XML 55 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Gross premiums written $ 99,448 $ 89,751 $ 297,658 $ 270,834
Ceded premiums written (14,443) (11,869) (42,554) (37,762)
Net premiums written 85,005 77,882 255,104 233,072
Change in unearned premiums (4,524) (2,814) (19,166) (16,313)
Net premiums earned 80,481 75,068 235,938 216,759
Investment income, net of expenses 3,795 3,980 11,573 11,765
Net realized gains 982 394 1,854 3,177
Finance charges 1,374 1,683 4,538 5,148
Commission and fees (1,029) 2,445 (1,033) 2,617
Other income 17 178 307 203
Total revenues 85,620 83,748 253,177 239,669
Losses and loss adjustment expenses 52,839 56,136 168,859 181,841
Other operating expenses 25,726 24,850 77,077 71,890
Interest expense 1,137 1,159 3,464 3,470
Amortization of intangible assets 897 897 2,690 2,690
Total expenses 80,599 83,042 252,090 259,891
Income (loss) before tax 5,021 706 1,087 (20,222)
Income tax expense (benefit) 1,350 602 (978) (9,048)
Net income (loss) 3,671 104 2,065 (11,174)
Less: Net income attributable to non-controlling interest 258 6 324 28
Net income (loss) attributable to Hallmark Financial Services, Inc. $ 3,413 $ 98 $ 1,741 $ (11,202)
Net income (loss) per share attributable to Hallmark Financial Services, Inc. common stockholders:        
Basic (in dollars per share) $ 0.18 $ 0.01 $ 0.09 $ (0.57)
Diluted (in dollars per share) $ 0.18 $ 0.01 $ 0.09 $ (0.57)