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Hallmark Financial: Q2 Earnings Snapshot
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Hallmark Announces Second Quarter 2021 Results
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Hallmark Financial Services : FIRST AMENDMENT TO OFFICE LEASE (Form 8-K)
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DALLAS Hallmark Financial Services Inc. (HALL) on Thursday reported first-quarter net income of $9.3 million, after reporting a loss in the same period a year earlier.
The Dallas-based company said it had net income of 52 cents per share. Earnings, adjusted for investment gains, were 27 cents per share.
The property and casualty insurance company posted revenue of $114.4 million in the period. Its adjusted revenue was $107.5 million.
In the final minutes of trading on Thursday, the company’s shares hit $3.60. A year ago, they were trading at $2.80.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HALL at https://www.zacks.com/ap/HALL
Hallmark Announces First Quarter 2021 Results Hallmark Financial Services, Inc. Fort Worth, Texas, UNITED STATES
DALLAS, May 13, 2021 (GLOBE NEWSWIRE) Hallmark Financial Services, Inc. (“Hallmark”) (NASDAQ: HALL) today announced financial results for the first quarter ended March 31, 2021.
Highlights:
Net income of $9.3 million, or $0.52 per share, in the first quarter of 2021 as compared to net loss of $64.3 million, or $3.55 per share, for the same period of 2020.
Net combined ratio of 96.1% for the first quarter of 2021 improved from 97.6% for the same period the prior year.
Substantial rate increases achieved, particularly in the Specialty Commercial Segment, with increases for this business averaging 13% for the quarter.