The general theoretical definition of an insulator is a material in which the conductivity vanishes at the absolute zero of temperature. In classical insulators, such as materials with a band gap, vanishing conductivities lead to diverging resistivities. But other insulators can show more complex behaviour, particularly in the presence of a high magnetic field, where different components of the resistivity tensor can display different behaviours: the magnetoresistance diverges as the temperature approaches absolute zero, but the transverse (Hall) resistance remains finite. Such a system is known as a Hall insulator. Here we report experimental evidence for a quantized Hall insulator in a two-dimensional electron system—confined in a semiconductor quantum well. The Hall resistance is quantized in the quantum unit of resistance h/e², where h is Planck's constant and e the electronic charge. At low fields, the sample reverts to being a normal Hall insulator.