HEMIC Has Returned Over $38 Million in Dividends to Policyholders
Over the Last 13 Years

September 4, 2019

HONOLULU, HAWAI`I — The Board of Directors of Hawai`i Employers’ Mutual Insurance Company, Inc. (HEMIC) has declared a $3.5 million dividend payable to qualifying policyholders. With this dividend, HEMIC will have returned over $38 million dollars to Hawai`i businesses over the last thirteen years.

“HEMIC’s dividend program is a unique benefit that we offer as a mutual insurance company,” said HEMIC Chief Executive Officer, Martin Welch. “This year, nearly 80% of our policyholder members will receive a dividend, averaging over 8% of their annual premium. In today’s economy, this can make a significant difference to their bottom line. The ability to issue dividends underscores our strong financial position and reflects our service to our policyholders.”

Said Jason Yoshimi, HEMIC President and CFO, “We strive to serve our policyholders with excellence, professionalism and integrity. This means partnering with them to create safer workplaces, to foster technical expertise in managing and mitigating claims, and most importantly, to help injured workers get back to work – and to life.”

To qualify for a dividend, policyholders must be insured with HEMIC for more than one consecutive policy term and demonstrate a commitment to safety. Dividends will be distributed in November.

HEMIC is the carrier of choice for over 95% of their policyholders, and also serves Hawai`i as the residual market for employers unable to obtain workers’ compensation coverage elsewhere. HEMIC’s policy premiums are carefully tailored to each employer’s individual loss history.

While the law does not allow any insurance company to guarantee future dividends, HEMIC’s Board of Directors hold dividends as an important goal for the company. As a mutual insurance company, HEMIC is owned and governed by their policyholders, and their mutual company structure is unique in Hawai`i.

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HEMIC is the State of Hawai`i’s leading workers’ compensation insurance company, caring for more than 6,700 businesses and 75,000 workers across the Hawaiian Islands. Rated “A” for financial strength by A.M. Best, HEMIC is a mutual insurance company and has returned more than $38 million dollars in dividends to its policyholders over the past thirteen years. An expert in safety, HEMIC helps employers prevent workplace injuries as well as care for injured workers. To learn more about HEMIC, please visit