Hallmark financial announces decision to discontinue pursuit of ipo to separate specialty commercial business

Dallas, dec. 23, 2021 (globe newswire) -- hallmark financial services, inc. (the “company” or “hallmark”), a property and casualty insurance company comprised of three business segments (specialty commercial, standard commercial, and personal), today announced that it is no longer actively pursuing the previously announced separation of its specialty commercial business segment.  as a result, the company does not intend to proceed with the previously announced initial public offering of the specialty commercial business.
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