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)

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 investments150,528105,45859,133129,468113,207183,377
Cash and cash equivalents150,528105,45859,133129,468113,207183,377
Total current assets:150,528105,45859,133129,468113,207183,377
Noncurrent Assets
Operating lease, right-of-use asset11,01411,22712,48112,80513,15313,495
Property, plant and equipment   6,600   
Long-term investments and receivables   1,702   
Long-term investments   1,702   
Intangible assets, net (including goodwill)    441567693
Intangible assets, net (excluding goodwill)    441567693
Deferred income tax assets      9,412
Total noncurrent assets:11,01411,22720,78313,24613,72023,600
Other undisclosed assets1,087,8061,353,5801,456,7861,339,2921,339,0761,282,886
TOTAL ASSETS:1,249,3481,470,2651,536,7021,482,0061,466,0031,489,863
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation49,40149,37749,35249,32849,30349,279
Long-term debt, excluding current maturities49,40149,37749,35249,32849,30349,279
Total noncurrent liabilities:49,40149,37749,35249,32849,30349,279
Other undisclosed liabilities1,187,5621,397,3531,427,0561,366,9101,320,3281,270,748
Total liabilities:1,236,9631,446,7301,476,4081,416,2381,369,6311,320,027
Equity
Equity, attributable to parent12,38523,53560,29465,76896,372169,836
Common stock2,0872,0872,0873,7573,7573,757
Treasury stock, value(24,634)(24,634)(24,634)(24,634)(24,634)(24,583)
Additional paid in capital124,879124,837124,740122,959123,166122,741
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)2,06771,484
Total equity:12,38523,53560,29465,76896,372169,836
TOTAL LIABILITIES AND EQUITY:1,249,3481,470,2651,536,7021,482,0061,466,0031,489,863

Income Statement (P&L) ($ in thousands)

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
Revenues41,91039,83142,30538,23280,51485,672
Premiums earned, net36,84735,28035,19236,38080,11382,476
Net investment income4,0194,34210,554937980983
Cost of revenue
(Policyholder Benefits and Claims Incurred, Net)
(36,752)(29,764)(48,002)(49,141)(111,933)(64,024)
Gross profit:5,15810,067(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)133534(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 operations5,87610422,6631,100  
Net loss available to common stockholders, diluted:(11,909)(39,142)(7,321)(28,153)(69,417)(3,219)

Comprehensive Income ($ in thousands)

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)7172,2861,736(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.

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