Summary Of Investments Other Than Investments In Related Parties

12 Months Ended

Dec. 31, 2019

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, 2019

Type of Investment	Cost		Fair Value		Amounts in the Balance Sheet
	(Amounts in thousands)
Fixed maturity securities:
U.S. government bonds	$	22,502	$	22,637	$	22,637
Municipal securities	2,435,346		2,554,208		2,554,208
Mortgage-backed securities	62,566		63,003		63,003
Corporate securities	233,730		235,565		235,565
Collateralized loan obligations	200,656		199,218		199,217
Other asset-backed securities	18,476		18,644		18,645
Total fixed maturity securities	2,973,276		3,093,275		3,093,275
Equity securities:
Common stock	498,514		586,367		586,367
Non-redeemable preferred stock	49,442		49,708		49,708
Private equity fund	1,137		1,203		1,203
Private equity funds measured at net asset value ⁽¹⁾	99,189		87,473		87,473
Total equity securities	648,282		724,751		724,751
Short-term investments	494,060		494,135		494,135
Total investments	$	4,115,618	$	4,312,161	$	4,312,161

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⁽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, 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.