Regardless of the sequential decrease in Current Liabilities, during the third quarter 2023, Quick Ratio deteriorated to 0.39 a new company low.

Within Property & Casualty Insurance industry 44 other companies have achieved higher Quick Ratio than Hallmark Financial Services Inc in third quarter 2023. While Quick Ratio total ranking in the third quarter 2023 has deteriorated compared to the prior quarter from 2788 to 2969.

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HALL Quick Ratio	(Sep 30 2023) Q3	(Jun 30 2023) Q2	(Mar 31 2023) Q1	(Dec 31 2022) Q4	(Sep 30 2022) Q3
Y / Y Current Liabilities Change	-12.01 %	0.88 %	11.8 %	540.73 %	7.97 %
Y / Y Cash & cash equivalent Change	-37.18 %	-18.63 %	-22.06 %	-24.45 %	-15.1 %
Quick Ratio MRQ	0.39	0.46	0.43	0.45	0.54
HALL's Total Ranking	# 2969	# 2788	# 2560	# 2801	# 2605
Seq. Current Liabilities Change	-8.97 %	-6.8 %	-2.97 %	6.9 %	4.36 %
Seq. Cash & cash equivalent Change	-23.07 %	0.17 %	-8.28 %	-11.12 %	-0.36 %

Quick Ratio third quarter 2023 Company Ranking
Within:	No.
Property & Casualty Insurance Industry	# 45
Financial Sector	# 415
Overall Market	# 2969

Quick Ratio Statistics
High	Average	Low
27.61	2.17	0.39
(Mar 31 2012)		(Sep 30 2023)

Financial Statements
Hallmark Financial Services Inc 's Current Liabilities	$ 888 Millions	Visit HALL's Balance sheet
Hallmark Financial Services Inc 's Cash & cash equivalent	$ 343 Millions	Visit HALL's Balance sheet
Source of HALL's Sales		Visit HALL's Sales by Geography

Cumulative Hallmark Financial Services Inc 's Quick Ratio

HALL's Quick Ratio for the trailling 12 Months

HALL Quick Ratio	(Sep 30 2023) 12 Months	(Jun 30 2023) 12 Months	(Mar 31 2023) 12 Months	(Dec 31 2022) 12 Months	(Sep 30 2022) 12 Months
Y / Y Current Liabilities TTM Growth	29.48 %	36.72 %	38.86 %	36.08 %	-15.97 %
Y / Y Cash & cash equivalent TTM Growth	-25.49 %	-20.06 %	-18.48 %	-15.41 %	-8.03 %
Quick Ratio TTM	0.43	0.47	0.49	0.54	0.75
Total Ranking TTM	# 2273	# 2116	# 2026	# 2478	# 2324
Seq. Current Liabilities TTM Growth	-2.95 %	0.21 %	2.77 %	29.55 %	2.48 %
Seq. Cash & cash equivalent TTM Growth	-10.56 %	-5.04 %	-5.86 %	-6.81 %	-4.04 %

Quick ratio ranking by company, industry and sector >> Back to HALL Financial Strength Comparisons >> Go to Compare HALL Quick Ratio to its Competitors

On the trailing twelve months basis In spite of the year on year decrease in HALL's Current Liabilities to $887.64 millions, cumulative Quick Ratio to 0.43 below the HALL average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Property & Casualty Insurance industry 44 other companies have achieved higher Quick Ratio than Hallmark Financial Services Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2023 from 2116 to 2273.

Explain Quick Ratio?
How much Cash & cash equivalents HALL�s has?
What are HALL�s Current Liabilities?

TTM Quick Ratio Company Ranking
Within:	No.
Within the Property & Casualty Insurance Industry	# 45
Financial Sector	# 415
Within the Market	# 2273

trailing twelve months Quick Ratio Statistics
High	Average	Low
27.61	2.17	0.39
(Mar 31 2012)		(Sep 30 2023)

Companies with similar Quick Ratio in the quarter ending Sep 30 2023, within Property & Casualty Insurance Industry	Quick Ratio	Sep 30 2023 MRQ Cash & cash equivalent	Sep 30 2023 MRQ Current Liabilities
Hci Group Inc	1.00	$ 742.695 Millions	$ 741.339 Millions
Chubb Limited	1.00	$ 105,220.000 Millions	$ 105,609.000 Millions
Kingstone Companies Inc	0.95	$ 147.920 Millions	$ 155.785 Millions
Heritage Insurance Holdings Inc	0.88	$ 880.368 Millions	$ 1,005.027 Millions
Hippo Holdings Inc	0.86	$ 558.400 Millions	$ 651.000 Millions
Kingsway Financial Services Inc	0.81	$ 20.183 Millions	$ 24.830 Millions
Axis Capital Holdings Limited	0.75	$ 1,499.851 Millions	$ 1,988.180 Millions
Amerinst Insurance Group Ltd	0.51	$ 1.288 Millions	$ 2.549 Millions
American Coastal Insurance Corporation	0.50	$ 264.918 Millions	$ 528.178 Millions
Skyward Specialty Insurance Group Inc	0.50	$ 113.048 Millions	$ 226.239 Millions
Hallmark Financial Services inc	0.39	$ 343.351 Millions	$ 887.641 Millions
Brookfield Wealth Solutions Ltd	0.37	$ 13,385.000 Millions	$ 36,329.000 Millions
American International Group Inc	0.35	$ 19,312.000 Millions	$ 55,031.000 Millions
Siriuspoint Ltd	0.32	$ 1,868.600 Millions	$ 5,858.000 Millions
Maiden Holdings Ltd	0.30	$ 276.036 Millions	$ 911.475 Millions
White Mountains Insurance Group ltd	0.30	$ 509.100 Millions	$ 1,718.100 Millions
Lemonade Inc	0.29	$ 73.400 Millions	$ 255.100 Millions
Progressive Corp	0.27	$ 1,918.700 Millions	$ 7,030.700 Millions
Loews Corp	0.25	$ 4,731.000 Millions	$ 19,095.000 Millions
Palomar Holdings Inc	0.16	$ 53.026 Millions	$ 324.348 Millions
Amerisafe Inc	0.15	$ 100.136 Millions	$ 684.348 Millions
Cna Financial Corporation	0.11	$ 1,480.000 Millions	$ 13,447.000 Millions
W R Berkley Corp	0.10	$ 1,823.824 Millions	$ 18,899.758 Millions

Date modified: 2026-09-08T15:11:07+00:00

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