NASDAQ$HALL
Hallmark Financial Services Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Hallmark Financial Services' third quarter results for 2021 were announced, revealing a return to profitability after a loss in the same period last year.
Hallmark Financial Services reported a net income of $3.4 million, or $0.19 per diluted share, for the third quarter of 2021, compared to a net loss of $28.4 million, or $1.56 per diluted share, for the same period in 2020. The net combined ratio improved to 95.9% from 132.7% in the prior year. Pre-tax income was $4.4 million, a significant improvement from the pre-tax loss of $37.8 million in Q3 2020.
- Pre-tax income was $4.4 million, compared to a pre-tax loss of $37.8 million in the same period of 2020.
- Net income was $3.4 million, or $0.19 per diluted share, compared to a net loss of $28.4 million, or $1.56 per diluted share, for the same period of 2020.
- Net combined ratio was 95.9%, compared to 132.7% for the same period the prior year.
- Net catastrophe losses were $2.8 million, or 3.0 points of the net combined ratio, compared to $9.6 million, or 8.2 points of the net combined ratio for the same period the prior year.
Headline financials
Revenue & EPS history
Hallmark Financial · Revenue · Quarterly
$97.4M
Revenue by segment
Hallmark Financial · $16.7M total across 2 segments · Q3 2021
- Personal Segment$18.3M—109.7%
- Corporate-$1.62M—-9.7%
Forward guidance
Forward-looking statements in this release are made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that actual results may differ materially from such forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, continued acceptance of the Company’s products and services in the marketplace, competitive factors, interest rate trends, general economic conditions, the availability of financing, underwriting loss experience and other risks detailed from time to time in the Company’s filings with the Securities and Exchange Commission.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2021
-2.1%
Avg return
Earnings day
-7.2%
Avg return
5 days after
-8.6%
Avg return
30 days after
45%
25 / 56 earnings
Positive
+11.8%
Q3 2021
Best reaction
-36.0%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2023 | +6.0% | +3.3% | -26.6% | |
| Q2 2023 | -13.0% | -33.8% | -57.8% | |
| Q1 2023 | +1.6% | +0.9% | -9.8% | |
| Q4 2022 | -26.2% | -26.2% | -33.8% | |
| Q3 2022 | -23.5% | -25.9% | -51.1% | |
| Q2 2022 | -36.0% | -46.6% | -50.2% | |
| Q1 2022 | -0.5% | +2.2% | -8.0% | |
| Q4 2021 | -5.7% | -4.7% | -3.4% | |
| Q3 2021 | +11.8% | +19.4% | +21.6% | |
| Q2 2021 | -21.1% | -19.5% | -20.7% | |
| Q1 2021 | -0.8% | -5.5% | +0.0% | |
| Q4 2020 | -5.5% | -88.7% | -90.5% | |
| Q3 2020 | -3.2% | +6.7% | +23.0% | |
| Q1 2020 | -4.8% | -9.9% | -0.3% | |
| Q2 2020 | -2.4% | -9.5% | -14.3% | |
| Q4 2019 | -2.4% | -9.5% | -14.3% | |
| Q3 2019 | +4.8% | +9.8% | +7.5% | |
| Q2 2019 | +2.1% | +5.2% | +14.1% | |
| Q1 2019 | +0.9% | +4.5% | +10.4% | |
| Q4 2018 | -1.7% | -1.4% | +5.4% | |
| Q3 2018 | +0.6% | -0.2% | +0.2% | |
| Q2 2018 | +1.1% | +1.1% | +4.9% | |
| Q1 2018 | -0.6% | +2.1% | +15.1% | |
| Q4 2017 | -2.2% | -7.4% | +3.6% | |
| Q3 2017 | +3.9% | +7.2% | +3.4% | |
| Q2 2017 | -2.5% | -4.1% | -8.1% | |
| Q1 2017 | +0.2% | -3.4% | -4.0% | |
| Q4 2016 | -0.3% | +0.0% | -0.5% | |
| Q3 2016 | +4.3% | +16.0% | +16.0% | |
| Q2 2016 | +0.4% | +2.6% | +10.2% | |
| Q1 2016 | -0.8% | — | — | |
| Q4 2015 | -0.9% | — | — | |
| Q3 2015 | +3.1% | — | — | |
| Q2 2015 | +3.3% | — | — | |
| Q1 2015 | +1.5% | — | — | |
| Q4 2014 | +2.2% | — | — | |
| Q3 2014 | -3.2% | — | — | |
| Q2 2014 | +0.8% | — | — | |
| Q1 2014 | +1.7% | — | — | |
| Q4 2013 | +1.0% | — | — | |
| Q3 2013 | +4.0% | — | — | |
| Q2 2013 | -2.4% | — | — | |
| Q1 2013 | -2.7% | — | — | |
| Q4 2012 | -5.1% | — | — | |
| Q3 2012 | -2.1% | — | — | |
| Q2 2012 | -1.4% | — | — | |
| Q1 2011 | +1.2% | — | — | |
| Q1 2012 | -2.3% | — | — | |
| Q4 2011 | +2.9% | — | — | |
| Q4 2009 | +2.9% | — | — | |
| Q3 2011 | +0.3% | — | — | |
| Q3 2010 | +0.3% | — | — | |
| Q2 2011 | -0.8% | — | — | |
| Q4 2010 | -0.8% | — | — | |
| Q2 2010 | -0.8% | — | — | |
| Q1 2010 | -2.7% | — | — |
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