Book value per share was $11.80 at the end of the quarter
Book value per share was $11.80 at the end of the quarter, an increase of 5% over prior year. Cash flow from operations was $5.8 million in the first quarter, up from $4.8 million the first quarter 2012. Total cash and investments increased 4% during the first quarter 2013 to $561.3 million, or $29.14 per share. Hallmark continues to carry significant cash of $100.8 million as of March 31, 2013, which we seek to opportunistically deploy in ways that will generate a higher return for shareholders in the future."