AM Best Removes From Under Review With Negative Implications and Affirms Credit Ratings of Hallmark Financial Services, Inc. and Its Subsidiaries
Hallmark Financial Services, Inc. (HALL)
Last hallmark financial services, inc. earnings: 11/7 04:05 pm
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Source: Business Wire
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has removed from under review with negative implications and affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb-” and the Long-Term Issue Credit Ratings (Long-Term IR) of Hallmark Financial Services, Inc. (Hallmark Financial) [NASDAQ: HALL]. Concurrently, AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term ICRs of “a-” of the members of Hallmark Insurance Group (Hallmark Group). The outlook assigned to the Credit Ratings (ratings) is negative. The companies’ operations are headquartered in Dallas, TX. (See below for a detailed listing of the companies and ratings.)These ratings were placed under review with negative implications on March 4, 2020, following the announcement by Hallmark Financial that its 2019 statutory results will include pre-tax adverse prior-year loss development of $63.8 million, net of reinsurance. Subsequen
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- Hallmark Financial Services, Inc. (NASDAQ: HALL) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Hallmark Financial Services, Inc. (NASDAQ: HALL) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Hallmark Financial Services, Inc. (NASDAQ: HALL) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Hallmark Financial Services, Inc. (NASDAQ: HALL) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Hallmark Financial Services, Inc. (NASDAQ: HALL) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat