HCC Doubles 1Q; Announces Conference Call

HCC Insurance Holdings, Inc. Tuesday released earnings for the first quarter of 2004. Net earnings increased significantly for the first quarter of 2004 to $44.6 million, or $0.68 per diluted share, from $23.8 million, or $0.38 per diluted share, for the same period of 2003. Stephen L. Way, Chairman and Chief Executive Officer, said, "Our first quarter results reflect the growth and continuing strong margins from all reporting segments in line with our 2004 business plan, and we anticipate achieving results near the top end of the range of the earnings guidance previously provided." ...