Mercury Insurance 2014 Annual Report Download - page 51

Download and view the complete annual report

Please find page 51 of the 2014 Mercury Insurance annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 114

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114


'HFHPEHU 
 
$PRXQWV LQ WKRXVDQGV H[FHSWSHU VKDUH GDWD
1HWLQFRPH    
%DVLFDYHUDJH VKDUHVRXWVWDQGLQJ  
'LOXWHG DYHUDJH VKDUHV RXWVWDQGLQJ  
%DVLF 3HU6KDUH'DWD
1HW ,QFRPH    
1HW UHDOL]HGLQYHVWPHQW JDLQVORVVHV QHW RI WD[   
'LOXWHG3HU6KDUH'DWD
1HW ,QFRPH    
1HW UHDOL]HGLQYHVWPHQW JDLQVORVVHV QHWRI WD[   
<HDU(QGHG'HFHPEHU &RPSDUHGWR <HDU(QGHG'HFHPEHU
5HYHQXHV
1HW SUHPLXPV ZULWWHQ DQG QHW SUHPLXPV HDUQHG LQ  LQFUHDVHG  DQG  UHVSHFWLYHO\ IURP  7KH LQFUHDVH
LQ QHW SUHPLXPV ZULWWHQ ZDV SULPDULO\ GXH WR KLJKHU DYHUDJH SUHPLXPV SHU SROLF\ ZKLFK SULPDULO\ UHVXOWHG IURP WKH 2FWREHU 
 UDWH LQFUHDVH RQ &DOLIRUQLD SULYDWH SDVVHQJHU DXWRPRELOH SROLFLHV DV ZHOO DV UDWH LQFUHDVHV WDNHQ LQ QRQ&DOLIRUQLD VWDWHV ,Q
DGGLWLRQ WKH &RPSDQ\ LPSOHPHQWHG D  UDWH LQFUHDVH LQ -XO\  RQ SULYDWH SDVVHQJHU DXWRPRELOH SROLFLHV ZULWWHQ LQ &$,&
ZKLFK UHSUHVHQWHG DSSUR[LPDWHO\  RI WRWDO &DOLIRUQLD SULYDWH SDVVHQJHU DXWRPRELOH QHW SUHPLXPV ZULWWHQ DV RI 'HFHPEHU 

7KH IROORZLQJ LV D UHFRQFLOLDWLRQ RI WRWDO QHW SUHPLXPV ZULWWHQ WR QHW SUHPLXPV HDUQHG
 
$PRXQWV LQWKRXVDQGV
1HWSUHPLXPVZULWWHQ    
&KDQJH LQQHW XQHDUQHG SUHPLXP 
1HW SUHPLXPV HDUQHG    
([SHQVHV
7KH IROORZLQJ WDEOH SUHVHQWV WKH &RPSDQ\µV FRQVROLGDWHG ORVV H[SHQVH DQG FRPELQHG UDWLRV GHWHUPLQHG LQ DFFRUGDQFH
ZLWK *$$3
 
/RVV UDWLR  
([SHQVHUDWLR  
&RPELQHGUDWLR  
7KH &RPSDQ\µV ORVV UDWLR ZDV DIIHFWHG E\ XQIDYRUDEOH GHYHORSPHQW RI DSSUR[LPDWHO\  PLOOLRQ DQG  PLOOLRQ RQ SULRU
DFFLGHQW \HDUVµ ORVVHV DQG ORVV DGMXVWPHQW H[SHQVH UHVHUYHV IRU WKH \HDUV HQGHG 'HFHPEHU  DQG  UHVSHFWLYHO\ 7KH
 ORVV UDWLR ZDV DOVR QHJDWLYHO\ LPSDFWHG E\ D WRWDO RI  PLOOLRQ RI FDWDVWURSKH ORVVHV PRVWO\ GXH WR WRUQDGRHV LQ 2NODKRPD
DQG VHYHUH VWRUPV LQ WKH 0LGZHVW DQG 6RXWKHDVW UHJLRQV GXULQJ  7KH XQIDYRUDEOH GHYHORSPHQW LQ  ZDV ODUJHO\ WKH UHVXOW
RI UHHVWLPDWHV RI &DOLIRUQLD %, ORVVHV ZKLFK H[SHULHQFHG ERWK KLJKHU DYHUDJH VHYHULWLHV DQG PRUH ODWH UHSRUWHG FODLPV WKDQ
RULJLQDOO\ HVWLPDWHG DW 'HFHPEHU  7KH  ORVV UDWLR ZDV DOVR QHJDWLYHO\ LPSDFWHG E\ D WRWDO RI  PLOOLRQ RI FDWDVWURSKH
ORVVHV PRVWO\ GXH WR +XUULFDQH 6DQG\ DQG ZLQG DQG KDLO VWRUPV LQ WKH 0LGZHVW UHJLRQ GXULQJ  ([FOXGLQJ WKH HIIHFW RI
HVWLPDWHG SULRU SHULRGVµORVV GHYHORSPHQW DQG FDWDVWURSKH ORVVHV WKH ORVV UDWLR ZDV  DQG  IRU WKH \HDUV HQGHG 'HFHPEHU
  DQG  UHVSHFWLYHO\
1HW ,QFRPH