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Hallmark Financial Services, Inc - HALL STOCK NEWS

Welcome to our dedicated news page for Hallmark Financial Services (Ticker: HALL), a resource for investors and traders seeking the latest updates and insights on Hallmark Financial Services.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Hallmark Financial Services's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Hallmark Financial Services's position in the market.

Rhea-AI Summary
Hallmark Financial Services, Inc. (NASDAQ: HALL) to Voluntarily Delist Shares from Nasdaq Global Market
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End-of-Day
-20.71%
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Rhea-AI Summary
Hallmark Financial Services, Inc. (NASDAQ: HALL) announced its financial results for the third quarter and nine months ended September 30, 2023. The company reported a net loss of $21.5 million in the third quarter, with a net loss of $72.6 million year-to-date. The net combined ratio for the three months ended September 30, 2023, was 150.1%, an improvement from 177.1% for the same period in 2022. The company also disclosed actions taken to address profitability and volatility in its Commercial Accounts business unit.
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-4.41%
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earnings
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-12.97%
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earnings
Rhea-AI Summary
Hallmark Financial Services, Inc. received a final determination in an arbitration proceeding, resulting in a total aggregate write-off of $36.9 million. This includes a write-off of $4.0 million during Q2 2023 and $32.9 million recognized during Q1 2023. Hallmark had previously included the $4.0 million amount as an account receivable in its balance sheet.
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-1.93%
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Rhea-AI Summary
Hallmark Financial Services, Inc. (NASDAQ: HALL) reported a net loss of $39.1 million in Q1 2023, compared to a net loss of $3.2 million in Q1 2022. The net combined ratio was 215.7% for Q1 2023, compared to 136.9% for the same period last year. The company recognized a write-off to bad debt expense of $32.9 million related to a dispute with reinsurers.
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-13.12%
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-23.04%
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partnership
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-24.51%
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-25%
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-18.05%
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-18.05%
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Hallmark Financial Services, Inc

Nasdaq:HALL

HALL Rankings

HALL Stock Data

1.49M
1.19M
14.13%
26.96%
0.65%
Other Direct Insurance (except Life, Health, and Medical) Carriers
Finance and Insurance
Link
US
Fort Worth

About HALL

hallmark financial services, inc. is an insurance holding company which, through its subsidiaries, engages in the sale of property/casualty insurance products to businesses and individuals. hallmark's business involves marketing, distributing, underwriting and servicing commercial and personal lines of property/casualty insurance products, as well as providing other insurance related services. hallmark is headquartered in fort worth, texas and its common stock is listed on nasdaq under the symbol "hall."