MERCURY GENERAL CORPORATION MCY Income Statement

Mercury general corporation (MCY)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenues:
Premiums Earned, Net
922,600	925,418	915,000	888,800	870,200	868,211	858,100	834,000	808,100	806,796	801,205	797,666	789,770	794,544	790,850	779,321	767,085	760,094	745,520	731,546	720,737	709,368	705,237	697,889	683,701	680,892	678,913	675,787	662,595	655,777	646,084	637,247	635,812	641,613	643,626	642,331	638,487	640,796	642,558	642,717	640,614	653,758	659,211
Net investment income
34,500	35,700	36,400	35,000	34,200	31,290	38,200	34,800	31,510	30,842	30,988	31,901	31,169	30,431	30,371	31,414	29,655	32,204	30,898	31,697	31,500	32,067	32,564	30,850	30,242	30,832	30,857	31,674	31,175	35,327	33,410	31,673	31,486	34,316	35,526	36,009	35,096	35,461	35,992	36,475	35,886	35,208	36,212
Realized Investment Gains (Losses)
-251,300	25,100	33,300	53,300	111,100	-85,200	-3,900	14,300	-58,700	17,366	20,718	21,156	24,460	-89,228	-15,465	45,381	25,057	-8,212	-26,286	-39,348	-9,961	-21,629	-20,089	76,190	46,712	-4,269	16,212	-67,415	44,050	-12,276	49,752	-23,759	52,663	72,862	-66,919	23,764	28,690	-23,681	86,439	-27,713	22,044	171,373	99,862
Other
2,600	1,700	2,600	2,400	2,300	2,175	2,400	2,400	2,325	2,225	5,446	2,124	2,105	1,878	2,406	1,887	2,123	2,054	2,281	2,276	2,300	2,005	2,275	2,090	2,301	2,199	2,685	2,521	2,333	2,384	2,532	2,544	2,714	663	3,508	4,443	3,270	3,063	1,761	2,180	1,293	895	694
Total revenues
708,311	987,993	987,295	979,487	1,017,743	816,618	894,811	885,391	783,184	857,254	858,357	852,847	847,504	737,598	808,162	858,003	823,920	786,168	752,413	726,171	744,548	721,811	719,987	807,019	762,956	709,654	728,667	642,567	740,153	681,212	731,778	647,705	722,675	749,454	615,741	706,547	705,543	655,639	766,750	653,659	699,837	861,234	795,979
Expenses:
Losses and loss adjustment expenses
651,700	738,100	680,900	656,600	630,400	724,966	614,100	605,500	632,234	654,350	595,290	588,595	606,665	589,616	576,316	595,086	594,082	564,189	545,692	521,214	514,400	533,951	492,525	483,043	476,603	516,166	492,558	486,906	467,060	546,352	467,929	497,251	449,916	472,876	458,530	451,338	446,461	514,969	440,566	439,609	430,622	446,436	445,463
Deferred Policy Acquisition Costs, Amortization Expense
156,500	154,200	150,900	148,600	148,400	147,416	142,300	141,500	140,984	138,672	136,290	137,839	142,599	140,860	140,203	139,922	141,560	137,403	132,881	135,100	133,847	132,244	131,090	133,060	129,814	128,511	126,891	126,393	123,722	120,726	121,906	117,726	117,430	116,072	121,016	122,829	121,804	125,257	125,001	126,325	128,982	130,172	136,359
Other operating expenses
76,557	63,055	70,341	68,420	67,489	54,505	63,904	60,822	65,399	50,516	64,339	53,432	65,188	57,314	59,006	57,700	61,294	59,822	60,788	64,537	65,692	83,040	58,545	53,792	54,004	53,313	54,087	54,015	58,063	52,928	50,225	51,203	52,925	48,914	53,027	55,098	58,672	63,807	63,711	70,516	57,324	53,766	51,364
Interest Expense
4,300	4,100	4,300	4,300	4,300	4,134	4,300	4,300	4,266	4,327	4,191	4,229	2,453	1,040	1,012	960	950	864	785	769	750	737	707	688	505	396	338	212	314	367	388	378	410	899	1,286	1,669	1,695	1,703	1,633	1,851	1,619	1,634	1,879
Total expenses
889,016	959,528	906,455	877,892	850,574	931,066	824,525	812,145	842,883	847,767	800,110	784,095	816,905	788,868	776,537	793,668	797,886	762,238	740,146	721,660	714,689	749,972	682,867	670,583	660,926	698,386	673,874	667,526	649,159	720,373	640,448	666,558	620,681	638,761	633,859	630,934	628,632	705,736	630,911	638,301	618,547	632,008	635,065
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest
-180,700	28,500	80,800	101,600	167,200	-114,401	70,300	73,200	-59,699	9,502	58,247	68,752	30,599	-51,294	31,625	64,335	26,034	23,930	12,267	4,511	29,859	-28,161	37,120	136,436	102,030	11,268	54,793	-24,959	90,994	-39,161	91,330	-18,853	101,994	110,693	-18,118	75,613	76,911	-50,097	135,839	15,358	81,290	229,226	160,914
Income tax (benefit) expense
-41,501	-3,223	11,558	18,345	31,302	-32,569	11,708	13,066	-17,092	-10,292	11,762	17,119	3,619	-25,188	4,695	15,462	2,711	525	-3,003	-5,128	3,694	-7,205	5,824	41,476	29,381	-4,108	15,223	-15,695	24,533	-21,779	25,129	-13,589	28,638	31,224	-14,336	18,362	18,685	-26,450	38,990	-2,459	20,111	71,489	46,467
Net Income (Loss) Attributable to Parent
-139,200	31,600	69,300	83,300	135,900	-81,893	58,600	60,200	-42,607	19,802	46,485	51,633	26,980	-26,082	26,930	48,873	23,323	23,444	15,270	9,600	26,165	-20,956	31,296	94,960	72,649	15,376	39,570	-9,264	66,461	-17,382	66,201	-5,264	73,356	79,469	-3,782	57,251	58,226	-23,647	96,849	17,817	61,179	157,737	114,447
Net income per share:
Basic (in dollars per share)
-2.51	0.57	1.25	1.50	2.46	-1.48	1.06	1.09	-0.77	0.36	0.84	0.93	0.49	-0.47	0.49	0.88	0.42	0.43	0.28	0.17	0.47	-0.39	0.57	1.73	1.32	0.28	0.72	-0.17	1.21	-0.32	1.21	-0.10	1.34	1.46	-0.07	1.04	1.06	-0.44	1.77	0.33	1.12	2.88	2.09
Diluted (in dollars per share)
-2.51	0.58	1.25	1.50	2.45	-1.48	1.06	1.09	-0.77	0.36	0.84	0.93	0.49	-0.47	0.49	0.88	0.42	0.43	0.28	0.17	0.47	-0.39	0.57	1.73	1.32	0.28	0.72	-0.17	1.21	-0.32	1.21	-0.10	1.34	1.46	-0.07	1.04	1.06	-0.43	1.77	0.32	1.12	2.85	2.07
Weighted average shares outstanding:
Basic (in shares)
55,358	-	55,355	55,353	55,341	-	55,337	55,332	55,332	-	55,324	55,311	55,297	-	55,259	55,254	55,201	-	55,164	55,160	55,139	-	55,002	54,978	54,977	-	54,959	54,941	54,922	-	54,911	54,895	54,877	-	54,826	54,820	54,809	-	54,795	54,788	54,783	54,770	54
Diluted (in shares)
55,358	-	55,366	55,363	55,348	-	55,341	55,335	55,332	-	55,334	55,323	55,312	-	55,328	55,322	55,208	-	55,178	55,179	55,159	-	55,014	54,989	54,986	-	54,973	54,941	54,935	-	54,925	54,895	54,908	-	54,826	54,837	54,831	-	54,817	54,833	54,805	55,313	55
Dividends paid per share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.62	0.62	0.62	-	0.62	0.62	0.62	-	0.61	0.61	0.61	-	0.61	0.61	0.61	-	0.61	0.61	0.61	-	0.61	0.61	0.61	-	0.60	0.60	0.60	-	0.59	0.59	0.59	0.58	0.58