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Condensed Financial Information of Registrant (Tables) | 12 Months Ended
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Dec. 31, 2012
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Schedule of Condensed Balance Sheet |
SCHEDULE II MERCURY GENERAL CORPORATION CONDENSED FINANCIAL INFORMATION OF REGISTRANT BALANCE SHEETS
| December 31,
| 2012 |  | 2011
| (Amounts in thousands)
ASSETS |  |  |
Investments, at fair value: |  |  |
Equity securities (cost $31,178; $24,885) | $ | 27,127 |  |  | $ | 20,282 |
Short-term investments (cost $47,174; $26,817) | 47,174 |  |  | 26,817 |
Investment in subsidiaries | 1,760,760 |  |  | 1,787,047 |
Total investments | 1,835,061 |  |  | 1,834,146 |
Cash | 10,199 |  |  | 29,219 |
Accrued investment income | 4 |  |  | 17 |
Amounts receivable from affiliates | 200 |  |  | 200 |
Current income taxes | 6,333 |  |  | 22 |
Deferred income taxes | 729 |  |  | 1,654 |
Income tax receivable from affiliates | 6,182 |  |  | 12,833 |
Total assets | $ | 1,858,708 |  |  | $ | 1,878,091 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
Accounts payable and accrued expenses | $ | 47 |  |  | $ | 48 |
Amounts payable to affiliates | 95 |  |  | 0 |
Income tax payable to affiliates | 16,069 |  |  | 20,288 |
Other liabilities | 0 |  |  | 272 |
Total liabilities | 16,211 |  |  | 20,608 |
Shareholders’ equity: |  |  |
Common stock | 79,380 |  |  | 76,634 |
Additional paid in capital | 0 |  |  | 538 |
Retained earnings | 1,763,117 |  |  | 1,780,311 |
Total shareholders’ equity | 1,842,497 |  |  | 1,857,483 |
Total liabilities and shareholders’ equity | $ | 1,858,708 |  |  | $ | 1,878,091 |
Schedule of Condensed Income Statement |
SCHEDULE II, Continued MERCURY GENERAL CORPORATION CONDENSED FINANCIAL INFORMATION OF REGISTRANT STATEMENTS OF OPERATIONS
| Year Ended December 31,
| 2012 |  | 2011 |  | 2010
| (Amounts in thousands)
Revenues: |  |  |  |  |
Net investment income | $ | 1,114 |  |  | $ | 1,411 |  |  | $ | 951 |
Net realized investment gains (losses) | 697 |  |  | (1,866 | ) |  | 1,420 |
Total revenues | 1,811 |  |  | (455 | ) |  | 2,371 |
Expenses: |  |  |  |  |
Other operating expenses | 1,688 |  |  | 2,267 |  |  | 12,945 |
Interest | 0 |  |  | 1,341 |  |  | 2,180 |
Total expenses | 1,688 |  |  | 3,608 |  |  | 15,125 |
Income (loss) before income taxes and equity in net income of subsidiaries | 123 |  |  | (4,063 | ) |  | (12,754 | )
Income tax expense (benefit) | 1,800 |  |  | (684 | ) |  | (3,507 | )
Loss before equity in net income of subsidiaries | (1,677 | ) |  | (3,379 | ) |  | (9,247 | )
Equity in net income of subsidiaries | 118,588 |  |  | 194,543 |  |  | 161,445 |
Net income | $ | 116,911 |  |  | $ | 191,164 |  |  | $ | 152,198 |
Schedule of Condensed Comprehensive Income Statement | STATEMENTS OF COMPREHENSIVE INCOME
| Year Ended December 31,
| 2012 |  | 2011 |  | 2010
| (Amounts in thousands)
Net income | $ | 116,911 |  |  | $ | 191,164 |  |  | $ | 152,198 |
Other comprehensive income (loss), before tax: |  |  |  |  |
Gains (losses) on hedging instrument | 0 |  |  | 1,139 |  |  | (220 | )
Other comprehensive income (loss), before tax | 0 |  |  | 1,139 |  |  | (220 | )
Income tax expense (benefit) related to gains (losses) on hedging instrument | 0 |  |  | 399 |  |  | (77 | )
Other comprehensive income (loss), net of tax: | 0 |  |  | 740 |  |  | (143 | )
Comprehensive income | $ | 116,911 |  |  | $ | 191,904 |  |  | $ | 152,055 |
Schedule of Condensed Cash Flow Statement |
SCHEDULE II, Continued MERCURY GENERAL CORPORATION CONDENSED FINANCIAL INFORMATION OF REGISTRANT STATEMENTS OF CASH FLOWS
| Year Ended December 31,
| 2012 |  | 2011 |  | 2010
| (Amounts in thousands)
Cash flows from operating activities: |  |  |  |  |
Net cash used in operating activities | $ | (5,590 | ) |  | $ | (312 | ) |  | $ | (4,441 | )
Cash flows from investing activities: |  |  |  |  |
Dividends from subsidiaries | 145,000 |  |  | 270,000 |  |  | 128,000 |
Fixed maturity securities: |  |  |  |  |
Calls or maturities | 0 |  |  | 0 |  |  | 265 |
Equity securities: |  |  |  |  |
Purchases | (14,102 | ) |  | (50,056 | ) |  | (836 | )
Sales | 7,308 |  |  | 43,520 |  |  | 2,070 |
Calls | 0 |  |  | 0 |  |  | 895 |
Net increase in short-term investments | (20,413 | ) |  | (21,451 | ) |  | (583 | )
Other, net | 304 |  |  | 1,047 |  |  | (110 | )
Net cash provided by investing activities | 118,097 |  |  | 243,060 |  |  | 129,701 |
Cash flows from financing activities: |  |  |  |  |
Dividends paid to shareholders | (134,105 | ) |  | (132,142 | ) |  | (129,863 | )
Excess tax benefit from exercise of stock options | 86 |  |  | 56 |  |  | 132 |
Payment to retire senior notes | 0 |  |  | (125,000 | ) |  | 0 |
Proceeds from stock options exercised | 2,492 |  |  | 1,951 |  |  | 733 |
Net cash used in financing activities | (131,527 | ) |  | (255,135 | ) |  | (128,998 | )
Net decrease in cash | (19,020 | ) |  | (12,387 | ) |  | (3,738 | )
Cash: |  |  |  |  |
Beginning of year | 29,219 |  |  | 41,606 |  |  | 45,344 |
End of year | $ | 10,199 |  |  | $ | 29,219 |  |  | $ | 41,606 |
SUPPLEMENTAL CASH FLOW DISCLOSURE |  |  |  |  |
Interest paid | $ | 0 |  |  | $ | 1,932 |  |  | $ | 1,972 |
Income taxes paid (received) | $ | 4,667 |  |  | $ | (1,252 | ) |  | $ | (8,755 | )

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