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Homeowners Choice Declares Regular Quarterly Cash Dividend on Its Common Shares

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TAMPA, Fla., April 8, 2013 (GLOBE NEWSWIRE) -- Homeowners Choice, Inc. (NYSE:HCI) announced today that its board of directors has declared a regular quarterly cash dividend in the amount of 22.5 cents per common share for the second quarter of 2013. The dividend will be paid June 21, 2013 to shareholders of record on the close of business May 17, 2013.

About Homeowners Choice

Homeowners Choice, Inc. is a holding company owning subsidiaries engaged in diverse business activities, including homeowners' insurance, real estate and information technology services. The company's most important subsidiary, Homeowners Choice Property & Casualty Insurance Company, Inc., is a top 5 provider of property and casualty insurance in the state of Florida.

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 8% Senior Notes trade on the New York Stock Exchange under the ticker symbol "HCJ." Its 7% Series A, cumulative redeemable preferred shares trade on the NASDAQ Capital Market under the ticker symbol "HCIIP." For more information about Homeowners Choice, visit www.hcigroup.com.

Forward-Looking Statements

This news release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "estimate," "expect," "intend," "plan," "confident," "prospects" and "project" and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the company's filings with the Securities and Exchange Commission. Should any risks or uncertainties develop into actual events, these developments could have material adverse effects on the company's business, financial condition and results of operations. Homeowners Choice, Inc. disclaims all obligations to update any forward-looking statements.

CONTACT: Company Contact: Jay Madhu, Vice President 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.

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