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Hallmark Financial: 4Q Earnings Snapshot - Odessa American: News

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Hallmark Financial: 4Q Earnings Snapshot

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Posted: Monday, June 29, 2020 6:37 pm | Updated: 7:02 pm, Mon Jun 29, 2020.

FORT WORTH, Texas (AP) — Hallmark Financial Services Inc. (HALL) on Monday reported a loss of $34 million in its fourth quarter.

The Fort Worth, Texas-based company said it had a loss of $1.87 per share. Losses, adjusted for investment gains, were $2.01 per share.

The property and casualty insurance company posted revenue of $129.1 million in the period. Its adjusted revenue was $124.1 million.

For the year, the company reported a loss of $625,000, or 3 cents per share, swinging to a loss in the period. Revenue was reported as $458.7 million.

In the final minutes of trading on Monday, the company's shares hit $3.36. A year ago, they were trading at $14.03.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HALL at https://www.zacks.com/ap/HALL

© 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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