Mercury General Corporation (MCY) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments789737603637568524514
Cash and cash equivalents294315240270314262244
Short-term investments494422362367253263271
Total current assets:789737603637568524514
Noncurrent Assets
Property, plant and equipment169168163156153150148
Intangible assets, net (including goodwill)53555657586061
Goodwill43434343434343
Intangible assets, net (excluding goodwill)11121314161718
Regulated entity, other noncurrent assets 000 00
Total noncurrent assets:222223219213211210209
Other undisclosed assets4,8784,9134,8954,7564,6554,5794,481
TOTAL ASSETS:5,8895,8735,7175,6075,4345,3135,204
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities4,0904,0713,9493,8873,8163,5793,495
Total liabilities:4,0904,0713,9493,8873,8163,5793,495
Stockholders' equity
Stockholders' equity attributable to parent1,8001,8031,7681,7191,6181,7341,710
Common stock99999998989898
Retained earnings1,7011,7041,6691,6211,5201,6361,612
Total stockholders' equity:1,8001,8031,7681,7191,6181,7341,710
TOTAL LIABILITIES AND EQUITY:5,8895,8735,7175,6075,4345,3135,204

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues9889879791,018817895885
Premiums earned, net 915889870 858834
Cost of revenue(892)(832)(805)(779)(872)(756)(747)
Policyholder benefits and claims incurred, net(738)(681)(657)(630)(725)(614)(606)
Deferred policy acquisition costs, amortization expense(154)(151)(149)(148)(147)(142)(142)
Gross profit:96155174239(56)138138
Operating expenses(934)(70)(68)(67)(871)(64)(61)
Operating income (loss):(839)85106171(927)7578
Interest and debt expense(4)(4)(4)(4)(4)(4)(4)
Other undisclosed income from continuing operations before equity method investments, income taxes871   817  
Income (loss) from continuing operations before income taxes:2881102167(114)7073
Income tax expense (benefit)3(12)(18)(31)33(12)(13)
Net income (loss) available to common stockholders, diluted:326983136(82)5960

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):326983136(82)5960
Comprehensive income (loss), net of tax, attributable to parent:326983136(82)5960

Statements sources

The financial statements are based on the company's filings with the 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.

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