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HMSA, Kaiser Hawaii announce 3Q financial results

November 16, 2011

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HONOLULU—Hawaii's largest health insurance provider is reporting an after-tax net gain of $12.94 million for the three months through September.

Hawaii Medical Service Association said Wednesday it had revenue of $512.27 million during the third quarter, and spent $502.32 million in benefits and administrative expenses.

The nonprofit association said its underwriting gains amounted to $6.95 million. It also reported investment gains of $5.42 million. HMSA says the investment gains will help protect the association from underwriting losses and special health initiatives in the future.

Separately, Kaiser Permanente Hawaii reported a net loss of $800,000 during the third quarter.

The Hawaii region of Kaiser Foundation Health Plan, Inc. says its operating revenue stood at $267.7 million while operating expenses were $269.6 million. The organization also reported some investment income gains.