HCC Insurance Holdings Increases Earnings for First Quarter

Houston-based HCC Insurance Holdings Inc. announced that earnings increased for the first quarter of 2001 over the same period last year. The company said net earnings increased by 27 percent to $15.2 million or $0.28 per share, up from $11.4 million or $0.22 per share for first quarter 2000. Despite an increase in earnings, the company reported a decrease in total revenue during the first quarter 2001, to $115.1 million, compared with $121.9 million for the first quarter last year.

Topics Profit Loss