Hallmark Financial Services, Inc. (HALL) financial statements (2022 and earlier)

Company profile

Business Address 777 MAIN STREET, SUITE 1000
FORT WORTH, TX 76102
State of Incorp. NV
Fiscal Year End December 31
SIC 6399 - Insurance Carriers, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments353132153366580114
Cash and cash equivalents35310353366580114
Short-term investments 2999    
Total current assets:353132153366580114
Noncurrent Assets
Operating lease, right-of-use asset131416
Property, plant and equipment89117874
Long-term investments and receivables2222222
Long-term investments2222222
Intangible assets, net (including goodwill)115052555760
Goodwill  4545454545
Intangible assets, net (excluding goodwill)1158101215
Regulated entity, other noncurrent assets   111 
Deferred income tax assets99 
Total noncurrent assets:33357862656766
Other undisclosed assets1,1681,3191,2641,1671,1011,016897
TOTAL ASSETS:1,5541,4861,4951,2651,2311,1621,077
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation494949    
Long-term debt, excluding current maturities494949    
Total noncurrent liabilities:494949    
Other undisclosed liabilities1,3291,2651,1831,009980897815
Total liabilities:1,3781,3151,2321,009980897815
Stockholders' equity
Stockholders' equity attributable to parent176171263256251266262
Common stock4444444
Treasury stock, value(25)(25)(25)(26)(25)(20)(14)
Additional paid in capital123123123123123123123
Accumulated other comprehensive income (loss)(1)01(7)12107
Retained earnings7569161161136148142
Total stockholders' equity:176171263256251266262
TOTAL LIABILITIES AND EQUITY:1,5541,4861,4951,2651,2311,1621,077

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues405479486379386376372
Premiums earned, net379482437 
Cost of revenue(275)(413)(362)(256)(288)(254)(230)
Policyholder benefits and claims incurred, net(275)(413)(362) 
Financial services costs(256)(288)(254)(230)
Gross profit:1296612412397122142
Operating expenses(112)(172)(117)(103)(107)(107)(104)
Operating income (loss):17(106)720(10)1538
Interest and debt expense(5)(5)(5)(5)(5)(5)(4)
Other undisclosed loss from continuing operations before equity method investments, income taxes (2)(2)(2)(2)(2)(2)
Income (loss) from continuing operations before equity method investments, income taxes:12(114)(1)13(17)832
Other undisclosed loss from continuing operations before income taxes(1)      
Income (loss) from continuing operations before income taxes:11(114)(1)13(17)832
Income tax expense (benefit)(2)230(2)5(2)(10)
Net income (loss) available to common stockholders, diluted:9(92)(1)10(12)722

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):9(92)(1)10(12)722
Other comprehensive income (loss)(1)(0)7(5)23(10)
Comprehensive income (loss), net of tax, attributable to parent:8(92)76(10)911

Statements sources

The financial statements are based on the company's filings with the 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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