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Homeowners Choice, Inc., the Clearwater-based insurance holding company, reports that net income for the third quarter of 2009 increased two percent to $815,000, or $0.11 per diluted share, compared with net income of $802,000, or $0.12 per diluted share, for the third quarter of 2008. Third-quarter investment income was $516,000, compared with $425,000 in the prior-year period.

Gross premiums earned for the third quarter of 2009 more than doubled to $25.2 million from $12 million in the prior-year quarter. Net premiums earned for the third quarter of 2009 increased 49 percent to $12.0 million from $8.1 million in the prior-year quarter. Losses and loss adjustment expenses were $6.7 million compared with $4.6 million in the prior-year quarter.

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