Overview
HM Insurance Group works to protect businesses from the financial risks associated with catastrophic health care costs.
With 40 years in the market, HM Insurance Group is among the top carriers nationally for stop loss insurance, protecting self-funded clients from the financial loss associated with unexpected large or catastrophic claims. Headquartered in Pittsburgh, Pennsylvania, the company has offices in 17 locations nationwide and is licensed in 50 states and the District of Columbia.
The company also offers custom, client-specific accident and health quota share and excess loss reinsurance solutions for carriers and health plans and excess loss insurance for providers.
HM Insurance Group responds to market changes and works with clients to ensure their coverage needs are met with expert risk assessment, excellence in operational performance and successful cost containment practices that optimize coverage.
READ MORECommitted to making a difference in communities across the nation
HM Insurance Group employees and family members at one of the organization’s many volunteer events.
As a stop loss carrier, HM Insurance Group, LLC (HM Insurance Group) sees firsthand the debilitating effects of catastrophic medical conditions and is committed to making a meaningful, positive impact in the communities where the company does business across the U.S.
Throughout 2023, the company and its employees provided financial support and many hours of volunteerism, and the Corporate Giving Team directed $234,000 to 51 organizations across the nation.
Aligning community support with the business, HM Insurance Group provides significant backing to nonprofit organizations that help to improve conditions that result in catastrophic medical expenses — organizations that support research, provide patient advocacy and build awareness. For example, in 2023, HM Insurance Group paid approximately $266.8 million in cancer-related claims. In the same year, the company provided support to the Leukemia and Lymphoma Society (LLS) in their work to cure blood cancers and improve the quality of life for patients by sponsoring LLS Light the Night Walks in Pittsburgh, Philadelphia, Manhattan, Buffalo and Omaha.
HM Insurance Group employees are passionate about coming together to volunteer time to support community programs. Each year, a team volunteers to set up the entire event space for the Light the Night Walk in Pittsburgh. The group assembles the lanterns that light the walk and sets up banners, tables, chairs, tents, refreshments and more.
As food prices continued to rise, employees hosted an on-site and virtual food drive for the Greater Pittsburgh Community Food Bank. In addition, the company's National Sales Conference was held in Bluffton, South Carolina, and event attendees made donations to support Bluffton Self Help and their work to improve lives through education, training and guided access to a network of community resources. Then, HM Insurance Group made a matching donation for the funds raised at the conference.
Recognizing the importance of mental health as well, HM Insurance Group supported the American Foundation for Suicide Prevention’s "Out of the Darkness Walk." For the second year, employees formed a walk team and the company served as a corporate sponsor to help fund and promote efforts to save lives and bring hope to those affected by suicide loss.
HM Insurance Group leaders discuss high claim costs and the role of stop loss coverage [podcast]
Earned annual gross revenues of about $1.2 billion
Insured more than 1,500 self-funded plans
Paid more than $825 million in claims in 2023
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Spotlight: HM Insurance Group Corporate Giving
In addition to many hours of volunteer work, HM Insurance Group donated $234,000 to 51 organizations nationwide in 2023.
DOWNLOAD OUR 2023 CORPORATE PROFILE