HCC Insurance Holdings, Inc. (HCC) reported second-quarter net income of $93.5 million or $0.92 per share, up from $69.5 million or $0.61 per share in the comparable quarter last year.
The results for the latest quarter include pretax net catastrophe losses of $4.7 million which reduced net earnings by $0.03, while in the second quarter of 2011 include pretax net catastrophe losses was $21.9 million which reduced net earnings by $0.13 per share.
On average, 10 analysts polled by Thomson Reuters expected the company to earn $0.75 per share for the quarter. Analysts' estimates typically exclude special items.
Net written premium for the quarter rose 5 percent to $642.1 million from $609.9 million in the same quarter of 2011. Net earned premium increased 8 percent to $565.3 million for the second quarter of 2012, compared to $524.3 million in the year-ago quarter.
Analysts expected revenues of $563.92 million for the quarter.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.