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Condensed Financial Information of Registrant (Schedule Of Condensed Financial Information Of Registrant, Statements Of Operations) (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenues:                      
Net investment income                 $ 125,723us-gaap_InterestAndDividendIncomeOperating $ 124,538us-gaap_InterestAndDividendIncomeOperating $ 131,896us-gaap_InterestAndDividendIncomeOperating
Net realized investment gains (losses)                 81,184us-gaap_RealizedInvestmentGainsLosses (11,422)us-gaap_RealizedInvestmentGainsLosses 66,380us-gaap_RealizedInvestmentGainsLosses
Total revenues                 (3,011,773)us-gaap_Revenues (2,821,041)us-gaap_Revenues (2,783,370)us-gaap_Revenues
Expenses:                      
Other operating expenses                 249,381us-gaap_OtherCostAndExpenseOperating 219,478us-gaap_OtherCostAndExpenseOperating 207,281us-gaap_OtherCostAndExpenseOperating
Other operating expenses                 2,637us-gaap_InterestExpense 1,260us-gaap_InterestExpense 1,543us-gaap_InterestExpense
Total expenses                 2,764,348us-gaap_BenefitsLossesAndExpenses 2,688,945us-gaap_BenefitsLossesAndExpenses 2,648,060us-gaap_BenefitsLossesAndExpenses
Income before income taxes 28,161us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (37,120)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (136,436)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (102,030)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (11,268)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (54,793)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 24,959us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (90,994)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (247,425)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (132,096)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (135,310)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax (benefit) expense                 69,476us-gaap_IncomeTaxExpenseBenefit 19,953us-gaap_IncomeTaxExpenseBenefit 18,399us-gaap_IncomeTaxExpenseBenefit
Net income (20,956)us-gaap_NetIncomeLoss 31,296us-gaap_NetIncomeLoss 94,960us-gaap_NetIncomeLoss 72,649us-gaap_NetIncomeLoss 15,376us-gaap_NetIncomeLoss 39,570us-gaap_NetIncomeLoss (9,264)us-gaap_NetIncomeLoss 66,461us-gaap_NetIncomeLoss 177,949us-gaap_NetIncomeLoss 112,143us-gaap_NetIncomeLoss 116,911us-gaap_NetIncomeLoss
Parent Company [Member]                      
Revenues:                      
Net investment income                 4,478us-gaap_InterestAndDividendIncomeOperating
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
1,293us-gaap_InterestAndDividendIncomeOperating
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
1,114us-gaap_InterestAndDividendIncomeOperating
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Net realized investment gains (losses)                 (9,428)us-gaap_RealizedInvestmentGainsLosses
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
3,416us-gaap_RealizedInvestmentGainsLosses
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
697us-gaap_RealizedInvestmentGainsLosses
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Total revenues                 (4,950)us-gaap_Revenues
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(4,709)us-gaap_Revenues
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(1,811)us-gaap_Revenues
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Expenses:                      
Other operating expenses                 5,971us-gaap_OtherCostAndExpenseOperating
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
2,924us-gaap_OtherCostAndExpenseOperating
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
1,688us-gaap_OtherCostAndExpenseOperating
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Other operating expenses                 1,746us-gaap_InterestExpense
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
318us-gaap_InterestExpense
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
0us-gaap_InterestExpense
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Total expenses                 7,717us-gaap_BenefitsLossesAndExpenses
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
3,242us-gaap_BenefitsLossesAndExpenses
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
1,688us-gaap_BenefitsLossesAndExpenses
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Income before income taxes                 (12,667)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(1,467)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(123)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Income tax (benefit) expense                 (100)us-gaap_IncomeTaxExpenseBenefit
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
3,310us-gaap_IncomeTaxExpenseBenefit
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
1,800us-gaap_IncomeTaxExpenseBenefit
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Loss before equity in net income of subsidiaries                 (12,567)mcy_LossBeforeEquityInNetIncomeLossOfSubsidiaries
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(1,843)mcy_LossBeforeEquityInNetIncomeLossOfSubsidiaries
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(1,677)mcy_LossBeforeEquityInNetIncomeLossOfSubsidiaries
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Equity in net income of subsidiaries                 190,516us-gaap_IncomeLossFromEquityMethodInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
113,986us-gaap_IncomeLossFromEquityMethodInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
118,588us-gaap_IncomeLossFromEquityMethodInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Net income                 $ 177,949us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
$ 112,143us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
$ 116,911us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember