DALLAS (AP) _ Hallmark Financial Services Inc. (HALL) on Thursday reported a first-quarter loss of $64.3 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Dallas-based company said it had a loss of $3.55. Earnings, adjusted for asset impairment costs and investment costs, were 25 cents per share.
The property and casualty insurance company posted revenue of $101 million in the period. Its adjusted revenue was $128.7 million.
In the final minutes of trading on Thursday, the company's shares hit $3.34. A year ago, they were trading at $14.35.