---
schema_version: "secwatch.filing_event.v1"
accession: "0000354707-25-000008"
form_type: "8-K"
ticker: "HE"
cik: "0000354707"
company_name: "HAWAIIAN ELECTRIC INDUSTRIES INC"
filed_at: "2025-02-21T23:59:59+00:00"
generated_at: "2026-05-26T07:33:00.382577+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# HEI Reports 2024 Net Loss of $1,426M; Hawaii Supreme Court Clarifies Wildfire Settlement

## Summary
- Full year 2024 net loss of $1,426 million ($11.23 per share) vs net income of $199 million in 2023.
- Hawaii Supreme Court on Feb 10, 2025 ruled insurers cannot separately sue defendants beyond settlement amount.
- Sale of 90.1% of American Savings Bank closed on Dec 31, 2024, simplifying strategy and reducing debt.
- Hawaiian Electric achieved 36% renewable portfolio standard in 2024, on track for 40% by 2030.
- Utility returned $18 million in bill credits; typical residential bill decreased 7% in 2024.

## SEC filing metadata
- accession: 0000354707-25-000008
- form_type: 8-K
- ticker: HE
- cik: 0000354707
- company_name: HAWAIIAN ELECTRIC INDUSTRIES INC
- filed_at: 2025-02-21T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354707/000035470725000008/0000354707-25-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/46207/000035470725000008/he-20250221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000354707-25-000008
- JSON: https://secwatch.observer/filing/0000354707-25-000008.json
- Plain text: https://secwatch.observer/filing/0000354707-25-000008.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.