SECURITY NATIONAL FINANCIAL CORP
For the period ended Mar 31, 2026. Filed May 11, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 11, 2026
SNFCA$9.48+1.4%Stored close · as of Nov 6, 2026
Contents
Part I - Financial Information
| Item 1. | Financial Statements. |
|---|
| Assets | March 31, 2026 | December 31, 2025 |
|---|---|---|
| Investments: | ||
| Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $371,602,158 and $382,401,293 for 2026 and 2025, respectively; net of allowance for credit losses of $675,997 and $579,450 for 2026 and 2025, respectively) | $367,565,925 | $382,777,918 |
| Equity securities at estimated fair value (cost of $12,477,275 and $12,206,559 for 2026 and 2025, respectively) | 18,346,314 | 18,050,062 |
| Mortgage loans held for investment (net of allowance for credit losses of $2,553,360 and $2,588,918 for 2026 and 2025, respectively) | 305,268,440 | 322,435,385 |
| Real estate held for investment (net of accumulated depreciation of $38,595,436 and $37,159,212 for 2026 and 2025, respectively) | 234,345,333 | 214,897,130 |
| Real estate held for sale | 6,388,376 | 6,424,027 |
| Other investments and policy loans (net of allowance for credit losses of $1,518,047 and $1,676,468 for 2026 and 2025, respectively) | 83,502,066 | 85,223,293 |
| Accrued investment income | 9,596,277 | 9,054,645 |
| Total investments | 1,025,012,731 | 1,038,862,460 |
| Cash and cash equivalents | 150,120,283 | 102,256,828 |
| Loans held for sale at estimated fair value | 137,607,689 | 155,968,266 |
| Receivables (net of allowance for credit losses of $1,523,072 and $1,428,672 for 2026 and 2025, respectively) | 16,202,589 | 15,611,074 |
| Restricted assets (including $16,832,910 and $16,106,168 for 2026 and 2025 respectively, at estimated fair value) | 29,953,633 | 28,805,946 |
| Cemetery perpetual care trust investments (including $6,787,546 and $6,575,744 for 2026 and 2025, respectively, at estimated fair value) | 10,026,606 | 9,871,947 |
| Receivable from reinsurers | 13,460,840 | 13,655,373 |
| Cemetery land and improvements | 11,333,039 | 11,299,283 |
| Mortgage servicing rights, net | 2,460,261 | 2,528,459 |
| Property and equipment, net | 17,890,401 | 18,211,717 |
| Deferred policy and pre-need contract acquisition costs | 137,601,837 | 135,978,803 |
| Value of business acquired | 6,995,363 | 7,109,186 |
| Goodwill | 5,253,783 | 5,253,783 |
| Other | 16,864,886 | 16,431,479 |
| Total Assets | $1,580,783,941 | $1,561,844,604 |
CONDENSED CONSOLIDATED BALANCE SHEETS (Continued)
| March 31, 2026 | December 31, 2025 | |
|---|---|---|
| Liabilities and Stockholders’ Equity | ||
| Liabilities | ||
| Future policy benefits and unpaid claims | $790,945,507 | $799,706,946 |
| Policyholder account balances | 138,842,575 | 140,605,750 |
| Unearned premium reserve | 1,777,365 | 1,824,796 |
| Bank and other loans payable | 108,760,032 | 98,387,919 |
| Deferred pre-need funeral home and cemetery contract revenues | 23,487,532 | 22,991,603 |
| Cemetery perpetual care obligation | 5,998,538 | 5,918,776 |
| Accounts payable | 4,070,711 | 4,150,119 |
| Other liabilities and accrued expenses | 51,291,373 | 51,969,405 |
| Income taxes | 30,094,798 | 25,920,562 |
| Total liabilities | 1,155,268,431 | 1,151,475,876 |
| Stockholders’ Equity | ||
| Preferred Stock - non-voting - $1.00 par value; 5,000,000 shares authorized; none issued or outstanding | - | - |
| Class A: common stock - $2.00 par value; 40,000,000 shares authorized; 22,432,763 shares issued and outstanding as of March 31, 2026 and 22,428,625 shares issued and outstanding as of December 31, 2025 | 44,865,526 | 44,857,250 |
| Class B: non-voting common stock - $1.00 par value; 5,000,000 shares authorized; none issued or outstanding | - | - |
| Class C: convertible common stock - $2.00 par value; 6,000,000 shares authorized; 3,587,237 shares issued and outstanding as of March 31, 2026 and 3,587,237 shares issued and outstanding as of December 31, 2025 | 7,174,474 | 7,174,474 |
| Additional paid-in capital | 90,395,465 | 89,867,763 |
| Accumulated other comprehensive gain, net of taxes | 36,836,062 | 28,762,123 |
| Retained earnings | 255,796,901 | 248,795,475 |
| Treasury stock at cost - 1,137,578 Class A shares and 104,604 Class C shares as of March 31, 2026; and 1,095,964 Class A shares and 104,604 Class C shares as of December 31, 2025 | (9,552,918) | (9,088,357) |
| Total stockholders’ equity | 425,515,510 | 410,368,728 |
| Total Liabilities and Stockholders’ Equity | $1,580,783,941 | $1,561,844,604 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.