HCC to Meet or Surpass 2006 Estimates

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HCC Insurance

(HCC) - Get Report

said on Wednesday it expects to achieve or beat the consensus earnings estimate of $2.55 per fully diluted share for the year 2006.

The estimate contemplates a roughly 7% common share dilution from the company's recent equity offering and the expense of stock options under the newly implemented FASB rule SFAS 123.

The company also said that its estimates for the full year 2006 net written premium of $1.9 billion as against the Thomson First Call estimate of $1.88 billion. HCC is considering average fully diluted shares outstanding at 115 million.

The stock was trading 36 cents up at $31.25.

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