Hallmark Financial - M&A Summary and Business Overview

InsuranceCompany

Hallmark Financial M&A Summary

Hallmark Financial has acquired 4 companies. It has also divested 1 asset.

It’s largest disclosed sale occurred in 2022, when it sold Hallmark E&S to Core Specialty Insurance Holdings for $40M. Hallmark Financial has acquired in 2 different US states. The Company’s most targeted sectors include insurance (75%) and information technology (25%).

Hallmark Financial Business Overview

Where is Hallmark Financial headquartered?

Hallmark Financial is headquartered in Dallas, Texas.

What is Hallmark Financial’s revenue?

Hallmark Financial disclosed revenue of 227M USD for 2022 and 160M USD for 2022.

How many employees does Hallmark Financial have?

Hallmark Financial has 257 employees.

What sector is Hallmark Financial in?

Hallmark Financial is an insurance company.

When was Hallmark Financial founded?

Hallmark Financial was founded in 1987.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity4
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3

Hallmark Financial

Hallmark Financial Services, Inc.

Two Lincoln Centre Suite 1100 5420 Lyndon B. Johnson Freeway,
Dallas, Texas 75240
United States,
(817) 348-1600
www.hallmarkgrp.com

Hallmark Financial is an insurance holding company engages in the sale of property/casualty insurance products to businesses and individuals. Hallmark's business involves marketing, distributing, underwriting and servicing commercial insurance, personal insurance and general aviation insurance, as well as providing other insurance related services. Hallmark Financial was founded in 1987 and is based in Dallas, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 4 - - - - - 4
Sell (0.2/yr) # - - - 1 - - 1
vol $40M $40M
  5

Most Recent M&A

Company Date Value Type
Hallmark E&S 2022-10-07 40M USD Divestiture
Dallas, Texas
State Auto National Insurance Co. 2011-01-03 - Divestiture
, Ohio
Hallmark National Insurance Co. 2010-12-31 - Add-on Acquisition
Columbus, Ohio
Hardscrabble Data Solutions LLC 2008-09-02 - Divestiture
Basking Ridge, New Jersey
Jeffrey L. Heath, Inc. (Heath XS) 2008-09-02 - Add-on Acquisition
Basking Ridge, New Jersey · www.heathxs.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Jeffrey L. Heath, Inc. (Heath XS) 2008-09-02 Hardscrabble Data Solutions LLC 2008-09-02 1
Basking Ridge, New Jersey · www.heathxs.com Basking Ridge, New Jersey

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 3 (75%) - 1 (100%) 40M (100%)
Information Technology 1 (25%) - - -
Total 4 - 1 $40M

By Geo

State/Country Buy Value Sell Value
United States 4 - 1 40M
  Ohio 2 - - -
  New Jersey 2 - - -
  Texas - - 1 40M
Total 4 - 1 $40M

Deal Values

sell # Total
< $100M 1 $40M
TOTAL $40M
Largest Hallmark E&S
$40M (2022-10-07)

M&A Connections

Deals
Acquired from
Strategic(s)
50%
2 (50%)
Divested to
Strategic(s)
100%
1 (100%)

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