CARRIAGE SERVICES INC
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
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Receivables from Preneed Funeral Trusts
- RECEIVABLES FROM PRENEED FUNERAL TRUSTS
Our receivables from preneed funeral trusts represent assets in trusts which are controlled and operated by third parties in which we do not have a controlling financial interest (less than 50%) in the trust assets. We account for these investments at cost. Receivables from preneed funeral trusts are as follows (in thousands):
| December 31, 2025 | December 31, 2024 | |
|---|---|---|
| Preneed funeral trust funds, at cost | $16,758 | $23,063 |
| Less: allowance for contract cancellation | (503) | (691) |
| Receivables from preneed funeral trusts, net | $16,255 | $22,372 |
The following summary reflects the composition of the assets held in trust and controlled by third parties to satisfy our future obligations related to the underlying preneed funeral contracts at December 31, 2025 and 2024. The cost basis includes reinvested interest and dividends that have been earned on the trust assets. Fair value includes unrealized gains and losses on trust assets.
The composition of the preneed trust funds at December 31, 2025, is as follows (in thousands):
| Historical Cost Basis | Fair Value | |
|---|---|---|
| Cash and cash equivalents | $2,220 | $2,220 |
| Fixed income investments | 11,108 | 11,108 |
| Mutual funds and common stocks | 3,426 | 3,306 |
| Annuities | 4 | 4 |
| Total | $16,758 | $16,638 |
The composition of the preneed trust funds at December 31, 2024, is as follows (in thousands):
| Historical Cost Basis | Fair Value | |
|---|---|---|
| Cash and cash equivalents | $6,826 | $6,826 |
| Fixed income investments | 12,998 | 12,998 |
| Mutual funds and common stocks | 3,235 | 2,999 |
| Annuities | 4 | 4 |
| Total | $23,063 | $22,827 |
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