Homeowners Choice Announces Senior Notes Offering

Wed Jan 9, 2013 10:35am EST

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TAMPA, Fla., Jan. 9, 2013 (GLOBE NEWSWIRE) -- Homeowners Choice, Inc. (NYSE:HCI), a Florida-based
insurance holding company, today announced the commencement of an underwritten public offering of
its senior unsecured notes. Homeowners Choice intends to use the net proceeds from this offering
for working capital and general corporate purposes.

Sterne, Agee & Leach, Inc. is acting as sole book-running manager for the offering. Wunderlich
Securities, Inc. and Incapital LLC are serving as co-lead managers and JMP Securities LLC, Gilford
Securities Incorporated, J.J.B. Hilliard, W.L. Lyons, LLC, and Maxim Group LLC are acting as
co-managers for the offering. 

The offering will be made pursuant to an effective shelf registration statement that has been
filed with the Securities and Exchange Commission. A preliminary prospectus supplement and the
accompanying base prospectus related to the offering have been filed with the Securities and
Exchange Commission and are available on the SEC's website at www.sec.gov
. Copies of the preliminary prospectus supplement and the accompanying prospectus may also be
obtained from Sterne, Agee & Leach, Inc., 277 Park Avenue, 24th Floor, New York, NY 10172, by
calling (212) 338-4708, sending a request via facsimile at (205) 414-6373 or by email at

This press release shall not constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any state in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the securities laws of any
such state or jurisdiction.

About Homeowners Choice

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

CONTACT: Media Contact:
         Suzie Boland
         RFB Communications Group
         (813) 259-0345
         Investor Relations Contact:
         Jay Madhu
         Homeowners Choice, Inc.
         (813) 405-3660