Hallmark financial services inc (HALL)
Balance Sheet / TTM
Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Investments:
Debt securities, available-for-sale, at fair value (amortized cost; $564,602 in 2019 and $550,268 in 2018)

568,831

533,148

522,977

545,870

574,470

568,826

595,846

605,746

618,234

608,074

605,333

597,457

600,791

569,271

564,758

531,325

519,163

494,054

467,057

450,785

411,262

427,147

415,533

410,095

396,647

383,682

407,741

401,435

384,288

399,069

402,394

380,469

403,244

395,975

388,399

Equity securities (cost; $68,737 in 2019 and $68,709 in 2018)

92,099

94,012

-

80,896

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity securities (cost; $68,709 in 2019 and $68,709 in 2018)

-

-

88,656

-

70,152

57,914

52,815

51,763

47,799

56,477

53,156

51,711

48,836

49,460

49,328

47,050

48,229

56,629

65,466

56,444

54,678

52,553

49,987

51,230

45,940

53,558

52,789

43,925

41,694

40,715

44,085

44,159

41,241

42,943

44,042

Other investments (cost; $3,763 in 2019 and $3,763 in 2018)

3,009

2,585

1,184

1,148

3,085

3,060

3,461

3,824

4,221

4,448

4,510

4,951

-

-

-

454

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total investments

663,939

629,745

612,817

627,914

647,707

629,800

652,122

661,333

670,254

668,999

662,999

654,119

649,627

618,731

614,086

578,829

567,392

550,683

532,523

507,229

465,940

479,700

465,520

461,325

442,587

437,240

460,530

445,360

425,982

439,784

446,479

424,628

444,485

438,918

432,441

Cash and cash equivalents

64,045

67,670

65,490

35,594

59,925

79,583

55,110

64,982

89,770

77,448

82,953

79,632

69,921

91,940

87,477

114,446

93,049

116,554

130,451

130,985

160,027

156,365

153,293

141,666

151,698

128,004

91,450

85,145

107,682

76,230

70,215

74,471

49,416

50,885

60,519

Restricted cash

1,697

3,486

3,322

4,877

3,519

3,078

2,564

2,651

3,343

3,458

2,852

7,327

11,156

9,242

8,733

8,522

18,525

14,687

9,803

11,914

16,882

15,421

11,712

12,190

8,700

11,416

9,354

8,707

8,246

10,793

7,697

9,372

4,180

6,346

5,277

Ceded unearned premiums

164,046

150,883

132,799

133,031

135,567

127,504

112,765

112,323

103,970

92,638

82,358

81,482

81,256

74,610

66,934

65,094

64,115

60,333

55,123

53,376

61,989

60,652

46,335

44,988

31,731

27,443

22,930

22,411

21,994

21,692

19,518

19,470

18,685

20,262

25,504

Premiums receivable

140,580

144,674

132,025

119,778

111,366

112,188

108,487

104,373

101,658

107,806

94,496

89,715

95,497

97,059

90,244

83,376

86,877

87,602

82,124

71,003

82,472

79,789

72,782

71,157

77,749

78,625

72,334

66,683

69,182

68,882

62,744

53,513

58,159

57,444

47,337

Accounts receivable

1,646

1,332

-

1,619

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable

-

-

1,851

-

1,464

2,051

1,809

1,513

1,934

1,756

1,708

2,269

2,133

2,016

2,402

2,005

2,241

2,128

1,839

3,141

2,754

3,205

3,308

2,382

3,209

3,175

2,830

3,110

3,360

3,495

3,617

3,946

4,582

6,020

7,051

Receivable for securities

6,351

2,581

2,292

3,369

3,253

3,780

1,218

5,235

1,709

1,620

1,254

3,047

685

1,394

938

10,424

2,354

2,567

1,291

932

2,825

1,165

1,609

1,320

19

220

5,653

3

1,051

2,334

448

2,617

11

473

2,215

Reinsurance recoverable

313,552

300,155

-

252,029

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reinsurance recoverable

-

-

268,648

-

225,932

215,045

214,369

182,928

181,961

164,434

148,588

147,821

133,479

124,865

120,161

114,287

116,342

112,584

110,298

109,719

105,437

99,756

85,140

76,818

61,193

58,008

57,607

51,970

50,109

47,808

44,154

42,734

44,078

42,726

39,505

Deferred policy acquisition costs

21,904

20,308

19,225

14,291

13,150

14,058

15,994

16,002

19,245

19,335

19,094

19,193

20,701

20,624

20,737

20,366

21,110

21,310

21,130

20,746

20,665

19,757

22,852

22,586

26,943

26,663

26,317

24,911

26,408

25,481

24,543

22,554

24,441

24,047

21,679

Goodwill

44,695

44,695

44,695

44,695

44,695

44,695

44,695

44,695

44,695

44,695

44,695

44,695

44,695

44,695

44,695

44,695

44,695

44,695

44,695

44,695

44,695

44,695

44,695

44,695

44,695

44,695

44,695

44,695

44,695

44,695

44,695

44,695

44,695

43,564

44,695

Intangible assets, net

-

-

-

-

-

-

-

10,023

-

-

-

12,491

-

-

-

14,959

-

-

-

17,427

-

-

-

19,953

-

-

-

23,068

-

-

-

-

-

-

-

Intangible assets, net

5,706

6,323

6,940

7,555

8,174

8,791

9,407

-

10,641

11,257

11,875

-

13,108

13,726

14,342

-

15,576

16,193

16,810

-

18,044

18,675

19,314

-

20,647

21,342

22,171

-

23,965

24,861

25,758

26,654

27,551

28,448

30,241

Deferred federal income taxes, net

556

-

-

4,983

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred federal income taxes, net

-

-

1,727

-

1,042

2,584

3,158

1,937

2,345

1,621

575

1,365

972

2,174

2,615

3,360

2,832

-

-

-

688

-

-

-

-

-

-

1,940

-

-

-

0

-

-

-

Deferred federal income taxes, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

532

1,940

-

-

1,801

-

-

Federal income tax recoverable

-

-

-

-

-

-

6,134

7,532

2,033

1,797

1,955

3,951

-

260

328

1,779

-

-

-

-

-

-

-

-

-

883

-

-

0

1,119

6,500

6,738

7,156

13,138

3,645

Deferred federal income taxes, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

273

0

-

-

-

-

-

-

-

-

Prepaid expenses

1,551

3,282

4,128

2,588

2,526

2,692

3,333

1,743

1,677

2,256

3,406

1,552

1,948

4,637

4,181

3,213

2,920

2,724

4,063

1,823

2,031

2,051

2,863

1,531

1,611

1,804

2,388

1,480

1,620

1,651

1,936

1,458

1,835

1,699

1,987

Other assets

33,266

30,634

32,772

12,571

12,471

13,431

13,080

13,856

13,587

13,720

14,416

13,801

13,905

10,748

12,176

10,192

10,632

9,882

7,524

7,879

7,730

6,307

8,033

8,412

8,935

9,410

10,722

10,985

11,008

12,579

13,122

13,209

13,290

13,159

15,207

Total assets

1,463,534

1,405,768

1,328,731

1,264,894

1,270,791

1,259,280

1,244,245

1,231,126

1,248,822

1,212,840

1,173,224

1,162,460

1,139,083

1,116,721

1,090,049

1,075,547

1,048,660

1,041,942

1,017,674

980,869

992,179

987,538

937,456

909,023

879,717

849,201

828,981

790,468

795,834

783,344

771,426

746,059

744,365

747,129

737,303

Liabilities:
Senior unsecured notes due 2029 (less unamortized debt issuance cost of $966 in 2019)

49,034

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revolving credit facility payable

-

30,000

30,000

30,000

30,000

30,000

30,000

30,000

30,000

30,000

30,000

30,000

30,000

30,000

30,000

30,000

-

-

-

-

-

-

1,473

1,473

1,473

1,473

1,473

1,473

1,473

1,550

-

4,050

4,050

2,800

-

Revolving credit facility payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,550

-

-

-

2,800

Subordinated debt securities (less unamortized debt issuance cost of $859 in 2019 and $898 in 2018)

55,843

55,830

55,817

55,804

55,791

55,778

55,765

55,753

55,740

55,727

55,714

55,701

55,688

55,675

56,702

55,649

56,702

56,702

56,702

56,702

56,702

56,702

56,702

56,702

56,702

56,702

56,702

56,702

56,702

56,702

56,702

56,702

56,702

56,702

56,702

Reserves for unpaid losses and loss adjustment expenses

565,296

551,543

530,226

527,247

530,816

520,552

529,684

527,100

531,499

505,358

486,971

481,567

455,000

443,612

449,129

450,878

451,383

444,327

422,605

415,135

414,752

415,297

395,654

382,640

360,248

344,351

328,731

313,416

315,607

314,109

-

296,945

-

-

-

Reserves for unpaid losses and loss adjustment expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

305,716

-

-

-

-

Reserves for unpaid losses and loss adjustment expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

293,201

278,894

251,677

Unearned premiums

380,066

351,630

316,201

298,061

297,389

290,177

276,570

276,642

279,487

261,893

241,427

241,254

248,304

236,767

221,546

216,407

218,590

213,290

202,251

196,826

205,184

196,968

186,994

185,303

191,367

181,643

170,429

162,502

168,197

163,371

153,905

146,104

150,796

148,205

140,965

Unearned revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

63

58

-

73

93

116

Reinsurance balances payable

61,799

73,977

68,681

67,328

55,830

65,559

55,998

52,487

57,023

54,178

51,738

46,488

49,803

45,055

37,929

33,741

32,832

32,468

29,931

26,403

32,647

34,182

20,622

20,598

11,862

12,210

7,210

7,330

5,976

6,189

4,161

3,139

2,445

5,493

3,122

Accrued agent profit sharing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

929

451

-

1,438

1,277

1,301

Accrued ceding commission payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,200

1,068

-

1,139

4,230

4,231

Pension liability

1,410

1,946

1,982

2,018

1,403

1,470

1,538

1,605

2,049

2,100

2,152

2,203

1,987

2,429

2,463

2,496

2,481

2,527

2,573

2,619

776

1,116

1,291

1,433

3,334

3,518

3,646

3,685

3,245

3,660

3,840

3,971

2,338

2,623

2,833

Payable for securities

1,952

3,167

1,503

698

7,699

6,706

10,848

7,488

7,635

13,257

9,036

14,215

3,955

12,626

2,910

1,097

4,269

3,412

14,524

1,321

10,086

17,908

12,315

206

6,380

6,776

14,928

-

6,749

6,419

10,345

203

5,778

8,357

2,493

Redeemable non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,274

-

1,284

-

-

-

Federal income tax payable

-

-

1,411

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Federal income tax payable

680

870

-

4

144

187

-

-

-

-

-

-

1,001

-

-

-

522

3,007

3,413

968

-

844

1,805

719

1,075

-

620

1,518

177

-

-

0

-

-

-

Deferred federal income taxes, net

-

143

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred federal income taxes, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

410

4,576

3,092

3,548

2,545

2,530

2,825

319

-

754

-

0

0

-

135

-

-

-

Payable for acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

14,000

Deferred federal income taxes, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

631

-

-

1,836

4,154

Accounts payable and other accrued expenses

51,021

47,126

49,258

28,202

24,667

31,942

32,689

28,933

23,916

24,627

25,160

25,296

22,407

24,462

23,563

23,253

21,089

23,487

19,381

25,766

20,604

16,662

16,458

19,006

16,879

17,465

17,095

23,305

18,600

14,354

14,498

17,954

13,551

17,005

15,786

Total liabilities

1,167,101

1,116,232

1,055,079

1,009,362

1,003,739

1,002,371

993,092

980,008

987,349

947,140

902,198

896,724

868,145

850,626

824,242

813,521

787,868

779,630

755,956

728,832

744,299

742,224

695,844

670,905

649,639

624,138

601,588

569,931

576,726

568,546

552,925

529,203

531,511

527,515

500,180

Commitments and contingencies (Note 18)

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

0

0

0

0

Stockholders' equity:
Redeemable non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,142

-

1,261

1,223

1,360

Common stock, $.18 par value, authorized 33,333,333 shares; issued 20,872,831 shares in 2019 and 2018

3,757

3,757

3,757

3,757

3,757

3,757

3,757

3,757

3,757

3,757

3,757

3,757

3,757

3,757

3,757

3,757

3,757

3,757

3,757

3,757

3,757

3,757

3,757

3,757

3,757

3,757

3,757

3,757

3,757

3,757

3,757

3,757

3,757

3,757

3,757

Additional paid-in capital

123,095

122,778

122,638

123,168

123,053

123,017

123,224

123,180

123,156

123,110

123,183

123,166

123,263

123,650

123,619

123,480

123,606

123,618

123,555

123,194

122,913

123,048

122,937

122,827

122,720

122,611

122,538

122,475

122,412

122,669

122,644

122,487

122,355

122,292

121,815

Retained earnings

194,536

189,249

176,220

161,195

166,270

156,585

151,495

136,474

147,103

148,663

152,013

148,027

151,689

146,641

145,575

141,501

138,055

131,357

124,981

119,638

115,871

112,408

110,757

106,209

102,781

96,507

99,658

97,964

96,181

92,768

94,611

94,440

94,692

94,567

105,816

Accumulated other comprehensive income (loss)

246

-1,047

-3,762

-6,660

-443

-865

-2,419

12,234

12,085

13,933

12,178

10,371

11,489

10,864

8,279

7,418

8,921

15,956

21,853

17,801

18,276

18,379

15,719

16,883

12,378

13,746

12,998

7,899

8,316

5,888

7,905

6,446

2,347

7,843

9,637

Treasury stock (2,749,738 shares in 2019 and 2,846,131 in 2018), at cost

25,201

25,201

25,201

25,928

25,585

25,585

24,904

24,527

24,628

23,763

20,105

19,585

19,260

18,817

15,423

14,130

13,547

12,376

12,428

12,353

12,937

12,278

11,558

11,558

11,558

11,558

11,558

11,558

11,558

11,558

11,558

11,558

11,558

10,068

5,262

Total stockholders' equity

296,433

289,536

273,652

255,532

267,052

256,909

251,153

251,118

261,473

265,700

271,026

265,736

270,938

266,095

265,807

262,026

260,792

262,312

261,718

252,037

247,880

245,314

241,612

238,118

230,078

225,063

227,393

220,537

219,108

213,524

217,359

215,572

211,593

218,391

235,763

Total liabilities and stockholders' equity

1,463,534

1,405,768

1,328,731

1,264,894

1,270,791

1,259,280

1,244,245

1,231,126

1,248,822

1,212,840

1,173,224

1,162,460

1,139,083

1,116,721

1,090,049

1,075,547

1,048,660

1,041,942

1,017,674

980,869

992,179

987,538

937,456

909,023

879,717

849,201

828,981

790,468

795,834

783,344

771,426

746,059

744,365

747,129

737,303