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Mar 31, 2020
Hallmark Financial Q1 2020 Earnings Report
Hallmark Financial's financial performance declined in Q1 2020 due to impairment of goodwill and net investment losses.
Key Takeaways
Hallmark Financial reported a net loss of $64.3 million for the first quarter of 2020, compared to a net income of $15.0 million for the same period in 2019. The decline was primarily driven by the impairment of goodwill and other intangible assets, as well as net investment losses.
Gross premiums written increased by 8% to $201.6 million.
Net premiums written increased by 8% to $126.5 million.
Net premiums earned increased by 25% to $123.9 million.
Net loss was $64.3 million, or $3.55 per share, compared to net income of $15.0 million, or $0.83 per share, in the same period last year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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