Private company

HALLMARK FINANCIAL SERVICES INC

American insurance carriers company based in Dallas, incorporated in Nevada2

In its 2023 annual report the company says: “We are a diversified property/casualty insurance group that serves businesses and individuals in specialty and niche markets. We offer commercial and personal insurance in selected market subcategories. We focus on marketing, distributing, underwriting and servicing property/casualty insurance products that require specialized underwriting expertise or market knowledge.”56

Last updated Oct 20, 2026.

Overview

  • IndustryInsurance Carriers, NEC2
  • HeadquartersDallas, United States2
  • Incorporated inNV3
  • Business address777 Main Street, Suite 1000, Fort Worth, Tx 761023
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formProfit Corporation2
  • LEI549300QVZIZ17RUE4C202
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered address112 NORTH CURRY STREET, 89703 Carson City, United States2
  • Registered withBusiness Center (Secretary of State), C3803-19872

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

-67.6%Net margin4
-29.4%Revenue growth, 20224
-179.3%Return on equity4
-$167.3MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Other costs91¢$146.2M
  • Interest4¢$5.9M
  • Income tax5¢$7.9M

Out of $159.9M in revenue.4 The company lost money this year.

Financial statements

Revenue567894$159.9M in 2022−57% since 2016
0$200.0M$400.0M$600.0M2016: $376.0M$376.0M20162017: $385.5M$385.5M2017+3%2018: $379.3M$379.3M2018−2%2019: $486.4M$486.4M2019+28%2020: $468.8M$468.8M2020−4%2021: $226.5M$226.5M2021−52%2022: $159.9M$159.9M2022−29%
Net income57894-$108.1M in 2022
-$150.0M-$100.0M-$50.0M0$50.0M2016: $6.5M$6.5M20162017: -$11.6M-$11.6M20172018: $10.3M$10.3M20182019: -$625.0K-$625.0K20192020: -$94.4M-$94.4M2020+14996%2021: $9.0M$9.0M20212022: -$108.1M-$108.1M2022
Fiscal year2016201720182019202020212022
Revenue$376.0M5$385.5M6$379.3M7$486.4M8$468.8M9$226.5M4$159.9M4
Interest$4.5M5$4.5M6$4.5M7$5.4M8$5.3M9$5.0M4$5.9M4
Income before tax-$12.5M4-$127.1M4
Income tax$2.0M5-$5.0M6$2.5M7-$407.0K8-$21.4M9-$2.7M4$7.9M4
Net income$6.5M5-$11.6M5$10.3M7-$625.0K8-$94.4M9$9.0M4-$108.1M4
Earnings per share$0.355-$0.636$0.577-$0.038-$5.209$4.964-$59.474
Earnings per share (diluted)$0.345-$0.636$0.577-$0.038-$5.209$4.964-$59.474
Shares (weighted, basic)1.8M shares41.8M shares4
Shares (weighted, diluted)1.8M shares41.8M shares4

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Corporate structure

HALLMARK FINANCIAL SERVICES INC sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of HALLMARK FINANCIAL SERVICES INC

  • Brent D. Baird Filed SC 13D on HALLMARK FINANCIAL SERVICES INC, latest May 25, 2023
  • DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on HALLMARK FINANCIAL SERVICES INC, latest Feb 8, 2022
  • HALLMARK FINANCIAL SERVICES INC Dallas, Texas, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What HALLMARK FINANCIAL SERVICES INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$36.6M4 Dec 31, 2022$38.2M4 Dec 31, 2021−4.2%
Accumulated depreciation$30.0M4 Dec 31, 2022$30.0M4 Dec 31, 20210%
Operating-lease assets (leased space)$12.5M4 Dec 31, 2022$13.2M4 Dec 31, 2021−5.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$59.1M4 Dec 31, 2022$352.9M4 Dec 31, 2021−83.2%
Debt securities available for sale$426.6M4 Dec 31, 2022$290.1M4 Dec 31, 2021+47.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$04 Dec 31, 2022$04 Dec 31, 2021
Intangible assets, net (excluding goodwill)$819.0K4 Dec 31, 2021$1.3M9 Dec 31, 2020−38.0%
Indefinite-lived intangibles (excluding goodwill)$04 Dec 31, 2022$04 Dec 31, 2021
Finite-lived intangibles, gross$35.4M4 Dec 31, 2022$43.1M4 Dec 31, 2021−17.8%
Accumulated amortization$35.4M4 Dec 31, 2022$42.3M4 Dec 31, 2021−16.2%
Finite-lived intangibles, net$04 Dec 31, 2022$819.0K4 Dec 31, 2021−100.0%

Leadership

Who has led HALLMARK FINANCIAL SERVICES INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Mark J. Morrison2006–2013
  2. Naveen Anand2014–2019
  3. Mark E. Schwarz2021–2022

Chair

  1. Mark E. Schwarz2006–2022

President

  1. Brookland F. Davis2006
  2. Kevin Kasitz2006
  3. Mark J. Morrison2006–2013
  4. Curtis R. Donnell2006–2008
  5. Donald E. Meyer2006–2009
  6. Naveen Anand2014–2019

Chief financial officer

  1. Mark J. Morrison2006
  2. Jeffrey R. Passmore2019

Chief operating officer

  1. Mark J. Morrison2006
  2. Kevin Kasitz2008–2015
2010201520202025
Board members and other officers (11)

Timeline

  1. Dec 26, 20238-K Listing notice or transfer37
  2. Nov 21, 20238-K Listing notice or transfer38
  3. Nov 17, 20238-K Other events39
  4. Nov 14, 20238-K Results of operations; Executive or director change40
  5. Oct 10, 20238-K Shareholder vote41
  6. Oct 2, 20238-K Listing notice or transfer42
  7. Sep 8, 20238-K Other events43
  8. Aug 15, 20238-K Results of operations44
  9. Jun 5, 20238-K Other events45
  10. May 16, 20238-K Results of operations46
  11. May 5, 20238-K Other events47
  12. Mar 28, 20238-K Results of operations48
  13. Dec 22, 2021New chief executive Mark E. Schwarz becomes CEO16
  14. Sep 8, 2014New chief executive Naveen Anand becomes CEO17
  15. Oct 5, 2006New chief executive Mark J. Morrison becomes CEO18
  16. May 18, 1987Founded HALLMARK FINANCIAL SERVICES INC is founded2

Calendar

When it reported results

  1. Nov 14, 2023Reported quarterly or annual results40
  2. Aug 15, 2023Reported quarterly or annual results44
  3. May 16, 2023Reported quarterly or annual results46
  4. Mar 28, 2023Reported quarterly or annual results48
  5. Nov 15, 2022Reported quarterly or annual results49
  6. Aug 15, 2022Reported quarterly or annual results50
  7. May 12, 2022Reported quarterly or annual results51
  8. Mar 16, 2022Reported quarterly or annual results52

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

55 filings to the SEC since October 2021: 4 annual reports, 7 quarterly reports, 24 major events, 8 insider forms, 2 large holders, 10 other. The latest 20:

  1. Jan 16, 202415-12G EDGAR
  2. Jan 16, 2024S-8 POS EDGAR
  3. Jan 16, 2024S-8 POS EDGAR
  4. Jan 16, 2024S-8 POS EDGAR
  5. Jan 16, 2024S-8 POS EDGAR
  6. Jan 5, 202425 EDGAR
  7. Dec 26, 20238-K EDGAR
  8. Nov 21, 20238-K EDGAR
  9. Nov 17, 20238-K EDGAR
  10. Nov 14, 20238-K EDGAR
  11. Nov 14, 202310-Q EDGAR
  12. Oct 10, 20238-K EDGAR
  13. Oct 2, 20238-K EDGAR
  14. Sep 8, 20238-K EDGAR
  15. Sep 8, 2023DEFA14A EDGAR
  16. Aug 15, 20238-K EDGAR
  17. Aug 14, 202310-Q EDGAR
  18. Jul 21, 2023DEF 14A EDGAR
  19. Jul 10, 2023PRE 14A EDGAR
  20. Jun 5, 20238-K EDGAR

The 55 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

3 open-market trades by officers, directors and large owners since October 2021: 3 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 31, 2022NCM SERVICES, INC.10% ownerBuy0Form 4
May 31, 2022NEWCASTLE PARTNERS L P10% ownerBuy1,179$0.89$1.0KForm 4
Jan 6, 2022BERLIN SCOTT TDirectorBuy30,000$4.64$139.2KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How HALLMARK FINANCIAL SERVICES INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARHALLMARK FINANCIAL SERVICES INC1
  • CIK0000819913
  • Employer ID (EIN)87-04473751
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inNevada1
  • Fiscal year endsDecember 311
  • Industry code (SIC)6399 Insurance Carriers, NEC1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address777 Main Street, Suite 1000, Fort Worth, TX 761021
  • Mailing address5420 Lyndon B. Johnson Freeway, Ste 1100, Dallas, TX 752401
  • Phone81734816001
  • Shares outstanding1,818,482 as of Nov 14, 202312
  • Public float$31.6M as of Jun 30, 202255
  • On EDGAR sinceAug 14, 19951
  • Filings906 in all: 4 (272), 8-K (247), 10-Q (60), SC 13G/A (40), SC 13D/A (34), DEF 14A (27), 10QSB (26), 10-K (19)1
    All 50 form types

    3 (18), CORRESP (17), 4/A (16), UPLOAD (13), DFAN14A (11), SC 13G (11), 10KSB40 (7), ARS (7), EFFECT (7), 8-K/A (6), S-3 (6), S-3/A (6), S-8 POS (5), S-8 (4), SC 13D (4), 10-Q/A (3), 424B2 (3), FWP (3), 10-K/A (2), 10KSB (2), 10KSB/A (2), 25 (2), 3/A (2), 424B5 (2), POS AM (2), PRE 14A (2), PRRN14A (2), SE (2), 15-12G (1), 305B2 (1), 424B4 (1), 5 (1), 8-A12B (1), 8-A12B/A (1), CERTAMX (1), CERTNAS (1), DEFA14A (1), DEFC14A (1), NT 10-Q (1), PREC14A (1), S-1 (1), S-1/A (1)

  • Latest filingsAnnual report (10-K) Mar 28, 2023
    Quarterly report (10-Q) Nov 14, 2023
    Proxy statement (DEF 14A) Jul 21, 2023
    Latest 8-K (8-K) Dec 26, 2023

Sources

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