HM at a Glance

Working with HM Insurance Group (HM) means you’ll have access to leaders with decades of knowledge helping to protect your clients.

Your Trusted Company

As a leading national Stop Loss carrier that also delivers assumed Accident and Health reinsurance and provider excess insurance, HM works to create solutions for self-funded employers, ceding carriers, providers and health plans, business partners and the broker communities who serve them.

HM is comprised of three underwriting carriers:

HM Life Insurance Company, Pittsburgh, PA
HM Life Insurance Company of New York, New York, NY
Highmark Casualty Insurance Company, Pittsburgh, PA

A wholly owned subsidiary and diversified business of Highmark Inc., HM Insurance Group is an affiliate of Highmark Health.

HM Key Facts

Guided by knowledge and experience, you’ll see that the heart of our business decisions is the integrity of the transaction. Here are some valuable HM key facts to know.

Company Facts

HM is committed to building strong, consultative relationships and has:

345 employees
More than 4 decades of experience as a direct writer
More than $825 million in claims paid in 2023
Licenses in all 50 states & the District of Columbia

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Financial Strength

HM focuses on smart, controlled growth, resulting in solid financial results year after year. Our financial successes include:

Annual gross revenues of more than $1.2 Billion
A (Excellent) rating by AM Best¹
Savings of $58 Million with cost containment efforts

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Stop Loss Expertise

With more than 182,000 claim submissions processed over the past five years – totaling more than $2.9 billion – our attention to detail gives policyholders confidence that claims will be paid quickly and correctly. Some of our achievements include:

Being among the top Stop Loss carriers nationally²
Insures more than 1,500 self-funded plans
Stop Loss sold case turnaround time averaging fewer than 3 days for new business and 2 days for renewals
99.46% of Stop Loss claims processed within 6 business days
Above 99% technical & financial accuracy for Stop Loss claims

BROWSE FACTS

Company statistics gathered through HM Insurance Group January 2023 and June 2023 Lines of Business Report and other HM Insurance Group internal analysis.

¹ AM Best Company, September 2023
² MyHealthGuide, LLC, June 2023

Let’s Connect

If you’d like to request more information, please complete our contact form.

Contact HM today

Stop Loss coverage is underwritten by HM Life Insurance Company, Pittsburgh, PA, in all states except New York, under policy form series HMP-SL (08/19) or HMP-SL (06/20) or similar. In New York, Stop Loss coverage is underwritten by HM Life Insurance Company of New York, New York, NY, under policy form series HMP-SL (06/20) or similar. In all states except New York, Provider Excess Insurance is underwritten by HM Life Insurance Company, Pittsburgh, PA, or Highmark Casualty Insurance Company, Pittsburgh, PA, under policy form series HM PEL 1105, HC PEL 1105, HMP PEL (09/20) or similar. In New York, Provider Excess Insurance is underwritten under policy form series HMNY PEL1105 or similar. In all states except New York, Assumed Accident and Health Reinsurance is underwritten or reinsured by HM Life Insurance Company, Pittsburgh, PA, or Highmark Casualty Insurance Company, Pittsburgh, PA, under form HM1005-ELR or similar. In New York, Assumed Accident and Health Reinsurance is reinsured by HM Life Insurance Company of New York, New York, NY. The coverage or service requested may not be available in all states and is subject to individual state approval. Reinsurance agreements only reflect a form number when required by applicable state law.