Hallmark Financial Services, Inc. is an insurance holding company that is currently headquartered in Fort Worth, Texas. The business was incorporated in 1990 and continues to focus in offering property and casualty insurance products. The offerings of the business are marketed to both businesses and individuals across the United States.
Through the company’s approach in strategic acquisition, it expands its operations and at the same time diversifies its offerings. The company started out as a mono-line company and began offering other coverages in 2003. It is involved in marketing, underwriting, distributing and servicing its property and casualty insurance products. There are five business units that operate within the venture, namely Standard Commercial P&C, Workers Compensation, E&S Commercial, Hallmark Select and Personal Lines.
The Standard Commercial P&C unit markets commercial insurance and occupational accident insurance. The Workers Compensation segment focuses on workers compensation for small and medium-sized markets. E&S Commercial services the excess and surplus markets and offers commercial insurance products. The offerings of Hallmark Select include insurance focused on aviation, medical professional liability, satellite launch, and low and middle market commercial umbrella and excess liability. Automobile insurance and complementary personal insurance products are the offerings of the their Personal Line business division. The formation of these divisions is the result of the company’s acquisition of companies like Non-standard Auto Insurer, Specialty E&S MGA & General Aviation MGA, Texas County Mutual Insurance Company and Excess & Umbrella MGU. The largest chunk of the premiums generated by the company is coming from their Hallmark Specialty Underwriters, which comprise 48% of their annual premiums.
Hallmark Financial Services, Inc. is listed as a component of the Russell 3000 Index. The company remains publicly traded on the NASDAQ Global Market and continues to trade its common shares using the ticker symbol HALL.