Security National Financial Corp Year-End 2025: “Our best year ever”

March 23, 2026/Finance/

Security National Financial Corporation (SNFC), the parent company of Security National Life, which includes end-of-life preneed insurance, a funeral home and cemetery division known as Memorial Mortuary and Cemeteries, and Death Care insurance assignment firm C&J Financial, reported their 4th Quarter 2025 and Year-End 2025 financial results last week.

You can access SNFC’s press release and report here.

Here’s what Scott M. Quist, CEO and Chairman of the Board of the Salt Lake City-area based public company said in his opening remarks about the Year-end performance, “Absent the pandemic related years of 2020 and 2021, this was our best net profit year ever, beating 2024 by nearly 11%, which is significant realizing that 2024 was our previous best year ever, again absent 2020 and 2021.”

Quist continued on by making the following statement in reference not only to the full year results, but specifically the results of the latest 4th Quarter of 2025, “Regarding my use of the phrase “very good” in describing our year end results, I think anytime a financial services company achieves a 2% return on total assets is “very good”. Our entire team, Mortgage, Life Insurance, and Cemetery and Mortuary joined together to produce that result. Going to my use of the word “excellent” describing quarterly results, I think anytime we achieve a nearly 200% increase over the prior year’s Q4 is “excellent”.

In reference to the specific segments of SNFC, Quist made these comments, “. . . .2025 is our Insurance Segment’s best operational year ever. We did, and are continuing to, expend considerable strategic thought, effort, and expense to improve our sales systems both from the agent and managerial views and our end customer’s view in order to grow our top-line revenue. We have brought on, and continue to bring on, new capable talent and have continued to refine and improve our sales support and commission systems.”

As for the mortuary and cemetery division, Quist made these comments, “Our Cemetery and Mortuary Segment delivered a nearly 30% EBITDA margin for the year, which is “very good” especially considering the increasing cremation rates. Here we have also brought on new sales talent and continue to spend considerable resources refining our sales support systems to grow top-line revenue. We believe revenue will grow as we drive the implementation of our initiatives.”

When you look at the individual segments and their financial results you will see that for the year the Insurance segment grew revenues 5.1% from about $191.5 million to $201.2 million. That number led to about a $3 million, or 7.6% increase in Earnings before Taxes. The 4th Quarter showed even better results — a 9.2% increase in revenues leading to an over 30% increase in Earnings before Taxes.

For the Mortuary and Cemetery segment, year-end 2025 revenues were flat. However, 4Q25 showed great promise with a 9.7% revenue increase and an Earnings before Taxes number that almost doubled from $877,000 in 4Q24 to $1.74 million in 4Q25.

Disclaimer — The author of this article for Funeral Director Daily is a shareholder of Security National Financial Corporation.

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