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Hallmark returns to profit on improved underwriting

Hallmark Financial Dallas Texas logo new 2021.jpg

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.

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