HCC Insurance Holdings Announces Largest Increase in Quarterly Cash Dividend
in Company's History
HOUSTON, Aug. 21, 2013 (GLOBE NEWSWIRE) -- HCC Insurance Holdings, Inc.
(NYSE:HCC) today announced its 70^th consecutive quarterly cash dividend.
HCC's Board of Directors has declared a regular cash dividend of $0.225 per
share on the Company's shares of $1.00 par value common stock, which
represents a $0.06 per share or 36% increase in the quarterly dividend. The
dividend is payable to stockholders of record on October 1, 2013 and will be
paid on or about October 15, 2013.
"This is the 17^th consecutive, and largest ever, increase in HCC's cash
dividend, which reflects our financial stability, consistent operating
performance and commitment to prudent capital management through regular
dividend payments and share repurchases," said Christopher J.B. Williams,
HCC's Chief Executive Officer.
Headquartered in Houston, Texas, HCC Insurance Holdings, Inc. is a leading
specialty insurer with offices in the United States, the United Kingdom, Spain
and Ireland.As of June 30, 2013, HCC had assets of $10.2 billion and
shareholders' equity of $3.5 billion.HCC's major domestic and international
insurance companies have financial strength ratings of "AA (Very Strong)" from
Standard & Poor's Corporation, "A+ (Superior)" from A.M. Best Company, Inc.,
"AA (Very Strong)" from Fitch Ratings, and "A1 (Good Security)" from Moody's
Investors Service, Inc.
For more information about HCC, please visit http://www.hcc.com.
Forward-looking statements contained in this press release are made under
"safe harbor" provisions of the Private Securities Litigation Reform Act of
1995 and involve a number of risks and uncertainties.The types of risks and
uncertainties which may affect the Company are set forth in its periodic
reports filed with the Securities and Exchange Commission.
CONTACT: Doug Busker, Director of Investor Relations
HCC Insurance Holdings, Inc.
Telephone: (713) 996-1192
Press spacebar to pause and continue. Press esc to stop.