MERCURY GENERAL CORPORATION
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.39B | $3.15B | $2.95B | $2.83B | $2.82B | $2.72B | $2.62B | $2.56B |
| Net Premiums Earned | $3.21B | $3.01B | $2.79B | $2.69B | $2.68B | $2.58B | $2.48B | $2.41B |
| Net Investment Income | $137.6M | $125.7M | $118.5M | $118.2M | $116.9M | $126.0M | $132.7M | $137.6M |
| Net Realized Investment Gains (Losses) | $34.9M | $19.7M | $40.6M | $17.0M | $18.5M | $15.2M | $4.2M | $9.9M |
| Net Unrealized Investment Gains (Losses) on Equity Securities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income | $2.2M | $2.8M | $2.1M | $2.3M | $2.3M | $2.6M | $2.2M | $2.0M |
| Cost of Revenue | $10.2M | — | — | — | — | — | — | — |
| Gross Profit | $3.38B | — | — | — | — | — | — | — |
| Gross Margin | 99.7% | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $182.3M | $74.7M | $73.7M | $250.1M | $133.4M | $136.9M | $250.6M | $189.2M |
| Operating Margin | 5.4% | 2.4% | 2.5% | 8.8% | 4.7% | 5.0% | 9.6% | 7.4% |
| Interest Expense | $15.2M | $4.0M | $3.2M | $2.6M | $1.3M | $1.5M | $5.5M | $6.8M |
| Pretax Income | $167.1M | $70.7M | $70.6M | $247.4M | $132.1M | $135.3M | $245.1M | $182.4M |
| Income Tax Expense | $22.2M | $-2.3M | $-3.9M | $69.5M | $20.0M | $18.4M | $53.9M | $30.2M |
| Net Income | $144.9M | $73.0M | $74.5M | $177.9M | $112.1M | $116.9M | $191.2M | $152.2M |
| Net Margin | 4.3% | 2.3% | 2.5% | 6.3% | 4.0% | 4.3% | 7.3% | 5.9% |
| EPS (Basic) | $2.62 | $1.32 | $1.35 | $3.23 | $2.04 | $2.13 | $3.49 | $2.78 |
| EPS (Diluted) | $2.62 | $1.32 | $1.35 | $3.23 | $2.04 | $2.13 | $3.49 | $2.78 |
| Shares Outstanding (Basic) | 55.3M | 55.2M | 55.2M | 55.0M | 54.9M | 54.9M | 54.8M | 54.8M |
| Shares Outstanding (Diluted) | 55.3M | 55.3M | 55.2M | 55.0M | 55.0M | 54.9M | 54.8M | 54.8M |
| Dividends Per Share | $2.49 | $2.48 | $2.47 | $2.46 | $2.45 | $2.44 | $2.41 | $2.37 |