Hawai’i Employers’ Mutual Giving $5M Divided to Policyholders

Hawai’i Employers’ Mutual Insurance Company Inc. is returning $5 million to qualifying policyholders this year, a move that the workers’ compensation insurer said marks the 20th consecutive annual dividend declared by its board.

This payout also matches the largest dividend in the company’s history. It brings the total HEMIC has returned to Hawaii policyholders to more than $63 million since the company issued its first dividend in 2007. More than 80% of HEMIC policyholders qualified this year. Companies are expected to receive the dividend in mid-October.

Company executives attribute the dividend to factors including a culture of safety among policyholder employees, and training, safety programs and injury prevention.

To qualify, policyholders must be insured with HEMIC for more than one consecutive policy term and demonstrate a history of workplace safety.

HEMIC is owned by its policyholders. HEMIC insures nearly 7,000 businesses and more than 75,000 workers across the Hawaiian Islands.