Security National Financial Reports Quarterly Results

As we come to the end of the earnings reporting period for the public death care companies we give you the quarterly report for Security National Financial Corporation.  Security National is the Utah based public company that operates in three segments — insurance, cemeteries and funerals, and mortgages.  Funeral Director Daily is most focused on their cemetery and funeral group.  You can read their latest report here.

According to the report, SNFC’s Memorial Cemetery and Mortuary group increased revenues for the quarter almost 60% over last year’s same quarter.  However, there was a sale of a property in that number, but management notes that if you strip away that sale, the segment still improved operating earnings 34%.

Management also noted that the segment made great progress on pre-need cemetery sales – those being up more than 20%.

Net earnings per common share of stock was $0.20 for the quarter as compared to $0.15 for the same quarter of 2017.

Funeral Director Daily note:  We plan to bring you the quarterly earnings report for Park Lawn Corporation tomorrow.

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