Summary Of Investments Other Than Investments In Related Parties

12 Months Ended

Dec. 31, 2012

Summary of Investments, Other than Investments in Related Parties [Abstract]

Summary Of Investments Other Than Investments In Related Parties

MERCURY GENERAL CORPORATION AND SUBSIDIARIES SUMMARY OF INVESTMENTS OTHER THAN INVESTMENTS IN RELATED PARTIES DECEMBER 31, 2012

Type of Investment	Cost		Fair Value		Amounts in the Balance Sheet
	(Amounts in thousands)
Fixed maturity securities:
U.S. government bonds and agencies	$	13,999	$	14,204	$	14,204
Municipal securities	2,040,537		2,165,095		2,165,095
Mortgage-backed securities	27,786		30,703		30,703
Corporate securities	151,019		155,551		155,551
Collateralized debt obligations	37,562		42,801		42,801
Total fixed maturity securities	2,270,903		2,408,354		2,408,354
Equity securities:
Common stock:
Public utilities	82,474		85,106		85,106
Banks, trust and insurance companies	19,701		22,166		22,166
Energy and other	352,889		346,809		346,809
Non-redeemable preferred stock	10,895		11,701		11,701
Partnership interest in a private credit fund	10,000		11,306		11,306
Total equity securities	475,959		477,088		477,088
Short-term investments	294,607		294,653		294,653
Total investments	$	3,041,469	$	3,180,095	$	3,180,095

SCHEDULE I, Continued

MERCURY GENERAL CORPORATION AND SUBSIDIARIES SUMMARY OF INVESTMENTS OTHER THAN INVESTMENTS IN RELATED PARTIES DECEMBER 31, 2011

Type of Investment	Cost		Fair Value		Amounts in the Balance Sheet
	(Amounts in thousands)
Fixed maturity securities:
U.S. government bonds and agencies	$	14,097	$	14,298	$	14,298
Municipal securities	2,186,259		2,271,275		2,271,275
Mortgage-backed securities	33,008		37,371		37,371
Corporate securities	73,009		75,142		75,142
Collateralized debt obligations	39,247		47,503		47,503
Total fixed maturity securities	2,345,620		2,445,589		2,445,589
Equity securities:
Common stock:
Public utilities	22,969		26,342		26,342
Banks, trust and insurance companies	17,495		16,027		16,027
Energy and other	326,135		316,592		316,592
Non-redeemable preferred stock	11,818		11,419		11,419
Partnership interest in a private credit fund	10,000		10,008		10,008
Total equity securities	388,417		380,388		380,388
Short-term investments	236,433		236,444		236,444
Total investments	$	2,970,470	$	3,062,421	$	3,062,421

- Definition

The entire disclosure for the schedule applicable to insurance companies summarizing investments held as of the most recent audited balance sheet. At a minimum, such summary is by three major categories of investments including: (1) fixed maturities primarily consisting of bonds, including convertibles and bonds with warrants, and redeemable preferred stocks, (2) equity securities primarily consisting of common stocks and nonredeemable preferred stocks, and (3) other investments including mortgage loans on real estate, real estate held for investment, real estate acquired in satisfaction of debt, policy loans, other long-term investments, and short-term investments not otherwise categorized. The information provided with respect to each item within each category includes: (A) the original cost of equity securities and, as to fixed maturity securities, original cost reduced by repayments and adjusted for amortization of premiums or accrual of discounts, (B) fair value as of the reporting date, and (C) the amount at which the item within each category is shown in the statement of financial position; with respect to (C), if the amount at which shown in the statement of financial position is different from the items original [amortized] cost or fair value, an explanation of the difference may be included herein.

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