With this latest distribution, HEMIC will have returned more than $53 million in dividends to Hawai‘i policyholders since 2007.
This year’s record-breaking dividend reflects HEMIC’s consistent growth and strong partnerships with policyholders and agents, reinforcing the company’s focus on workplace safety.
“Thanks to our steady growth and a diligent focus on performance, we are proud to deliver our largest dividend at a time when many Hawai‘i employers need it most,” said HEMIC CEO Martin Welch. “Our dividend program is a testament to our commitment to policyholders and demonstrates the success we can achieve together in promoting safer workplaces.”
As Hawai‘i’s only local mutual insurance company, HEMIC is owned and governed by its policyholders. The company’s mission is to support Hawai‘i businesses and their workers with expert service and a focus on the spirit of aloha. To qualify for the dividend, policyholders must be insured with HEMIC for more than one consecutive policy term and maintain a strong performance record.
HEMIC President and CFO, Jason Yoshimi, emphasized the company’s long-term approach to financial stability. “With disciplined underwriting and a conservative, diversified capital management strategy, we balance growth and stability while growing our surplus,”
He added “We are committed to delivering on our financial promises to policyholders for years to come.”
