Security National Financial Corporation (SNFCA)

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About Security National Financial Corporation

Security National Financial Corporation engages in life insurance, cemetery and mortuary, and mortgage businesses. The company’s Life Insurance segment is involved in selling and servicing lines of life insurance, annuity products, and accident and health insurance. It offers various life insurance products, including funeral plans and interest-sensitive life insurance, as well as other traditional life, accident, and health insurance products; annuity products comprising single and flexible premium deferred annuities, and immediate annuities; and diver’s accident policies. This segment also cedes and assumes various risks with various authorized unaffiliated reinsurers pursuant to reinsurance treaties. Its Cemetery and Mortuary segment operates eight mortuaries and five cemeteries in Utah; and one cemetery in California. This segment also markets plots, interment vaults, mausoleum crypts, markers, caskets, flowers, and other death care related products; and provides professional services of funeral directors, opening and closing of graves, use of chapels and viewing rooms, and use of automobiles and clothing. The company’s Mortgage segment originates and underwrites residential and commercial loans for new construction, existing homes, and real estate projects primarily in Florida, Nevada, Texas, and Utah. It offers residential mortgage lending services to real estate brokers and independent mortgage loan originators. Security National Financial Corporation was founded in 1965 and is headquartered in Draper, Utah. Address: 123 West Election Road, Draper, UT, United States, 84020

Security National Financial Corporation News and around…

Latest news about Security National Financial Corporation (SNFCA) common stock and company :

What Type Of Shareholders Make Up Security National Financial Corporation's (NASDAQ:SNFC.A) Share Registry?
17 Nov, 2021 Yahoo! Finance

Every investor in Security National Financial Corporation ( NASDAQ:SNFC.A ) should be aware of the most powerful...

Security National Financial Corporation Reports Financial Results For The Quarter Ended September 30, 2021
15 Nov, 2021 Yahoo! Finance

SALT LAKE CITY, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the quarter ended September 30, 2021. For the three months ended September 30, 2021, SNFC’s after-tax earnings from operations decreased 63.2% from $29,305,000 in 2020 to $10,791,000 in 2021, on a 18.3% decrease in revenues to $119,509,000. SNFC’s after tax earnings for the nine months ended September 30, 2021, decreased 33.4% to $34,177,000 fro

Security National Financial Corporation Announces Completion of New Corporate Headquarters and Distribution of Stock Dividend
31 Aug, 2021 FinancialContent
Security National Financial Corporation Reports Financial Results for the Quarter Ended June 30, 2020
17 Aug, 2021 Yahoo! Finance

SALT LAKE CITY, Aug. 17, 2021 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the quarter ended June 30, 2021. We would also note that our 2nd quarter Form 10Q, although timely prepared and provided to our XBRL service provider, was filed one day late as a result of unanticipated technical difficulties experienced by the third-party provider. SNFC contracts with a third-party who has the responsibility to convert its SEC

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Security National Financial Corporation Reports Financial Results for the Quarter Ended March 31, 2021
17 May, 2021 Yahoo! Finance

SALT LAKE CITY, May 17, 2021 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the quarter ended March 31, 2021. For the three months ended March 31, 2021, SNFC’s after-tax earnings from operations increased 751% from $1,424,000 in 2020 to $12,129,000 in 2021, on a 54% increase in revenues to $122,659,000. Scott M. Quist, President of the Company, said: “I can’t help but admire the execution excellence our teams have accomplished in the first quarter. Overall earnings are up 1,000%. The low interest rate environment has provided our Mortgage Segment a favorable tailwind but note that every segment’s earnings are up triple digits. The Covid induced climate brings blessings and curses. In no way do we minimize the personal hardships and losses the Pandemic has inflicted on so many individuals and families - our insurance and memorial businesses essentially have front row seats to observe some of those effects. From a financial point of view, low interest rates have helped our Mortgage Segment, but low rates and higher death claims have hurt our Life Segment. In total, death claims increased 37% over 2020 levels with the major part of that increase being Covid related. Better cash and expense management has helped to offset the increased death claims. While our Memorial segment has experienced higher death counts, a major factor in its increased profitability has been improved preneed sales. Again, our job is to execute our business plans in whatever environment we have, and I believe our teams have done that in an admirable fashion.” SNFC has three business segments. The following table shows the revenues and earnings before taxes for the three months ended March 31, 2021, as compared to 2020, for each of the three business segments: Revenues Earnings before Taxes 2021 2020 2021 2020 Life Insurance$38,944,000 $33,206,000 17.3% $2,695,000 $(3,069,000) 187.8% Cemeteries/Mortuaries$6,999,000 $4,014,000 74.4% $2,701,000 $105,000 2,472.4% Mortgages$76,716,000 $42,389,000 81.0% $10,959,000 $4,438,000 146.9% Total$122,659,000 $79,609,000 54.1% $16,355,000 $1,474,000 1,009.6% Net earnings per common share was $.61 for the three months ended March 31, 2021, compared to net earnings of $.08 per share for the prior year, as adjusted for the effect of annual stock dividends. Book value per common share was $14.18 as of March 31, 2021, compared to $13.87 as of December 31, 2020. The Company has two classes of common stock outstanding, Class A and Class C. There were 19,169,211 Class A equivalent shares outstanding as of March 31, 2021. If there are any questions, please contact Mr. Garrett S. Sill or Mr. Scott M. Quist at: Security National Financial CorporationP.O. Box 57250Salt Lake City, Utah 84157Phone: (801) 264-1060Fax: (801) 265-9882 This press release contains statements that, if not verifiable historical fact, may be viewed as forward-looking statements that could predict future events or outcomes with respect to the Company and its business. The predictions in these statements will involve risk and uncertainties and, accordingly, actual results may differ significantly from the results discussed or implied in such forward-looking statements.

Do Insiders Own Lots Of Shares In Security National Financial Corporation (NASDAQ:SNFC.A)?
20 Apr, 2021 Yahoo! Finance

A look at the shareholders of Security National Financial Corporation ( NASDAQ:SNFC.A ) can tell us which group is most...

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02 Apr, 2021 FinancialContent

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Security National Financial Corporation Reports Financial Results for the Year Ended December 31, 2020
31 Mar, 2021 Yahoo! Finance

SALT LAKE CITY, March 31, 2021 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the year ended December 31, 2020. For the twelve months ended December 31, 2020, SNFC’s after-tax earnings from operations increased 410% from $10,894,000 in 2019 to $55,597,000 in 2020, on a 70% increase in revenues to $481,463,000. Scott Quist, Chairman of the Board, President, and Chief Executive Officer of SNFC, said, “For the year total revenues increased 94%, profitability increased over 400%, and we achieved a 21% return on equity. Those spectacular results, delivered in difficult circumstances, reflect the excellence of our Company and its people. I applaud the efforts of all our teams in their considerable accomplishment. Most importantly, every business segment delivered impressive results. “Our mortgage segment was able to take great advantage of the financial market circumstances presented this year. The pandemic-created interest rate declines spurred refinance volumes, made purchase transactions more affordable, and provided generally higher margins. However, taking advantage of the favorable conditions created great operational and staffing problems in the midst of the pandemic, where hiring and training were very difficult. Our hardworking staff met the challenge of the doubled volumes by increasing efficiency in a very difficult environment. Unexpectedly, towards the end of Q4 we were approached regarding the settlement of the 11-year-old Lehman litigation. The litigation had progressed to the point where expensive trial preparation was about to commence, and while we believed we had strong defenses to the claims, weighing the costs of trial versus the certainty of results via settlement, we elected to settle. While the settlement cost was ultimately greater than I anticipated, I feel strongly that the correct decision was to put the matter behind us. Lastly, during 2020 we kept our purchase mortgage strategy firmly in place. While the market naturally provided refinance transactions which we have taken advantage of, more notably we increased our purchase mortgage transactions by 60%. Suffice it to say, our Mortgage Segment provided spectacular results. “Our Insurance Segment also provided spectacular results improving profitability 81% in, again, a very challenging year. While year-over-year death claim comparisons are difficult for a number of reasons, to include the acquisition of Kilpatrick Life and the vagaries inherent in determining COVID related claims, what I can say is that death claims increased 40% YOY. While it does seem that the pace of COVID related claims has been abating, I think it fair to say that COVID will continue to have a financial impact for some time to come. Offsetting that claims increase was improved investment income due to better cash utilization, increased asset size, the lease-up of our Center 53 office development, and improved operating costs. Companywide, we transitioned to an 85% work from home model which made the operational cost achievement more impressive. Our Kilpatrick Life Insurance Company acquisition has been integrated with much of that work being accomplished during difficult COVID related circumstances. “Our Memorial segment also provided spectacular results with operational income increasing 83% YOY. Again, this was accomplished during difficult COVID related circumstances where, for a period of time, traditional funeral services were essentially banned and even when bans were lifted there were significant size and other restrictions placed upon the funeral services. Substantially contributing to that profit improvement was increased preneed cemetery sales, but basic mortuary and cemetery operations were also significant contributors. This excellent performance is not an isolated instance. It is instructive to note that our Memorial segment has achieved an average 24% compound annual growth rate in operational income over the last six years. In my view, such excellent financial results are the natural consequence of continuously providing superb customer care and consumer experience during very difficult times.” SNFC has three business segments. The following table shows the revenues and earnings before taxes for the twelve months ended December 31, 2020, as compared to 2019, for each of the three business segments: Revenues Earnings before Taxes 2020 2019 2020 2019 Life Insurance$151,042,000 $125,739,000 20.1% $11,923,000 $6,566,000 81.6% Cemeteries/Mortuaries$21,046,000 $16,502,000 27.5% $4,399,000 $2,660,000 65.4% Mortgages$309,375,000 $140,820,000 119.7% $55,128,000 $4,718,000 1,068.5% Total$481,463,000 $283,061,000 70.1% $71,450,000 $13,944,000 412.4% Net earnings per common share was $2.88 for the twelve months ended December 31, 2020, compared to net earnings of $.58 per share for the prior year, as adjusted for the effect of annual stock dividends. Book value per common share was $13.87 as of December 31, 2020, compared to $10.86 as of December 31, 2019. The Company has two classes of common stock outstanding, Class A and Class C. There were 19,036,549 Class A equivalent shares outstanding as of December 31, 2020. If there are any questions, please contact Mr. Garrett S. Sill, Mr. Brian Nelsen or Mr. Scott Quist at: Security National Financial Corporation P.O. Box 57250 Salt Lake City, Utah 84157 Phone (801) 264-1060 Fax (801) 265-9882

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Should You Be Adding Security National Financial (NASDAQ:SNFC.A) To Your Watchlist Today?
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Security National Financial Corporation Announces Expansion Lease to R1 in its Center 53 Campus in Murray, Utah
05 Jan, 2021 Yahoo! Finance

MURRAY, Utah, Jan. 05, 2021 (GLOBE NEWSWIRE) -- Security National Financial Corporation (NASDAQ-SNFCA) is pleased to announce a new lease totaling approximately 100,800 square feet in building two of its Center 53 campus located in Murray, Utah.R1 RCM Inc. (NASDAQ-RCM), who is also a tenant in building one, has leased space in building two for its’ expansion. In 2020, Security National broke ground on its second building of the Center 53 campus. Incorporating R1 as a tenant in building two brings the preleased occupancy of that building to 50%.R1 is the leading provider of technology-enabled RCM (Revenue Cycle Management) services for hospitals, health systems and physician groups. With a flexible engagement approach, R1 seamlessly complements a healthcare organization’s infrastructure, quickly driving sustainable improvements to net patient revenue and cash flows while reducing operating costs and enhancing the patient’s financial experience.Scott Quist, President and Chief Executive Officer for Security National, stated, “It’s great to see R1 make a further commitment to their business operations in Salt Lake. With the COVID-19 virus still rampant, there has been worry about the office market, but we see this as a positive sign for our submarket and acceptance of the Center 53 campus. Through the first three quarters of 2020 and now with this expansion of a major tenant we are optimistic for the future.”This press release contains statements that, if not verifiable historical fact, may be viewed as forward-looking statements that could predict future events or outcomes with respect to Security National Financial Corporation and its business. The predictions in the statements will involve risk and uncertainties and, accordingly, actual results may differ significantly from the results discussed or implied in such forward-looking statements.For Further Information Contact: Garrett S. Sill or Brian Nelsen Security National Financial Corporation P.O. Box 57220 Salt Lake City, Utah 84157 (Telephone) (801) 264-1060 (Fax) (801) 265-9882 Website: www.securitynational.com

Security National Financial (NASDAQ:SNFC.A) Shareholders Booked A 82% Gain In The Last Three Years
18 Dec, 2020 Yahoo! Finance

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Security National Financial Corporation again named “Top Workplace in Utah”
15 Dec, 2020 Yahoo! Finance

The Salt Lake Tribune Top Workplaces 2020 The Salt Lake Tribune Top Workplaces 2020SALT LAKE CITY, Dec. 15, 2020 (GLOBE NEWSWIRE) -- Security National Financial Corporation (NASDAQ-SNFCA) has again been named as one of Utah’s Top Workplaces. On December 9, 2020, Security National received this award from the Salt Lake Tribune as part of this year’s Top Workplaces employee survey.  This is the fifth consecutive year that the Security National family of companies has been named as a top place to work in the “large companies” category. The Top Workplaces Award recognizes the best organizations, as voted by their employees.The 2020 Top Workplaces employee survey was conducted by Energage, which specializes in employee satisfaction surveys. Energage utilizes a proprietary scoring and ranking system that confidentially analyzes the results of employee surveys.Despite the extraordinary difficulties experienced throughout the country this year, Security National has seen tremendous growth in both its employee base and financial results. The Company views the award as a validation that its COVID protocols and revised employee processes have contributed to increased employee efficiency and satisfaction.Through its three business segments; Life Insurance, Mortgage Lending, and Mortuaries and Cemeteries, the Company has experienced continued growth, allowing it to provide good jobs in many communities throughout the nation. Winning this award for five straight years is a great honor and a testament to the high level of employee satisfaction in the Company and to the valuable opportunities the Company provides to its employees to help them further their careers.This press release contains statements that, if not verifiable historical fact, may be viewed as forward-looking statements that could predict future events or outcomes with respect to Security National Financial Corporation and its business. The predictions in the statements will involve risk and uncertainties and, accordingly, actual results may differ significantly from the results discussed or implied in such forward-looking statements.For Further Information Contact: Garrett S. Sill or Brian Nelsen Security National Financial Corporation P.O. Box 57250 Salt Lake City, Utah 84157 (Telephone) (801) 264-1060 (Fax) (801) 265-9882 Website: www.securitynational.comA photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1b3c9b8d-41cb-4c7e-ae96-6e8b2ce4f33d

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Security National Financial Corporation (SNFCA) is a NASDAQ Common Stock listed in , ,

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