Mercury Insurance 2011 Annual Report Download - page 128

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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
See accompanying Report of Independent Registered Public Accounting Firm
S-2