Summary Of Investments Other Than Investments In Related Parties

12 Months Ended

Dec. 31, 2011

Summary of Investments Other Than Investments In Related Parties [Abstract]

Summary Of Investments Other Than Investments In Related Parties

SCHEDULE I

MERCURY GENERAL CORPORATION AND SUBSIDIARIES

SUMMARY OF INVESTMENTS

OTHER THAN INVESTMENTS IN RELATED PARTIES

DECEMBER 31, 2011


Type of Investment	Cost		Fair Value		Amounts in the Balance Sheet
	(Amounts in thousands)
Fixed maturity securities:
U.S. government bonds and agencies	$	14,097	$	14,298	$	14,298
Municipal securities		2,186,259		2,271,275		2,271,275
Mortgage-backed securities		33,008		37,371		37,371
Corporate securities		73,009		75,142		75,142
Collateralized debt obligations		39,247		47,503		47,503

Total fixed maturity securities		2,345,620		2,445,589		2,445,589

Equity securities:
Common stock:
Public utilities		22,969		26,342		26,342
Banks, trust and insurance companies		17,495		16,027		16,027
Industrial and other		326,135		316,592		316,592
Non-redeemable preferred stock		11,818		11,419		11,419
Private credit fund		10,000		10,008		10,008

Total equity securities		388,417		380,388		380,388

Short-term investments		236,433		236,444		236,444

Total investments	$	2,970,470	$	3,062,421	$	3,062,421

MERCURY GENERAL CORPORATION AND SUBSIDIARIES

SUMMARY OF INVESTMENTS

OTHER THAN INVESTMENTS IN RELATED PARTIES

DECEMBER 31, 2010


Type of Investment	Cost		Fair Value		Amounts in the Balance Sheet
	(Amounts in thousands)
Fixed maturity securities:
U.S. government bonds and agencies	$	8,691	$	8,805	$	8,805
Municipal securities		2,424,674		2,435,213		2,435,213
Mortgage-backed securities		53,185		57,367		57,367
Corporate securities		91,859		95,203		95,203
Collateralized debt obligations		39,247		55,692		55,692

Total fixed maturity securities		2,617,656		2,652,280		2,652,280

Equity securities:
Common stock:
Public utilities		22,575		27,214		27,214
Banks, trust and insurance companies		19,052		20,520		20,520
Industrial and other		285,217		302,104		302,104
Non-redeemable preferred stock		9,913		9,768		9,768

Total equity securities		336,757		359,606		359,606

Short-term investments		143,378		143,371		143,371

Total investments	$	3,097,791	$	3,155,257	$	3,155,257

- 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.

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