$MCY
MERCURY GENERAL CORP

2012 Q2 Form 10-Q Financial Statement

#000006499612000006 Filed on August 01, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q2
Revenue $647.7M $706.5M
YoY Change -8.33% 8.08%
Cost Of Revenue $497.3M $451.3M
YoY Change 10.17%
Gross Profit $150.5M $255.2M
YoY Change -41.05%
Gross Profit Margin 23.23% 36.12%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $117.7M $122.8M
YoY Change -4.15% 1206.69%
% of Gross Profit 78.25% 48.13%
Operating Expenses $666.2M $629.3M
YoY Change 5.86% -1.13%
Operating Profit -$515.7M -$374.1M
YoY Change 37.87%
Interest Expense $378.0K $1.669M
YoY Change -77.35% -187.84%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$18.85M $75.61M
YoY Change -124.93% 390.99%
Income Tax -$13.59M $18.36M
% Of Pretax Income 24.28%
Net Earnings -$5.264M $57.25M
YoY Change -109.19% 221.63%
Net Earnings / Revenue -0.81% 8.1%
Basic Earnings Per Share -$0.10 $1.04
Diluted Earnings Per Share -$0.10 $1.04
COMMON SHARES
Basic Shares Outstanding 54.90M shares 54.82M shares
Diluted Shares Outstanding 54.90M shares 54.84M shares

Balance Sheet

Concept 2012 Q2 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $33.10M $11.30M
YoY Change 192.92% -31.52%
LONG-TERM ASSETS
Property, Plant & Equipment $168.7M $185.1M
YoY Change -8.86% -7.91%
Goodwill $42.85M
YoY Change
Intangibles $50.65M
YoY Change
Long-Term Investments $3.113B $3.118B
YoY Change -0.14% 1.18%
Other Assets $0.00 $22.50M
YoY Change -100.0% -48.63%
Total Long-Term Assets $4.087B $4.235B
YoY Change -3.49% 1.68%
TOTAL ASSETS
Total Short-Term Assets $33.10M $11.30M
Total Long-Term Assets $4.087B $4.235B
Total Assets $4.120B $4.247B
YoY Change -2.97% 1.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $100.2M $108.5M
YoY Change -7.65% -15.76%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $100.2M $124.4M
YoY Change -19.45% -3.42%
LONG-TERM LIABILITIES
Long-Term Debt $140.0M $263.9M
YoY Change -46.95% -2.26%
Other Long-Term Liabilities $157.8M $184.4M
YoY Change -14.43% 20.92%
Total Long-Term Liabilities $297.8M $448.3M
YoY Change -33.57% 6.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $100.2M $124.4M
Total Long-Term Liabilities $297.8M $448.3M
Total Liabilities $2.260B $2.401B
YoY Change -5.88% 0.21%
SHAREHOLDERS EQUITY
Retained Earnings $1.781B
YoY Change
Common Stock $79.30M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.861B $1.846B
YoY Change
Total Liabilities & Shareholders Equity $4.120B $4.247B
YoY Change -2.97% 1.54%

Cashflow Statement

Concept 2012 Q2 2011 Q2
OPERATING ACTIVITIES
Net Income -$5.264M $57.25M
YoY Change -109.19% 221.63%
Depreciation, Depletion And Amortization $117.7M $122.8M
YoY Change -4.15% 1206.69%
Cash From Operating Activities $14.70M $57.50M
YoY Change -74.43% 201.05%
INVESTING ACTIVITIES
Capital Expenditures -$3.600M -$3.600M
YoY Change 0.0% -54.43%
Acquisitions
YoY Change
Other Investing Activities -$23.00M -$50.40M
YoY Change -54.37% 2091.3%
Cash From Investing Activities -$26.50M -$54.00M
YoY Change -50.93% 434.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -32.40M -32.70M
YoY Change -0.92% 2.19%
NET CHANGE
Cash From Operating Activities 14.70M 57.50M
Cash From Investing Activities -26.50M -54.00M
Cash From Financing Activities -32.40M -32.70M
Net Change In Cash -44.20M -29.20M
YoY Change 51.37% 26.96%
FREE CASH FLOW
Cash From Operating Activities $14.70M $57.50M
Capital Expenditures -$3.600M -$3.600M
Free Cash Flow $18.30M $61.10M
YoY Change -70.05% 126.3%

Facts In Submission

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Recently Issued Accounting Standards</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2011, the FASB issued a new standard which revises the manner in which entities present comprehensive income in their financial statements. The new standard removes the presentation options and requires entities to report components of comprehensive income in either&#160;a continuous statement of comprehensive income or&#160;two separate but consecutive statements. The new standard does not change the items that must be reported in other comprehensive income. The Company adopted the new standard which became effective for the interim period ended March 31, 2012. The adoption of the new standard did not have a material impact on the Company&#8217;s consolidated financial statements. In December 2011, the FASB issued a new standard which indefinitely defers certain provisions of this standard that revised the manner in which entities present comprehensive income in financial statements. One of this standard&#8217;s provisions required entities to present reclassification adjustments out of accumulated other comprehensive income by component in both the statement in which net income is presented and the statement in which other comprehensive income is presented. Accordingly, this requirement is indefinitely deferred and will be further deliberated by the FASB at a future date. The new standard was effective for the interim period ended March 31, 2012.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2011, the FASB issued a new standard which develops a single and converged guidance on how to measure fair value and on required disclosures about fair value measurements. While the new standard is largely consistent with existing fair value measurement principles, it expands existing disclosure requirements for fair value measurements and makes other amendments. The Company adopted the new standard which became effective for the interim period ended March 31, 2012. The adoption of the new standard did not have a material impact on the Company&#8217;s consolidated financial statements.</font></div></div>
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OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax
0 USD
CY2011Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
10000 USD
CY2012Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
0 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
0 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
60000 USD
CY2012Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
0 USD
CY2011Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
16000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
0 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
109000 USD
CY2011Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
55098000 USD
CY2012Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
51203000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
104128000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
113770000 USD
CY2012Q2 us-gaap Other Income
OtherIncome
2544000 USD
CY2011Q2 us-gaap Other Income
OtherIncome
4443000 USD
us-gaap Other Income
OtherIncome
5258000 USD
us-gaap Other Income
OtherIncome
7713000 USD
CY2011Q4 us-gaap Other Liabilities
OtherLiabilities
149007000 USD
CY2012Q2 us-gaap Other Liabilities
OtherLiabilities
157780000 USD
CY2011Q4 us-gaap Other Receivables
OtherReceivables
11320000 USD
CY2012Q2 us-gaap Other Receivables
OtherReceivables
11691000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1610000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-6436000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
65784000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
66973000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
183740000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
260626000 USD
us-gaap Payments To Acquire Available For Sale Securities Equity
PaymentsToAcquireAvailableForSaleSecuritiesEquity
144919000 USD
us-gaap Payments To Acquire Available For Sale Securities Equity
PaymentsToAcquireAvailableForSaleSecuritiesEquity
230301000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
7775000 USD
CY2012Q2 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
497251000 USD
CY2011Q2 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
451338000 USD
us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
947167000 USD
us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
897799000 USD
CY2011Q4 us-gaap Premiums And Other Receivables Net
PremiumsAndOtherReceivablesNet
332660000 USD
CY2012Q2 us-gaap Premiums And Other Receivables Net
PremiumsAndOtherReceivablesNet
361957000 USD
CY2012Q2 us-gaap Premiums Earned Net Property And Casualty
PremiumsEarnedNetPropertyAndCasualty
637247000 USD
CY2011Q2 us-gaap Premiums Earned Net Property And Casualty
PremiumsEarnedNetPropertyAndCasualty
642331000 USD
us-gaap Premiums Earned Net Property And Casualty
PremiumsEarnedNetPropertyAndCasualty
1280818000 USD
us-gaap Premiums Earned Net Property And Casualty
PremiumsEarnedNetPropertyAndCasualty
1273059000 USD
CY2011Q4 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
288799000 USD
CY2012Q2 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
317438000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
150979000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
189772000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
149716000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
56117000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Equity
ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
75024000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Equity
ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
191342000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
1393000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
2453000 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
3826000 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
56301000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2098000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
641000 USD
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
177760000 USD
CY2012Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
168696000 USD
CY2012Q2 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-23759000 USD
CY2011Q2 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
23764000 USD
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
52454000 USD
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
28904000 USD
CY2012Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1781430000 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1780311000 USD
CY2011Q2 us-gaap Revenues
Revenues
706547000 USD
CY2012Q2 us-gaap Revenues
Revenues
647705000 USD
us-gaap Revenues
Revenues
1412090000 USD
us-gaap Revenues
Revenues
1370380000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
314000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
-85000 USD
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
55000 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
90500 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
80000 shares
CY2011Q4 us-gaap Short Term Investments
ShortTermInvestments
236444000 USD
CY2012Q2 us-gaap Short Term Investments
ShortTermInvestments
179326000 USD
CY2010 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
10000 shares
CY2012Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1860731000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1857483000 USD
CY2012Q2 us-gaap Trading Securities Debt
TradingSecuritiesDebt
2487637000 USD
CY2011Q4 us-gaap Trading Securities Debt
TradingSecuritiesDebt
2445589000 USD
CY2012Q2 us-gaap Trading Securities Equity
TradingSecuritiesEquity
446167000 USD
CY2011Q4 us-gaap Trading Securities Equity
TradingSecuritiesEquity
380388000 USD
CY2012Q2 us-gaap Unearned Premiums
UnearnedPremiums
882441000 USD
CY2011Q4 us-gaap Unearned Premiums
UnearnedPremiums
843427000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;text-align:justify;text-indent:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. These estimates require the Company to apply complex assumptions and judgments, and often the Company must make estimates about effects of matters that are inherently uncertain and will likely change in subsequent periods. The most significant assumptions in the preparation of these consolidated financial statements relate to reserves for losses and loss adjustment expenses. Actual results could differ from those estimates (See Note 1 &#8220;Summary of Significant Accounting Policies&#8221; of the Notes to Consolidated Financial Statements in the Company&#8217;s Annual Report on Form 10-K for the year ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2011</font><font style="font-family:inherit;font-size:10pt;">).</font></div></div>
CY2011Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54837000 shares
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54895000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54915000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54834000 shares
CY2011Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54820000 shares
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54895000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54814000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54886000 shares
CY2011Q4 mcy Amortized Cost On Fixed Maturity Trading Investments
AmortizedCostOnFixedMaturityTradingInvestments
2345620000 USD
CY2012Q2 mcy Amortized Cost On Fixed Maturity Trading Investments
AmortizedCostOnFixedMaturityTradingInvestments
2356492000 USD
CY2011Q4 mcy Cost Equity Security Trading Investments
CostEquitySecurityTradingInvestments
388417000 USD
CY2012Q2 mcy Cost Equity Security Trading Investments
CostEquitySecurityTradingInvestments
459672000 USD
CY2011Q4 mcy Cost Short Term Investments
CostShortTermInvestments
236433000 USD
CY2012Q2 mcy Cost Short Term Investments
CostShortTermInvestments
179799000 USD
CY2012Q2 mcy Fair Value Assets Measured On Recurring Basis
FairValueAssetsMeasuredOnRecurringBasis
3113130000 USD
CY2011Q4 mcy Fair Value Assets Measured On Recurring Basis
FairValueAssetsMeasuredOnRecurringBasis
3062421000 USD
CY2012Q2 mcy Fair Value Liabilities Measured On Recurring Basis
FairValueLiabilitiesMeasuredOnRecurringBasis
1042000 USD
CY2011Q4 mcy Fair Value Liabilities Measured On Recurring Basis
FairValueLiabilitiesMeasuredOnRecurringBasis
1325000 USD
CY2012Q2 mcy Fair Value Transfers Between Levels One Two And Three Amount
FairValueTransfersBetweenLevelsOneTwoAndThreeAmount
0 transfers
CY2011Q2 mcy Fair Value Transfers Between Levels One Two And Three Amount
FairValueTransfersBetweenLevelsOneTwoAndThreeAmount
0 transfers
mcy Percentage Of Largest Amount Of Tax Benefit Realized
PercentageOfLargestAmountOfTaxBenefitRealized
0.5
mcy Percentage Of Specific Unadjusted Broker Quotes Obtained
PercentageOfSpecificUnadjustedBrokerQuotesObtained
0.03
mcy Percentage Of Unadjusted Fair Value Obtained
PercentageOfUnadjustedFairValueObtained
0.97
mcy Performance Period Of Restricted Stock And Restricted Stock Units
PerformancePeriodOfRestrictedStockAndRestrictedStockUnits
P3Y
CY2011 mcy Performance Vesting Restricted Stock Units Three Year Performance Period Ending Years
PerformanceVestingRestrictedStockUnitsThreeYearPerformancePeriodEndingYears
2013
CY2012 mcy Performance Vesting Restricted Stock Units Three Year Performance Period Ending Years
PerformanceVestingRestrictedStockUnitsThreeYearPerformancePeriodEndingYears
2014
CY2010 mcy Performance Vesting Restricted Stock Units Three Year Performance Period Ending Years
PerformanceVestingRestrictedStockUnitsThreeYearPerformancePeriodEndingYears
2012
CY2010 mcy Performance Vesting Restricted Stock Units Vesting Shares Maximum
PerformanceVestingRestrictedStockUnitsVestingSharesMaximum
55000 shares
CY2012 mcy Performance Vesting Restricted Stock Units Vesting Shares Maximum
PerformanceVestingRestrictedStockUnitsVestingSharesMaximum
203625 shares
CY2011 mcy Performance Vesting Restricted Stock Units Vesting Shares Maximum
PerformanceVestingRestrictedStockUnitsVestingSharesMaximum
120000 shares
mcy Proceeds From Calls Of Available For Sale Securities Equity
ProceedsFromCallsOfAvailableForSaleSecuritiesEquity
923000 USD
mcy Proceeds From Calls Of Available For Sale Securities Equity
ProceedsFromCallsOfAvailableForSaleSecuritiesEquity
0 USD
dei Document Period End Date
DocumentPeriodEndDate
2012-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000064996
CY2012Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
54911377 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
MERCURY GENERAL CORP

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