Hawaii Captives Grow to 272 in 2024, Led by Construction and Real Estate

The number of captive insurance companies in Hawaii rose to 272 at the end of 2024, up from 263 in 2023, the Hawaii Department of Commerce and Consumer Affairs, Insurance Division—Captive Branch, reported in a recently released fact sheet.

Of those 272 captives, 225 captive owners were in the United States, including 176 in western states, 27 in central states, and 22 in eastern states.

Of the remaining 47 captives, 46 captive owners were in the Asia-Pacific region, and 1 was in Europe.

By industry group, the largest number of captive owners—77—were in the construction and real estate field.

Other industry groups operating in Hawaii captives included telecommunications and manufacturing with 54 captives, financial services with 40 captives, transportation and energy with 37 captives, retail and other services with 33, and health care with 31.