HCC Insurance Holdings has announced its results for the year ending 31 December 2004.
The company said net earnings for the year increased to $163m from $143.6m a year earlier. Fourth quarter net income increased to $56.2m compared to $50.5m for the same period in 2003.
Earnings from continuing operations for the full year increased 45% to $159m from $106.9m a year earlier.
The company said earnings from continuing operations in the fourth quarter more than doubled to $52.2m from $17.8m in the same period in 2003.
The company said total revenue for the year increased by 36% to $1.3bn compared to 2003. It said it would build on its success in 2005.
Chief executive Stephen Way said: “2004 was the best year in our history and we are confident of improving on this in 2005.”
