Mercury Insurance 2015 Annual Report Download - page 110

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See accompanying notes to condensed financial information.
See accompanying Report of Independent Registered Public Accounting Firm
S-4
SCHEDULE II
MERCURY GENERAL CORPORATION
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
BALANCE SHEETS
December 31,
2015 2014
(Amounts in thousands)
ASSETS
Investments, at fair value:
Fixed maturity securities (cost $557; $0) $ 571 $ —
Equity securities (cost $131,217; $189,032) 127,572 182,300
Short-term investments (cost $1,144; $9,744) 1,144 9,744
Investment in subsidiaries 1,819,426 1,783,049
Total investments 1,948,713 1,975,093
Cash 20,139 52,326
Accrued investment income 208 158
Amounts receivable from affiliates 220 1,181
Current income taxes 8,894 239
Deferred income taxes 10,524 6,975
Income tax receivable from affiliates 5,917 3,482
Other assets 2,981 1,095
Total assets $ 1,997,596 $ 2,040,549
LIABILITIES AND SHAREHOLDERS’ EQUITY
Notes payable $ 150,000 $ 150,000
Amounts payable to affiliates 25 97
Income tax payable to affiliates 26,439 14,728
Other liabilities 247 278
Total liabilities 176,711 165,103
Commitments and contingencies
Shareholders’ equity:
Common stock 90,985 88,705
Additional paid-in capital 8,870 3,804
Retained earnings 1,721,030 1,782,937
Total shareholders’ equity 1,820,885 1,875,446
Total liabilities and shareholders’ equity $ 1,997,596 $ 2,040,549