AM Best Removes From Under Review With Negative Implications and Affirms Credit Ratings of Hallmark Financial Services, Inc. and Its Subsidiaries

Oct 16, 2020

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.)

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