MERCURY GENERAL CORP
For the period ended Dec 31, 2024. Filed Feb 11, 2025.
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FY2024 · Filed Feb 11, 2025
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, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Investments, at fair value: | ||
| Fixed maturity securities (amortized cost $4,982,459; $4,394,983) | $4,913,378 | $4,319,336 |
| Equity securities (cost $795,068; $654,939) | 879,175 | 730,693 |
| Short-term investments (cost $283,792; $179,375) | 283,817 | 178,491 |
| Total investments | 6,076,370 | 5,228,520 |
| Cash | 720,257 | 550,903 |
| Receivables: | ||
| Premiums | 697,176 | 607,025 |
| Allowance for credit losses on premiums receivable | (6,400) | (5,300) |
| Premiums receivable, net of allowance for credit losses | 690,776 | 601,725 |
| Accrued investment income | 67,630 | 59,128 |
| Other | 62,118 | 25,603 |
| Total receivables | 820,524 | 686,456 |
| Reinsurance recoverables (net of allowance for credit losses $0; $12) | 28,613 | 31,947 |
| Deferred policy acquisition costs | 335,332 | 293,844 |
| Fixed assets, net | 138,177 | 151,183 |
| Operating lease right-of-use assets | 13,407 | 14,406 |
| Current income taxes | — | 4,081 |
| Deferred income taxes | 45,854 | 33,013 |
| Goodwill | 42,796 | 42,796 |
| Other intangible assets, net | 7,682 | 8,333 |
| Other assets | 81,620 | 57,915 |
| Total assets | $8,310,632 | $7,103,397 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Loss and loss adjustment expense reserves | $3,152,031 | $2,785,702 |
| Unearned premiums | 2,039,830 | 1,735,660 |
| Notes payable | 574,128 | 573,729 |
| Accounts payable and accrued expenses | 242,118 | 175,219 |
| Operating lease liabilities | 13,580 | 14,231 |
| Current income taxes | 20,752 | — |
| Other liabilities | 321,669 | 270,711 |
| Total liabilities | 6,364,108 | 5,555,252 |
| Commitments and contingencies | ||
| Shareholders’ equity: | ||
| Common stock without par value or stated value: | ||
| Authorized 70,000 shares; issued and outstanding 55,389; 55,371 | 99,699 | 98,947 |
| Retained earnings | 1,846,825 | 1,449,198 |
| Total shareholders’ equity | 1,946,524 | 1,548,145 |
| Total liabilities and shareholders’ equity | $8,310,632 | $7,103,397 |
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