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. This is the twelfth consecutive year that the HEMIC Board has authorized a multi-million dollar dividend. With this dividend, HEMIC will have returned over $34.5 million to Hawai’i businesses over the last twelve years.

Policyholders insured with HEMIC for more than one policy year who have demonstrated a strong commitment to safety qualify for the dividend, which will be distributed in November.

Said HEMIC Chief Executive Officer, Martin Welch, “HEMIC’s Board of Directors are pleased to match last year’s dividend amount of $3.5 million. HEMIC is a mutual insurance company, owned by its policyholders. Dividends result from our mutual commitment and partnership to increase workplace safety, which enhances employees’ well-being, fosters productivity, and improves employers’ bottom line.”

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

“Serving Hawaii’s businesses and employees is our mission. We see it as our kuleana to partner with our policyholders, helping them achieve safer workplaces through education and training, and helping injured workers get back to work – and to life,” said Jason Yoshimi, President and CFO.” This year, we anticipate nearly 80% of our members will receive a dividend. The average dividend equates to roughly a month’s worth of premium for most qualifying policyholders.

While the law does not allow any insurance company to guarantee future dividends, paying an annual dividend is an important goal of HEMIC’s Board of Directors.

HEMIC’s mutual company structure is unique in Hawai’i: HEMIC is owned by its policyholders. The Board of Directors, who provide governance for the company, is made up of policyholders. The mutual structure ensures that company goals are aligned with the best interests of its policyholders.



HEMIC is the State of Hawai’i’s leading workers’ compensation insurance company, caring for more than 6,500 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 $31 million dollars in dividends to its policyholders over the past eleven years. An expert in safety, HEMIC helps employers prevent workplace injuries as well as care for injured workers.