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Jun 30, 2021
Hallmark Financial Q2 2021 Earnings Report
Hallmark Financial reported a net loss and decreased premiums written compared to the same period last year.
Key Takeaways
Hallmark Financial Services, Inc. reported a net loss of $0.5 million for the second quarter of 2021, compared to a net income of $6.7 million for the same period in 2020. The net combined ratio was 105.7%, compared to 98.4% in the prior year. Gross premiums written decreased by 8%, and net premiums written decreased by 18%.
Net loss of $0.5 million, or $0.03 per share, compared to net income of $6.7 million, or $0.37 per share, for the same period of 2020.
Net combined ratio of 105.7% compared to 98.4% for the same period the prior year.
Specialty Commercial Segment net combined ratio of 97.2% compared to 96.9% for the same period the prior year.
Substantial rate increases achieved, particularly in the Specialty Commercial Segment, with increases averaging 12% for the quarter.
Revenue by Segment
Forward Guidance
Forward-looking statements involve risks and uncertainties including, but not limited to, continued acceptance of the Company’s products and services in the marketplace, competitive factors, interest rate trends, general economic conditions, the availability of financing, underwriting loss experience and other risks detailed from time to time in the Company’s filings with the Securities and Exchange Commission.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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