Mercury General Corporation (MCY) Financial Statements (2024 and earlier)

Company Profile

Business Address 4484 WILSHIRE BLVD
LOS ANGELES, CA 90010
State of Incorp. CA
Fiscal Year End December 31
Industry (SIC) 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,7795,2015,478724789568
Cash and cash equivalents551290336348294314
Short-term investments5,2294,9115,143376494253
Receivables 455    
Total current assets:5,7845,2565,478724789568
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 3443 
Operating lease, right-of-use asset14203241 
Property, plant and equipment151171191179169153
Intangible assets, net (including goodwill)515253545358
Goodwill434343434343
Intangible assets, net (excluding goodwill)8910111116
Regulated entity, other noncurrent assets      
Deferred income tax assets3343   
Total noncurrent assets:253291280277222211
Other undisclosed assets1,0679681,0145,3274,8784,655
TOTAL ASSETS:7,1036,5146,7726,3285,8895,434
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities   10  
Taxes payable 10  
Accrued liabilities      
Total current liabilities:   10  
Noncurrent Liabilities
Liabilities, other than long-term debt   5441  
Deferred income tax liabilities   5441 
Total noncurrent liabilities:   5441  
Other undisclosed liabilities5,5554,9924,5794,2444,0903,816
Total liabilities:5,5554,9924,6324,2964,0903,816
Equity
Equity, attributable to parent1,5481,5222,1402,0331,8001,618
Common stock999999999998
Retained earnings1,4491,4232,0411,9341,7011,520
Total equity:1,5481,5222,1402,0331,8001,618
TOTAL LIABILITIES AND EQUITY:7,1036,5146,7726,3285,8895,434

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues4,6303,6433,9933,7853,9733,380
Premiums earned, net      
Cost of revenue(4,226)(4,017)(3,394)(3,023)(3,308)(3,149)
Policyholder benefits and claims incurred, net(3,518)(3,362)(2,760)(2,395)(2,706)(2,577)
Deferred policy acquisition costs, amortization expense(709)(655)(633)(628)(602)(572)
Gross profit:403(374)600761664231
Operating expenses(1,268)(280)(283)(286)(1,141)(1,061)
Operating income (loss):(865)(653)316476(476)(830)
Interest and debt expense(24)(17)(17)(17)(17)(17)
Other undisclosed income from continuing operations before equity method investments, income taxes     871817
Income (loss) from continuing operations before equity method investments, income taxes:(889)(671)299459378(31)
Other undisclosed income from continuing operations before income taxes988     
Income (loss) from continuing operations before income taxes:99(671)299459378(31)
Income tax expense (benefit)(3)158(51)(84)(58)25
Income (loss) from continuing operations:96(513)248375320(6)
Income (loss) before gain (loss) on sale of properties:248375320(6)
Net income (loss) available to common stockholders, diluted:96(513)248375320(6)

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):96(513)248375320(6)
Comprehensive income (loss), net of tax, attributable to parent:96(513)248375320(6)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: