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Homeowners Choice Declares Dividends on Preferred Shares

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TAMPA, Fla., March 7, 2013 (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 March 31, April 30 and May 31, 2013.

The March 2013 dividend is payable April 29, 2013 to shareholders of record at the close of business on April 1, 2013.

The April 2013 dividend is payable May 28, 2013 to shareholders of record at the close of business on May 1, 2013.

The May 2013 dividend is payable June 27, 2013 to shareholders of record at the close of business on June 3, 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 and 8% senior notes trade on the New York Stock Exchange under the ticker symbols "HCI" and "HCJ." Its common shares are included in the Russell 2000 Index. Its 7% 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.hcigroup.com.

The Homeowners Choice, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6712

CONTACT: Company Contact: Jay Madhu, V.P. of Investor Relations Homeowners Choice, Inc. Tel (813) 405-3660 jmadhu@hcpci.com Investor Relations Contact: Matt Glover or Michael Koehler Liolios Group, Inc. Tel (949) 574-3860 hci@liolios.com

Source:Homeowners Choice, Inc.