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Condensed Financial Information of Registrant (Schedule Of Condensed Financial Information Of Registrant, Statements Of Cash Flow) (Details) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities:      
Net cash used in operating activities $ 246,535us-gaap_NetCashProvidedByUsedInOperatingActivities $ 209,804us-gaap_NetCashProvidedByUsedInOperatingActivities $ 148,062us-gaap_NetCashProvidedByUsedInOperatingActivities
Equity securities:      
Purchases (542,494)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt (831,796)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt (590,562)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt
Sales 745,058us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity 872,997us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity 277,272us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
(Decrease) increase in payable for securities, net 9,294us-gaap_IncreaseDecreaseInBrokerDealerRelatedReceivablesPayablesNet 1,702us-gaap_IncreaseDecreaseInBrokerDealerRelatedReceivablesPayablesNet 1,919us-gaap_IncreaseDecreaseInBrokerDealerRelatedReceivablesPayablesNet
Other, net 3,472us-gaap_PaymentsForProceedsFromOtherInvestingActivities 1,741us-gaap_PaymentsForProceedsFromOtherInvestingActivities 2,255us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash used in investing activities (194,035)us-gaap_NetCashProvidedByUsedInInvestingActivities (18,351)us-gaap_NetCashProvidedByUsedInInvestingActivities (69,745)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:      
Dividends paid to shareholders (135,496)us-gaap_PaymentsOfDividendsCommonStock (134,776)us-gaap_PaymentsOfDividendsCommonStock (134,105)us-gaap_PaymentsOfDividendsCommonStock
Excess tax benefit from exercise of stock options 148us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 202us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 86us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Proceeds from stock options exercised 6,247us-gaap_ProceedsFromStockOptionsExercised 1,446us-gaap_ProceedsFromStockOptionsExercised 2,492us-gaap_ProceedsFromStockOptionsExercised
Proceeds from bank loan 100,000us-gaap_ProceedsFromBankDebt 50,000us-gaap_ProceedsFromBankDebt 0us-gaap_ProceedsFromBankDebt
Net cash used in financing activities (29,101)us-gaap_NetCashProvidedByUsedInFinancingActivities (83,128)us-gaap_NetCashProvidedByUsedInFinancingActivities (131,527)us-gaap_NetCashProvidedByUsedInFinancingActivities
Net increase (decrease) in cash 23,399us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 108,325us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (53,210)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash:      
Beginning of year 266,508us-gaap_Cash 158,183us-gaap_Cash 211,393us-gaap_Cash
End of year 289,907us-gaap_Cash 266,508us-gaap_Cash 158,183us-gaap_Cash
SUPPLEMENTAL CASH FLOW DISCLOSURE      
Interest paid 2,543us-gaap_InterestPaid 998us-gaap_InterestPaid 1,690us-gaap_InterestPaid
Income taxes paid (received) 61,139us-gaap_IncomeTaxesPaid 16,503us-gaap_IncomeTaxesPaid 18,481us-gaap_IncomeTaxesPaid
Parent Company [Member]      
Cash flows from operating activities:      
Net cash used in operating activities (3,434)us-gaap_NetCashProvidedByUsedInOperatingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(843)us-gaap_NetCashProvidedByUsedInOperatingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(5,590)us-gaap_NetCashProvidedByUsedInOperatingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Cash flows from investing activities:      
Capital contribution to controlled entities (30,125)mcy_PaymentsforContributionstoSubsidiaries
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(40,125)mcy_PaymentsforContributionstoSubsidiaries
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(125)mcy_PaymentsforContributionstoSubsidiaries
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Dividends from subsidiaries 231,756us-gaap_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
120,000us-gaap_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
145,000us-gaap_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Equity securities:      
Purchases (254,572)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(25,038)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(14,102)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Sales 90,422us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
25,798us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
7,308us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(Decrease) increase in payable for securities, net (2,489)us-gaap_IncreaseDecreaseInBrokerDealerRelatedReceivablesPayablesNet
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
2,489us-gaap_IncreaseDecreaseInBrokerDealerRelatedReceivablesPayablesNet
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
0us-gaap_IncreaseDecreaseInBrokerDealerRelatedReceivablesPayablesNet
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Net decrease (increase) in short-term investments (1,346)us-gaap_ProceedsFromSaleOfShortTermInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(36,085)us-gaap_ProceedsFromSaleOfShortTermInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(20,413)us-gaap_ProceedsFromSaleOfShortTermInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Other, net 2,191us-gaap_PaymentsForProceedsFromOtherInvestingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
895us-gaap_PaymentsForProceedsFromOtherInvestingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
429us-gaap_PaymentsForProceedsFromOtherInvestingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Net cash used in investing activities 38,529us-gaap_NetCashProvidedByUsedInInvestingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
120,104us-gaap_NetCashProvidedByUsedInInvestingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
118,097us-gaap_NetCashProvidedByUsedInInvestingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Cash flows from financing activities:      
Dividends paid to shareholders (135,496)us-gaap_PaymentsOfDividendsCommonStock
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(134,776)us-gaap_PaymentsOfDividendsCommonStock
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(134,105)us-gaap_PaymentsOfDividendsCommonStock
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Excess tax benefit from exercise of stock options 148us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
202us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
86us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Proceeds from stock options exercised 6,247us-gaap_ProceedsFromStockOptionsExercised
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
1,446us-gaap_ProceedsFromStockOptionsExercised
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
2,492us-gaap_ProceedsFromStockOptionsExercised
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Proceeds from bank loan 100,000us-gaap_ProceedsFromBankDebt
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
50,000us-gaap_ProceedsFromBankDebt
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
0us-gaap_ProceedsFromBankDebt
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Net cash used in financing activities (29,101)us-gaap_NetCashProvidedByUsedInFinancingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(83,128)us-gaap_NetCashProvidedByUsedInFinancingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(131,527)us-gaap_NetCashProvidedByUsedInFinancingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Net increase (decrease) in cash 5,994us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
36,133us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(19,020)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Cash:      
Beginning of year 46,332us-gaap_Cash
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
10,199us-gaap_Cash
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
29,219us-gaap_Cash
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
End of year 52,326us-gaap_Cash
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
46,332us-gaap_Cash
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
10,199us-gaap_Cash
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
SUPPLEMENTAL CASH FLOW DISCLOSURE      
Interest paid 1,757us-gaap_InterestPaid
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
318us-gaap_InterestPaid
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
0us-gaap_InterestPaid
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Income taxes paid (received) $ 2,112us-gaap_IncomeTaxesPaid
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
$ (827)us-gaap_IncomeTaxesPaid
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
$ 4,667us-gaap_IncomeTaxesPaid
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember