XML 41 R28.htm IDEA: XBRL DOCUMENT v3.22.4
Summary Of Investments Other Than Investments In Related Parties
 12 Months Ended
Dec. 31, 2022
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$159,256 $158,607 $158,607 
Municipal securities2,794,476 2,737,183 2,737,183 
Mortgage-backed securities184,936 166,260 166,260 
Corporate securities607,945 569,553 569,553 
Collateralized loan obligations332,859 320,252 320,252 
Other asset-backed securities147,318 136,456 136,456 
Total fixed maturity securities4,226,790 4,088,311 4,088,311 
Equity securities:
Common stock463,940 558,169 558,169 
Preferred stock64,686 51,236 51,236 
Private equity funds measured at net asset value (1)
140,217 90,147 90,147 
Total equity securities668,843 699,552 699,552 
Short-term investments123,928 122,937 122,937 
Total investments$5,019,561 $4,910,800 $4,910,800 
__________ 
(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, 2021
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 
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.