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 income of $9.0 million, or $0.49 per share, for the same period of 2021.Net combined ratio of 106.0% for the first quarter of 2022 declined from 95.4% fo
