Summary Of Investments Other Than Investments In Related Parties

12 Months Ended

Dec. 31, 2014

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, 2014

Type of Investment	Cost		Fair Value		Amounts in the Balance Sheet
	(Amounts in thousands)
Fixed maturity securities:
U.S. government bonds and agencies	$	16,028	$	16,108	$	16,108
Municipal securities	2,160,710		2,275,455		2,275,455
Mortgage-backed securities	45,519		47,691		47,691
Corporate securities	258,940		256,930		256,930
Collateralized loan obligations	22,297		22,216		22,216
Total fixed maturity securities	2,503,494		2,618,400		2,618,400
Equity securities:
Common stock:
Public utilities	96,482		105,485		105,485
Banks, trust and insurance companies	7,701		9,757		9,757
Energy and other	245,656		257,356		257,356
Non-redeemable preferred stock	28,012		28,563		28,563
Partnership interest in a private credit fund	10,000		11,719		11,719
Total equity securities	387,851		412,880		412,880
Short-term investments	373,180		372,542		372,542
Total investments	$	3,264,525	$	3,403,822	$	3,403,822

SCHEDULE I, Continued

MERCURY GENERAL CORPORATION AND SUBSIDIARIES SUMMARY OF INVESTMENTS OTHER THAN INVESTMENTS IN RELATED PARTIES DECEMBER 31, 2013

Type of Investment	Cost		Fair Value		Amounts in the Balance Sheet
	(Amounts in thousands)
Fixed maturity securities:
U.S. government bonds and agencies	$	15,994	$	16,096	$	16,096
Municipal securities	2,201,047		2,235,323		2,235,323
Mortgage-backed securities	37,848		40,247		40,247
Corporate securities	264,172		264,685		264,685
Collateralized debt obligations	3,981		4,302		4,302
Total fixed maturity securities	2,523,042		2,560,653		2,560,653
Equity securities:
Common stock:
Public utilities	81,128		85,287		85,287
Banks, trust and insurance companies	1,610		2,927		2,927
Energy and other	101,455		151,554		151,554
Non-redeemable preferred stock	29,740		29,567		29,567
Partnership interest in a private credit fund	10,000		12,548		12,548
Total equity securities	223,933		281,883		281,883
Short-term investments	315,886		315,776		315,776
Total investments	$	3,062,861	$	3,158,312	$	3,158,312

- Definition

The entire disclosure for the schedule applicable to insurance companies summarizing investments held as of the most recent audited balance sheet. At a minimum, such summary is by three major categories of investments including: (1) fixed maturities primarily consisting of bonds, including convertibles and bonds with warrants, and redeemable preferred stocks, (2) equity securities primarily consisting of common stocks and nonredeemable preferred stocks, and (3) other investments including mortgage loans on real estate, real estate held for investment, real estate acquired in satisfaction of debt, policy loans, other long-term investments, and short-term investments not otherwise categorized. The information provided with respect to each item within each category includes: (A) the original cost of equity securities and, as to fixed maturity securities, original cost reduced by repayments and adjusted for amortization of premiums or accrual of discounts, (B) fair value as of the reporting date, and (C) the amount at which the item within each category is shown in the statement of financial position; with respect to (C), if the amount at which shown in the statement of financial position is different from the items original [amortized] cost or fair value, an explanation of the difference may be included herein.

+ References+ Details