Summary Of Investments Other Than Investments In Related Parties

12 Months Ended

Dec. 31, 2018

SEC Schedule, 12-15, Insurance Companies, 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, 2018
Type of Investment	Cost		Fair Value		Amounts in the Balance Sheet
	(Amounts in thousands)
Fixed maturity securities:
U.S. government bonds	$	25,131	$	25,003	$	25,003
Municipal securities	2,599,056		2,620,132		2,620,132
Mortgage-backed securities	30,640		30,952		30,952
Corporate securities	107,479		105,524		105,524
Collateralized loan obligations	169,626		165,789		165,789
Other asset-backed securities	37,609		37,761		37,761
Total fixed maturity securities	2,969,541		2,985,161		2,985,161
Equity securities:
Common stock	438,504		430,973		430,973
Non-redeemable preferred stock	34,429		31,433		31,433
Private equity fund	1,481		1,445		1,445
Private equity fund measured at net asset value (1)	69,668		65,780		65,780
Total equity securities	544,082		529,631		529,631
Short-term investments	254,518		253,299		253,299
Total investments	$	3,768,141	$	3,768,091	$	3,768,091

__________ 

⁽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, 2017
Type of Investment	Cost		Fair Value		Amounts in the Balance Sheet
	(Amounts in thousands)
Fixed maturity securities:
U.S. government bonds and agencies	$	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.