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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments724789568594596449662
Cash and cash equivalents348294314291220264290
Short-term investments376494253303376185373
Total current assets:724789568594596449662
Noncurrent Assets
Finance lease, right-of-use asset3 
Operating lease, right-of-use asset41 
Property, plant and equipment179169153145156157159
Intangible assets, net (including goodwill)54535864687478
Goodwill43434343434343
Intangible assets, net (excluding goodwill)11111621263236
Total noncurrent assets:277222211209224232237
Other undisclosed assets5,3274,8784,6554,2983,9683,9483,700
TOTAL ASSETS:6,3285,8895,4345,1014,7894,6294,600
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities10      
Taxes payable10      
Total current liabilities:10      
Noncurrent Liabilities
Liabilities, other than long-term debt41      
Deferred income tax liabilities41 
Total noncurrent liabilities:41      
Other undisclosed liabilities4,2444,0903,8163,3403,0362,8082,725
Total liabilities:4,2964,0903,8163,3403,0362,8082,725
Stockholders' equity
Stockholders' equity attributable to parent2,0331,8001,6181,7611,7521,8211,875
Common stock99999898969189
Additional paid in capital     94
Retained earnings1,9341,7011,5201,6641,6571,7211,783
Total stockholders' equity:2,0331,8001,6181,7611,7521,8211,875
TOTAL LIABILITIES AND EQUITY:6,3285,8895,4345,1014,7894,6294,600

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues3,7853,9733,3803,4163,2283,0093,012
Financial services revenue   2,796
Cost of revenue(3,023)(3,308)(3,149)(3,000)(2,918)(2,685)(1,986)
Policyholder benefits and claims incurred, net(2,395)(2,706)(2,577)
Deferred policy acquisition costs, amortization expense(628)(602)(572)(555)(563)(539)526
Financial services costs(2,445)(2,355)(2,145)(1,986)
Gross profit:7616642314163103251,026
Operating expenses(286)(1,141)(1,061)(233)(235)(251)(278)
Operating income (loss):476(476)(830)1827574747
Nonoperating expense      (68)
Loss from catastrophes      (63)
Interest and debt expense(17)(17)(17)(15)(4)(3)(3)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 871817   (430)
Income (loss) from continuing operations before income taxes:459378(31)1677171247
Income tax expense (benefit)(84)(58)25(22)24(69)
Net income (loss) available to common stockholders, diluted:375320(6)1457374178

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):375320(6)1457374178
Comprehensive income (loss), net of tax, attributable to parent:375320(6)1457374178

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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