. And what better place to start than with a strong, modern logo. We look forward to moving...

  • Page 3
    ... challenging in 2015 as private passenger auto new business sales were down 17% in 2014 and the impact of the lower new business sales in 2014 will negatively PTWHJ[V\YYLUL^HSWYLTP\TZ6\[ZPKLVM*HSPMVYUPH and excluding our Mechanical Breakdown product, we posted negative growth of 3.9% in...

  • Page 4
    ... of $17 million and increased our 2014 accident year loss estimates. To partially address the poor results, we increased rates in New York by 3% effective January 2015 and by 2% in New Jersey effective -LIY\HY`;OL*VTWHU`PZHSZVTVUP[VYPUNOV^JOHUNLZ in claims procedures, which include the...

  • Page 5
    ..., tax law changes and future prospects before a decision is made on the dividend amount. We hope you will be able to attend our annual meeting on May 13, 2015. Sincerely, LETTER TO SHAREHOLDERS George Joseph Chairman of the Board Gabriel Tirador President and Chief Executive O cer 10 11 12 13 14

  • Page 6
    4 MERCURY GENERAL CORPORATION ALL DOLLAR FIGURES IN THOUSANDS, EXCEPT PER SHARE DATA O P E R A T I N G R E S U LT S (GAAP BASIS) 2014 $ 2,840,922 (44,727...281 1,875,446 $ 34.02 6.8% 54,967 55,121 $ 2.4625 $ $ 59.68-41.70 2013 2,728,999 (30,812) 2,698,187 1,962,690 724,995 124,538 (11,422) 9,738 ...

  • Page 7
    2014 ANNUAL REPORT 5 10 YEAR summary 2011 $ 2,575,383 (9,326) 2,566,057 1,829,205 697,432 140,947 58,397 11,884 5,549 245,099 53,935 $ $ $ 191,...

  • Page 8
    ... Graves 4 Vice President and Chief Investment Officer EXECUTIVE OFFICERS George Joseph Chairman of the Board Gabriel Tirador President and Chief Executive Officer Allan Lubitz Senior Vice President and Chief Information Officer Theodore R. Stalick Senior Vice President and Chief Financial Officer...

  • Page 9
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    ... Headquarters 4484 Wilshire Boulevard, Los Angeles, California 90010 Telephone: (323) 937-1060 | Fax: (323) 857-7116 SUBSIDIARIES CORPORATE information Mercury Casualty Company Mercury Insurance Company Mercury Insurance Company of Illinois Mercury Insurance Company of Georgia Mercury Indemnity...

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    Environmental Benefits Statement To minimize our environmental impact, the Mercury General Corporation 2014 Annual Report was printed on paper containing fibers from environmentally appropriate, socially beneficial and economically viable forest resources.