Mercury Insurance 2012 Annual Report Download - page 88
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67
December 31, 2012
Level 1 Level 2 Level 3 Total
(Amounts in thousands)
Assets
Fixed maturity securities:
U.S. government bonds and agencies $ 14,204 $ 0 $ 0 $ 14,204
Municipal securities 0 2,165,095 0 2,165,095
Mortgage-backed securities 0 30,703 0 30,703
Corporate securities 0 155,551 0 155,551
Collateralized debt obligations 0 0 42,801 42,801
Equity securities:
Common stock:
Public utilities 85,106 0 0 85,106
Banks, trusts and insurance companies 22,166 0 0 22,166
Energy and other 346,809 0 0 346,809
Non-redeemable preferred stock 0 11,701 0 11,701
Partnership interest in a private credit fund 0 0 11,306 11,306
Short-term bonds 0 24,530 0 24,530
Money market instruments 270,123 0 0 270,123
Total assets at fair value $ 738,408 $ 2,387,580 $ 54,107 $ 3,180,095
Liabilities
Equity contracts $ 175 $ 0 $ 0 $ 175
Interest rate swap agreements 0 103 0 103
Total liabilities at fair value $ 175 $ 103 $ 0 $ 278
December 31, 2011
Level 1 Level 2 Level 3 Total
(Amounts in thousands)
Assets
Fixed maturity securities:
U.S. government bonds and agencies $ 14,298 $ 0 $ 0 $ 14,298
Municipal securities 0 2,271,275 0 2,271,275
Mortgage-backed securities 0 37,371 0 37,371
Corporate securities 0 75,142 0 75,142
Collateralized debt obligations 0 0 47,503 47,503
Equity securities:
Common stock:
Public utilities 26,342 0 0 26,342
Banks, trusts and insurance companies 16,027 0 0 16,027
Energy and other 316,592 0 0 316,592
Non-redeemable preferred stock 0 11,419 0 11,419
Partnership interest in a private credit fund 0 0 10,008 10,008
Short-term bonds 0 9,011 0 9,011
Money market instruments 227,433 0 0 227,433
Total assets at fair value $ 600,692 $ 2,404,218 $ 57,511 $ 3,062,421
Liabilities
Equity contracts $ 655 $ 0 $ 0 $ 655
Interest rate swap agreements 0 670 0 670
Total liabilities at fair value $ 655 $ 670 $ 0 $ 1,325