Hallmark Financial Services

Hallmark Financial Services, Inc. is a holding company, which engages in the provision of insurance products. It operates through the following segments: Specialty Commercial, Standard Commercial, and Personal. The Specialty Commercial segment includes the commercial auto, excess and surplus (E&S) casualty, E&S property, professional liability, and aerospace and programs business units. The Standard commercial segment consists of package and monoline property/casualty and occupational accident insurance products and services, as well as the runoff of workers compensation insurance products. The Personal segment deals with non-standard personal automobile and renters insurance products and services. The company was founded in 1987 and is headquartered in Dallas, TX.

Earnings data Q1 2020

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Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q1 2024

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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 plan to remediate both such deficiencies within their established grace periods.

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

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.

Hallmark Announces Third Quarter Results

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.

Hallmark Announces Second Quarter Results

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. Hallmark had previously included this $4.0 million amount as an account receivable in its consolidated balance sheet as of March 31, 2023 and had estimated a write-off in the range of $25 to $35 million.

Hallmark Announces Final Arbitration Award

Hallmark (HALL) Q1 results reflect a decline in the top line and higher expenses weighed on quarterly results.

Hallmark (HALL) Q1 Loss Narrower Than Expected, Revenues Miss

Hallmark Financial (HALL) came out with a quarterly loss of $2.74 per share versus the Zacks Consensus Estimate of a loss of $4.05. This compares to loss of $1.80 per share a year ago.

Hallmark Financial (HALL) Reports Q1 Loss, Misses Revenue Estimates

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--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 re.

AM Best Withdraws Credit Ratings of Hallmark Financial Services, Inc. and Its Subsidiaries

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.

Hallmark Announces First Quarter Results

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--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 Bes.

AM Best Downgrades Credit Ratings of Hallmark Financial Services, Inc. and Its Subsidiaries; Maintains Under Review With Negative Implications Status

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).

Hallmark Announces AM Best Rating Changes, Interim Final Arbitration Award, and Partnership with an AM Best “A” Rated Carrier

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.

Hallmark Announces Fourth Quarter and Fiscal 2022 Results

Hallmark Financial's (HALL) Q3 results reflect a decline in the top line and higher expenses.

Hallmark (HALL) Stock Declines 24% Since Q3 Earnings Miss

Hallmark Financial (HALL) delivered earnings and revenue surprises of -494.74% and 52.54%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Hallmark Financial (HALL) Reports Q3 Loss, Lags Revenue Estimates

DALLAS, Nov. 14, 2022 (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, 2022.

Hallmark Announces Third Quarter 2022 Results

Hallmark Financial (HALL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Hallmark Financial (HALL) Q3 Earnings Expected to Decline

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has placed under review with negative implications the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb-” (Good) and the Long-Term Issue Credit Ratings (Long-Term IR) of Hallmark Financial Services, Inc. (Hallmark Financial) [NASDAQ: HALL]. Concurrently, AM Best has placed under review with negative implications the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term ICRs of “a-” (Excellent) of the members of Hallmark Insurance Group

AM Best Places Credit Ratings of Hallmark Financial Services, Inc. and Its Subsidiaries Under Review With Negative Implications

DALLAS, Texas, Oct. 07, 2022 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. (the “Company” or “Hallmark”; NASDAQ: HALL), a property and casualty insurance company, today announced the sale of its excess and surplus (“E&S”) lines operations to Core Specialty Insurance Holdings, Inc. (“Core Specialty”), a specialty property and casualty insurer, for $40.0 million cash consideration, plus an estimated $19.9 million consideration for the acquisition costs associated with certain net unearned premium reserves. The transaction is comprised of nine business units within the Company's Specialty Commercial business segment, certain related assets and liabilities, and the immediate transition to Core Specialty of approximately 200 employees who produce and support these E&S lines businesses. Core Specialty's acquisition and assumption of the E&S businesses and the related assets and liabilities will be effective as of September 30, 2022.

Hallmark Announces Sale of its Excess and Surplus Lines Operations to Core Specialty Insurance Holdings, Inc.

Hallmark Financial (HALL) Q2 results reflect lower premiums in Specialty Commercial and Personal segments though expenses declined.

Hallmark Financial (HALL) Q2 Earnings Miss, Revenues Beat

Hallmark Financial (HALL) delivered earnings and revenue surprises of -959.09% and 3.07%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Hallmark Financial (HALL) Reports Q2 Loss, Tops Revenue Estimates

DALLAS, Aug. 15, 2022 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. (“Hallmark”) (NASDAQ: HALL) today announced financial results for the second quarter and six months ended June 30, 2022.

Hallmark Announces Second Quarter 2022 Results

Hallmark Financial's (HALL) Q1 results reflect lower premiums in Specialty Commercial, Standard Commercial and Personal segments.

Hallmark Financial (HALL) Down as Q1 Earnings, Revenues Miss

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.

Hallmark Announces First Quarter 2022 Results

Shares of Hallmark Financial Services Inc. ( HALL , Financial) fell by about 9% to $3.53 on Thursday after management reported a decline in key metrics related to premiums for fourth-quarter and full fiscal 2021.

Hallmark Financial in Need of Sympathy Card After Earnings Loss

Hallmark Financial (HALL) delivered earnings and revenue surprises of -850% and 1.38%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Hallmark Financial (HALL) Reports Q4 Loss, Misses Revenue Estimates

DALLAS, March 16, 2022 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. (“Hallmark”) (NASDAQ: HALL) today announced financial results for the fourth quarter and fiscal year ended December 31, 2021.

News for Hallmark Financial Services Stock (HALL)