B
Hawaii Medical Service Assn
Rating Date
January 2026
NAIC
Classification
Health
Risk Adjusted
Capital Ratio #1
3.55
Risk Adjusted
Capital Ratio #2
2.96
Total
Assets
1.87B
Capital
858.89M
Health
Premiums
4.14B
Net
Income
7.45M
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Weiss Ratings Hawaii Medical Service Assn
Honolulu, HI 		Click to
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Rating B
Capitalization Index 9.74
Investment Safety Index 4.37
Liquidity Index 7.02
Profitability Index 4.68
Reserve Adequacy Index --
Stability Index 8.26
Company Info Hawaii Medical Service Assn
Honolulu, HI 		Click to
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Industry Health
NAIC Number 49948
Phone Number (808) 952-7747
Website www.hmsa.com
Address 818 Keeaumoku Street Honolulu, HI 96814
Balance Sheet Hawaii Medical Service Assn
Honolulu, HI 		Click to
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Total Assets 1.87B
Capital and Reserves Hawaii Medical Service Assn
Honolulu, HI 		Click to
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Risk-Adjusted Capital Ratio #1 3.55
Risk-Adjusted Capital Ratio #2 2.96
1-Year Reserve Development --
2-Year Reserve Development --
Capital 858.89M
Premium to Surplus --
Reserves to Surplus --
Investments Hawaii Medical Service Assn
Honolulu, HI 		Click to
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Cash --
CMO & Structured Securities --
Common & Preferred Stock --
Invested Assets --
Investments in Affiliates --
Mortgages in Good Standing --
Non-Investment Grade Bonds --
Non-Performing Mortgages --
Other Investment Grade Bonds --
Other Investments --
Real Estate --
Operating Ratios Hawaii Medical Service Assn
Honolulu, HI 		Click to
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Medical Loss Ratio 93.03%
Cash From Underwriting --
Combined Ratio --
Expense Ratio --
Loss Ratio --
Net Premium Growth --
Other Medical Hawaii Medical Service Assn
Honolulu, HI 		Click to
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Bonus Pay 46.50K
Capitation Pay 196.73K
Contractual Pay 3.44M
Enrollment 747.42K
Fee For Service 0.00
Medical Expense Per Member Per Month $432.00
Network Physicians 10.64K
Other Pay --
Salary Pay 116.02K
Total Patient Encounters - Physician 6.37M
Total Patient Encounters-Non-Physician 0.00
Profitability Hawaii Medical Service Assn
Honolulu, HI 		Click to
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Net Income 7.45M
Net Premium 4.14B
Health Premium 4.14B