hcc insurance holdings inc (HCC) Key Developments
HCC Insurance Seeks Acquisitions
Jun 24 15
HCC Insurance Holdings Inc. (NYSE:HCC) in its 2014-2015 annual report said that HCC Insurance shall issue securities, among other things, for strengthening the balance sheet of HCC, including repayment of debt, tap acquisition opportunities, usage for business ventures/projects and other general corporate purposes.
HCC Insurance Holdings Inc., Tokio Marine Holdings Inc. - M&A Call
Jun 10 15
To discuss definitive agreement under which Tokio Marine Holdings, Inc. will acquire all outstanding shares of HCC Insurance Holdings, Inc
HCC Insurance Holdings Inc. Declares Quarterly Dividend, Payable on or about July 15, 2015
May 20 15
The Board of Directors of HCC Insurance Holdings Inc. has declared a regular cash dividend of $0.295 per share on the company's shares of $1.00 par value common stock. The dividend is payable to stockholders of record on July 1, 2015 and will be paid on or about July 15, 2015.
HCC Insurance Holdings Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015
Apr 28 15
HCC Insurance Holdings Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net earnings were $112.9 million, or $1.17 per diluted share compared to $107.9 million, or $1.07 per diluted share, in the same quarter of 2014. Total revenue was $676.450 million against $648.930 million a year ago. Operating earnings was $92.659 million against $97.293 million a year ago. Earnings before income tax expense were $150.828 million against $154.972 million a year ago. Annualized operating return on equity was 9.9% against 10.8% a year ago. The company generated cash flow from operations of $31.1 million in the first quarter of 2015, compared to $95.5 million in the same quarter of 2014. First quarter 2015 net earnings benefited from the company’s assertion to permanently reinvest accumulated undistributed earnings of the company’s controlled foreign corporations for 2014 and prior years. As of March 31, 2015 the company’s book value per share was $41.03 compared to $40.44 as of December 31, 2014.
HCC Insurance Holdings Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014
Apr 23 15
HCC Insurance Holdings Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, net earned premium was $601,832,000 against $560,030,000 a year ago. Loss and loss adjustment expense, net was $339,434,000 against $305,477,000 a year ago.
For the full year, net earned premium was $2,323,627,000 against $2,239,240,000 a year ago. Loss and loss adjustment expense, net was $1,326,835,000 against $1,322,454,000 a year ago.