MERCURY GENERAL CORPORATION (MCY) FY2026 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-04-01 to 2026-06-30

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MERCURY GENERAL CORPORATION cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $217,702,000.00Net income → Operating adjustments reconciliation: $45,799,000.00Increase in unearned premiums → Operating adjustments reconciliation: $61,278,000.00Increase in loss and loss adjustment expense reserves → Operating adjustments reconciliation: $28,499,000.00(Decrease) increase in accounts payable and accrued expenses → Operating adjustments reconciliation: $28,164,000.00Depreciation and amortization → Operating adjustments reconciliation: $20,527,000.00Decrease (increase) in reinsurance recoverables → Operating adjustments reconciliation: $3,522,000.00Operating adjustments reconciliation → Net realized investment gains: $86,513,000.00Operating adjustments reconciliation → Changes in current and deferred income taxes: $66,273,000.00Operating adjustments reconciliation → Other, net: $19,746,000.00Operating adjustments reconciliation → Increase in deferred policy acquisition costs: $11,441,000.00Operating adjustments reconciliation → Increase in premiums receivable: $3,816,000.00Net proceeds from issuance of senior notes → financing reconciliation: $519,422,000.00financing reconciliation → Net cash from financing activities: $351,460,000.00financing reconciliation → Paydown of principal on credit facility: $150,000,000.00financing reconciliation → Dividends paid to shareholders: $17,586,000.00financing reconciliation → Payments on finance lease obligations: $376,000.00Net cash used in investing activities → investing reconciliation: $219,215,000.00Sales → investing reconciliation: $596,312,000.00Calls or maturities → investing reconciliation: $224,125,000.00(Increase) decrease in short-term investments → investing reconciliation: $73,472,000.00Sales → investing reconciliation: $54,455,000.00Changes in securities payable and receivable → investing reconciliation: $19,541,000.00Other, net → investing reconciliation: $6,204,000.00investing reconciliation → Purchases: $626,672,000.00investing reconciliation → Purchases: $550,522,000.00investing reconciliation → Purchases of fixed assets: $16,130,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $1,350,883,000.00Net cash from operating activities → Cash sources and uses: $217,702,000.00Net cash from financing activities → Cash sources and uses: $351,460,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $1,700,830,000.00Cash sources and uses → Net cash used in investing activities: $219,215,000.00Net income: $263,501,000.00Net income+$263.50 MDepreciation and amortization: $20,527,000.00D&A and accretion+$20.53 MNet realized investment gains: -$86,513,000.00Realized investment gain & loss−$86.51 MNet gains on sales of fixed assets: $0.00Increase in premiums receivable: -$3,816,000.00Premiums receivable−$3.82 MDecrease (increase) in reinsurance recoverables: $3,522,000.00Reinsurance recoverables+$3.52 MChanges in current and deferred income taxes: -$66,273,000.00Deferred tax balances−$66.27 MIncrease in deferred policy acquisition costs: -$11,441,000.00Deferred acquisition costs−$11.44 MIncrease in loss and loss adjustment expense reserves: $28,499,000.00Claims reserves+$28.50 MIncrease in unearned premiums: $61,278,000.00Unearned premiums+$61.28 M(Decrease) increase in accounts payable and accrued expenses: $28,164,000.00Payables & accrued liabilities+$28.16 MOther, net: -$19,746,000.00Other operating liabilities−$19.75 MNet cash from operating activities: $217,702,000.00Operating cash+$217.70 MOperating adjustments reconciliation: $187,789,000.00Dividends paid to shareholders: -$17,586,000.00Ordinary dividends paid−$17.59 MNet proceeds from issuance of senior notes: $519,422,000.00Senior debt issued+$519.42 MPayments on finance lease obligations: -$376,000.00Finance lease payments−$376.00 KPaydown of principal on credit facility: -$150,000,000.00Credit line repayments−$150.00 MNet cash from financing activities: $351,460,000.00Financing cash+$351.46 Mfinancing reconciliation: $519,422,000.00Purchases: -$550,522,000.00AFS securities purchases−$550.52 MSales: $54,455,000.00AFS securities sales+$54.46 MCalls or maturities: $224,125,000.00AFS securities maturities+$224.13 MPurchases: -$626,672,000.00Equity securities purchases−$626.67 MSales: $596,312,000.00Equity securities sales+$596.31 MChanges in securities payable and receivable: $19,541,000.00Securities payable & receivable+$19.54 M(Increase) decrease in short-term investments: $73,472,000.00Short-term investments, net+$73.47 MPurchases of fixed assets: -$16,130,000.00PP&E purchases−$16.13 MSales of fixed assets: $0.00Other, net: $6,204,000.00Other investing, net+$6.20 MNet cash used in investing activities: -$219,215,000.00. Cash required to fund net payments.Investing cash−$219.22 Minvesting reconciliation: $1,193,324,000.00Cash sources and uses: $1,920,045,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $1,350,883,000.00Beginning cash$1.35 BEnding cash: Cash, cash equivalents, and restricted cash: $1,700,830,000.00Ending cash$1.70 BCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsFree cash flow$201.57 MOperating cash − cash spent on PP&ECash flow / Net income0.83×Operating cash flow ÷ net incomeNet cash change+$349.95 MEnding cash − beginning cash
Chart details

MERCURY GENERAL CORPORATION cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026

Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 31, 2026
1,350,883,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
217,702,000 US dollars. Net cash provided.
Net income
263,501,000 US dollars
Depreciation and amortization
20,527,000 US dollars
Net realized investment gains
negative 86,513,000 US dollars
Net gains on sales of fixed assets
0 US dollars
Increase in premiums receivable
negative 3,816,000 US dollars
Decrease (increase) in reinsurance recoverables
3,522,000 US dollars
Changes in current and deferred income taxes
negative 66,273,000 US dollars
Increase in deferred policy acquisition costs
negative 11,441,000 US dollars
Increase in loss and loss adjustment expense reserves
28,499,000 US dollars
Increase in unearned premiums
61,278,000 US dollars
(Decrease) increase in accounts payable and accrued expenses
28,164,000 US dollars
Other, net
negative 19,746,000 US dollars
Investing activities
negative 219,215,000 US dollars. Net cash used.
Purchases
negative 550,522,000 US dollars
Sales
54,455,000 US dollars
Calls or maturities
224,125,000 US dollars
Purchases
negative 626,672,000 US dollars
Sales
596,312,000 US dollars
Changes in securities payable and receivable
19,541,000 US dollars
(Increase) decrease in short-term investments
73,472,000 US dollars
Purchases of fixed assets
negative 16,130,000 US dollars
Sales of fixed assets
0 US dollars
Other, net
6,204,000 US dollars
Financing activities
351,460,000 US dollars. Net cash provided.
Dividends paid to shareholders
negative 17,586,000 US dollars
Net proceeds from issuance of senior notes
519,422,000 US dollars
Payments on finance lease obligations
negative 376,000 US dollars
Paydown of principal on credit facility
negative 150,000,000 US dollars
Operating adjustment reconciliation
187,789,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
519,422,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
1,193,324,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Jun 30, 2026
1,700,830,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
1,920,045,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
349,947,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.83×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
217,702,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
16,130,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
201,572,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income exceeds operating cash. The diagram allocates $217.70M of net income directly to operating cash and $45.80M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Cash-flow net income is $263,501.00 K, derived by subtracting the earlier cumulative period; the income statement reports $263,502.00 K for the same period. The $1.00 K difference is rounding: the filing reports each amount rounded to the nearest thousand dollars, and the quarter is the difference of two rounded year-to-date amounts. Neither amount has been adjusted.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 217,702,000 US dollars minus 16,130,000 US dollars equals 201,572,000 US dollars.
  • Cash-flow net income is $263,501.00 K, derived by subtracting the earlier cumulative period; the income statement reports $263,502.00 K for the same period. The $1.00 K difference is rounding: the filing reports each amount rounded to the nearest thousand dollars, and the quarter is the difference of two rounded year-to-date amounts. Neither amount has been adjusted.
MERCURY GENERAL CORPORATION (MCY) FY2026 Q2 Statement of Cash Flows Sankey chart
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