Mercury Insurance 2014 Annual Report Download - page 53
Download and view the complete annual report
Please find page 53 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.
*DLQV/RVVHV 5HFRJQL]HGLQ 1HW ,QFRPH
<HDU(QGHG 'HFHPEHU
6DOHV
&KDQJHV LQ IDLU
YDOXH 7RWDO
$PRXQWVLQ WKRXVDQGV
1HW UHDOL]HGJDLQVORVVHVIURP LQYHVWPHQWV
)L[HG PDWXULW\VHFXULWLHV
(TXLW\ VHFXULWLHV
6KRUWWHUP LQYHVWPHQWV
7RWDO UHWXUQ VZDS
2SWLRQVVROG
7RWDO
BBBBBBBBBB
7KH FKDQJHV LQ IDLU YDOXH RI WKH LQYHVWPHQW SRUWIROLR UHVXOW IURP WKH DSSOLFDWLRQ RI WKH IDLU YDOXH RSWLRQ
7KH &RPSDQ\µV PXQLFLSDO ERQG KROGLQJV UHSUHVHQW WKH PDMRULW\ RI WKH IL[HG PDWXULW\ SRUWIROLR 7KH GHFUHDVHV LQ ZHUH
SULPDULO\ FDXVHG E\ WKH RYHUDOO GHFOLQH LQ WKH PXQLFLSDO PDUNHW DQG WKH LQFUHDVHV LQ ZHUH SULPDULO\ FDXVHG E\ WKH
RYHUDOO LPSURYHPHQW LQ WKH PXQLFLSDO ERQG PDUNHW
7KH LQFUHDVHV LQ WKH &RPSDQ\µV HTXLW\ VHFXULWLHV ZHUH SULPDULO\ FDXVHG E\ WKH RYHUDOO LPSURYHPHQW LQ WKH HTXLW\ PDUNHWV
LQ ERWK DQG
1HW ,QFRPH
'HFHPEHU
$PRXQWV LQ WKRXVDQGV H[FHSWSHU VKDUH GDWD
1HWLQFRPH
%DVLFDYHUDJH VKDUHVRXWVWDQGLQJ
'LOXWHGDYHUDJH VKDUHVRXWVWDQGLQJ
%DVLF 3HU6KDUH'DWD
1HW ,QFRPH
1HW UHDOL]HGLQYHVWPHQW ORVVHVJDLQVQHW RI WD[
'LOXWHG3HU6KDUH'DWD
1HW ,QFRPH
1HW UHDOL]HGLQYHVWPHQW ORVVHVJDLQVQHW RI WD[
/,48,',7< $1' &$3,7$/ 5(6285&(6
$*HQHUDO
7KH &RPSDQ\ LV ODUJHO\ GHSHQGHQW XSRQ GLYLGHQGV UHFHLYHG IURP LWV LQVXUDQFH VXEVLGLDULHV WR SD\ GHEW VHUYLFH FRVWV DQG
WR PDNH GLVWULEXWLRQV WR LWV VKDUHKROGHUV 8QGHU FXUUHQW LQVXUDQFH ODZ WKH ,QVXUDQFH &RPSDQLHV DUH HQWLWOHG WR SD\ RUGLQDU\
GLYLGHQGV RI DSSUR[LPDWHO\ PLOOLRQ LQ WR 0HUFXU\ *HQHUDO 7KH ,QVXUDQFH &RPSDQLHV SDLG 0HUFXU\ *HQHUDO RUGLQDU\
GLYLGHQGV RI PLOOLRQ GXULQJ $V RI 'HFHPEHU 0HUFXU\ *HQHUDO KDG DSSUR[LPDWHO\ PLOOLRQ LQ LQYHVWPHQWV
DQG FDVK WKDW FRXOG EH XWLOL]HG WR VDWLVI\ LWV GLUHFW KROGLQJ FRPSDQ\ REOLJDWLRQV
7KH SULQFLSDO VRXUFHV RI IXQGV IRU WKH ,QVXUDQFH &RPSDQLHV DUH SUHPLXPV VDOHV DQG PDWXULW\ RI LQYHVWHG DVVHWV DQG GLYLGHQG
DQG LQWHUHVW LQFRPH IURP LQYHVWHG DVVHWV 7KH SULQFLSDO XVHV RI IXQGV IRU WKH ,QVXUDQFH &RPSDQLHV DUH WKH SD\PHQW RI FODLPV DQG
UHODWHG H[SHQVHV RSHUDWLQJ H[SHQVHV GLYLGHQGV WR 0HUFXU\ *HQHUDO SD\PHQW RI GHEW DQG WKH SXUFKDVH RI LQYHVWPHQWV
%&DVK)ORZV
7KH &RPSDQ\ KDV JHQHUDWHG SRVLWLYH FDVK IORZ IURP RSHUDWLRQV IRU PRUH WKDQ WZHQW\ FRQVHFXWLYH \HDUV DQG GRHV QRW DWWHPSW
WR PDWFK WKH GXUDWLRQ DQG WLPLQJ RI DVVHW PDWXULWLHV ZLWK WKRVH RI OLDELOLWLHV 5DWKHU WKH &RPSDQ\ PDQDJHV LWV SRUWIROLR ZLWK D
YLHZ WRZDUGV PD[LPL]LQJ WRWDO UHWXUQ ZLWK DQ HPSKDVLV RQ DIWHUWD[ LQFRPH :LWK FRPELQHG FDVK DQG VKRUWWHUP LQYHVWPHQWV RI