Last €39.32 EUR
Change Today +0.228 / 0.58%
Volume 0.0
HCZ On Other Exchanges
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Exchange
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As of 2:01 AM 10/23/14 All times are local (Market data is delayed by at least 15 minutes).

hcc insurance holdings inc (HCZ) Snapshot

Open
€39.32
Previous Close
€39.09
Day High
€39.32
Day Low
€39.32
52 Week High
10/23/14 - €39.32
52 Week Low
02/4/14 - €30.55
Market Cap
3.9B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
100.0M
EX-Date
09/29/14
P/E TM
--
Dividend
€1.18
Dividend Yield
1.83%
Current Stock Chart for HCC INSURANCE HOLDINGS INC (HCZ)

hcc insurance holdings inc (HCZ) Related Businessweek News

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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.

1,933 Employees
Last Reported Date: 08/4/14
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. Presents at JMP Securities Financial Services & Real Estate Conference, Sep-30-2014 01:30 PM

HCC Insurance Holdings Inc. Presents at JMP Securities Financial Services & Real Estate Conference, Sep-30-2014 01:30 PM. Venue: The St. Regis New York, 2 East 55th Street, New York, NY 10022, United States.

HCC Insurance Holdings Inc. Declares Quarterly Cash Dividend, Payable on or About October 15, 2014

HCC Insurance Holdings Inc. board of directors has declared a regular cash dividend of $0.295 per share on the company's shares of $1.00 par value common stock, which represents a $0.07 per share or 31% increase in the quarterly dividend. The dividend is payable to stockholders of record on October 1, 2014 and will be paid on or about October 15, 2014.

HCC Insurance Holdings Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

HCC Insurance Holdings Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. Gross written premium increased 3% to $832.7 million in the second quarter of 2014, compared to $809.4 million in the same quarter of 2013. Net written premium increased 3% to $647.0 million in the second quarter of 2014, against $629.0 million in the same quarter of 2013. Net earned premium increased 2% to $572.2 million in the second quarter of 2014, compared to $561.4 million in the same quarter of 2013. Net investment income increased to $56.4 million in the second quarter of 2014, compared to $55.7 million in the same quarter of 2013. Total revenue was $643.6 million against $629.4 million last year. Operating earnings were $95.7 million against $86.4 million last year. Net earnings available to common stock was $95.5 million or $0.97 per basic and diluted share against $86.7 million or $0.87 per diluted share last year. Annualized operating return on equity was 10.5% against 10.3% last year. For the first six months of 2014, net earnings available to common stock was $201.8 million or $2.04 per diluted share against $190.8 million or $1.92 per diluted share last year. Net earnings were driven by an outstanding underwriting performance and a combined ratio of 83.2%. The 2014 results included accident year pretax net catastrophe losses of $4.9 million and $9.5 million in the second quarter and first six months, respectively, which reduced net earnings by $0.03 and $0.06 per share in the respective periods. Gross written premium increased 3% to $1.6 billion against $1.5 billion last year. Net written premium increased 2% to $1.2 billion against $1.2 billion last year. Net earned premium increased 1% to $1.1 billion against $1.1 billion last year. Net investment income increased to $113.2 million compared to $111.4 million in the same period of 2013. HCC generated cash flow from operations of $195.3 million in the first six months of 2014, compared to $102.0 million in the same period of 2013. The company's cash flow was decreased by U.S. Surety collateral repayments of $16.1 million in 2014 and $74.3 million in 2013. Annualized return on equity was 10.8% for the first half. Annualized operating return on equity was 10.7% for the first half against 10.8% last year. Book value per share increased 7% for the first half to $39.12 against $36.62 at December 31, 2013. Total revenue was $1,292.5 million against $1,263.8 million last year. Operating earnings were $193.0 million against $179.6 million last year.

 

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Industry Analysis

HCZ

Industry Average

Valuation HCZ Industry Range
Price/Earnings 12.0x
Price/Sales 1.9x
Price/Book 1.3x
Price/Cash Flow 11.9x
TEV/Sales 1.5x
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