Summary Of Investments Other Than Investments In Related Parties

12 Months Ended

Dec. 31, 2017

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, 2017
Type of Investment	Cost		Fair Value		Amounts in the Balance Sheet
	(Amounts in thousands)
Fixed maturity securities:
U.S. government bonds	$	13,355	$	13,236	$	13,236
Municipal securities	2,490,150		2,556,532		2,556,532
Mortgage-backed securities	26,454		27,165		27,165
Corporate securities	136,013		137,542		137,542
Collateralized loan obligations	104,323		105,202		105,202
Other asset-backed securities	52,935		53,100		53,100
Total fixed maturity securities	2,823,230		2,892,777		2,892,777
Equity securities:
Common stock	368,619		429,367		429,367
Non-redeemable preferred stock	34,429		34,869		34,869
Private equity fund	1,481		1,481		1,481
Private equity fund measured at net asset value (1)	69,668		71,523		71,523
Total equity securities	474,197		537,240		537,240
Short-term investments	302,693		302,711		302,711
Total investments	$	3,600,120	$	3,732,728	$	3,732,728

__________ 

⁽¹⁾  The fair value is measured using the NAV practical expedient. See Note 4. Fair Value Measurements of the Notes to Consolidated Financial Statements for additional information.

SCHEDULE I, Continued

MERCURY GENERAL CORPORATION AND SUBSIDIARIES SUMMARY OF INVESTMENTS OTHER THAN INVESTMENTS IN RELATED PARTIES DECEMBER 31, 2016
Type of Investment	Cost		Fair Value		Amounts in the Balance Sheet
	(Amounts in thousands)
Fixed maturity securities:
U.S. government bonds and agencies	$	12,288	$	12,275	$	12,275
Municipal securities	2,432,181		2,449,292		2,449,292
Mortgage-backed securities	39,082		39,777		39,777
Corporate securities	189,780		189,688		189,688
Collateralized loan obligations	85,429		86,525		86,525
Other asset-backed securities	36,650		36,996		36,996
Total fixed maturity securities	2,795,410		2,814,553		2,814,553
Equity securities:
Common stock	286,503		316,450		316,450
Non-redeemable preferred stock	32,436		31,809		31,809
Private equity funds	12,831		9,068		9,068
Total equity securities	331,770		357,327		357,327
Short-term investments	375,700		375,680		375,680
Total investments	$	3,502,880	$	3,547,560	$	3,547,560