Last $56.15 USD
Change Today +0.37 / 0.66%
Volume 349.7K
HCC On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 4:15 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

hcc insurance holdings inc (HCC) Snapshot

Open
$55.97
Previous Close
$55.78
Day High
$56.33
Day Low
$55.75
52 Week High
02/24/15 - $56.58
52 Week Low
04/11/14 - $44.17
Market Cap
5.4B
Average Volume 10 Days
297.5K
EPS TTM
$4.01
Shares Outstanding
96.3M
EX-Date
12/30/14
P/E TM
14.0x
Dividend
$1.18
Dividend Yield
1.85%
Current Stock Chart for HCC INSURANCE HOLDINGS INC (HCC)

hcc insurance holdings inc (HCC) Related Businessweek News

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hcc insurance holdings inc (HCC) Details

HCC Insurance Holdings, Inc. underwrites non-correlated specialty insurance products worldwide. The company operates in five segments: U.S. Property & Casualty, Professional Liability, Accident & Health, U.S. Surety & Credit, and International. The U.S. Property & Casualty segment provides aviation, small account errors and omissions (E&O) liability, public risk, disability, contingency, primary and excess casualty, technical and construction property, residual value, employment practices liability (EPLI), and brown water marine insurance products, as well as title and mortgage reinsurance products in the United States. The Professional Liability segment offers directors’ and officers’ (D&O) liability, large account E&O liability, fiduciary liability, fidelity and bankers’ blanket bonds, and EPLI for D&O policyholders in the United States and internationally. The Accident & Health segment provides medical stop-loss, and short-term domestic and international medical coverages in the United States. The U.S. Surety & Credit segment offers contract surety bonds, commercial surety bonds, and bail bonds; credit insurance policies that insure against the risk of non-payment on trade-related transactions and financings; and political risk insurance. The International segment provides energy, property treaty, liability, surety, credit, direct and facultative property, ocean marine, accident and health, and other smaller product lines internationally. The company markets its products directly to consumers, as well as through a network of independent agents and brokers, and managing general agents. HCC Insurance Holdings, Inc. was founded in 1974 and is headquartered in Houston, Texas.

1,983 Employees
Last Reported Date: 02/27/15
Founded in 1974

hcc insurance holdings inc (HCC) Top Compensated Officers

Chief Executive Officer, Director, Member of ...
Total Annual Compensation: $2.0M
President and Chief Operating Officer
Total Annual Compensation: $1.0M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $550.0K
Chief Property & Casualty Insurance Officer a...
Total Annual Compensation: $750.0K
Consultant
Total Annual Compensation: $750.0K
Compensation as of Fiscal Year 2013.

hcc insurance holdings inc (HCC) Key Developments

Thomas M. Hamilton Not to Stand for Re-Election to the HCC Insurance Holdings Inc.'s Board of Directors

On February 25, 2015, Thomas M. Hamilton notified HCC Insurance Holdings Inc. of his intent not to stand for re-election to the Company's board of directors at the company's upcoming 2015 Annual Meeting of Stockholders to be held on May 20, 2015. Mr. Hamilton's decision not to stand for re-election is not the result of any disagreement with the Company or one of its executive officers. Mr. Hamilton currently serves on the Board's Nominating and Corporate Governance Committee and Compensation Committee and will continue to serve until the date of the 2015 Annual Meeting of Stockholders.

HCC Insurance Holdings Inc. Presents at Raymond James & Associates 36th Annual Institutional Investors Conference, Mar-02-2015 01:05 PM

HCC Insurance Holdings Inc. Presents at Raymond James & Associates 36th Annual Institutional Investors Conference, Mar-02-2015 01:05 PM. Venue: JW Marriott Grande Lakes, 4040 Central Florida Parkway, Orlando, FL 32837, United States. Speakers: Brad T. Irick, Chief Financial Officer and Executive Vice President, Christopher J. B. Williams, Chief Executive Officer, Director, Member of Investment & Finance Committee and Member of Enterprise Risk Oversight Committee.

HCC Insurance Holdings Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Full Year 2015

HCC Insurance Holdings Inc. reported earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net earnings were $113.0 million, or $1.16 per diluted share, in the fourth quarter of 2014, compared to $115.0 million, or $1.14 per diluted share, in the same quarter of 2013. Net earnings were $458.3 million, or $4.61 per diluted share, in 2014, versus $407.2 million, or $4.04 per diluted share, in 2013. Gross written premium increased 3% to $691.4 million in the fourth quarter of 2014, compared to $671.7 million in the same quarter of 2013. Net written premium increased 5% to $550.9 million in the fourth quarter of 2014, versus $525.4 million in the same quarter of 2013. Net earned premium increased 7% to $601.8 million in the fourth quarter of 2014, compared to $560.0 million in the same quarter of 2013. Investment income was $54.1 million, compared to $54.5 million in the same quarter of 2013. For the year, the company reported gross written premium increased 4% to $3.0 billion; net written premium increased 5% to $2.4 billion; and net earned premium increased 4% to $2.3 billion. Investment income was $221.6 million, compared to $220.2 million in the same period of 2013. The 2014 results included accident year pretax net catastrophe losses of $12.1 million and $26.4 million in the fourth quarter and full year, respectively, which reduced net earnings by $0.08 and $0.18 per share in the respective periods. The 2013 results included pretax net catastrophe losses of $7.5 million and $52.0 million in the fourth quarter and full year, respectively, which reduced net earnings by $0.05 and $0.34 per share in the respective periods. The company generated cash flow from operations of $478.6 million in 2014, compared to $262.7 million in 2013. The company's cash flow was decreased by U.S. Surety collateral repayments of $20.3 million in 2014 and $121.7 million in 2013. Return on equity of 12.1% and operating return on equity(a) of 11.0%. As on date, book value per share increased 10% to $40.44. For 2015, the company continue to grow profitably and expect to find new opportunities for growth in the coming year as merger and acquisition activity heats up. The company remain nimble, opportunistic and well-positioned for another strong year in 2015.

 

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Industry Analysis

HCC

Industry Average

Valuation HCC Industry Range
Price/Earnings 12.1x
Price/Sales 2.0x
Price/Book 1.4x
Price/Cash Flow 11.7x
TEV/Sales 1.6x
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