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. The Second Amendment amends that certain Amended and Restated Credit Agreement dated as of March 31, 2021 by and among the Company, the Agent and the lenders from time to time party thereto (as amended, restated, extended, supplemented or otherwise modified prior to November 30, 2023, the "Existing Credit Agreement"). The Second Amendment, among other things, (i) increases the aggregate commitments provided under the Existing Credit Agreement from $200 million to $250 million and (ii) revises the consolidated net worth covenant, which is defined as the sum of (x) $1.2 billion plus (y) 25% of positive consolidated net income earned in each calendar year commencing with the calendar year ending December 31, 2021, so that the foregoing clause (y) is added commencing with the calendar year ending December 31, 2023.