UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                           Washington, D. C. 20549

                                   FORM 8-K

                                CURRENT REPORT

    Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


      Date of Report (Date of earliest event reported):  March 10, 2003



                      HALLMARK FINANCIAL SERVICES, INC.
                      ---------------------------------
            (Exact name of registrant as specified in its charter)



            Nevada                  0-16090                87-0447375
 ----------------------------     -----------          -------------------
 (State or other jurisdiction     (Commission             (IRS Employer
       of incorporation)          File Number)         Identification No.)


   14651 Dallas Parkway, Suite 900, Dallas, Texas             75254
   ----------------------------------------------          ----------
      (Address of principal executive offices)             (Zip Code)


    Registrant's telephone number, including area code:  (972) 404-1637


                                Not Applicable
        (Former name or former address, if changed since last report.)




 Item 7.   Financial Statements, Pro Forma Financial Information and
           Exhibits.

 (c)                 Exhibits.

           99.1 Press release dated March 10, 2003



 Item 12.  Results of Operations and Financial Condition.

      On March 10, 2003, the Registrant issued a press release announcing its
 financial results for the  fourth quarter and full  year ended December  31,
 2003.  A copy of the Registrant's press release is attached as  Exhibit 99.1
 to this Current Report.



                                  SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act of 1934,
 the registrant has duly caused this report to be signed on its behalf by the
 undersigned hereunto duly authorized.


                               HALLMARK FINANCIAL SERVICES, INC.



 Date:  March 14, 2003         By: /s/ Scott K. Billings
                               -------------------------
                               Scott K. Billings, Its Chief Financial Officer