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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments789568594596449662582
Cash and cash equivalents294314291220264290267
Short-term investments494253303376185373316
Total current assets:789568594596449662582
Noncurrent Assets
Property, plant and equipment169153145156157159157
Intangible assets, net (including goodwill)53586468747884
Goodwill43434343434343
Intangible assets, net (excluding goodwill)11162126323642
Total noncurrent assets:222211209224232237241
Other undisclosed assets4,8784,6554,2983,9683,9483,7003,492
TOTAL ASSETS:5,8895,4345,1014,7894,6294,6004,315
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities      12
Taxes payable      12
Total current liabilities:      12
Noncurrent Liabilities
Other undisclosed liabilities4,0903,8163,3403,0362,8082,7252,481
Total liabilities:4,0903,8163,3403,0362,8082,7252,493
Stockholders' equity
Stockholders' equity attributable to parent1,8001,6181,7611,7521,8211,8751,822
Common stock99989896918982
Additional paid in capital    940
Retained earnings1,7011,5201,6641,6571,7211,7831,740
Total stockholders' equity:1,8001,6181,7611,7521,8211,8751,822
TOTAL LIABILITIES AND EQUITY:5,8895,4345,1014,7894,6294,6004,315

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues3,9733,3803,4163,2283,0093,0122,821
Financial services revenue   2,7962,698
Cost of revenue(3,308)(3,149)(3,000)(2,918)(2,685)(1,986)(1,963)
Policyholder benefits and claims incurred, net(2,706)(2,577)
Deferred policy acquisition costs, amortization expense(602)(572)(555)(563)(539)526506
Financial services costs(2,445)(2,355)(2,145)(1,986)(1,963)
Gross profit:6642314163103251,026858
Operating expenses(1,141)(1,061)(233)(235)(251)(278)(245)
Operating income (loss):(476)(830)1827574747613
Nonoperating expense     (68)(65)
Loss from catastrophes     (63)(60)
Interest and debt expense(17)(17)(15)(4)(3)(3)(1)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes871817   (430)(415)
Income (loss) from continuing operations before income taxes:378(31)1677171247132
Income tax expense (benefit)(58)25(22)24(69)(20)
Net income (loss) available to common stockholders, diluted:320(6)1457374178112

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):320(6)1457374178112
Comprehensive income (loss), net of tax, attributable to parent:320(6)1457374178112

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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