Company research
HALLMARK FINANCIAL SERVICES INC
CIK 819913Updated Sep 26, 2026
SecurityHALLQ · OTC · equity
HALLQ price & chart
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Recent filings
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Financials
FY 2022 · USDSource
Source
Source
balance sheet · annual statements
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 1,536,702,000Source | 1,553,598,000Source | 1,485,533,000Source | 1,495,274,000Source |
| Property, Plant and Equipment | — | — | — | — |
| GoodwillUSD | 0Source | 0Source | 0Source | 44,695,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | — | 819,000Source | 1,322,000Source | 5,087,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 59,133,000Source | 352,867,000Source | 102,580,000Source | 53,336,000Source |
| Operating Lease, Right-of-Use AssetUSD | 12,481,000Source | 13,211,000Source | 13,986,000Source | 16,044,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 1,476,408,000Source | 1,378,077,000Source | 1,314,611,000Source | 1,231,992,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 2,087,000Source | 3,757,000Source | 3,757,000Source | 3,757,000Source |
| Retained Earnings (Accumulated Deficit)USD | -33,407,000Source | 74,703,000Source | 68,915,000Source | 160,570,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -8,492,000Source | -1,035,000Source | 383,000Source | 688,000Source |
| Stockholders' Equity Attributable to ParentUSD | 60,294,000Source | 175,521,000Source | 170,922,000Source | 263,282,000Source |
| Additional Paid in Capital, Common StockUSD | 124,740,000Source | 122,844,000Source | 122,893,000Source | 123,468,000Source |
| Liabilities and EquityUSD | 1,536,702,000Source | 1,553,598,000Source | 1,485,533,000Source | 1,495,274,000Source |
| Additional Financial Items | ||||
| Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after TaxUSD | -3,272,000Source | -3,253,000Source | -4,672,000Source | -4,010,000Source |
cash flow · annual statements
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -108,110,000Source | 9,004,000Source | -91,655,000Source | -625,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 340,000Source | 229,000Source | -400,000Source | 887,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 5,425,000Source | 947,000Source | 1,681,000Source | 2,667,000Source |
| Deferred Income Tax Expense (Benefit)USD | 10,889,000Source | 194,000Source | -6,513,000Source | 817,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -164,957,000Source | 43,768,000Source | -69,327,000Source | 27,670,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -103,101,000Source | 204,601,000Source | 122,687,000Source | -32,354,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 2,358,000Source | 1,910,000Source | 1,667,000Source | 4,188,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | — | — | — | 1,380,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | 19,161,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 88,619,000Source | 356,677,000Source | 108,308,000Source | 54,948,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 3,208,000Source | 3,181,000Source | 4,860,000Source | 4,289,000Source |
| Income Taxes Paid, NetUSD | 15,527,000Source | -4,177,000Source | 653,000Source | 7,775,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 25,000Source | 504,000Source | 2,468,000Source | 2,468,000Source |
| Debt and Equity Securities, Gain (Loss)USD | -5,290,000Source | 10,222,000Source | -22,894,000Source | 20,618,000Source |
| Debt and Equity Securities, Realized Gain (Loss)USD | 3,144,000Source | 6,046,000Source | 2,125,000Source | 4,464,000Source |
| Debt Securities, Available-for-sale, Realized Gain (Loss)USD | — | — | 0Source | — |
| Deferred Policy Acquisition Costs, Amortization ExpenseUSD | 41,200,000Source | 107,100,000Source | 165,600,000Source | 141,000,000Source |
| DepreciationUSD | 2,000,000Source | 2,900,000Source | 3,300,000Source | 3,000,000Source |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | 2,931,000Source | — | — | — |
| Equity Securities, FV-NI, Unrealized Gain (Loss)USD | -8,434,000Source | — | — | — |
| Gain (Loss) on InvestmentsUSD | -5,290,000Source | 10,222,000Source | -22,894,000Source | 20,618,000Source |
| GoodwillUSD | 0Source | 0Source | 0Source | 44,695,000Source |
| Goodwill and Intangible Asset ImpairmentUSD | — | — | 45,996,000Source | — |
| Goodwill, Impairment LossUSD | — | — | — | 0Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -134,927,000Source | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 26,817,000Source | — | — | — |
| Income Tax Expense (Benefit)USD | 7,856,000Source | 2,491,000Source | -22,507,000Source | -407,000Source |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred ClaimsUSD | 323,499,000Source | 275,244,000Source | 412,851,000Source | 362,165,000Source |
| Payments to Acquire InvestmentsUSD | 317,733,000Source | 132,461,000Source | 285,507,000Source | 259,769,000Source |
| Proceeds from Stock Options ExercisedUSD | — | — | — | 1,520,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 2,200,000Source | 6,100,000Source | 7,200,000Source | 8,700,000Source |
income statement · annual statements
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Total RevenueUSD | 159,918,000Source | 404,703,000Source | 478,745,000Source | 486,371,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -127,071,000Source | 11,495,000Source | — | — |
| Income Tax Expense (Benefit)USD | 7,856,000Source | 2,491,000Source | -22,507,000Source | -407,000Source |
| Earnings Per Share, BasicUSD per share | -59.47Source | 0.5Source | -5.05Source | -0.03Source |
| Earnings Per Share, DilutedUSD per share | -59.47Source | 0.5Source | -5.05Source | -0.03Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 1,818,000Source | 18,164,000Source | 18,137,000Source | 18,107,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 1,818,000Source | 18,164,000Source | 18,137,000Source | 18,107,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 25,000Source | 504,000Source | 2,468,000Source | 2,468,000Source |
| Benefits, Losses and ExpensesUSD | 286,989,000Source | 393,208,000Source | 592,907,000Source | 487,403,000Source |
| Current Income Tax Expense (Benefit)USD | 22,000Source | 2,297,000Source | -15,994,000Source | -1,224,000Source |
| Debt and Equity Securities, Gain (Loss)USD | -5,290,000Source | 10,222,000Source | -22,894,000Source | 20,618,000Source |
| Debt and Equity Securities, Realized Gain (Loss)USD | 3,144,000Source | 6,046,000Source | 2,125,000Source | 4,464,000Source |
| Deferred Policy Acquisition Costs, Amortization ExpenseUSD | 41,200,000Source | 107,100,000Source | 165,600,000Source | 141,000,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 2,021,000Source | 3,430,000Source | 5,754,000Source | 5,365,000Source |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | 2,931,000Source | — | — | — |
| Gain (Loss) on InvestmentsUSD | -5,290,000Source | 10,222,000Source | -22,894,000Source | 20,618,000Source |
| Goodwill, Impairment LossUSD | — | — | — | 0Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -134,927,000Source | — | — | — |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | -74.22Source | — | — | — |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | -74.22Source | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 26,817,000Source | — | — | — |
| Interest ExpenseUSD | 5,902,000Source | 4,993,000Source | 5,326,000Source | 5,410,000Source |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred ClaimsUSD | 323,499,000Source | 275,244,000Source | 412,851,000Source | 362,165,000Source |
| Net Investment IncomeUSD | 13,454,000Source | 9,715,000Source | 12,920,000Source | 20,604,000Source |
| Other Cost and Expense, OperatingUSD | 71,892,000Source | 112,467,000Source | 126,266,000Source | 117,360,000Source |
| Other IncomeUSD | 53,000Source | 63,000Source | 60,000Source | 56,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 2,200,000Source | 6,100,000Source | 7,200,000Source | 8,700,000Source |