Mercury General Corporation (MCY) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,478724789568594596449
Cash and cash equivalents336348294314291220264
Short-term investments5,143376494253303376185
Total current assets:5,478724789568594596449
Noncurrent Assets
Finance lease, right-of-use asset43 
Operating lease, right-of-use asset3241 
Property, plant and equipment191179169153145156157
Intangible assets, net (including goodwill)53545358646874
Goodwill43434343434343
Intangible assets, net (excluding goodwill)10111116212632
Total noncurrent assets:280277222211209224232
Other undisclosed assets1,0145,3274,8784,6554,2983,9683,948
TOTAL ASSETS:6,7726,3285,8895,4345,1014,7894,629
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 10     
Taxes payable 10     
Total current liabilities: 10     
Noncurrent Liabilities
Liabilities, other than long-term debt5441     
Deferred income tax liabilities5441 
Total noncurrent liabilities:5441     
Other undisclosed liabilities4,5794,2444,0903,8163,3403,0362,808
Total liabilities:4,6324,2964,0903,8163,3403,0362,808
Stockholders' equity
Stockholders' equity attributable to parent2,1402,0331,8001,6181,7611,7521,821
Common stock99999998989691
Additional paid in capital      9
Retained earnings2,0411,9341,7011,5201,6641,6571,721
Total stockholders' equity:2,1402,0331,8001,6181,7611,7521,821
TOTAL LIABILITIES AND EQUITY:6,7726,3285,8895,4345,1014,7894,629

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues3,9933,7853,9733,3803,4163,2283,009
Cost of revenue(3,394)(3,023)(3,308)(3,149)(3,000)(2,918)(2,685)
Policyholder benefits and claims incurred, net(2,760)(2,395)(2,706)(2,577)
Deferred policy acquisition costs, amortization expense(633)(628)(602)(572)(555)(563)(539)
Financial services costs(2,445)(2,355)(2,145)
Gross profit:600761664231416310325
Operating expenses(283)(286)(1,141)(1,061)(233)(235)(251)
Operating income (loss):316476(476)(830)1827574
Interest and debt expense(17)(17)(17)(17)(15)(4)(3)
Other undisclosed income from continuing operations before equity method investments, income taxes  871817   
Income (loss) from continuing operations before income taxes:299459378(31)1677171
Income tax expense (benefit)(51)(84)(58)25(22)24
Net income (loss) available to common stockholders, diluted:248375320(6)1457374

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):248375320(6)1457374
Comprehensive income (loss), net of tax, attributable to parent:248375320(6)1457374

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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