Finance

Security National Memorial segment increases Sales and Profits

Foundation Partners why I partnered

Last week, public company Security National Financial Corporation reported the results of their First Quarter of 2018.  In the press release that you can read here they report that two of their three operating segments had increases in sales and profits on a year over year basis.

As you may recall, Security National Financial Corporation is based in Utah and operates divisions which include Life Insurance, Memorial (funeral homes and cemeteries), and Mortgages.  Both the Life Insurance and the Memorial segments had higher sales and incomes while the Mortgage division struggled during the quarter.

The Memorial division, which is of the most interest to us at Funeral Director Daily, recorded sales of almost $3.8 million compared to sales of just over $3.6 million from a year ago.  That is a 4.7% increase.  Earnings in that division increased from $759,000 in 2017 to $861,000 in 2018. . . .an increase of 13.4%

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