Insight and Intelligence on the London & International Insurance Markets

24 January 2018

Search archive

Record quarter and year for HCC Insurance earnings

12 February 2013

HCC Insurance Holdings earned record fourth quarter profits of $108.1mn, compared to $78.3mn in the prior-year period, as cat losses were more than offset by reserve releases.

The quarterly performance pushed the US insurer to best ever profits for the year too, as it booked net earnings of $391.2mn, up from $255.2mn in 2011.

The company benefitted from net favourable development of $35.4mn in Q4 2012 that included $18.9mn of releases from prior-year catastrophe reserves and was well ahead of...

If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership


Euromoney Trading Limited - 3rd Floor, 41 Eastcheap, London, EC3M 1DT, United Kingdom. The content of this website is copyright of Euromoney Trading Limited 2018. All rights reserved Euromoney Trading Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.