HCC Insurance Holdings Q4 Profit Rises - Quick Facts

(RTTNews) - HCC Insurance Holdings Inc. (HCC) Tuesday reported fourth-quarter net income of $115.0 million or $1.14 per share, compared to $108.1 million or $1.06 per share in the same period last year.

On average, 10 analysts polled by Thomson Reuters expected the company to earn $0.90 per share for the quarter. Analysts' estimates typically exclude special items.

Net earned premium dropped 1% to $560.0 million from $566.5 million last year. Investment income totaled $54.5 million, down from $56.0 million last year. Analysts expected revenues of $560.15 million for the quarter.

Combined ratio was 81.2 percent, compared to 84.5 percent last year.