Hallmark Financial Services, Inc. underwrites, markets, distributes, and services property/casualty insurance products to businesses and individuals in the United States. It operates through Specialty Commercial, Standard Commercial, and Personal segments. The Specialty Commercial segment provides primary and excess commercial vehicle insurance products and services; primary and excess liability, excess public entity liability, and E&S package and garage liability insurance products and services; primary and excess commercial property insurance for catastrophe and non-catastrophe exposures; healthcare and financial lines professional liability insurance products and services primarily for businesses, medical professionals, medical facilities, and senior care facilities; and satellite launch property/casualty insurance products and services, as well as various specialty programs. The Standard Commercial segment offers package and monoline property/casualty insurance products and services. The Personal segment provides non-standard personal automobile and renters insurance products and services. The company markets its insurance products through independent general agents, retail agents, and specialty brokers. Hallmark Financial Services, Inc. was founded in 1987 and is headquartered in Dallas, Texas.
IPO Year:
Exchange: NASDAQ
Website: hallmarkgrp.com
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S-8 POS - HALLMARK FINANCIAL SERVICES INC (0000819913) (Filer)
S-8 POS - HALLMARK FINANCIAL SERVICES INC (0000819913) (Filer)
S-8 POS - HALLMARK FINANCIAL SERVICES INC (0000819913) (Filer)
8-K - HALLMARK FINANCIAL SERVICES INC (0000819913) (Filer)
8-K - HALLMARK FINANCIAL SERVICES INC (0000819913) (Filer)
8-K - HALLMARK FINANCIAL SERVICES INC (0000819913) (Filer)
8-K - HALLMARK FINANCIAL SERVICES INC (0000819913) (Filer)
8-K - HALLMARK FINANCIAL SERVICES INC (0000819913) (Filer)
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DALLAS, Dec. 26, 2023 (GLOBE NEWSWIRE) -- On December 26, 2023, Hallmark Financial Services, Inc. provided notice to the Nasdaq Stock Market LLC of its intention to voluntarily delist its shares of common stock from the Nasdaq Global Market. Trading of the Company's common stock will be suspended at the open of business on January 5, 2024. The Company intends to file a Form 25 with the SEC on or about January 5, 2024, with the delisting of its common stock taking effect no earlier than ten days thereafter. The Company's decision to voluntary delist its shares was based on the Company's failure to meet two of the requirements for continued listing on the exchange and the lack of a viable pl
DALLAS, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. ("Hallmark") (NASDAQ:HALL) today filed its Form 10-Q and announced financial results for the third quarter and nine months ended September 30, 2023. Third Quarter Year-to-Date 20232022 20232022$ in millions: Net loss from continuing operations$(16.7)$(29.2) $(73.7)$(104.9)Net (loss) income from discontinued operations$(4.8)$1.1 $1.1 $4.2 Net loss$(21.5)$(28.1) $(72.6)$(100.7)Operating loss from continuing operations(1)$(11.7)$(20.6) $(29.1)$(69.2) $ per diluted share (2): Net loss from continuing operations$(9.16)$(16.08) $(40.53)$(57.72)Net (loss) income from discontinued operations$(2.67)$0.60 $0
DALLAS, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. ("Hallmark") (NASDAQ:HALL) today filed its Form 10-Q and announced financial results for the second quarter and six months ended June 30, 2023. Second Quarter Year-to-Date 2023 2022 2023 2022 $ in millions: Net loss from continuing operations$(17.8)$(67.0) $(57.0)$(78.7)Net income (loss) from discontinued operations$5.9 $(2.4) $6.0 $6.1 Net loss$(11.9)$(69.4) $(51.0)$(72.6)Operating loss (1)$(12.4)$(63.9) $(17.4)$(75.6) $ per diluted share (2): Net loss from continuing operations$(9.78)$(36.85) $(31.37)$(43.30)Net income (loss) from discontinued operations$3.23 $(1.31) $3.29 $3.35 Net loss$(6.55)$(
DALLAS, June 05, 2023 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. ("Hallmark") (NASDAQ:HALL) received the final determination in an arbitration proceeding relating to a Loss Portfolio Transfer Reinsurance Contract with DARAG Bermuda Ltd. and DARAG Insurance Limited and certain of Hallmark's subsidiaries. On June 2, 2023, a final definitive binding award was declared by the arbitration panel which will result in a write-off to Hallmark of $4.0 million during the second quarter of 2023 in addition to a write-off of $32.9 million recognized during the first quarter of 2023 as a result of the interim binding arbitration award, yielding a total aggregate write-off of $36.9 million. Ha
AM Best has withdrawn the Long-Term Issuer Credit Rating (Long-Term ICR) of "ccc-" (Weak) and associated Long-Term Issue Ratings (Long-Term IR) of Hallmark Financial Services, Inc. (Hallmark Financial) (NASDAQ:HALL). Concurrently, AM Best has withdrawn the Financial Strength Rating (FSR) of C++ (Marginal) and the Long-Term ICRs of "b+" (Marginal) of the members of Hallmark Insurance Group. At the time of the withdrawal, all Credit Ratings (ratings) were under review with negative implications. These companies are headquartered in Dallas, TX, and collectively referred to as Hallmark. (See below for a detailed listing of the companies and ratings.) AM Best has withdrawn these ratings as the
DALLAS, May 15, 2023 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. ("Hallmark") (NASDAQ:HALL) today filed its Form 10-Q and announced financial results for the first quarter ended March 31, 2023. First Quarter 2023 2022 $ in millions: Net loss from continuing operations$(39.2)$(11.7)Net income from discontinued operations$0.1 $8.5 Net loss$(39.1)$(3.2)Operating loss (1)$(5.0)$(11.7) $ per diluted share (2): Net loss from continuing operations$(21.59)$(6.43)Net income from discontinued operations$0.06 $4.66 Net loss$(21.53)$(1.77)Operating loss (1)$(2.74)$(6.45) (1) See "Non-GAAP Financial Measures" below(2) Per share amounts have been restated to reflect one-for-ten rever
AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to "ccc-" (Weak) from "bb" (Fair) and associated Long-Term Issue Ratings (Long-Term IRs) of Hallmark Financial Services, Inc. (Hallmark Financial) (NASDAQ:HALL). Concurrently, AM Best has downgraded the Financial Strength Rating (FSR) to C++ (Marginal) from B++ (Good) and the Long-Term ICRs to "b+" (Marginal) from "bbb" (Good) of the members of Hallmark Insurance Group. In addition, AM Best has maintained the under review with negative implications status of all Credit Ratings (ratings). These companies' operations are headquartered in Dallas, TX, and collectively referred to as Hallmark. See below for a detailed list
DALLAS, May 05, 2023 (GLOBE NEWSWIRE) -- AM Best announced today that it has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to "bb" (Fair) from "bbb-" (Good) and the associated Long-Term Issue Ratings (Long-Term IRs) of Hallmark Financial Services, Inc. (Hallmark) (NASDAQ:HALL). Concurrently, AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term ICRs to "bbb" (Good) from "a-" (Excellent) of the members of Hallmark Insurance Group. In addition, AM Best has maintained the under review with negative implications status of all Credit Ratings (ratings). As previously disclosed in Hallmark's public filings, certain of Hallm
AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to "bb" (Fair) from "bbb-" (Good) and associated Long-Term Issue Ratings (Long-Term IRs) of Hallmark Financial Services, Inc. (Hallmark Financial) (NASDAQ:HALL). Concurrently, AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term ICRs to "bbb" (Good) from "a-" (Excellent) of the members of Hallmark Insurance Group. In addition, AM Best has maintained the under review with negative implications status of all Credit Ratings (ratings). These companies' operations are headquartered in Dallas, TX, and collectively referred to as Hallmark. See below for a detailed lis
DALLAS, March 28, 2023 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. ("Hallmark") (NASDAQ:HALL) today filed its Form 10-K and announced financial results for the fourth quarter and fiscal year ended December 31, 2022. Fourth Quarter Year-to-Date 20222021 20222021$ in millions: Net loss from continuing operations$(30.0)$(5.9) $(134.9)$(9.8)Net income from discontinued operations$22.7 $3.3 $26.8 $18.8 Net (loss) income$(7.3)$(2.6) $(108.1)$9.0 Operating loss (1)$(30.3)$(6.8) $(99.6)$(17.9) $ per diluted share (2): Net loss from continuing operations$(16.48)$(3.26) $(74.22)$(5.38)Net income from discontinued operations$12.46 $1.84 $14.75 $10.34 Net (loss) income$(4.02)
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4/A - HALLMARK FINANCIAL SERVICES INC (0000819913) (Reporting)
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4/A - HALLMARK FINANCIAL SERVICES INC (0000819913) (Issuer)
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4 - HALLMARK FINANCIAL SERVICES INC (0000819913) (Issuer)
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DALLAS, May 12, 2022 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. ("Hallmark") (NASDAQ:HALL) today announced financial results for the first quarter ended March 31, 2022. First Quarter 2022 2021$ in millions: Net (Loss) Income$(3.2)$9.0 Operating (Loss) Income (1)$(3.3)$4.4 $ per diluted share: Net (Loss) Income$(0.18)$0.49 Operating (Loss) Income (1)$(0.18)$0.24 (1) See "Non-GAAP Financial Measures" below Highlights: Net loss of $3.2 million, or $0.18 per share, in the first quarter of 2022 as compared to net income of $9.0 million, or $0.49 per share, for the same period of 2021.Net combined ratio of 106.0% for the first quarter of 2022 declined from 95.4% fo
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Live Leadership Updates
Player's Health, a data-driven insurance and risk management platform that serves the sport and fitness markets, is proud to announce the hiring of a new President of Insurance, Naveen Anand. Mr. Anand has over 30 years' experience in the North American property and casualty insurance market, with leadership roles at Chubb, CNA, Torus, and Hallmark Financial Services. He will be in charge of insurance strategy and growth for Player's Health, an insurtech start-up. He will also join their board of directors. Player's Health uses cutting-edge technology, unique data insights, and risk management, along with a comprehensive suite of insurance products to offer protection to amateur athletes,