Security National Financial Corporation

Have investors lost faith in Death Care?

By Funeral Director Daily / December 4, 2023 /

  If you are an investor — and with IRA’s and 401K plans virtually everyone is in today’s world — the month of November 2023 gave you reason for optimism.   After a couple of sluggish years of investor equity growth there now seems to be a light at the end of the tunnel with…

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Security National shows the way

By Funeral Director Daily / November 20, 2023 /

  In business it is many times believed that the smaller you are, the more nimble you can be.  And, if you live on a lake or an ocean you probably have heard the phrase that you “can turn around a jetski faster than an aircraft carrier”.   Both of those thoughts came to my…

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Security National bucks the trend, increases margin in 2Q 2023

By Funeral Director Daily / August 21, 2023 /

    On August 14, Security National Financial Corporation (SNFC) issued this press release on its 2nd Quarter 2023 financial results.  The company which operates in three segments — Life Insurance, Memorial, and Mortgages, saw their after tax earnings increase nearly 78% from about $3.6 million in 2Q 2022 to over $6.3 million in 2Q…

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Security National Financial Corporation: Balance leads to 1Q 2023 profitability

By Funeral Director Daily / May 24, 2023 /

    Security National Financial Corporation (SNFC) issued their report on their results for the 1st Quarter of 2023 last week and in doing so credited their “balanced nature of their businesses” for the performance.   We follow SNFC because of their involvement in what they term their “Memorial Segment” — a portion of their…

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Security National after tax earnings decline 121% in 3Q 2022

By Funeral Director Daily / November 18, 2022 /

In the 3rd Quarter of 2022 earnings release for Security National Financial Corporation (SNFC) released earlier this week, Scott M. Quist, the company’s President stated, “2022 is continuing to be a challenging year for our Company due primarily to the dramatic rise in inflation and interest rates, and the dramatic fall in equity values. In…

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Security National sees death claims “level off” and announces relationship with Live Oak Bank

By Funeral Director Daily / August 23, 2022 /

Security National Financial Corporation (SNFC) is the last of our seven companies that comprise the Death Care Index (DCI) to report financial numbers for the April thru June 2022 period. . . which they did last week.  You can see the SNFC press release and numbers here. As you may know, SNFC operates three divisions…

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Security National’s 1st Quarter — Memorial segment has revenue rise, but earnings decrease

By Funeral Director Daily / May 31, 2022 /

Security National Financial Corporation (SNFC), the Utah based company that has three separate business segments including those that operate in the retail mortuary and cemetery space, the preneed insurance space, and is also the parent company of C & J Financial, had very mixed results in the 1st Quarter of 2022 as seen in their…

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Recapping FY 2021 with the public companies

By Funeral Director Daily / May 2, 2022 /

When you read this it will already be May 2022 and we will be two-thirds of the way into the 2nd Quarter of most company’s 2022 business year.  As a matter of fact, the reports of January thru March have already started to roll out as Matthews International provided us information on the January thru…

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Security National Financial shows earnings increases in both Memorial and Life Insurance segments

By Funeral Director Daily / April 13, 2022 /

Security National Financial Corporation (SNFC), the Utah based multi-pronged company with divisions in funeral homes and cemeteries and also with its insurance division involved in preneed insurance, had its full-year after-tax earnings drop from $55.5 million in 2020 to $39,5 million in 2021.  It’s Earnings before taxes also dropped about $20 million for the three…

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Death Care Index drops Year to Date in line with Indices

By Funeral Director Daily / March 14, 2022 /

Since the first of the year there has been a lot in the news. . . . and news that is probably more consequential than other 75-day time periods over the last couple of years.  Let’s see. . . there’s been the Omicron variant, supply shortages, inflation, and the Russian invasion of the Ukraine.  On…

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