Dividends

12 Months Ended

Dec. 31, 2023

The following table presents shareholder dividends paid:


	Year Ended December 31,
	2023		2022		2021
	(Amounts in thousands, except per share data)
Total paid	$	70,322	$	105,482	$	140,226
Per share paid	$	1.2700	$	1.9050	$	2.5325

The Insurance Companies are subject to the financial capacity guidelines established by their domiciliary states. The payment of dividends from statutory unassigned surplus of the Insurance Companies is restricted, subject to certain statutory limitations. As of December 31, 2023, the insurance subsidiaries of the Company are permitted to pay approximately $163 million in dividends in 2024 to Mercury General without the prior approval of the DOI of domiciliary states. The above statutory regulations may have the effect of indirectly limiting the ability of the Company to pay shareholder dividends. During 2023, 2022, and 2021, the Insurance Companies paid Mercury General ordinary dividends of $0, $0, and $191 million, respectively.

On February 9, 2024, the Board of Directors declared a $0.3175 quarterly dividend payable on March 27, 2024 to shareholders of record on March 13, 2024.