Hallmark Financial Services, Inc. (HALL) financial statements (2021 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)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 132 | 153 | 36 | 65 | 80 | 114 | 131 | ||
| Cash and cash equivalents | 103 | 53 | 36 | 65 | 80 | 114 | 131 | ||
| Short-term investments | 29 | 99 | |||||||
| Total current assets: | 132 | 153 | 36 | 65 | 80 | 114 | 131 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 14 | 16 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 9 | 11 | 7 | 8 | 7 | 4 | 2 | ||
| Long-term investments and receivables | 2 | 2 | 2 | 2 | 2 | 2 | 2 | ||
| Long-term investments | 2 | 2 | 2 | 2 | 2 | 2 | 2 | ||
| Intangible assets, net (including goodwill) | 1 | 50 | 52 | 55 | 57 | 60 | 62 | ||
| Goodwill | 45 | 45 | 45 | 45 | 45 | 45 | |||
| Intangible assets, net (excluding goodwill) | 1 | 5 | 8 | 10 | 12 | 15 | 17 | ||
| Regulated entity, other noncurrent assets | 1 | 1 | 1 | ||||||
| Deferred income tax assets | 9 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Total noncurrent assets: | 35 | 78 | 62 | 65 | 67 | 66 | 65 | ||
| Other undisclosed assets | 1,319 | 1,264 | 1,167 | 1,101 | 1,016 | 897 | 784 | ||
| TOTAL ASSETS: | 1,486 | 1,495 | 1,265 | 1,231 | 1,162 | 1,077 | 981 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 49 | 49 | |||||||
| Long-term debt, excluding current maturities | 49 | 49 | |||||||
| Total noncurrent liabilities: | 49 | 49 | |||||||
| Other undisclosed liabilities | 1,265 | 1,183 | 1,009 | 980 | 897 | 815 | 729 | ||
| Total liabilities: | 1,315 | 1,232 | 1,009 | 980 | 897 | 815 | 729 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 171 | 263 | 256 | 251 | 266 | 262 | 252 | ||
| Common stock | 4 | 4 | 4 | 4 | 4 | 4 | 4 | ||
| Treasury stock, value | (25) | (25) | (26) | (25) | (20) | (14) | (12) | ||
| Additional paid in capital | 123 | 123 | 123 | 123 | 123 | 123 | 123 | ||
| Accumulated other comprehensive income (loss) | 0 | 1 | (7) | 12 | 10 | 7 | 18 | ||
| Retained earnings | 69 | 161 | 161 | 136 | 148 | 142 | 120 | ||
| Total stockholders' equity: | 171 | 263 | 256 | 251 | 266 | 262 | 252 | ||
| TOTAL LIABILITIES AND EQUITY: | 1,486 | 1,495 | 1,265 | 1,231 | 1,162 | 1,077 | 981 | ||
Income statement (P&L) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 479 | 486 | 379 | 386 | 376 | 372 | 337 | |
| Premiums earned, net | 482 | 437 | ✕ | ✕ | ✕ | ✕ | ||
| Cost of revenue | (413) | (362) | (256) | (288) | (254) | (230) | (210) | |
| Policyholder benefits and claims incurred, net | (413) | (362) | ✕ | ✕ | ✕ | ✕ | ||
| Financial services costs | ✕ | ✕ | (256) | (288) | (254) | (230) | (210) | |
| Gross profit: | 66 | 124 | 123 | 97 | 122 | 142 | 127 | |
| Operating expenses | (172) | (117) | (103) | (107) | (107) | (104) | (105) | |
| Operating income (loss): | (106) | 7 | 20 | (10) | 15 | 38 | 23 | |
| Nonoperating expense (Investment Income, Nonoperating) | (0) | |||||||
| Interest and debt expense | (5) | (5) | (5) | (5) | (5) | (4) | (5) | |
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (2) | (2) | (2) | (2) | (2) | (2) | 1 | |
| Income (loss) from continuing operations before income taxes: | (114) | (1) | 13 | (17) | 8 | 32 | 19 | |
| Income tax expense (benefit) | 23 | 0 | (2) | 5 | (2) | (10) | (5) | |
| Net income (loss) available to common stockholders, diluted: | (92) | (1) | 10 | (12) | 7 | 22 | 13 | |
Comprehensive Income ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (92) | (1) | 10 | (12) | 7 | 22 | 13 | |
| Other comprehensive income (loss) | (0) | 7 | (5) | 2 | 3 | (10) | 1 | |
| Comprehensive income (loss), net of tax, attributable to parent: | (92) | 7 | 6 | (10) | 9 | 11 | 14 | |
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.