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
HQFort Worth, US
Founded1990
Size (employees)420 (est)
Websitehallmarkgrp.com
Hallmark Financial Services was founded in 1990 and is headquartered in Fort Worth, US
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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)
1000 777 Main St
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Hallmark Financial Services Financials and Metrics

Hallmark Financial Services Revenue

Hallmark Financial Services's revenue was reported to be $385.52 m in FY, 2017
USD

Revenue (Q2, 2018)

191.5 m

Net income (Q2, 2018)

5.7 m

Market capitalization (18-Sep-2018)

189.6 m

Closing stock price (18-Sep-2018)

10.5

Cash (30-Jun-2018)

79.6 m
Hallmark Financial Services's current market capitalization is $189.6 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

389.4 m337.4 m372.4 m376 m385.5 m

Revenue growth, %

(13%)10%1%

Operating expense total

402.1 m

Depreciation and amortization

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

Revenue

108.6 m87.1 m80.8 m81.4 m91.5 m97.2 m93.7 m90 m91.1 m97.6 m96.9 m93.5 m97.7 m93.3 m191.5 m

Operating expense total

99.1 m80.7 m78.8 m76.7 m83.8 m87.9 m83.8 m84 m89.6 m90.4 m91.1 m98.4 m99.2 m92.5 m184.3 m

Depreciation and amortization

617 k1.2 m

Interest expense

1.2 m1.2 m1.1 m1.1 m1.1 m1.1 m769 k1.1 m1.1 m1.1 m1.2 m1.2 m1.2 m1 m2.2 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

141.7 m131 m114.4 m79.6 m65 m

Accounts Receivable

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

Inventories

654.1 m661.3 m

Goodwill

44.7 m44.7 m44.7 m44.7 m44.7 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

151.7 m153.3 m156.4 m160 m130.5 m116.6 m93 m87.5 m91.9 m69.9 m83 m77.4 m89.8 m55.1 m79.6 m

Accounts Receivable

3.2 m3.3 m3.2 m2.8 m1.8 m2.1 m2.2 m2.4 m2 m2.1 m1.7 m1.8 m1.9 m1.8 m2.1 m

Inventories

442.6 m465.5 m479.7 m465.9 m532.5 m550.7 m567.4 m614.1 m618.7 m649.6 m663 m669 m652.1 m629.8 m

Goodwill

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

Net Income

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

Depreciation and Amortization

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

Inventories

Accounts Payable

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

Net Income

4.8 m4.5 m6.2 m9.7 m5.3 m11.7 m18.4 m4.1 m5.1 m10.2 m4 m636 k(1.6 m)647 k5.7 m

Depreciation and Amortization

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

Cash From Operating Activities

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

Purchases of PP&E

(920 k)(98 k)(576 k)(809 k)(456 k)(2.1 m)(2.6 m)(225 k)(690 k)(3.7 m)(712 k)(1.2 m)(570 k)(1.1 m)
USDY, 2018

Financial Leverage

4.9 x
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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

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Hallmark Financial Services Company Life and Culture

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