Hallmark Financial Services, Inc. (HALL) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
777 MAIN STREET, SUITE 1000 FORT WORTH, TX 76102 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6399 - Insurance Carriers, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 150,528 | 105,458 | 59,133 | 129,468 | 113,207 | 183,377 | |||
| Cash and cash equivalents | 150,528 | 105,458 | 59,133 | 129,468 | 113,207 | 183,377 | |||
| Total current assets: | 150,528 | 105,458 | 59,133 | 129,468 | 113,207 | 183,377 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 11,014 | 11,227 | 12,481 | 12,805 | 13,153 | 13,495 | |||
| Property, plant and equipment | 6,600 | ||||||||
| Long-term investments and receivables | 1,702 | ||||||||
| Long-term investments | 1,702 | ||||||||
| Intangible assets, net (including goodwill) | 441 | 567 | 693 | ||||||
| Intangible assets, net (excluding goodwill) | 441 | 567 | 693 | ||||||
| Deferred income tax assets | 9,412 | ||||||||
| Total noncurrent assets: | 11,014 | 11,227 | 20,783 | 13,246 | 13,720 | 23,600 | |||
| Other undisclosed assets | 1,087,806 | 1,353,580 | 1,456,786 | 1,339,292 | 1,339,076 | 1,282,886 | |||
| TOTAL ASSETS: | 1,249,348 | 1,470,265 | 1,536,702 | 1,482,006 | 1,466,003 | 1,489,863 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 49,401 | 49,377 | 49,352 | 49,328 | 49,303 | 49,279 | |||
| Long-term debt, excluding current maturities | 49,401 | 49,377 | 49,352 | 49,328 | 49,303 | 49,279 | |||
| Total noncurrent liabilities: | 49,401 | 49,377 | 49,352 | 49,328 | 49,303 | 49,279 | |||
| Other undisclosed liabilities | 1,187,562 | 1,397,353 | 1,427,056 | 1,366,910 | 1,320,328 | 1,270,748 | |||
| Total liabilities: | 1,236,963 | 1,446,730 | 1,476,408 | 1,416,238 | 1,369,631 | 1,320,027 | |||
| Equity | |||||||||
| Equity, attributable to parent | 12,385 | 23,535 | 60,294 | 65,768 | 96,372 | 169,836 | |||
| Common stock | 2,087 | 2,087 | 2,087 | 3,757 | 3,757 | 3,757 | |||
| Treasury stock, value | (24,634) | (24,634) | (24,634) | (24,634) | (24,634) | (24,583) | |||
| Additional paid in capital | 124,879 | 124,837 | 124,740 | 122,959 | 123,166 | 122,741 | |||
| Accumulated other comprehensive loss | (5,489) | (6,206) | (8,492) | (10,228) | (7,984) | (3,563) | |||
| Retained earnings (accumulated deficit) | (84,458) | (72,549) | (33,407) | (26,086) | 2,067 | 71,484 | |||
| Total equity: | 12,385 | 23,535 | 60,294 | 65,768 | 96,372 | 169,836 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,249,348 | 1,470,265 | 1,536,702 | 1,482,006 | 1,466,003 | 1,489,863 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 41,910 | 39,831 | 42,305 | 38,232 | 80,514 | 85,672 | ||
| Premiums earned, net | 36,847 | 35,280 | 35,192 | 36,380 | 80,113 | 82,476 | ||
| Net investment income | 4,019 | 4,342 | 10,554 | 937 | 980 | 983 | ||
| Cost of revenue (Policyholder Benefits and Claims Incurred, Net) | (36,752) | (29,764) | (48,002) | (49,141) | (111,933) | (64,024) | ||
| Gross profit: | 5,158 | 10,067 | (5,697) | (10,909) | (31,419) | 21,648 | ||
| Operating expenses | (21,138) | (47,949) | (19,925) | (17,823) | (24,765) | (24,377) | ||
| Operating loss: | (15,980) | (37,882) | (25,622) | (28,732) | (56,184) | (2,729) | ||
| Interest and debt expense | (1,938) | (1,898) | (1,744) | (1,528) | (1,366) | (1,264) | ||
| Loss from continuing operations before equity method investments, income taxes: | (17,918) | (39,780) | (27,366) | (30,260) | (57,550) | (3,993) | ||
| Other undisclosed loss from continuing operations before income taxes | (4) | (126) | ||||||
| Loss from continuing operations before income taxes: | (17,918) | (39,780) | (27,370) | (30,260) | (57,550) | (4,119) | ||
| Income tax expense (benefit) | 133 | 534 | (2,614) | 1,007 | (11,867) | 900 | ||
| Loss from continuing operations: | (17,785) | (39,246) | (29,984) | (29,253) | (69,417) | (3,219) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (28,153) | (69,417) | (3,219) | |
| Income (loss) from discontinued operations | 5,876 | 104 | 22,663 | 1,100 | ||||
| Net loss available to common stockholders, diluted: | (11,909) | (39,142) | (7,321) | (28,153) | (69,417) | (3,219) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (11,909) | (39,142) | (7,321) | (28,153) | (69,417) | (3,219) | ||
| Other comprehensive income (loss) | 717 | 2,286 | 1,736 | (2,244) | (4,421) | (2,528) | ||
| Comprehensive loss, net of tax, attributable to parent: | (11,192) | (36,856) | (5,585) | (30,397) | (73,838) | (5,747) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.