Homeowners Choice Declares Dividends On Preferred Shares

TAMPA, Fla., Dec. 11, 2012 (GLOBE NEWSWIRE) -- Homeowners Choice, Inc. (NYSE:HCI), a Florida-based insurance holding company, today announced that its board of directors has declared cash dividends of 5.833 cents per share on its Series A Cumulative Redeemable Preferred Stock ("HCIIP") for the months ending December 31, January 31, 2013 and February 28, 2013.

The December dividend is payable January 28, 2013 to shareholders of record at the close of business on January 2, 2013.

The January 2013 dividend is payable February 27, 2013 to shareholders of record at the close of business on February 1, 2013.

The February 2013 dividend is payable March 27, 2013 to shareholders of record at the close of business on March 1, 2013.

About Homeowners Choice, Inc.

Homeowners Choice, Inc. is a Florida-based insurance holding company headquartered in Tampa. Through its subsidiary corporations, Homeowners Choice provides property and casualty homeowners' insurance, condominium owners' insurance and tenants' insurance. The company's common shares trade on the New York Stock Exchange under the ticker symbol " HCI" and are included in the Russell 2000 Index. Its Series A, cumulative redeemable preferred shares trade on the NASDAQ Capital Market under the ticker symbol " HCIIP." More information about Homeowners Choice is available at www.hcpci.com .

The Homeowners Choice, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6712
CONTACT: Media Contact:         Suzie Boland         RFB Communications Group         813.259.0345         sboland@rfbcommunications.com                  Investor Relations Contact:         Jay Madhu         Homeowners Choice, Inc.         813.405.3660         jmadhu@hcpci.com

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