Hallmark Announces First Quarter 2021 Results Hallmark Financial Services, Inc. Fort Worth, Texas, UNITED STATES DALLAS, May 13, 2021 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. (“Hallmark”) (NASDAQ: HALL) today announced financial results for the first quarter ended March 31, 2021.
Highlights: Net income of $9.3 million, or $0.52 per share, in the first quarter of 2021 as compared to net loss of $64.3 million, or $3.55 per share, for the same period of 2020.
Net combined ratio of 96.1% for the first quarter of 2021 improved from 97.6% for the same period the prior year.
Substantial rate increases achieved, particularly in the Specialty Commercial Segment, with increases for this business averaging 13% for the quarter.