MERCURY GENERAL CORP — fact timeline

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”

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”

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”

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.”

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”

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”

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”

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.”