Hallmark Financial Announces Nasdaq Compliance

Rhea-AI Summary

Hallmark Financial has regained compliance with Nasdaq's periodic filing requirements, closing the compliance matter as confirmed by Nasdaq on July 27, 2020. This development reflects positively on Hallmark Financial, a specialty property and casualty insurance holding company with approximately $800 million in annual premiums. The company operates through six subsidiaries across major U.S. markets, emphasizing a stable presence in the insurance sector.

Positive

• Regained compliance with Nasdaq's filing requirements, indicating improved regulatory standing.

Negative

• None.

DALLAS, July 27, 2020 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. (“Hallmark Financial”) (NASDAQ: HALL) today announced confirmation from Nasdaq that Hallmark Financial has regained compliance with Nasdaq’s periodic filing requirement.  Nasdaq further advised that this rule compliance matter is now closed.

About Hallmark Financial

Hallmark Financial is a specialty property and casualty insurance holding company with a diversified portfolio of insurance products written on a national platform.  With six insurance subsidiaries and offices in Dallas/Fort Worth, San Antonio, Chicago, Jersey City and Atlanta, Hallmark Financial markets, underwrites and services approximately $800 million annually in commercial and personal insurance premiums in select markets.  Hallmark Financial is headquartered in Dallas, Texas and its common stock is listed on NASDAQ under the symbol "HALL."  

Forward-looking statements in this release are made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that actual results may differ materially from such forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, continued acceptance of the Company’s products and services in the marketplace, competitive factors, interest rate trends, general economic conditions, the availability of financing, underwriting loss experience and other risks detailed from time to time in the Company’s filings with the Securities and Exchange Commission.

For further information, please contact:
Mr. David Webb, Senior Vice President of Corporate Development at 817.348.1600
www.hallmarkgrp.com

FAQ

What did Hallmark Financial announce on July 27, 2020?

Hallmark Financial announced that it has regained compliance with Nasdaq's periodic filing requirements.

What is the primary business of Hallmark Financial?

Hallmark Financial is a specialty property and casualty insurance holding company with a diversified portfolio of insurance products.

How much does Hallmark Financial generate in insurance premiums annually?

Hallmark Financial markets, underwrites, and services approximately $800 million in annual insurance premiums.

Where is Hallmark Financial headquartered?

Hallmark Financial is headquartered in Dallas, Texas.

What is the stock symbol for Hallmark Financial?

The stock symbol for Hallmark Financial is HALL.