Summary Of Investments Other Than Investments In Related Parties

12 Months Ended

Dec. 31, 2013

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, 2013

Type of Investment	Cost		Fair Value		Amounts in the Balance Sheet
	(Amounts in thousands)
Fixed maturity securities:
U.S. government bonds and agencies	$	15,994	$	16,096	$	16,096
Municipal securities	2,201,047		2,235,323		2,235,323
Mortgage-backed securities	37,848		40,247		40,247
Corporate securities	264,172		264,685		264,685
Collateralized debt obligations	3,981		4,302		4,302
Total fixed maturity securities	2,523,042		2,560,653		2,560,653
Equity securities:
Common stock:
Public utilities	81,128		85,287		85,287
Banks, trust and insurance companies	1,610		2,927		2,927
Energy and other	101,455		151,554		151,554
Non-redeemable preferred stock	29,740		29,567		29,567
Partnership interest in a private credit fund	10,000		12,548		12,548
Total equity securities	223,933		281,883		281,883
Short-term investments	315,886		315,776		315,776
Total investments	$	3,062,861	$	3,158,312	$	3,158,312

SCHEDULE I, Continued

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

- 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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