Summary Of Investments Other Than Investments In Related Parties

12 Months Ended

Dec. 31, 2020

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

Type of Investment	Cost		Fair Value		Amounts in the Balance Sheet
	(Amounts in thousands)
Fixed maturity securities:
U.S. government bonds	$	13,756	$	13,816	$	13,816
Municipal securities	2,632,559		2,791,212		2,791,212
Mortgage-backed securities	91,527		93,264		93,264
Corporate securities	240,486		241,366		241,366
Collateralized loan obligations	256,558		256,891		256,891
Other asset-backed securities	153,532		153,261		153,261
Total fixed maturity securities	3,388,418		3,549,810		3,549,810
Equity securities:
Common stock	563,394		691,782		691,782
Non-redeemable preferred stock	31,430		32,660		32,660
Private equity funds measured at net asset value (1)	100,326		79,409		79,409
Total equity securities	695,150		803,851		803,851
Short-term investments	376,547		375,609		375,609
Total investments	$	4,460,115	$	4,729,270	$	4,729,270

__________ 

(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, 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 fund 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

__________ 

(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.