Last €42.91 EUR
Change Today +1.02 / 2.44%
Volume 0.0
HCZ On Other Exchanges
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As of 2:04 AM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

hcc insurance holdings inc (HCZ) Snapshot

Open
€42.91
Previous Close
€41.89
Day High
€42.91
Day Low
€42.91
52 Week High
12/9/14 - €43.79
52 Week Low
02/4/14 - €30.55
Market Cap
4.2B
Average Volume 10 Days
10.0
EPS TTM
--
Shares Outstanding
96.8M
EX-Date
12/30/14
P/E TM
--
Dividend
€1.17
Dividend Yield
1.66%
Current Stock Chart for HCC INSURANCE HOLDINGS INC (HCZ)

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hcc insurance holdings inc (HCZ) 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.

1,976 Employees
Last Reported Date: 11/3/14
Founded in 1974

hcc insurance holdings inc (HCZ) 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
Executive Vice President of International Ope...
Total Annual Compensation: $877.9K
Executive Vice President of Life Accident & H...
Total Annual Compensation: $750.0K
Compensation as of Fiscal Year 2013.

hcc insurance holdings inc (HCZ) Key Developments

HCC Insurance Holdings, Inc. Appoints Lydia I. Beebe to Board of Directors, Effective March 5, 2015

On December 9, 2014, HCC Insurance Holdings Inc. announced that Lydia I. Beebe had been elected to serve as a member of the company's board of directors, effective March 5, 2015. Ms. Beebe, 62, currently serves as Corporate Secretary and Chief Governance Officer of Chevron Corporation, a position that she has held since 1995 and from which she plans on retiring in April 2015. Ms. Beebe will serve on the Nominating and Corporate Governance Committee.

HCC Insurance Holdings Inc. Declares Quarterly Cash Dividend, Payable on or about January 16, 2015

HCC Insurance Holdings Inc.'s Board of Directors has declared a regular quarterly 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 January 2, 2015 and will be paid on or about January 16, 2015.

HCC Insurance Holdings Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

HCC Insurance Holdings Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net earnings were $140.3 million, or $1.41 per diluted share compared to $98.2 million, or $0.98 per diluted share, in the same quarter of 2013. Gross written premium increased 8% to $730.8 million compared to $678.9 million in the same quarter of 2013. Net written premium increased 12% to $585.2 million, versus $521.7 million in the same quarter of 2013. Net earned premium increased 5% to $586.9 million in the third quarter of 2014, compared to $556.7 million in the same quarter of 2013. Net investment income was $54.2 million which was flat compared to the same quarter of 2013, and increased to $167.5 million in the first nine months of 2014, versus $165.6 million in the same period of 2013. Annualized return on equity was 14.4% and annualized operating return on equity was 11.3%. Total revenue was $690,038,000 compared to $636,477,000 for the same period a year ago. Operating earnings were $104,526,000 compared to $92,492,000 for the same period a year ago. Earnings before income tax expense was $204,657,000 compared to $140,100,000 for the same period a year ago. Net earnings available to common stock was $137,939,000 compared to $96,648,000 for the same period a year ago. For the nine months, the company reported net earnings were $345.3 million, or $3.45 per diluted share versus $292.2 million, or $2.90 per diluted share, in the same period of 2013. Gross written premium was increased 5% to $2.3 billion compared with the same period a year ago. Net written premium was increased 5% to $1.8 billion compared with the same period a year ago. Net earned premium increased 3% to $1.7 billion compared with the same period a year ago. The company generated cash flow from operations of $360.4 million compared to $271.4 million in the same period of 2013. The company's cash flow was decreased by U.S. Surety collateral repayments of $21.8 million in 2014 and $127.9 million in 2013. At September 30, 2014, the company had $321.7 million of cash and short-term investments and $374.1 million of available capacity under its $825.0 million revolving loan facility. Annualized return on equity was 12.2% and annualized operating return on equity was 10.9%. Book value per share increased 8% for first nine months to $39.64. Net investment income was $167,480,000 compared to $165,641,000 for the same period a year ago. Total revenue was $1,982,542,000 compared to $1,900,274,000 for the same period a year ago. Operating earnings were $297,565,000 compared to $272,050,000 for the same period a year ago. Earnings before income tax expense was $497,273,000 compared to $416,327,000 for the same period a year ago. Net earnings available to common stock was $339,704,000 compared to $287,433,000 for the same period a year ago.

 

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Industry Analysis

HCZ

Industry Average

Valuation HCZ Industry Range
Price/Earnings 11.4x
Price/Sales 2.0x
Price/Book 1.3x
Price/Cash Flow 11.0x
TEV/Sales 1.5x
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