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 offers plots, interment vaults, mausoleum crypts, markers, caskets, urns, 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, builders, and independent mortgage loan originators. Security National Financial Corporation was founded in 1965 and is headquartered in Draper, Utah.
IPO Year:
Exchange: NASDAQ
Website: securitynational.com
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MURRAY, Utah, May 19, 2025 (GLOBE NEWSWIRE) -- Security National Financial Corporation (NASDAQ:SNFCA), announced the successful conclusion of its lending transaction which facilitated the development of the Arrowhead Ranch residential project located in Payson, Utah. As a result of this transaction Security National realized "profit-split" income of nearly $4,000,000, which was in addition to the over $3,200,000 in interest and origination fees which were earned over the term of the loan. This acquisition and development loan was originated by the Company in June of 2021 in relation to over 500 planned residential units across various product types on a 162-acre parcel. The Company belie
SALT LAKE CITY, May 16, 2025 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the quarter ended March 31, 2025. For the three months ending March 31, 2025, SNFC's after tax earnings decreased approximately 42%, or $3.1MM, from $7,475,000 in 2024 to $4,338,000 in 2025. Pre Tax earnings decreased approximately 42%, or $4.05MM, to $5.571MM (please see the table below). Scott Quist, Chairman of the Board, President, and Chief Executive Officer of SNFC, said, "A decrease in quarterly income is never our goal and falls below our self-set standards. Despite the decrease in net income, I believe that as a Company we perfor
SALT LAKE CITY, May 08, 2025 (GLOBE NEWSWIRE) -- Security National Financial Corporation (NASDAQ:SNFCA) announces that on May 15, 2025, it will hold an earnings call to highlight its 1st Quarter earnings. The 30-minute call will commence at approximately 1PM (MDT) on May 15th and will include a review of Q1 results as well as an update from the Company's three business segments. If time permits, the presenters will also answer questions by any participants. Shareholders may access the earnings call by clicking the link below: https://investor.securitynational.com/news-and-events/events-and-presentations The earnings call can also be accessed directly from the Company's websi
SALT LAKE CITY, March 31, 2025 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the year ended December 31, 2024. For the twelve months ended December 31, 2024, SNFC's after-tax earnings from operations increased 83% from $14,495,000 in 2023 to $26,536,000 in 2024, on a 5% increase in revenues to $334,523,000. Scott Quist, Chairman of the Board, President, and Chief Executive Officer of SNFC, said, "2024 marked another year of solid progress for our Company. Our Life Insurance Segment had its best operational year ever, delivering a 25% improvement over 2023 which was its previous best year ever. We believe there i
SALT LAKE CITY, March 24, 2025 (GLOBE NEWSWIRE) -- Security National is deeply saddened to announce the passing of Mia Love, a valued and respected member of our Board of Directors. Ms. Love passed away following a courageous battle with cancer. Mia Love, a former U.S. Congresswoman and distinguished public servant, brought invaluable leadership, insight, and dedication to Security National during her tenure on the board. Her expertise in public policy, governance, and strategic development played a crucial role in advancing our mission and strengthening our commitment to excellence. Scott Quist, CEO of Security National, stated: "We are heartbroken by the loss of Mia Love. She was n
SALT LAKE CITY, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the quarter ended September 30, 2024. For the three months ended September 30, 2024, SNFC's after tax earnings increase nearly 193% from $4,041,000 in 2023 to $11,831,000 in 2024. For the nine months ended September 30, 2024, after tax earnings increased 128% to $26,578,000 from $11,634,000 in 2023. Scott M. Quist, President of the Company, said: "I continue to be pleased with our Company's financial performance in 2024. To have a 128% increase in net income resulting in a nearly 11% return on equity for the first 9 months is an e
SALT LAKE CITY, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the quarter ended June 30, 2024. For the three months ended June 30, 2024, SNFC's after tax earnings increase nearly 15% from $6,353,000 in 2023 to $7,272,000 in 2024. For the six months ended June 30, 2024, after tax earnings increased 94% to $14,746,000 from $7,593,000 in 2023. Scott M. Quist, President of the Company, said: "I am quite pleased with our Company's financial performance in the first half of 2024. To have a 95% increase in pretax income over 2023 is an excellent performance. In my view our operational income was even bet
SALT LAKE CITY, June 24, 2024 (GLOBE NEWSWIRE) -- Security National Financial Corporation (NASDAQ:SNFCA) announces that on June 21, 2024, its Board of Directors has authorized a 5% stock dividend for stockholders of record on July 5, 2024. The stock dividend will be issued on July 12, 2024. Scott Quist, President and Chief Executive Officer of Security National Financial Corporation, stated: "This is the Company's 36th consecutive year in declaring a stock dividend. We find many of our stockholders are pleased with the stock dividend due to the options it affords for long-term appreciation or cash flow if they choose to sell the shares." This press release contains statements that, if no
SALT LAKE CITY, May 16, 2024 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced a new sales division within Security National Life Insurance Company (SNL). Adam Quist, President of SNL, said: "We are pleased to announce that Security National Life has partnered with Latinos Unidos to lead our new Loyalty Sales Division. This new undertaking focuses on providing final expense plans that are both versatile and tailored to the unique needs of our customers and insurance agents. Additionally, we are excited to introduce a new, exclusive service: the Loyalty Family Support Plan. Through this plan, we offer a dedicated funeral concierge to supp
SALT LAKE CITY, May 14, 2024 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the quarter ended March 31, 2024. For the three months ended March 31, 2024, SNFC's before tax earnings from operations increased 507% from $1,585,000 in 2023 to $9,619,000 in 2024, on a 2% increase in revenues to $81,188,000. Scott Quist, Chairman of the Board, President, and Chief Executive Officer of SNFC, said, "Anytime we increase earnings 507% we are pleased. Obviously, since total revenues increased only 2%, the bulk of the earnings improvement came from expense control. Total expenses decreased a little over 8%, with the bulk of t
SALT LAKE CITY, May 16, 2025 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the quarter ended March 31, 2025. For the three months ending March 31, 2025, SNFC's after tax earnings decreased approximately 42%, or $3.1MM, from $7,475,000 in 2024 to $4,338,000 in 2025. Pre Tax earnings decreased approximately 42%, or $4.05MM, to $5.571MM (please see the table below). Scott Quist, Chairman of the Board, President, and Chief Executive Officer of SNFC, said, "A decrease in quarterly income is never our goal and falls below our self-set standards. Despite the decrease in net income, I believe that as a Company we perfor
SALT LAKE CITY, March 31, 2025 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the year ended December 31, 2024. For the twelve months ended December 31, 2024, SNFC's after-tax earnings from operations increased 83% from $14,495,000 in 2023 to $26,536,000 in 2024, on a 5% increase in revenues to $334,523,000. Scott Quist, Chairman of the Board, President, and Chief Executive Officer of SNFC, said, "2024 marked another year of solid progress for our Company. Our Life Insurance Segment had its best operational year ever, delivering a 25% improvement over 2023 which was its previous best year ever. We believe there i
SALT LAKE CITY, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the quarter ended September 30, 2024. For the three months ended September 30, 2024, SNFC's after tax earnings increase nearly 193% from $4,041,000 in 2023 to $11,831,000 in 2024. For the nine months ended September 30, 2024, after tax earnings increased 128% to $26,578,000 from $11,634,000 in 2023. Scott M. Quist, President of the Company, said: "I continue to be pleased with our Company's financial performance in 2024. To have a 128% increase in net income resulting in a nearly 11% return on equity for the first 9 months is an e
SALT LAKE CITY, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the quarter ended June 30, 2024. For the three months ended June 30, 2024, SNFC's after tax earnings increase nearly 15% from $6,353,000 in 2023 to $7,272,000 in 2024. For the six months ended June 30, 2024, after tax earnings increased 94% to $14,746,000 from $7,593,000 in 2023. Scott M. Quist, President of the Company, said: "I am quite pleased with our Company's financial performance in the first half of 2024. To have a 95% increase in pretax income over 2023 is an excellent performance. In my view our operational income was even bet
SALT LAKE CITY, June 24, 2024 (GLOBE NEWSWIRE) -- Security National Financial Corporation (NASDAQ:SNFCA) announces that on June 21, 2024, its Board of Directors has authorized a 5% stock dividend for stockholders of record on July 5, 2024. The stock dividend will be issued on July 12, 2024. Scott Quist, President and Chief Executive Officer of Security National Financial Corporation, stated: "This is the Company's 36th consecutive year in declaring a stock dividend. We find many of our stockholders are pleased with the stock dividend due to the options it affords for long-term appreciation or cash flow if they choose to sell the shares." This press release contains statements that, if no
SALT LAKE CITY, May 14, 2024 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the quarter ended March 31, 2024. For the three months ended March 31, 2024, SNFC's before tax earnings from operations increased 507% from $1,585,000 in 2023 to $9,619,000 in 2024, on a 2% increase in revenues to $81,188,000. Scott Quist, Chairman of the Board, President, and Chief Executive Officer of SNFC, said, "Anytime we increase earnings 507% we are pleased. Obviously, since total revenues increased only 2%, the bulk of the earnings improvement came from expense control. Total expenses decreased a little over 8%, with the bulk of t
SALT LAKE CITY, April 01, 2024 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the year ended December 31, 2023. For the twelve months ended December 31, 2023, SNFC's after-tax earnings from operations decreased 44% from $25,690,000 in 2022 to $14,495,000 in 2023, on a 18% decrease in revenues to $318,497,000. Scott Quist, Chairman of the Board, President, and Chief Executive Officer of SNFC, said, "2023 was a year where the financial balance of our company demonstrated itself. With the increasing interest rates and improving premium margins our life insurance business segment had its best operational year ever, e
SALT LAKE CITY, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the quarter ended September 30, 2023. For the three months ended September 30, 2023, SNFC's after tax earnings increase nearly 272% from a loss of $2,353,000 in 2022 to a gain of $4,041,000 in 2023. For the nine months ended September 30, 2023, after tax earnings increased 161% to $11,634,000 from $4,450,000 in 2022. Scott M. Quist, President of the Company, said: "I am quite pleased with our Company's financial performance in the third quarter and year to date. To have triple digit increases over both 2022 third quarter and YTD net inc
SALT LAKE CITY, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the quarter ended June 30, 2023. For the three months ended June 30, 2023, SNFC's after tax earnings increase nearly 78% from $3,574,000 in 2022 to $6,353,000 in 2023. For the six months ended June 30, 2023, after tax earnings increased 12% to $7,593,000 from $6,803,000 in 2022. Scott M. Quist, President of the Company, said: "I can say that I am quite pleased with our financial performance in the second quarter. To have a 78% increase over 2022 Q2 and a 12% increase in YTD after tax income is an excellent performance, especially when c
SALT LAKE CITY, June 26, 2023 (GLOBE NEWSWIRE) -- Security National Financial Corporation (NASDAQ:SNFCA) announces that on June 23, 2023, its Board of Directors has authorized a 5% stock dividend for stockholders of record on July 7, 2023. The stock dividend will be issued on July 14, 2023. Scott Quist, President and Chief Executive Officer of Security National Financial Corporation, stated: "This is the Company's 35th consecutive year in declaring a stock dividend. We find many of our stockholders are pleased with the stock dividend due to the options it affords for long-term appreciation or cash flow if they choose to sell the shares." This press release contains statements that, i
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