TAMPA, Fla., March 23, 2012 (GLOBE NEWSWIRE) -- Homeowners Choice, Inc. (Nasdaq:HCII), 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, 2012.

The March dividend is payable April 27, 2012 to shareholders of record at the close of business on April 2, 2012.

The April 2012 dividend is payable May 28, 2012 to shareholders of record at the close of business on May 1, 2012.

The May 2012 dividend is payable June 27, 2012 to shareholders of record at the close of business on June 1, 2012.

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 insurance to homeowners, condominium owners and tenants. Founded in 2006, Homeowners Choice serves approximately 121,000 policyholders throughout Florida representing approximately $227 million in annualized premiums. The company's common shares trade on the NASDAQ Global Select Market under the ticker symbol HCII and are included in the Russell Microcap Index. Its warrants trade on the same market under the ticker symbol HCIIW. Its Series A, Cumulative Redeemable Preferred shares trade on the NASDAQ Capital Market under the ticker symbol HCIIP. More information about Homeowners Choice, Inc. is available at www.hcpci.com.

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

CONTACT: Media Contact:
         Suzie Boland
         RFB Communications Group
         Investor Relations Contact:
         Jay Madhu
         Homeowners Choice, Inc.