The Hawai’i Medical Service Association (HMSA) reported a 1.6% net gain in the second quarter of the year in its filing with the state Insurance Division. The gain gives HMSA continued financial stability and resources to improve the lives of its members and the health of Hawaii.

“This filing shows that we’re close to breaking even and, as a nonprofit company, that’s essential to our financial sustainability,” said Gina L. Marting, HMSA senior vice president and chief financial officer. “This ensures that our members can continue to receive care from Hawaii’s top-ranked doctors and hospitals and that we have the resources to support our members at every stage of their lives.”

Of HMSA’s $890.1 million in premium revenue for the second quarter, 90.6%, or $806.7 million, was spent on health care services for members and $83 million for administrative expenses. HMSA reported an investment gain of $6.8 million.

About HMSA

Caring for the people of Hawaii is our promise and our privilege. Working together with employers, partners, and physicians and other health care providers, we promote well-being; develop reliable, affordable health plans; and support members with clear, thoughtful guidance.

HMSA is the most experienced health plan in the state, covering more than half of Hawaii’s population. As a recognized leader, we embrace our responsibility to strengthen the health and well-being of our community.

Headquartered on Oahu with centers and offices statewide to serve our members, HMSA is an independent licensee of the Blue Cross Blue Shield Association.