Hallmark Financial Services Inc
NASDAQ:HALL
Income Statement
Income Statement
Hallmark Financial Services Inc
Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Gross Premiums Earned |
366
|
366
|
361
|
345
|
325
|
325
|
329
|
341
|
353
|
356
|
354
|
353
|
355
|
360
|
364
|
367
|
365
|
367
|
370
|
371
|
372
|
371
|
379
|
394
|
418
|
445
|
470
|
485
|
488
|
479
|
456
|
341
|
266
|
207
|
144
|
174
|
168
|
152
|
148
|
147
|
147
|
|
Revenue |
390
N/A
|
389
0%
|
383
-2%
|
365
-5%
|
338
-7%
|
337
0%
|
342
+1%
|
358
+5%
|
370
+3%
|
372
+1%
|
371
0%
|
368
-1%
|
372
+1%
|
379
+2%
|
385
+2%
|
385
0%
|
385
+0%
|
391
+2%
|
388
-1%
|
392
+1%
|
398
+1%
|
379
-5%
|
404
+7%
|
427
+6%
|
442
+4%
|
486
+10%
|
469
-4%
|
477
+2%
|
479
+0%
|
469
-2%
|
480
+2%
|
365
-24%
|
291
-20%
|
227
-22%
|
157
-31%
|
180
+15%
|
173
-4%
|
160
-7%
|
158
-2%
|
162
+3%
|
166
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(377)
|
(374)
|
(364)
|
(338)
|
(315)
|
(314)
|
(317)
|
(326)
|
(334)
|
(337)
|
(337)
|
(339)
|
(345)
|
(363)
|
(370)
|
(379)
|
(388)
|
(398)
|
(405)
|
(398)
|
(390)
|
(362)
|
(368)
|
(381)
|
(402)
|
(482)
|
(507)
|
(526)
|
(573)
|
(533)
|
(510)
|
(413)
|
(302)
|
(234)
|
(190)
|
(256)
|
(277)
|
(281)
|
(303)
|
(271)
|
(260)
|
|
Selling, General & Administrative |
(111)
|
(109)
|
(108)
|
(105)
|
(100)
|
(101)
|
(101)
|
(103)
|
(105)
|
(104)
|
(105)
|
(108)
|
(108)
|
(107)
|
(107)
|
(104)
|
(103)
|
(107)
|
(107)
|
(107)
|
(107)
|
(103)
|
(103)
|
(106)
|
(113)
|
(117)
|
(119)
|
(119)
|
(122)
|
(124)
|
(125)
|
(106)
|
(91)
|
(81)
|
(67)
|
(74)
|
(74)
|
(72)
|
(103)
|
(107)
|
(106)
|
|
Depreciation & Amortization |
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Benefits Claims Loss Adjustment |
(263)
|
(261)
|
(253)
|
(230)
|
(212)
|
(210)
|
(213)
|
(221)
|
(226)
|
(230)
|
(229)
|
(228)
|
(235)
|
(254)
|
(260)
|
(272)
|
(282)
|
(288)
|
(290)
|
(283)
|
(275)
|
(256)
|
(262)
|
(272)
|
(286)
|
(362)
|
(385)
|
(405)
|
(449)
|
(407)
|
(383)
|
(305)
|
(210)
|
(153)
|
(123)
|
(181)
|
(203)
|
(209)
|
(200)
|
(164)
|
(154)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(6)
|
(6)
|
(6)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
13
N/A
|
16
+19%
|
20
+27%
|
27
+37%
|
23
-17%
|
23
+4%
|
25
+5%
|
32
+29%
|
37
+15%
|
36
-2%
|
34
-4%
|
29
-15%
|
27
-8%
|
16
-41%
|
16
-3%
|
7
-57%
|
(2)
N/A
|
(6)
-210%
|
(17)
-177%
|
(6)
+65%
|
8
N/A
|
17
+128%
|
36
+107%
|
46
+28%
|
41
-12%
|
4
-89%
|
(38)
N/A
|
(50)
-30%
|
(94)
-90%
|
(64)
+31%
|
(30)
+54%
|
(47)
-58%
|
(11)
+76%
|
(8)
+33%
|
(34)
-347%
|
(76)
-126%
|
(104)
-37%
|
(121)
-17%
|
(145)
-20%
|
(108)
+26%
|
(94)
+13%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(7)
|
(7)
|
(8)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(3)
|
(3)
|
(3)
|
(3)
|
0
|
0
|
(6)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(46)
|
(46)
|
(46)
|
(46)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
9
N/A
|
11
+28%
|
15
+39%
|
23
+47%
|
18
-21%
|
19
+5%
|
20
+6%
|
27
+37%
|
32
+19%
|
32
-2%
|
30
-5%
|
22
-26%
|
20
-12%
|
9
-57%
|
8
-2%
|
2
-77%
|
(7)
N/A
|
(17)
-144%
|
(22)
-30%
|
(10)
+52%
|
3
N/A
|
13
+288%
|
31
+141%
|
41
+33%
|
36
-13%
|
(1)
N/A
|
(90)
-8 850%
|
(101)
-13%
|
(146)
-44%
|
(116)
+20%
|
(35)
+70%
|
(52)
-49%
|
(16)
+69%
|
(13)
+24%
|
(39)
-209%
|
(81)
-109%
|
(109)
-35%
|
(127)
-16%
|
(152)
-20%
|
(115)
+24%
|
(101)
+12%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(2)
|
(3)
|
(4)
|
(7)
|
(5)
|
(5)
|
(6)
|
(8)
|
(10)
|
(10)
|
(10)
|
(7)
|
(6)
|
(2)
|
(2)
|
0
|
2
|
6
|
8
|
5
|
3
|
(3)
|
(6)
|
(8)
|
(7)
|
0
|
10
|
14
|
25
|
21
|
14
|
14
|
5
|
3
|
8
|
(6)
|
(5)
|
(8)
|
(14)
|
(1)
|
(3)
|
|
Income from Continuing Operations |
7
|
8
|
11
|
16
|
13
|
13
|
14
|
19
|
22
|
22
|
21
|
15
|
14
|
7
|
6
|
2
|
(5)
|
(10)
|
(14)
|
(5)
|
6
|
10
|
25
|
33
|
28
|
(1)
|
(80)
|
(87)
|
(121)
|
(94)
|
(21)
|
(38)
|
(12)
|
(10)
|
(30)
|
(87)
|
(114)
|
(135)
|
(166)
|
(116)
|
(104)
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
7
N/A
|
8
+24%
|
11
+34%
|
16
+45%
|
13
-18%
|
13
+2%
|
14
+7%
|
19
+33%
|
22
+17%
|
22
-1%
|
21
-6%
|
15
-26%
|
14
-11%
|
7
-52%
|
6
-2%
|
2
-70%
|
(5)
N/A
|
(12)
-147%
|
(15)
-29%
|
(7)
+57%
|
5
N/A
|
10
+115%
|
25
+140%
|
33
+32%
|
28
-13%
|
(1)
N/A
|
(80)
-13 233%
|
(87)
-9%
|
(121)
-39%
|
(94)
+22%
|
(21)
+78%
|
(28)
-33%
|
4
N/A
|
9
+137%
|
(3)
N/A
|
(72)
-2 144%
|
(103)
-44%
|
(108)
-5%
|
(144)
-33%
|
(87)
+40%
|
(80)
+8%
|
|
EPS (Diluted) |
3.47
N/A
|
4.31
+24%
|
5.78
+34%
|
8.36
+45%
|
6.89
-18%
|
7.05
+2%
|
7.52
+7%
|
10
+33%
|
11.68
+17%
|
11.52
-1%
|
10.84
-6%
|
8.05
-26%
|
7.14
-11%
|
3.42
-52%
|
3.36
-2%
|
1.05
-69%
|
-2.61
N/A
|
-6.44
-147%
|
-8.33
-29%
|
-3.61
+57%
|
2.66
N/A
|
5.72
+115%
|
13.72
+140%
|
18.11
+32%
|
15.66
-14%
|
-0.35
N/A
|
-44.44
-12 597%
|
-48.22
-9%
|
-66.94
-39%
|
-52.44
+22%
|
-11.66
+78%
|
-15.55
-33%
|
2.11
N/A
|
5
+137%
|
-1.77
N/A
|
-39.88
-2 153%
|
-57.44
-44%
|
-60.05
-5%
|
-80
-33%
|
-48.05
+40%
|
-44.33
+8%
|