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Investments (Net Realized Investments Gains) (Details) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Investments [Line Items]      
Net realized investment gains (losses) $ 81,184us-gaap_RealizedInvestmentGainsLosses $ (11,422)us-gaap_RealizedInvestmentGainsLosses $ 66,380us-gaap_RealizedInvestmentGainsLosses
Swap [Member]      
Investments [Line Items]      
Net realized investment gains (losses) (2,969)us-gaap_RealizedInvestmentGainsLosses
/ us-gaap_DerivativeByNatureAxis
= us-gaap_SwapMember
2,176us-gaap_RealizedInvestmentGainsLosses
/ us-gaap_DerivativeByNatureAxis
= us-gaap_SwapMember
0us-gaap_RealizedInvestmentGainsLosses
/ us-gaap_DerivativeByNatureAxis
= us-gaap_SwapMember
Fixed Maturity Securities [Member]      
Investments [Line Items]      
Net realized investment gains (losses) 74,489us-gaap_RealizedInvestmentGainsLosses
/ us-gaap_DebtSecurityAxis
= us-gaap_FixedIncomeSecuritiesMember
(95,225)us-gaap_RealizedInvestmentGainsLosses
/ us-gaap_DebtSecurityAxis
= us-gaap_FixedIncomeSecuritiesMember
47,707us-gaap_RealizedInvestmentGainsLosses
/ us-gaap_DebtSecurityAxis
= us-gaap_FixedIncomeSecuritiesMember
Equity Securities [Member]      
Investments [Line Items]      
Net realized investment gains (losses) 8,715us-gaap_RealizedInvestmentGainsLosses
/ us-gaap_DebtSecurityAxis
= us-gaap_EquitySecuritiesMember
80,910us-gaap_RealizedInvestmentGainsLosses
/ us-gaap_DebtSecurityAxis
= us-gaap_EquitySecuritiesMember
16,679us-gaap_RealizedInvestmentGainsLosses
/ us-gaap_DebtSecurityAxis
= us-gaap_EquitySecuritiesMember
Short-Term Investments [Member]      
Investments [Line Items]      
Net realized investment gains (losses) (2,470)us-gaap_RealizedInvestmentGainsLosses
/ us-gaap_DebtSecurityAxis
= us-gaap_ShortTermInvestmentsMember
(1,059)us-gaap_RealizedInvestmentGainsLosses
/ us-gaap_DebtSecurityAxis
= us-gaap_ShortTermInvestmentsMember
(686)us-gaap_RealizedInvestmentGainsLosses
/ us-gaap_DebtSecurityAxis
= us-gaap_ShortTermInvestmentsMember
Option [Member]      
Investments [Line Items]      
Net realized investment gains (losses) $ 3,419us-gaap_RealizedInvestmentGainsLosses
/ us-gaap_DebtSecurityAxis
= mcy_OptionAndShortSaleTransactionsMember
$ 1,776us-gaap_RealizedInvestmentGainsLosses
/ us-gaap_DebtSecurityAxis
= mcy_OptionAndShortSaleTransactionsMember
$ 2,680us-gaap_RealizedInvestmentGainsLosses
/ us-gaap_DebtSecurityAxis
= mcy_OptionAndShortSaleTransactionsMember