MERCURY GENERAL CORP
For the period ended Dec 31, 2023. Filed Feb 13, 2024.
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FY2023 · Filed Feb 13, 2024
MCY$84.21+1.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December 31, 202 and
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Investments, at fair value: | ||
| Fixed maturity securities (amortized cost $4,394,983; $4,226,790) | $4,319,336 | $4,088,311 |
| Equity securities (cost $654,939; $668,843) | 730,693 | 699,552 |
| Short-term investments (cost $179,375; $123,928) | 178,491 | 122,937 |
| Total investments | 5,228,520 | 4,910,800 |
| Cash | 550,903 | 289,776 |
| Receivables: | ||
| Premiums | 607,025 | 571,910 |
| Allowance for credit losses on premiums receivable | (5,300) | (5,800) |
| Premiums receivable, net of allowance for credit losses | 601,725 | 566,110 |
| Accrued investment income | 59,128 | 52,474 |
| Other | 25,603 | 11,358 |
| Total receivables | 686,456 | 629,942 |
| Reinsurance recoverables (net of allowance for credit losses $12; $0) | 31,947 | 25,895 |
| Deferred policy acquisition costs | 293,844 | 266,475 |
| Fixed assets, net | 151,183 | 171,442 |
| Operating lease right-of-use assets | 14,406 | 20,183 |
| Current income taxes | 4,081 | 55,136 |
| Deferred income taxes | 33,013 | 42,903 |
| Goodwill | 42,796 | 42,796 |
| Other intangible assets, net | 8,333 | 9,212 |
| Other assets | 57,915 | 49,628 |
| Total assets | $7,103,397 | $6,514,188 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Loss and loss adjustment expense reserves | $2,785,702 | $2,584,910 |
| Unearned premiums | 1,735,660 | 1,545,639 |
| Notes payable | 573,729 | 398,330 |
| Accounts payable and accrued expenses | 175,219 | 151,686 |
| Operating lease liabilities | 14,231 | 21,924 |
| Other liabilities | 270,711 | 289,568 |
| Total liabilities | 5,555,252 | 4,992,057 |
| Commitments and contingencies | ||
| Shareholders’ equity: | ||
| Common stock without par value or stated value: | ||
| Authorized 70,000 shares; issued and outstanding 55,371; 55,371 | 98,947 | 98,947 |
| Retained earnings | 1,449,198 | 1,423,184 |
| Total shareholders’ equity | 1,548,145 | 1,522,131 |
| Total liabilities and shareholders’ equity | $7,103,397 | $6,514,188 |
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