Mercury Insurance 2014 Annual Report Download - page 61

Download and view the complete annual report

Please find page 61 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


2))%$/$1&( 6+((7 $55$1*(0(176
$V RI 'HFHPEHU   WKH &RPSDQ\ KDG QR RIIEDODQFH VKHHW DUUDQJHPHQWV DV GHILQHG XQGHU 5HJXODWLRQ 6. D
 DQG WKH LQVWUXFWLRQV WKHUHWR
&2175$&78$/2%/,*$7,216
7KH &RPSDQ\µV VLJQLILFDQW FRQWUDFWXDO REOLJDWLRQV DW 'HFHPEHU   DUH VXPPDUL]HG DV IROORZV
&RQWUDFWXDO2EOLJDWLRQV 7RWDO      7KHUHDIWHU
$PRXQWV LQWKRXVDQGV
'HEWLQFOXGLQJ LQWHUHVW           
/HDVH REOLJDWLRQV       
/RVVHV DQGORVV DGMXVWPHQW
H[SHQVHV      
7RWDO&RQWUDFWXDO
2EOLJDWLRQV             
BBBBBBBBBB
 7KH &RPSDQ\µV GHEW FRQWDLQV YDULRXV WHUPV FRQGLWLRQV DQG FRYHQDQWV ZKLFK LI YLRODWHG E\ WKH &RPSDQ\ ZRXOG UHVXOW LQ
D GHIDXOW DQG FRXOG UHVXOW LQ WKH DFFHOHUDWLRQ RI WKH &RPSDQ\µV SD\PHQW REOLJDWLRQV $PRXQWV GLIIHU IURP WKH EDODQFH
SUHVHQWHG RQ WKH FRQVROLGDWHG EDODQFH VKHHWV DV RI 'HFHPEHU   EHFDXVH WKH GHEW DPRXQWV DERYH LQFOXGH LQWHUHVW
FDOFXODWHG DW WKH PRVW UHFHQW /,%25 UDWH DQG EDQN PDUJLQ LQ HIIHFW
 7KH &RPSDQ\ LV REOLJDWHG XQGHU YDULRXV QRQFDQFHOODEOH OHDVH DJUHHPHQWV SURYLGLQJ IRU RIILFH VSDFH DXWRPRELOHV DQG
RIILFH HTXLSPHQW WKDW H[SLUH DW YDULRXV GDWHV WKURXJK WKH \HDU 
 5HVHUYH IRU ORVVHV DQG ORVV DGMXVWPHQW H[SHQVHV LV DQ HVWLPDWH RI DPRXQWV QHFHVVDU\ WR VHWWOH DOO RXWVWDQGLQJ FODLPV LQFOXGLQJ
,%15 DV RI 'HFHPEHU  7KH &RPSDQ\ KDV HVWLPDWHG WKH WLPLQJ RI WKHVH SD\PHQWV EDVHG RQ LWV KLVWRULFDO H[SHULHQFH
DQG H[SHFWDWLRQ RI IXWXUH SD\PHQW SDWWHUQV +RZHYHU WKH WLPLQJ RI WKHVH SD\PHQWV PD\ YDU\ VLJQLILFDQWO\ IURP WKH DPRXQWV
VKRZQ DERYH 7KH XOWLPDWH FRVW RI ORVVHV PD\ YDU\ PDWHULDOO\ IURP UHFRUGHG DPRXQWV ZKLFK DUH WKH &RPSDQ\µV EHVW
HVWLPDWHV
 7KH WDEOH H[FOXGHV OLDELOLWLHV RI  PLOOLRQ UHODWHG WR XQFHUWDLQW\ LQ WD[ VHWWOHPHQWV DV WKH &RPSDQ\ LV XQDEOH WR UHDVRQDEO\
HVWLPDWH WKH WLPLQJ DQG DPRXQW RI UHODWHG IXWXUH SD\PHQWV