HCC Insurance Holdings Inc. (HCC, Financial) filed Quarterly Report for the period ended 2012-03-31.
Hcc Ins Hldgs has a market cap of $3.32 billion; its shares were traded at around $32.12 with a P/E ratio of 12.2 and P/S ratio of 1.4. The dividend yield of Hcc Ins Hldgs stocks is 1.9%. Hcc Ins Hldgs had an annual average earning growth of 13.2% over the past 10 years. GuruFocus rated Hcc Ins Hldgs the business predictability rank of 3-star.
Our Professional Liability segment pretax earnings decreased and the net loss ratio increased in the first quarter of 2012, compared to the same period of 2011, primarily due to the results of our diversified financial products (DFP) line of business in U.S. D&O. We increased the 2011 ultimate loss ratio for DFP in the third quarter of 2011 and continued to use that same ultimate loss ratio in 2012. The segment recorded adverse loss development of $6.2 million in the first quarter of 2011 related to the DFP business.
The Accident & Health segment pretax earnings increased 7% in the first quarter of 2012, compared to the same period of 2011. This increase is directly related to higher net earned premium in our medical stop-loss product line due to writing new business and rate increases, which were in line with medical loss cost trends, on renewal business.
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Hcc Ins Hldgs has a market cap of $3.32 billion; its shares were traded at around $32.12 with a P/E ratio of 12.2 and P/S ratio of 1.4. The dividend yield of Hcc Ins Hldgs stocks is 1.9%. Hcc Ins Hldgs had an annual average earning growth of 13.2% over the past 10 years. GuruFocus rated Hcc Ins Hldgs the business predictability rank of 3-star.
Highlight of Business Operations:
Comparisons in the following sections refer to the first quarter of 2012 compared to the same period of 2011, unless otherwise noted. Certain 2011 amounts have been adjusted to reflect our adoption of a new accounting standard as of January 1, 2012. See Note 1, General Information Accounting Guidance Adopted in 2012 to the Consolidated Financial Statements for a description of this guidance and the impact of our retrospective adoption on prior year results. Amounts in tables are in thousands, except for earnings per share, percentages, ratios and number of employees.Our Professional Liability segment pretax earnings decreased and the net loss ratio increased in the first quarter of 2012, compared to the same period of 2011, primarily due to the results of our diversified financial products (DFP) line of business in U.S. D&O. We increased the 2011 ultimate loss ratio for DFP in the third quarter of 2011 and continued to use that same ultimate loss ratio in 2012. The segment recorded adverse loss development of $6.2 million in the first quarter of 2011 related to the DFP business.
The Accident & Health segment pretax earnings increased 7% in the first quarter of 2012, compared to the same period of 2011. This increase is directly related to higher net earned premium in our medical stop-loss product line due to writing new business and rate increases, which were in line with medical loss cost trends, on renewal business.
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