Mercury Insurance 2015 Annual Report Download - page 40

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28
Item 6. Selected Financial Data
The following selected financial and operating data are derived from the Company’s audited consolidated financial
statements. The selected financial and operating data should be read in conjunction with "Item 7. Management’s Discussion and
Analysis of Financial Condition and Results of Operations" and "Item 8. Financial Statements and Supplementary Data."
Year Ended December 31,
2015 2014 2013 2012 2011
(Amounts in thousands, except per share data)
Income Data:
Net premiums earned $ 2,957,897 $ 2,796,195 $ 2,698,187 $ 2,574,920 $ 2,566,057
Net investment income 126,299 125,723 124,538 131,896 140,947
Net realized investment (losses) gains (83,807) 81,184 (11,422) 66,380 58,397
Other 8,911 8,671 9,738 10,174 11,884
Total revenues 3,009,300 3,011,773 2,821,041 2,783,370 2,777,285
Losses and loss adjustment expenses 2,145,495 1,986,122 1,962,690 1,961,448 1,829,205
Policy acquisition costs 539,231 526,208 505,517 477,788 481,721
Other operating expenses 250,839 249,381 219,478 207,281 215,711
Interest 3,168 2,637 1,260 1,543 5,549
Total expenses 2,938,733 2,764,348 2,688,945 2,648,060 2,532,186
Income before income taxes 70,567 247,425 132,096 135,310 245,099
Income tax (benefit) expense (3,912) 69,476 19,953 18,399 53,935
Net income $ 74,479 $ 177,949 $ 112,143 $ 116,911 $ 191,164
Per Share Data:
Basic earnings per share $ 1.35 $ 3.23 $ 2.04 $ 2.13 $ 3.49
Diluted earnings per share $ 1.35 $ 3.23 $ 2.04 $ 2.13 $ 3.49
Dividends paid per share $ 2.4725 $ 2.4625 $ 2.4525 $ 2.4425 $ 2.4100
December 31,
2015 2014 2013 2012 2011
(Amounts in thousands, except per share data)
Balance Sheet Data:
Total investments $ 3,380,642 $ 3,403,822 $ 3,158,312 $ 3,180,095 $ 3,062,421
Total assets 4,628,645 4,600,289 4,315,181 4,189,686 4,070,006
Losses and loss adjustment expenses 1,146,688 1,091,797 1,038,984 1,036,123 985,279
Unearned premiums 1,049,314 999,798 953,527 920,429 843,427
Notes payable 290,000 290,000 190,000 140,000 140,000
Shareholders’ equity 1,820,885 1,875,446 1,822,486 1,842,497 1,857,483
Book value per share 33.01 34.02 33.15 33.55 33.86