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Summary Of Investments Other Than Investments In Related Parties
 12 Months Ended
Dec. 31, 2023
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$174,903 $174,450 $174,450 
Municipal securities2,797,971 2,777,258 2,777,258 
Mortgage-backed securities201,727 186,887 186,887 
Corporate securities626,723 599,630 599,630 
Collateralized loan obligations486,984 484,947 484,947 
Other asset-backed securities106,675 96,164 96,164 
Total fixed maturity securities4,394,983 4,319,336 4,319,336 
Equity securities:
Common stock497,543 597,888 597,888 
Non-redeemable preferred stock64,860 51,563 51,563 
Private equity funds measured at net asset value (1)
92,536 81,242 81,242 
Total equity securities654,939 730,693 730,693 
Short-term investments179,375 178,491 178,491 
Total investments$5,229,297 $5,228,520 $5,228,520 
__________ 
(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, 2022
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 
Non-redeemable 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.