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MBIA Inc - Company Profile and SWOT Analysis
Summary MBIA Inc - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights MBIA Inc (MBIA) is a financial service holding company that offers a range of financial solutions such as financial guarantee insurance and related reinsurance, and financial advisory services through its subs...
Hallmark Announces Third Quarter Results
Hallmark Announces Third Quarter Results DALLAS, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. (“Hallmark”) (NASDAQ: HALL) today filed its Form 10-Q and announced financial results for the third quarter and nine months ended September 30, 2023. Third Quarter Year-to-Date 20232022 20232022$ in millions: Net loss from continuing operations$(16.7)$(29.2) $(73.7)$(104.9)Net (loss) income from discontinued operations$(4.8)$1.1 $1.1 $4.2 Net loss$(21.5)$(28.1) $(72.6)$(100.7)Operating loss from continuing operations(1)$(11.7)$(20.6) $(29.1)$(69.2) $ per diluted...
Hallmark Announces Second Quarter Results
Hallmark Announces Second Quarter Results DALLAS, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. (“Hallmark”) (NASDAQ: HALL) today filed its Form 10-Q and announced financial results for the second quarter and six months ended June 30, 2023. Second Quarter Year-to-Date 2023 2022 2023 2022 $ in millions: Net loss from continuing operations$(17.8)$(67.0) $(57.0)$(78.7)Net income (loss) from discontinued operations$5.9 $(2.4) $6.0 $6.1 Net loss$(11.9)$(69.4) $(51.0)$(72.6)Operating loss (1)$(12.4)$(63.9) $(17.4)$(75.6) $ per diluted share (2): Net loss ...
Hallmark Announces Final Arbitration Award
Hallmark Announces Final Arbitration Award DALLAS, June 05, 2023 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. (“Hallmark”) (NASDAQ: HALL) received the final determination in an arbitration proceeding relating to a Loss Portfolio Transfer Reinsurance Contract with DARAG Bermuda Ltd. and DARAG Insurance Limited and certain of Hallmark’s subsidiaries. On June 2, 2023, a final definitive binding award was declared by the arbitration panel which will result in a write-off to Hallmark of $4.0 million during the second quarter of 2023 in addition to a write-off of $32.9 million recogniz...
Hallmark Announces First Quarter Results
Hallmark Announces First Quarter Results DALLAS, May 15, 2023 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. (“Hallmark”) (NASDAQ: HALL) today filed its Form 10-Q and announced financial results for the first quarter ended March 31, 2023. First Quarter 2023 2022 $ in millions: Net loss from continuing operations$(39.2)$(11.7)Net income from discontinued operations$0.1 $8.5 Net loss$(39.1)$(3.2)Operating loss (1)$(5.0)$(11.7) $ per diluted share (2): Net loss from continuing operations$(21.59)$(6.43)Net income from discontinued operations$0.06 $4.66 Net loss$(21.53)$(1.77)Ope...
Hallmark Announces Fourth Quarter and Fiscal 2022 Results
Hallmark Announces Fourth Quarter and Fiscal 2022 Results DALLAS, March 28, 2023 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. (“Hallmark”) (NASDAQ: HALL) today filed its Form 10-K and announced financial results for the fourth quarter and fiscal year ended December 31, 2022. Fourth Quarter Year-to-Date 20222021 20222021$ in millions: Net loss from continuing operations$(30.0)$(5.9) $(134.9)$(9.8)Net income from discontinued operations$22.7 $3.3 $26.8 $18.8 Net (loss) income$(7.3)$(2.6) $(108.1)$9.0 Operating loss (1)$(30.3)$(6.8) $(99.6)$(17.9) $ per diluted share (2):...
Hallmark Announces Third Quarter 2022 Results
Hallmark Announces Third Quarter 2022 Results DALLAS, Nov. 14, 2022 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. (“Hallmark”) (NASDAQ: HALL) today filed its Form 10-Q and announced financial results for the third quarter and nine months ended September 30, 2022. Third Quarter Year-to-Date 2022 2021 2022 2021 $ in millions: Net loss from continuing operations$(29.3)$(2.0) $(104.9)$(3.9)Net income from discontinued operations$1.1 $5.5 $4.2 $15.4 Net (loss) income$(28.2)$3.4 $(100.8)$11.6 Operating loss (1)$(20.6)$(1.6) $(69.2)$(11.1) $ per diluted share: Net lo...
Hallmark Announces Sale of its Excess and Surplus Lines Operations to ...
Hallmark Announces Sale of its Excess and Surplus Lines Operations to Core Specialty Insurance Holdings, Inc. DALLAS, Texas, Oct. 07, 2022 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. (the “Company” or “Hallmark”; NASDAQ: HALL), a property and casualty insurance company, today announced the sale of its excess and surplus (“E&S”) lines operations to Core Specialty Insurance Holdings, Inc. (“Core Specialty”), a specialty property and casualty insurer, for $40.0 million cash consideration, plus an estimated $19.9 million consideration for the acquisition costs associated with certai...
Hallmark Announces Second Quarter 2022 Results
Hallmark Announces Second Quarter 2022 Results DALLAS, Aug. 15, 2022 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. (“Hallmark”) (NASDAQ: HALL) today announced financial results for the second quarter and six months ended June 30, 2022. Second Quarter Year-to-Date 20222021 20222021 $ in millions: Net (Loss) Income$(69.4)$(0.8) $(72.6)$8.1 Operating (Loss) Income (1)$(42.4)$(3.9) $(45.6)$0.5 $ per diluted share: Net (Loss) Income$(3.82)$(0.05) $(4.00)$0.45 Operating (Loss) Income (1)$(2.33)$(0.22) $(2.51)$0.03 (1) See “Non-GAAP Financial Measures” belowHighligh...
Hallmark Announces First Quarter 2022 Results
Hallmark Announces First Quarter 2022 Results DALLAS, May 12, 2022 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. (“Hallmark”) (NASDAQ: HALL) today announced financial results for the first quarter ended March 31, 2022. First Quarter 2022 2021$ in millions: Net (Loss) Income$(3.2)$9.0 Operating (Loss) Income (1)$(3.3)$4.4 $ per diluted share: Net (Loss) Income$(0.18)$0.49 Operating (Loss) Income (1)$(0.18)$0.24 (1) See “Non-GAAP Financial Measures” below Highlights: Net loss of $3.2 million, or $0.18 per share, in the first quarter of 2022 as compared to net inc...
Hallmark Announces Fourth Quarter and Fiscal 2021 Results
Hallmark Announces Fourth Quarter and Fiscal 2021 Results DALLAS, March 16, 2022 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. (“Hallmark”) (NASDAQ: HALL) today announced financial results for the fourth quarter and fiscal year ended December 31, 2021. Highlights: Pre-tax loss was ($3.1) million for the three months ended December 31, 2021, as compared to pre-tax loss of ($13.3) million reported during the same period in 2020. Pre-tax income was $11.5 million for the fiscal year ended December 31, 2021, as compared to a pre-tax loss of ($115.8) million for fiscal 2020. Net loss ...
Hallmark Financial Announces Decision to Discontinue Pursuit of IPO to...
Hallmark Financial Announces Decision to Discontinue Pursuit of IPO to Separate Specialty Commercial Business DALLAS, Dec. 23, 2021 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. (the “Company” or “Hallmark”), a property and casualty insurance company comprised of three business segments (Specialty Commercial, Standard Commercial, and Personal), today announced that it is no longer actively pursuing the previously announced separation of its Specialty Commercial business segment. As a result, the Company does not intend to proceed with the previously announced initial public offer...
Hallmark Announces Third Quarter 2021 Results
Hallmark Announces Third Quarter 2021 Results DALLAS, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. (“Hallmark”) (NASDAQ: HALL) today announced financial results for the third quarter and nine months ended September 30, 2021. Highlights: Pre-tax income was $4.4 million for the three months ended September 30, 2021, as compared to pre-tax loss of $37.8 million reported during the same period in 2020. Pre-tax income was $14.6 million for the nine months ended September 30, 2021, as compared to a pre-tax loss of $102.5 million for the same period the prior year. Net i...
Hallmark Announces Second Quarter 2021 Results
Hallmark Announces Second Quarter 2021 Results DALLAS, Texas, Aug. 12, 2021 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. (“Hallmark”) (NASDAQ: HALL) today announced financial results for the second quarter and six months ended June 30, 2021. Second Quarter Year-to-Date 2021 2020 2021 2020 $ in millions: Net Income (Loss)$(0.5)$6.7 $8.9$(57.6) Operating Income (1)$(3.5)$5.1 $1.3$9.7 $ per diluted share: Net Income (Loss)$(0.03)$0.37 $0.49$(3.18) Operating Income (1)$(0.19)$0.28 $0.07$0.53 (1) See “Non-GAAP Financial Measures” below Highlights: Net loss ...
Hallmark Announces First Quarter 2021 Results
Hallmark Announces First Quarter 2021 Results DALLAS, May 13, 2021 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. (“Hallmark”) (NASDAQ: HALL) today announced financial results for the first quarter ended March 31, 2021. First Quarter 20212020$ in millions: Net Income (Loss)$ 9.3$ (64.3) Operating Income (1)$ 4.8$ 4.6 $ per diluted share: Net Income (Loss)$ 0.52$ (3.55) Operating Income (1)$ 0.27$ 0.25 (1) See “Non-GAAP Financial Measures” below Highlights: Net income of $9.3 million, or $0.52 per...
Hallmark Financial Announces Intent to Pursue IPO of its Specialty Com...
Hallmark Financial Announces Intent to Pursue IPO of its Specialty Commercial Business DALLAS, April 13, 2021 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. (the “Company” or “Hallmark Financial”), a property and casualty insurance company comprised of three business segments (Specialty Commercial, Standard Commercial, and Personal), today announced that, based on its previously announced evaluation of the separation of the Specialty Commercial business segment, it plans to pursue an initial public offering (“IPO”) of a non-controlling ownership stake in the core businesses within ...
Hallmark Financial Announces Fourth Quarter and Fiscal 2020 Results
Hallmark Financial Announces Fourth Quarter and Fiscal 2020 Results DALLAS, March 15, 2021 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. (“Hallmark Financial”) (NASDAQ: HALL) today announced financial results for the fourth quarter and fiscal year ended December 31, 2020. Fourth Quarter Fiscal Year 2020 2019 2020 2019 $ in millions: Net Loss$(6.0)$(34.0) $(91.7)$(0.6) Operating Loss (1)$(10.0)$(36.5) $(10.7)$(16.9) $ per diluted share: Net Loss$(0.33)$(1.87) $(5.05)$(0.03) Operating Loss (1)$(0.55)$(2.01) $(0.59)$(0.93) (1) See “Non-GAAP Finan...
Hallmark Financial Exploring the Separation of its Specialty Commercia...
Hallmark Financial Exploring the Separation of its Specialty Commercial Business DALLAS, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. (the “Company” or “Hallmark Financial”), a property and casualty insurance company comprised of three business segments (Specialty Commercial, Standard Commercial, and Personal), announced that it is exploring the separation of its Specialty Commercial business. Initial evaluations by Hallmark Financial’s Board of Directors indicate that separating the Specialty Commercial business may unlock significant value by segregating the oper...
Hallmark Financial Announces Third Quarter 2020 Results
Hallmark Financial Announces Third Quarter 2020 Results DALLAS, Nov. 05, 2020 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. (“Hallmark Financial”) (NASDAQ: HALL) today announced financial results for the third quarter and nine months ended September 30, 2020. Third Quarter Year-to-Date 20202019 20202019$ in millions:(unaudited) (unaudited) Net Income$(28.0)$5.3 $(85.6)$33.3 Operating (Loss) Earnings (1)$(10.4)$6.3 $(0.7)$19.6 $ per diluted share: Net Income$(1.54)$0.29 $(4.72)$1.82 Operating (Loss) Earnings (1)$(0.57)$0.35 $(0.04)$1.07 (1) See “Non-GAAP Fina...
Hallmark Financial Announces Second Quarter 2020 Results
Hallmark Financial Announces Second Quarter 2020 Results DALLAS, Aug. 10, 2020 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. (“Hallmark Financial”) (NASDAQ: HALL) today announced financial results for the second quarter and six months ended June 30, 2020. Second Quarter Year-to-Date 2020 2019 2020 2019 $ in millions (unaudited): Net Income (Loss)$6.7 $13.0 $(57.6)$28.1 Operating Earnings (1)$5.1 $7.6 $9.7 $13.2 $ per diluted share: Net Income (Loss)$0.37 $0.71 $(3.18)$1.54 Operating Earnings (1)$0.28 $0.42 $0.53 $0.73 (1) See “Non-GAAP Financial Measures...
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