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Last $77.16 USD
Change Today -0.05 / -0.06%
Volume 742.4K
HCC On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

hcc insurance holdings inc (HCC) Key Developments

HCC Insurance Holdings Inc. Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

HCC Insurance Holdings Inc. announced earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net earnings of $80.4 million, or $0.84 per diluted share, in the second quarter of 2015, compared to $97.1 million, or $0.97 per diluted share, in the same quarter of 2014. Net earnings in 2015 included after-tax losses from its recently acquired agriculture business of $2.2 million, or $0.02 per share, in second quarter. Net earnings also included after-tax foreign currency expense of $6.7 million, or $0.07 per share, in the second quarter of 2015, compared to $1.8 million, or $0.02 per share, in the same quarter of 2014. This result partially reversed the $11.7 million after-tax foreign currency benefit recorded in the first quarter of 2015. Net written premium increased 18% to $766.1 million in the second quarter of 2015, versus $647.0 million in the same quarter of 2014. Net earned premium increased 12% to $641.8 million in the second quarter of 2015, compared to $572.2 million in the same quarter of 2014. Excluding ProAg, gross written premium decreased 2%, net written premium was flat and net earned premium increased 3% in the second quarter of 2015, compared to the same quarter of 2014. For the first six months of 2015, compared to the same period of 2014, gross written premium increased 14% to $1.8 billion; net written premium increased 16% to $1.4 billion; and net earned premium increased 9% to $1.2 billion. Excluding ProAg, gross written premium decreased 1%, net written premium increased 2% and net earned premium increased 3% in the first six months of 2015, compared to the same period of 2014. As of June 30, 2015, HCC's fixed HCC generated cash flow from operations of $32.8 million compared to $195.3 million in the same period of 2014. Net earnings were $193.3 million, or $2.01 per diluted share versus $205.0 million, or $2.04 per diluted share, in the same period of 2014. Book value per share increased to $40.94. Annualized return on equity of 9.9%. Annualized operating return on equity of 9.5%.

HCC Insurance Holdings Inc. to Report Q2, 2015 Results on Jul 28, 2015

HCC Insurance Holdings Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 28, 2015

HCC Insurance Holdings Inc., Q2 2015 Earnings Call, Jul 29, 2015

HCC Insurance Holdings Inc., Q2 2015 Earnings Call, Jul 29, 2015

HCC Insurance Seeks Acquisitions

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

To discuss definitive agreement under which Tokio Marine Holdings, Inc. will acquire all outstanding shares of HCC Insurance Holdings, Inc

 

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HCC Competitors

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Company Last Change
Alleghany Corp $486.13 USD -3.25
American National Insurance Co $106.95 USD +0.82
Arch Capital Group Ltd $71.36 USD -0.70
Cincinnati Financial Corp $55.21 USD -0.06
White Mountains Insurance Group Ltd $706.00 USD +4.50
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Industry Analysis

HCC

Industry Average

Valuation HCC Industry Range
Price/Earnings 16.8x
Price/Sales 2.6x
Price/Book 1.9x
Price/Cash Flow 16.5x
TEV/Sales 2.2x
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