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Hallmark Financial Services is an insurance holding company which markets, distributes, underwrites and services its property/casualty insurance products to businesses and individuals. The Company's business involves marketing, distributing, underwriting and servicing insurance products, as well as providing other insurance related services. Its segments include Standard Commercial Segment, Specialty Commercial Segment and Personal Segment. Hallmark reinsures a portion of the risk it underwrites in order to control the exposure to losses and to protect capital resources.

TypePublic
Founded1990
HQFort Worth, US
Websitehallmarkgrp.com
Employee Ratings5

Latest Updates

Employees (est.) (Feb 2019)418
Revenue (FY, 2018)$379.3 M(-1%)
Share Price (Mar 2019)$10.2

Key People/Management at Hallmark Financial Services

Naveen Anand

Naveen Anand

President & Chief Executive Officer
Jeffrey R. Passmore

Jeffrey R. Passmore

Senior Vice President & Chief Accounting Officer
Michael P. Binns

Michael P. Binns

President of Specialty Personal Lines
Gerald A. Dupre

Gerald A. Dupre

President of Specialty Property
Robert Collins

Robert Collins

President of Standard Commercial P&C
Ken Krissinger

Ken Krissinger

Senior Vice President & Chief Actuary
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Hallmark Financial Services Office Locations

Hallmark Financial Services has an office in Fort Worth
Fort Worth, US (HQ)
777 Main St #1000
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Hallmark Financial Services Financials and Metrics

Hallmark Financial Services Revenue

Hallmark Financial Services's revenue was reported to be $379.27 m in FY, 2018
USD

Revenue (FY, 2018)

379.3m

Net income (FY, 2018)

10.3m

Market capitalization (18-Mar-2019)

185.2m

Closing stock price (18-Mar-2019)

10.2

Cash (31-Dec-2018)

35.6m
Hallmark Financial Services's current market capitalization is $185.2 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

389.4m337.4m372.4m376.0m385.5m379.3m

Revenue growth, %

(13%)10%1%

Operating expense total

378.3m340.5m367.5m402.1m366.5m

Depreciation and amortization

3.1m2.5m2.5m2.5m2.5m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

108.6m87.1m80.8m81.4m91.5m97.2m93.7m90.0m91.1m97.6m96.9m93.5m97.7m93.3m98.1m102.9m

Operating expense total

99.1m80.7m78.8m76.7m83.8m87.9m83.8m84.0m89.6m90.4m91.1m98.4m99.2m92.5m91.8m90.9m

Depreciation and amortization

694.0k639.0k639.0k631.0k617.0k617.0k617.0k617.0k617.0k617.0k617.0k617.0k617.0k617.0k617.0k

Interest expense

1.2m1.2m1.1m1.1m1.1m1.1m769.0k1.1m1.1m1.1m1.2m1.2m1.2m1.0m1.1m1.2m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

141.7m131.0m114.4m79.6m65.0m35.6m

Accounts Receivable

2.4m3.1m2.0m2.3m1.5m1.6m

Inventories

461.3m578.8m654.1m661.3m627.9m

Goodwill

44.7m44.7m44.7m44.7m44.7m44.7m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

8.2m13.4m21.9m6.5m(11.6m)10.3m

Depreciation and Amortization

4.3m3.2m3.5m3.9m4.7m5.1m

Inventories

Accounts Payable

Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

4.8m4.5m6.2m9.7m5.3m11.7m18.4m4.1m5.1m10.2m4.0m636.0k(924.0k)647.0k5.7m15.4m

Depreciation and Amortization

3.7m844.0k2.0m2.8m1.1m1.4m2.3m948.0k1.9m2.9m1.1m2.3m3.5m1.2m2.5m3.8m

Cash From Operating Activities

53.5m5.1m19.6m21.7m3.7m32.9m43.1m(1.3m)2.3m25.5m8.8m12.4m34.3m(19.2m)(9.9m)(19.0m)

Purchases of PP&E

(920.0k)(98.0k)(576.0k)(809.0k)(456.0k)(2.1m)(2.6m)(225.0k)(690.0k)(3.7m)(712.0k)(1.2m)(1.6m)(570.0k)(1.1m)(1.5m)
USDY, 2018

Revenue/Employee

905.2k
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Hallmark Financial Services Operating Metrics

Hallmark Financial Services's Reported Claims, units was reported to be 34.1 k in FY, 2016.
FY, 2014FY, 2015FY, 2016

Independent Agents (MGA Commercial Products)

162 110 63

Independent Agents (Specialty Personal Lines)

3.30 k3.70 k3.49 k

Independent Agents (Standard Commercial)

330

Reported Claims, units

32.86 k37.07 k34.11 k
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Hallmark Financial Services Revenue Breakdown

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Hallmark Financial Services revenue breakdown by business segment: 13.2% from Personal Segment, 19.1% from Standard Commercial Segment and 67.8% from Specialty Commercial Segment

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Hallmark Financial Services Online and Social Media Presence

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Hallmark Financial Services News and Updates

Aerospace Insurance Market By Top Leading Players Allianz Global Corporate & Specialty, American International Group, Marsh, Global Aerospace, Old Republic Aerospace, Hallmark Financial Services, Gallagher, Hiscox, Wells Fargo and Avion Insurance

The aerospace insurance market is experiencing a high demand due to an increasing number of airports. The aerospace insurance vendors are focusing on introducing new policies in order to attract more customers. Increasing number of airports and passengers, low claims and increasing concerns about th…
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Hallmark Financial Services Frequently Asked Questions

  • When was Hallmark Financial Services founded?

    Hallmark Financial Services was founded in 1990.

  • Who are Hallmark Financial Services key executives?

    Hallmark Financial Services's key executives are Naveen Anand, Jeffrey R. Passmore and Michael P. Binns.

  • How many employees does Hallmark Financial Services have?

    Hallmark Financial Services has 418 employees.

  • What is Hallmark Financial Services revenue?

    Latest Hallmark Financial Services annual revenue is $379.3 m.

  • What is Hallmark Financial Services revenue per employee?

    Latest Hallmark Financial Services revenue per employee is $907.3 k.

  • Who are Hallmark Financial Services competitors?

    Competitors of Hallmark Financial Services include Conifer Holdings, Ambac and Genworth Financial.

  • Where is Hallmark Financial Services headquarters?

    Hallmark Financial Services headquarters is located at 777 Main St #1000, Fort Worth.

  • Where are Hallmark Financial Services offices?

    Hallmark Financial Services has an office in Fort Worth.

  • How many offices does Hallmark Financial Services have?

    Hallmark Financial Services has 1 office.