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Summary Of Investments Other Than Investments In Related Parties
 12 Months Ended
Dec. 31, 2021
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 InvestmentCostFair ValueAmounts in the
Balance Sheet
 (Amounts in thousands)
Fixed maturity securities:
U.S. government bonds$13,082 $13,085 $13,085 
Municipal securities2,715,578 2,843,221 2,843,221 
Mortgage-backed securities137,384 137,002 137,002 
Corporate securities529,377 523,853 523,853 
Collateralized loan obligations312,928 314,153 314,153 
Other asset-backed securities201,431 200,209 200,209 
Total fixed maturity securities3,909,780 4,031,523 4,031,523 
Equity securities:
Common stock561,381 797,024 797,024 
Non-redeemable preferred stock64,429 65,501 65,501 
Private equity funds measured at net asset value (1)
128,726 108,414 108,414 
Total equity securities754,536 970,939 970,939 
Short-term investments141,206 140,127 140,127 
Total investments$4,805,522 $5,142,589 $5,142,589 
__________ 
(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, 2020
Type of InvestmentCostFair ValueAmounts in the
Balance Sheet
 (Amounts in thousands)
Fixed maturity securities:
U.S. government bonds $13,756 $13,816 $13,816 
Municipal securities2,632,559 2,791,212 2,791,212 
Mortgage-backed securities91,527 93,264 93,264 
Corporate securities240,486 241,366 241,366 
Collateralized loan obligations256,558 256,891 256,891 
Other asset-backed securities153,532 153,261 153,261 
Total fixed maturity securities3,388,418 3,549,810 3,549,810 
Equity securities:
Common stock563,394 691,782 691,782 
Non-redeemable preferred stock31,430 32,660 32,660 
Private equity funds measured at net asset value (1)
100,326 79,409 79,409 
Total equity securities695,150 803,851 803,851 
Short-term investments376,547 375,609 375,609 
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.