M&A Deal Summary

Hallmark Financial Acquires State Auto National Insurance Co.

On January 3, 2011, Hallmark Financial acquired insurance company State Auto National Insurance Co. from State Auto Financial

Acquisition Highlights
  • This is Hallmark Financial’s 3rd transaction in the Insurance sector.
  • This is Hallmark Financial’s 4th transaction in the United States.
  • This is Hallmark Financial’s 2nd transaction in Ohio.

M&A Deal Summary

Date 2011-01-03
Target State Auto National Insurance Co.
Sector Insurance
Buyer(s) Hallmark Financial
Sellers(s) State Auto Financial
Deal Type Divestiture

Target

State Auto National Insurance Co.

Ohio, United States
State Auto National Insurance Co. is a provider of insurance services.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Hallmark Financial

Dallas, Texas, United States

Category Company
Founded 1987
Sector Insurance
Employees257
Revenue 160M USD (2022)
DESCRIPTION

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.


DEAL STATS #
Overall 4 of 4
Sector: Insurance M&A 3 of 3
Type: Divestiture M&A Deals 2 of 2
State: Ohio M&A 2 of 2
Country: United States M&A 4 of 4
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-31 Hallmark National Insurance Co.

Columbus, Ohio, United States

Hallmark National Insurance Co. is a provider of personal automobile insurance services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-07 Hallmark E&S

Dallas, Texas, United States

Hallmark E&S provides Excess & Surplus Lines Operations that distributes through the wholesale insurance brokerage channel and are comprised of the Commercial Auto business unit which offers primary and excess commercial vehicle insurance products and services; the E&S Casualty business unit which offers primary and excess liability, excess public entity liability and E&S package and garage liability insurance products and services; the E&S Property business unit which offers primary and excess commercial property insurance for both catastrophe and non-catastrophe exposures; and the Professional Liability business unit which offers healthcare and financial lines professional liability insurance products and services primarily for businesses, medical professionals, medical facilities and senior care facilities.

Sell $40M

Seller(S) 1

SELLER

State Auto Financial

Columbus, Ohio, United States

Category Company
Founded 1950
Sector Insurance
Revenue 1.5B USD (2020)
DESCRIPTION

State Auto Financial is a regional property and casualty insurance holding company that markets its insurance products throughout the United States, through independent insurance agencies, which include retail agencies and wholesale brokers. State Auto Financial was founded in 1990 and is based in Columbus, Ohio.


DEAL STATS #
Overall 2 of 2
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: Ohio M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-19 Partner Platform

Columbus, Ohio, United States

Partner Platform is a provider of web-based agency management systems (AMS) and customer relationship management (CRM) solutions for P&C insurance agencies. Partner Platform was founded in 1995 and is based in Columbus, Ohio.

Sell -