HCC Insurance Holdings Q3 Profit Down - Quick Facts

(RTTNews) - HCC Insurance Holdings Inc. (HCC) Tuesday reported third-quarter profit of $98.2 million or $0.98 per share, down from $107.1 million or $1.05 per share in the same period last year.

On average, 10 analysts polled by Thomson Reuters expected the company to earn $0.81 per share for the quarter. Analysts' estimates typically exclude special items.

Net earned premium dropped to $556.7 million from $563.7 million last year. Investment income totaled $54.2 million, down from $56.3 million last year.

Combined ratio was 83.5 percent, compared to 79.1 percent last year.

Looking ahead, the company projects full-year 2013 earnings in the range of $3.70 to $3.80 per share. Analysts currently expect full-year earnings of $3.49 per share.