World financial news

The Hawaii Medical Assurance Association reported a $55,046 profit in the third quarter of 2009, compared to a $2.3 million profit during the same period last year.

The state’s fourth-largest health insurer said it collected $23.4 million in premium revenues during the third quarter, down from the $28 million it collected during the same period in 2008.

The health plan spent $20.8 million on hospital, medical and administrative expenses, up slightly from the $18.8 million it spent during the same period last year guaranteed online payday loans.

Investment income totaled $97,867 for the quarter, compared to an investment loss of $217,990 in the third quarter of 2008.

The health plan’s reserves totaled $19.3 million, up slightly from $19.2 last year.

HMAA has 25,923 members, down from 29,719 members during the same period in 2008.

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