D
Hallmark Specialty Ins Co
DallasTX
Rating Date
October 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
--
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: A history of deficient reserves (1.8 on a scale of 0 to 10). Underreserving can have an adverse impact on capital and profits. In four of the last five years reserves (two year development) were between 38.0% and 75.3% deficient. Weak profitability index (1.6) with operating losses during 2022 and 2023. Average return on equity over the last five years has been poor at -6.8%. Vulnerable liquidity (0.1) as a spike in claims may stretch capacity.
Other Rating Factors: Weak overall results on stability tests (2.8) including excessive premium growth, weak results on operational trends and negative cash flow from operations for 2024. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2020.
Stability Factors: D - Limited diversification of general business, policy, and/or investment risk. F - Negative cash flow. L - Past results on our liquidity tests. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: --
Licensed in: OK
Principal Investments: Investment grade bonds (50.4%), other (49.6%)
Ratios
Premium to Surplus
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Reserve to Surplus
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1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
--
Combined Ratio
--
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
Hallmark Financial Services Inc
Investment Rating
Company Address
Two Lincoln Centre
Dallas, TX 75240
Phone Number
(817) 348-1600
NAIC Number
26808
Largest Affiliates
D
Dallas, TX - P&C
C
Dallas, TX - P&C
E