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.