MERCURY GENERAL CORP
For the period ended Mar 31, 2025. Filed May 6, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 6, 2025
MCY$84.21+1.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of March and December 31,
CONSOLIDATED BALANCE SHEETS
| March 31, 2025 | December 31, 2024 | |
|---|---|---|
| (unaudited) | ||
| ASSETS | ||
| Investments, at fair value: | ||
| Fixed maturity securities (amortized cost $4,651,732; $4,982,459) | $4,600,058 | $4,913,378 |
| Equity securities (cost $530,996; $795,068) | 588,341 | 879,175 |
| Short-term investments (cost $208,121; $283,792) | 208,143 | 283,817 |
| Total investments | 5,396,542 | 6,076,370 |
| Cash | 1,284,790 | 720,257 |
| Receivables: | ||
| Premiums | 752,248 | 697,176 |
| Allowance for credit losses on premiums receivable | (6,600) | (6,400) |
| Premiums receivable, net of allowance for credit losses | 745,648 | 690,776 |
| Accrued investment income | 61,895 | 67,630 |
| Other | 151,306 | 62,118 |
| Total receivables | 958,849 | 820,524 |
| Reinsurance recoverables (net of allowance for credit losses $1,192; $0) | 623,599 | 28,613 |
| Deferred policy acquisition costs | 336,470 | 335,332 |
| Fixed assets (net of accumulated depreciation $332,172; $321,454) | 141,650 | 138,177 |
| Operating lease right-of-use assets | 17,637 | 13,407 |
| Current income taxes | 3,897 | — |
| Deferred income taxes | 51,893 | 45,854 |
| Goodwill | 42,796 | 42,796 |
| Other intangible assets, net | 7,468 | 7,682 |
| Other assets | 162,067 | 81,620 |
| Total assets | $9,027,658 | $8,310,632 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Loss and loss adjustment expense reserves | $3,792,581 | $3,152,031 |
| Unearned premiums | 2,121,243 | 2,039,830 |
| Notes payable | 574,227 | 574,128 |
| Accounts payable and accrued expenses | 172,393 | 242,118 |
| Operating lease liabilities | 17,859 | 13,580 |
| Current income taxes | — | 20,752 |
| Other liabilities | 528,744 | 321,669 |
| Total liabilities | 7,207,047 | 6,364,108 |
| Commitments and contingencies | ||
| Shareholders’ equity: | ||
| Common stock without par value or stated value: Authorized 70,000 shares; issued and outstanding 55,389; 55,389 | 99,699 | 99,699 |
| Retained earnings | 1,720,912 | 1,846,825 |
| Total shareholders’ equity | 1,820,611 | 1,946,524 |
| Total liabilities and shareholders’ equity | $9,027,658 | $8,310,632 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.