Finance Preneed

Get to know Assurant

As you are probably aware of we at Funeral Director Daily have built up our own index of public stocks which reflect six companies with, at least a part of their business entity in the Death Care profession.  Our hope is that by watching this index, and how the companies operate, we can learn something of value to bring to each of us in the industry. Yesterday I noticed an interesting item about Assurant, one of those six stocks, mentioned […]


DCI Value Slightly Down, Yield Up

We last visited the Death Care Index (DCI) following the March 3, 2017 market close.  At that time the value of one share of each of the six death care industry stocks that make up the index totaled together would have equaled $269.84 with an annual dividend of $5.66 for a 2.06% yield.  As of the close on Friday, May 19, the DCI was valued at $265.59 with an annual dividend of $5.74 for a 2.16% yield. In the world […]

Business Finance

StoneMor Names New CEO and CFO

On Wednesday, May 17, StoneMor Partners took some steps to reverse the fortunes of their company when they named a new CEO and a new CFO to replace departed CFO Sean McGrath and CEO Lawrence Miller.  StoneMor has been plagued for over the last year with quarterly losses, decreased cash flows, and a cut of its dividend to shareholders. According to the Philadelphia Business Journal the company named former utility company executive Paul Grady as its new CEO and Mark […]

Business Finance

Funeral Home Bankruptcy in New York

I just read an article on something you don’t see very often in the funeral industry.  An article that was posted in the Times Herald Recordonline from Orange County, New York, pertained to the bankruptcy case, and hopeful solution to it, of a funeral business from that area. The article is about Mr. Anthony Ingrassia who is president of a funeral home business with four locations in the area.  The article points out that he filed for Chapter 11 bankruptcy […]

Business Finance Preneed

Shaffer to Lead Homesteaders Beginning in 2018

A recent press release by Homesteaders Life Company, a funeral industry pre-arrangement company,  announced that a succession plan for the leadership of the company was recently passed at their May 2017 meeting.  Using forward thinking the board accepted CEO Stephen Lang’s pending retirement in March 2018 and approved the plan to have COO Stephen Shaffer succeed him at that time. Beginning immediately Shaffer will have an increasing assumption of day-to-day activities at Homesteaders, which is based in West Des Moines, […]


SCI Announces First Quarter Results

In a Press Release dated April 26, 2017, Service Corporation International announced that they earned $0.38 per share in the first quarter as compared to their 2016 result of $0.28 for the same time period.  Tom Ryan, the company’s CEO explained, ” Strong preneed cemetery sales production and an increase in funeral services performed were the primary factors that drove the earnings improvement for the quarter.” Other Highlights included: Revenue of over $777 million as compared to 2016 revenue of […]


Carriage Services Reports Record Q1 2017 Revenues

According to a Carriage Services Press Release of April 26, 2017, the company posted record revenue results for the First Quarter of 2017.  Carriage announced that their revenue for the first three months of 2017 was $68.1 million as compared to last years $63.3 million for the same time period — an  increase of 7.6% Earnings per share, however,were lower at $0.45 per share as compared to last year’s $0.47 per share and analysts estimates of $0.49 per share.  The press […]

Business Cemetery Finance

An Opinion on StoneMor Partners

An opinion from Seeking Alpha recently came out on one of Funeral Director Daily’s Death Care Index (DCI) stocks, namely StoneMor Partners.  The article is a really good read and goes into quite some detail on what has been happening with the company in the past six months. According to the article, the company has a market capitalization of about $234 million and has more than $316 million in debt.  It also notes that the company stock has dropped over […]

Business Cemetery Finance Preneed

The Latest News from StoneMor Partners

StoneMor Partners, the Philadelphia based funeral home and cemetery  limited partnership that is publicly traded, issued some interesting news this week.  First of all, CEO Larry Miller, one of the firm’s founders has announced his resignation effective on August 31, 2017, or when a replacement is named.  Secondly, according to an article in, the company has entered into a partnership with the Donohue Funeral Homes which serve the Philadelphia area. According to Bill Johnson, StoneMor’s national vice president of […]


Australian Giant InvoCare closing U.S. Funeral Operations

Australia’s largest operator of funeral homes, InvoCare, will be closing its small United States funeral  business that it began in 2015 according to an article in the Australian Financial Review Weekend.  The company’s American funeral business is headquartered in Los Angeles and used a business model where it relied on digital advertisers to lead client families to their business which was operated with mobile funeral arrangers. According to the article, InvoCare has invested about $6 million ($US) as of now […]