HCC Insurance Holdings Q2 Profit Declines - Quick Facts

(RTTNews) - HCC Insurance Holdings, Inc. (HCC) reported net earnings of $88.2 million or $0.87 per share for the second quarter, compared to $93.5 million or $0.92 per share in the comparable quarter last year.

On average, 10 analysts polled by Thomson Reuters expected the company to earn $0.84 per share for the quarter. Analysts' estimates typically exclude special items.

For the quarter, net written premiums decreased 2 percent to $629.0 million, from $642.1 million in the same quarter of 2012, while net earned premium for the latest quarter was $561.4 million, down 1% from $565.3 million in the year-ago quarter.

Five analysts expected revenues of $570.79 million for the quarter.