HEMIC declares $5 million dividend for policyholders

Hawaiʻi Employers’ Mutual Insurance Company, Inc. (HEMIC) announced a $5 million dividend for qualifying policyholders, the largest payout in the company’s history. This brings the total dividends distributed to over $53 million since 2007.

The dividend reflects HEMIC’s consistent growth and strong partnerships with policyholders and agents to promote safer workplaces. According to CEO Martin Welch, this payout is a testament to HEMIC’s dedication to supporting Hawaiʻi businesses, particularly during challenging times.

HEMIC, Hawaiʻi’s only mutual insurance company owned by its policyholders, emphasizes its commitment to providing expert service and long-term financial stability. Policyholders with a consecutive policy term and a solid performance record are eligible for the dividend.

HEMIC remains the leading provider of workers’ compensation insurance in Hawaii. While future dividends are not guaranteed by law, the Board views this distribution as a core objective of the company.