secwatch / observer

MERCURY GENERAL CORP — fact timeline

Source-grounded facts extracted from MERCURY GENERAL CORP's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

MCY MERCURY GENERAL CORP JSON
Debt Financings

MERCURY GENERAL CORP incurred senior notes of $525.0 million with Wilmington Trust, National Association (as Trustee) at 6.250% per annum maturing June 15, 2036.

“On June 12, 2026, Mercury General Corporation (the “Company”) completed a public offering of $525.0 million aggregate principal amount of its 6.250% Senior Notes due 2036 (the “Notes”).”
Material Agreements

MERCURY GENERAL CORP amended Fourth Amendment to Amended and Restated Credit Agreement with Bank of America, N.A. (effective 2026-06-12).

“On June 12, 2026, the Company entered into a Fourth Amendment to Amended and Restated Credit Agreement (the “Amendment”) with Bank of America, N.A., as administrative agent, and the lenders party thereto.”
Material Agreements

MERCURY GENERAL CORP entered into Indenture with Wilmington Trust, National Association valued at $525.0 million (effective 2026-06-12).

“On June 12, 2026, Mercury General Corporation (the “Company”) completed a public offering of $525.0 million aggregate principal amount of its 6.250% Senior Notes due 2036 (the “Notes”).”
Shareholder Votes

MERCURY GENERAL CORP shareholders approved Ratification of the Selection of KPMG LLP as the Company's Independent Registered Public Accounting Firm at the 2026-05-13 meeting.

“Ratification of the Selection of KPMG LLP as the Company's Independent Registered Public Accounting Firm The shareholders ratified the selection of KPMG LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026 as described in its Proxy Statement, by the following votes: For Against Abstain Broker Non-Votes 42,985,321 511,025 13,979 N/A”
Shareholder Votes

MERCURY GENERAL CORP shareholders approved Advisory Vote to Approve Named Executive Officer Compensation at the 2026-05-13 meeting.

“Advisory Vote to Approve Named Executive Officer Compensation The shareholders approved, on an advisory, non-binding basis, the compensation of the Company's named executive officers as described in its Proxy Statement, by the following votes: For Against Abstain Broker Non-Votes 40,328,913 568,701 28,086 2,584,625”
Shareholder Votes

MERCURY GENERAL CORP shareholders approved Election of Directors at the 2026-05-13 meeting.

“Election of Directors Nominee Number of Shares Voted For Number of Shares Withheld Broker Non-Votes George G. Braunegg 40,720,444 205,256 2,584,625 Ramona L. Cappello 40,606,069 319,631 2,584,625 James G. Ellis 40,366,864 558,836 2,584,625 George Joseph 40,351,775 573,925 2,584,625 Vicky Wai Yee Joseph 40,449,833 475,867 2,584,625 Victor G. Joseph 40,247,583 678,117 2,584,625 Joshua E. Little 40,418,151 507,549 2,584,625 Martha E. Marcon 39,115,597 1,810,103 2,584,625 Gabriel Tirador 40,674,471 251,229 2,584,625”
Shareholder Votes

MERCURY GENERAL CORP shareholders approved Ratification of KPMG LLP as independent registered public accounting firm at the 2024-05-08 meeting.

“Ratification of the Selection of KPMG LLP as the Company's Independent Registered Public Accounting Firm The shareholders ratified the selection of KPMG LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024 as described in its Proxy Statement, by the following votes: For Against Abstain Broker Non-Votes 52,158,983 435,337 50,363 N/A”
Shareholder Votes

MERCURY GENERAL CORP shareholders approved Advisory vote on executive compensation at the 2024-05-08 meeting.

“Advisory Vote on the Compensation of Named Executive Officers The shareholders approved, on an advisory, non-binding basis, the compensation of the Company's named executive officers as described in its Proxy Statement, by the following votes: For Against Abstain Broker Non-Votes 47,505,355 1,808,666 59,145 3,271,517”
Shareholder Votes

MERCURY GENERAL CORP shareholders approved Election of all nine directors at the 2024-05-08 meeting.

“Election of Directors Nominee Number of Shares Voted For Number of Shares Withheld Broker Non-Votes George G. Braunegg 49,091,596 281,570 3,271,517 Ramona L. Cappello 49,024,969 348,197 3,271,517 James G. Ellis 48,718,465 654,701 3,271,517 George Joseph 47,625,985 1,747,181 3,271,517 Vicky Wai Yee Joseph 47,867,919 1,505,247 3,271,517 Victor G. Joseph 47,664,046 1,709,120 3,271,517 Joshua E. Little 48,749,986 623,180 3,271,517 Martha E. Marcon 48,361,182 1,011,984 3,271,517 Gabriel Tirador 48,946,274 426,892 3,271,517”
Earnings Releases

MERCURY GENERAL CORP reported financial results for the first quarter ended March 31, 2024.

“On April 30, 2024, the Company issued a press release announcing its financial results for the first quarter ended March 31, 2024.”
Earnings Releases

MERCURY GENERAL CORP reported the fiscal year ended December 31, 2023 results: revenue $ 4,274,378, net income $ 96,336, EPS $ 1.74.

“Twelve Months Ended December 31, Change 2023 2022 $ % 2023 2022 $ % (000’s except per-share amounts and ratios) Net premiums earned $ 1,144,895 $ 1,005,482 $ 139,413 13.9 % $ 4,274,378 $ 3,952,482 $ 321,896 8.1 % Net premiums written (1) $ 1,132,150 $ 915,750 $ 216,400 23.6 % $ 4,464,199 $ 3,978,017 $ 486,182 12.2 % Net realized investment gains (losses), net of”
Earnings Releases

MERCURY GENERAL CORP reported the fourth quarter ended December 31, 2023 results: revenue $ 1,144,895, net income $ 191,394, EPS $ 3.46.

“Three Months Ended December 31, Change Twelve Months Ended December 31, Change 2023 2022 $ % 2023 2022 $ % (000’s except per-share amounts and ratios) Net premiums earned $ 1,144,895 $ 1,005,482 $ 139,413 13.9 % $ 4,274,378 $ 3,952,482 $ 321,896 8.1 % Net premiums written (1) $ 1,132,150 $ 915,750 $ 216,400 23.6 % $ 4,464,199 $ 3,978,017 $ 486,182 12.2 % Net”

Victor Joseph changed role as President & Chief Operating Officer at MERCURY GENERAL CORP.

“promoted to the position of President & Chief Operating Officer (President & COO) also effective January 1, 2024”

Victor Joseph was appointed as Director at MERCURY GENERAL CORP.

“appointed Victor Joseph, age 37, as a director of the Company effective January 1, 2024”
Debt Financings

MERCURY GENERAL CORP amended credit facility of increases the aggregate commitments provided under the Existing Credit Agreement from $200 million to $250 million with Bank of America, N.A., as administrative agent.

“increases the aggregate commitments provided under the Existing Credit Agreement from $200 million to $250 million and (ii) revises the consolidated net worth covenant”
Material Agreements

MERCURY GENERAL CORP amended Second Amendment to Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent, and the lenders party thereto valued at $200 million to $250 million (effective 2023-11-30).

“On November 30, 2023, Mercury General Corporation (the "Company") entered into the Second Amendment to Amended and Restated Credit Agreement (the "Second Amendment") with Bank of America, N.A., as administrative agent (the "Agent"), and the lenders party thereto.”
Earnings Releases

MERCURY GENERAL CORP reported financial results for third quarter ended September 30, 2023.

“On October 31, 2023, the Company issued a press release announcing its financial results for the third quarter ended September 30, 2023.”
Earnings Releases

MERCURY GENERAL CORP reported second quarter ended June 30, 2023 results: revenue $ 1,034,469, net income $(41,543), EPS $(0.75).

“Highlights Three Months Ended June 30, Change Six Months Ended June 30, Change 2023 2022 $ % 2023 2022 $ % (000's except per-share amounts and ratios) Net premiums earned $ 1,034,469 $ 987,512 $ 46,957 4.8 $ 2,039,173 $ 1,950,062 $ 89,111 4.6 Net premiums written (1) $ 1,115,345 $ 1,016,994 $ 98,351 9.7 $ 2,125,546 $ 2,027,791 $ 97,755 4.8 Net”
Shareholder Votes

MERCURY GENERAL CORP shareholders approved Advisory Vote on the Frequency of the Advisory Vote on the Compensation of Named Executive Officers at the 2023-05-10 meeting.

“Advisory Vote on the Frequency of the Advisory Vote on the Compensation of Named Executive Officers The shareholders voted, on an advisory, non-binding basis, that the frequency of the advisory vote on compensation of the Company's named executive officers should be as follows: 3 Years 2 Years 1 Year Abstain 1,412,300 166,462 46,395,465 34,141”
Shareholder Votes

MERCURY GENERAL CORP shareholders approved Ratification of the Selection of KPMG LLP as the Company's Independent Registered Public Accounting Firm at the 2023-05-10 meeting.

“Ratification of the Selection of KPMG LLP as the Company's Independent Registered Public Accounting Firm The shareholders ratified the selection of KPMG LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023 as described in its Proxy Statement, by the following votes: For Against Abstain Broker Non-Votes 51,807,931 497,805 36,766 N/A”
Shareholder Votes

MERCURY GENERAL CORP shareholders approved Advisory Vote on the Compensation of Named Executive Officers at the 2023-05-10 meeting.

“Advisory Vote on the Compensation of Named Executive Officers The shareholders approved, on an advisory, non-binding basis, the compensation of the Company's named executive officers as described in its Proxy Statement, by the following votes: For Against Abstain Broker Non-Votes 45,047,414 2,895,389 65,565 4,334,134”
Shareholder Votes

MERCURY GENERAL CORP shareholders approved Election of Directors at the 2023-05-10 meeting.

“Election of Directors Nominee Number of Shares Voted For Number of Shares Withheld Broker Non-Votes George G. Braunegg 45,677,521 2,330,847 4,334,134 Ramona L. Cappello 45,576,079 2,432,289 4,334,134 James G. Ellis 47,621,462 386,906 4,334,134 George Joseph 46,430,680 1,577,688 4,334,134 Vicky Wai Yee Joseph 46,570,158 1,438,210 4,334,134 Joshua E. Little 45,555,541 2,452,827 4,334,134 Martha E. Marcon 46,639,324 1,369,044 4,334,134 Gabriel Tirador 47,553,193 455,175 4,334,134”
Earnings Releases

MERCURY GENERAL CORP reported first quarter ended March 31, 2023 results: revenue $1,004,704, net income $(45,288), EPS $(0.82).

“Net premiums earned $ 1,004,704 $ 962,550 $ 42,154 4.4 Net premiums written (1) (2) $ 1,010,202 $ 1,010,798 $ (596) (0.1) Net realized investment gains (losses), net of tax (3) $ 38,716 $ (154,118) $ 192,834 NM Net loss $ (45,288) $ (196,917) $ 151,629 NM Net loss per diluted share (4) $ (0.82) $ (3.56) $ 2.74 NM”
Earnings Releases

MERCURY GENERAL CORP reported fourth quarter ended December 31, 2022 results: net income Net (loss) income of $(6,770) thousand, EPS Net (loss) income per diluted share of $(0.12).

“Mercury General Corporation (NYSE: MCY) reported today the fourth quarter and fiscal 2022 results: Consolidated Highlights”
Debt Financings

MERCURY GENERAL CORP amended credit facility of $200 million from $75 million with Bank of America, N.A., as administrative agent, and the other lenders party thereto at replaces the London Interbank Offered Rate with the Secured Overnight Financing maturing November 16, 2026.

“The First Amendment, among other things, extends the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increases the aggregate commitments by all the lenders to $200 million from $75 million, replaces the London Interbank Offered Rate with the Secured Overnight Financing Rate in the schedule of different interest rates charged on the outstanding loans based on the Company’s debt to capitalization ratio, and raises the maximum total incremental commitments that the Company can request to $100 million from $37.5 million.”
Material Agreements

MERCURY GENERAL CORP amended First Amendment to Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent, and the other lenders party thereto valued at $200 million (effective 2022-11-18).

“On November 18, 2022, Mercury General Corporation (the "Company") entered into the First Amendment to Amended and Restated Credit Agreement (the "First Amendment") with Bank of America, N.A., as administrative agent, and the other lenders party thereto.”

Vicky Wai Yee Joseph was appointed as Director at MERCURY GENERAL CORP.

“On October 29, 2021, the Board of Directors of the Company (the “Board”) appointed Vicky Wai Yee Joseph as a director of the Company.”

Victor Joseph was named as Executive Vice President & Chief Operating Officer at MERCURY GENERAL CORP.

“Victor Joseph, age 34, has been named to the newly created position of Executive Vice President & Chief Operating Officer (EVP & COO) effective January 1, 2022.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.