HCC Insurance Holdings, Inc. (HCC) reported a rise in first-quarter profit to $105.9 million or $1.05 per share, from $82.6 million or $0.79 per share in the comparable quarter last year.
The results for the latest quarter include accident year pretax net catastrophe losses of $5.2 million, which compares to a 2012 pretax net catastrophe loss of $7.6 million.
On average, 11 analysts polled by Thomson Reuters expected the company to earn $083 per share for the quarter. Analysts' estimates typically exclude special items.
For the quarter, net written premiums rose by 4 percent to $579.2 million, from $558.4 million in the same quarter of 2012, while net earned premium for the latest quarter was $561.2 million, up 3% from $547.1 million in the year-ago quarter.
Five analysts expected revenues of $578.06 million for the quarter.
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