MERCURY GENERAL CORP
For the period ended Dec 31, 2025. Filed Feb 17, 2026.
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FY2025 · Filed Feb 17, 2026
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, | ||
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Investments, at fair value: | ||
| Fixed maturity securities (amortized cost $5,449,726; $4,982,459) | $5,430,251 | $4,913,378 |
| Equity securities (cost $728,460; $795,068) | 812,787 | 879,175 |
| Short-term investments (cost $336,978; $283,792) | 336,992 | 283,817 |
| Total investments | 6,580,030 | 6,076,370 |
| Cash | 1,315,574 | 720,257 |
| Receivables: | ||
| Premiums | 751,554 | 697,176 |
| Allowance for credit losses on premiums receivable | (6,000) | (6,400) |
| Premiums receivable, net of allowance for credit losses | 745,554 | 690,776 |
| Accrued investment income | 73,004 | 67,630 |
| Other | 86,508 | 62,118 |
| Total receivables | 905,066 | 820,524 |
| Reinsurance recoverables (net of allowance for credit losses $39; $0) | 109,672 | 28,613 |
| Deferred policy acquisition costs | 359,724 | 335,332 |
| Fixed assets, net | 146,880 | 138,177 |
| Operating lease right-of-use assets | 12,125 | 13,407 |
| Deferred income taxes | 30,637 | 45,854 |
| Goodwill | 42,796 | 42,796 |
| Other intangible assets, net | 6,827 | 7,682 |
| Other assets | 51,338 | 81,620 |
| Total assets | $9,560,669 | $8,310,632 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Loss and loss adjustment expense reserves | $3,633,338 | $3,152,031 |
| Unearned premiums | 2,255,935 | 2,039,830 |
| Notes payable | 574,527 | 574,128 |
| Accounts payable and accrued expenses | 448,703 | 417,765 |
| Operating lease liabilities | 12,328 | 13,580 |
| Current income taxes | 30,770 | 20,752 |
| Other liabilities | 187,793 | 146,022 |
| Total liabilities | 7,143,394 | 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 | 2,317,576 | 1,846,825 |
| Total shareholders’ equity | 2,417,275 | 1,946,524 |
| Total liabilities and shareholders’ equity | $9,560,669 | $8,310,632 |
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