Homeowners Choice Declares Dividends on Preferred Shares

Thu Mar 7, 2013 4:03pm EST

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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
http://www.globenewswire.com/newsroom/ctr?d=10024462&l=5&a=About%20Homeowners%20Choice%2C%20Inc&u=http%3A%2F%2Fwww.hcpci.com%2F
.

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
http://www.globenewswire.com/newsroom/ctr?d=10024462&l=6&a=www.hcigroup.com&u=http%3A%2F%2Fwww.hcigroup.com%2F
.

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