SECURITY NATIONAL FINANCIAL CORP
For the period ended Jun 30, 2026. Filed Aug 10, 2026.
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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.
Jun 30, 2026 · Filed Aug 10, 2026
SNFCA$9.07-3.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Condensed Consolidated Statements of Earnings
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenues: | ||||
| Insurance premiums and other considerations | $28,704,662 | $30,185,854 | $57,559,916 | $59,965,379 |
| Mortgage fee income | 25,797,533 | 29,485,104 | 49,287,192 | 54,294,345 |
| Net investment income | 16,428,901 | 20,580,988 | 34,930,249 | 39,783,612 |
| Net funeral home and cemetery sales | 7,599,588 | 7,257,717 | 15,333,411 | 14,557,938 |
| Gains on investments and other assets | 4,580,323 | 1,142,707 | 4,931,071 | 1,728,728 |
| Other | 815,041 | 888,779 | 1,612,989 | 1,950,870 |
| Total revenues | 83,926,048 | 89,541,149 | 163,654,828 | 172,280,872 |
| Benefits and expenses: | ||||
| Policyholder benefits and claims (including the impact of assumption updates to the liability for future policy benefits of nil and nil for the three and six months ended June 30, 2026 and 2025, respectively) | 24,317,248 | 25,515,540 | 48,856,645 | 50,970,714 |
| Amortization of deferred policy and pre-need acquisition costs and value of business acquired | 2,937,896 | 2,873,507 | 5,917,214 | 5,670,506 |
| Selling, general and administrative expenses: | ||||
| Commissions | 10,316,926 | 13,465,338 | 19,110,786 | 23,903,719 |
| Personnel | 20,505,977 | 22,171,345 | 41,107,613 | 44,353,753 |
| Advertising | 730,345 | 940,448 | 1,467,408 | 1,764,393 |
| Rent and rent related | 786,406 | 937,139 | 1,608,683 | 1,925,750 |
| Depreciation on property and equipment | 587,485 | 599,018 | 1,167,575 | 1,214,153 |
| Costs related to funding mortgage loans | 1,610,111 | 1,891,789 | 3,284,088 | 3,307,041 |
| Other | 8,192,720 | 7,955,635 | 15,911,916 | 15,356,322 |
| Interest expense | 1,104,549 | 1,293,438 | 2,100,748 | 2,412,966 |
| Cost of goods and services sold-funeral home and cemetery | 1,177,676 | 1,159,283 | 2,411,125 | 2,412,553 |
| Total benefits and expenses | 72,267,339 | 78,802,480 | 142,943,801 | 153,291,870 |
| Earnings before income taxes | 11,658,709 | 10,738,669 | 20,711,027 | 18,989,002 |
| Income tax expense | (2,677,012) | (2,367,914) | (4,727,904) | (4,204,512) |
| Net earnings | $8,981,697 | $8,370,755 | $15,983,123 | $14,784,490 |
| Net earnings per Class A Equivalent common share (1) | $0.34 | $0.32 | $0.61 | $0.57 |
| Net earnings per Class A Equivalent common share-assuming dilution (1) | $0.33 | $0.31 | $0.60 | $0.55 |
| Weighted-average Class A equivalent common shares outstanding (1) | 26,040,005 | 26,007,334 | 26,049,116 | 25,973,466 |
| Weighted-average Class A equivalent common shares outstanding-assuming dilution (1) | 26,892,689 | 26,806,867 | 26,838,648 | 26,907,436 |
| (1) | Net earnings per share have been adjusted retroactively for the effect of annual stock dividends. The weighted-average shares outstanding includes the weighted-average Class A common shares and the weighted-average Class C common shares determined on an equivalent Class A common stock basis. Net earnings per common share represent net earnings per equivalent Class A common share. |
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