Hallmark returns to profit on improved underwriting

Bernard Goyder

May 13, 2021

Hallmark Financial posted a net profit of $9.3mn in Q1, compared with a $64mn loss in the same period last year, in a sign of a return to stability after a tumultuous 12 months at the Texan insurer, triggered by prior-year losses in its run-off commercial auto book.

Hallmark’s earnings per share were $0.52 during the quarter, compared with a loss per share of $3.55 in Q1 2020.

The

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