Hallmark Financial Services, Inc. ("Hallmark") (Nasdaq:HALL) announced today that Curtis Donnell, President and CEO of its general aviation division, Aerospace Insurance Managers ("Aerospace"), has informed Hallmark he will retire effective December 31, 2008.

Hallmark Financial Services, Inc. announced today that beginning January 1, 2009, TGA Insurance Managers, Inc. will start issuing excess & surplus lines policies through its affiliate Hallmark Specialty Insurance Company in the states of Texas and Louisiana.

Hallmark Financial Services, Inc. today reported net income of $0.6 million for the third quarter of 2008 compared to $6.8 million reported for the third quarter of 2007.

Hallmark Financial Services, Inc. announced today that it has acquired 80% of the outstanding membership interests in Heath XS, LLC and Hardscrabble Data Solutions, LLC (collectively referred to as "Heath Group") for cash consideration of $15 million.

Hallmark Financial Services, Inc. announced today that Kevin T. Kasitz, Executive Vice President and Chief Operating Officer, and Jeffrey R. Passmore, Senior Vice President and Chief Accounting Officer, will make a presentation at the 2008 Hodges Capital Management Investment Forum located at Rosewood Crescent Hotel, 400 Crescent Court, Dallas, Texas on Thursday, September 4, 2008, at 9:30 a.m. CDT.

Hallmark Financial Services, Inc. announced today that Mark E. Schwarz, Executive Chairman, and Mark J. Morrison, Chief Executive Officer and President, will make a presentation at the Keefe, Bruyette & Woods 2008 Insurance Conference located at The Waldorf Astoria Hotel, 301 Park Avenue, New York City.

Hallmark Financial Services, Inc. today reported net income of $7.2 million for the second quarter of 2008, an 18% decrease from the $8.8 million reported for the second quarter of 2007.

Hallmark Financial Services, Inc. today reported net income of $7.1 million for the first quarter of 2008, a 42% increase over the $5.0 million reported for the first quarter of 2007. 

Hallmark Financial Services, Inc. today announces its first ever stock buyback program. 

Hallmark Financial Services, Inc. today reported a record annual net income of $27.4 million for fiscal 2007 as compared to $9.2 million during fiscal 2006.