What is Hallmark Financial Services Claims Ratio %?
Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.
Hallmark Financial Services's Claims Ratio % for the quarter that ended in Sep. 2023 was 107.30%
, which is higher than
99.70% for the pervious quarter ended in Jun. 2023.
Hallmark Financial Services's Claims Ratio % for the annual that ended in Dec. 2022 was 141.40%
, which is higher than
72.60% for the pervious year ended in Dec. 2021.
The historical rank and industry rank for Hallmark Financial Services's Claims Ratio % or its related term are showing as below:
HALL's Claims Ratio % is not ranked *
in the Insurance industry.
Industry Median: * Ranked among companies with meaningful Claims Ratio % only.
Hallmark Financial Services Claims Ratio % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Hallmark Financial Services's Claims Ratio %
For the Insurance - Property & Casualty subindustry, Hallmark Financial Services's Claims Ratio %, along with its competitors' market caps and Claims Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Hallmark Financial Services (OTCPK:HALL) Claims Ratio % Calculation
Claims Ratio % is calculated as
Claims Ratio %
=
Total Claims
/
Total Premiums Earned
*
100%
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Hallmark Financial Services (OTCPK:HALL) Claims Ratio % Explanation
Claims Ratio % the percentage of claims costs incurred in relation to the premiums earned during the period. It is the equivalent of gross profit margin for an insurance company.
It's important to note that insurance is the business of managing risks and, to do that well, the insurer needs a thorough understanding of the incurred claims ratio. If the value is higher than expected or above established norms, then further investigation is required to figure out why that is (eg: fraud). If it is lower than expected, it could indicate irrelevant products or difficulties in claiming, possibly affecting customer satisfaction.
Hallmark Financial Services Claims Ratio % Related Terms
Thank you for viewing the detailed overview of Hallmark Financial Services's Claims Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Hallmark Financial Services (Hallmark Financial Services) Business Description
Hallmark Financial Services Inc is an insurance holding company, which is engaged in the sale of property/casualty insurance products to businesses and individuals. Its business involves marketing, distributing, underwriting, and servicing insurance products, as well as providing other insurance-related services. The company operates in segments such as Standard Commercial Segment, Specialty Commercial Segment, and Personal Segment. Geographically, it operates through the region of United States and derives a majority of its revenue from Specialty Commercial Segment, which includes Commercial Auto business unit, E&S Casualty business unit, E&S Property business unit, Professional Liability business unit, and Aerospace & Programs business unit.
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