Security National Financial Corporation Reports Financial Results for the Year Ended December 31, 2025
MWN-AI** Summary
Security National Financial Corporation (SNFC) announced robust financial results for the year ending December 31, 2025, showcasing continued growth and operational success. For the twelve months, the company's after-tax earnings surged by 10.8%, rising from $29.12 million in 2024 to $32.15 million in 2025, driven by a 3% increase in revenues, which totaled $344.59 million. Chairman Scott M. Quist emphasized that this marks the company’s best net profit year, excluding the pandemic years of 2020 and 2021, and highlighted an excellent performance in the fourth quarter.
Quist noted the life insurance segment's strong gains, which included a restatement benefiting from new accounting standards. SNFC achieved a 2% return on total assets, a sign of healthy operational efficiency. Each of SNFC’s segments—mortgage, life insurance, and cemetery/mortuary—contributed to the overall growth strategy, with particular praise for the insurance segment achieving its highest operational performance ever.
In the fourth quarter alone, the Life Insurance segment reported a 9.2% revenue increase, while the Cemetery and Mortuary segment experienced nearly a 30% EBITDA margin. The Mortgage segment, despite a revenue decrease of 4.6%, managed to improve net income by 74%, signaling effective cost management and strategic improvements across operations.
For 2025, SNFC reported net earnings per share at $1.26, up from $1.16 in 2024, while book value per share also increased to $16.54. The company remains optimistic about future growth, leveraging synergies across its varied business lines. An earnings call is scheduled for March 17, 2026, where SNFC will expand upon these results and outline strategic initiatives moving forward.
MWN-AI** Analysis
Security National Financial Corporation (SNFC) recently reported favorable financial results for the year ending December 31, 2025, revealing robust growth across its three business segments: Life Insurance, Cemeteries/Mortuaries, and Mortgages. With an after-tax earnings increase of 10.8% and revenues rising by 3%, SNFC is demonstrating resilience and operational effectiveness, particularly in the face of a challenging economic landscape.
The growth in the Life Insurance segment is noteworthy, characterized by a 5.1% revenue rise and a 7.6% increase in earnings before taxes. This success is largely attributed to improvements in sales systems and the integration of new talent, suggesting strategic investments are paying off. The Cemeteries/Mortuaries segment also reported impressive margins with nearly 30% EBITDA, reinforcing its competitive positioning.
On the other hand, while the Mortgages segment achieved a substantial turnaround in the fourth quarter, this was off a slightly declining revenue base for the full year. The substantial improvement in net income from $(4.4 million) to $(1.16 million) year-over-year reflects effective operational rationalization and a potential sign of sustained recovery.
From an investment standpoint, SNFC's net earnings per share has risen to $1.26, onboarding investor confidence further evidenced by a solid book value per share of $16.54. Given these indicators, SNFC appears poised for continued growth, making it an attractive opportunity for long-term investors.
However, potential investors should remain cognizant of the risks outlined in the forward-looking statements and the intricacies of each segment's performance. Monitoring these will be crucial, especially as the broader economic environment fluctuates. The upcoming earnings call could provide further insights into strategic developments and future growth trajectories that may impact stock performance.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
SALT LAKE CITY, March 16, 2026 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the year ended December 31, 2025.
For the twelve months ended December 31, 2025, SNFC’s after-tax earnings from operations increased 10.8% from $29,119,000 in 2024 to $32,152,000 in 2025, on a 3% increase in revenues to $344,587,000.
Scott M. Quist, Chairman of the Board, President, and Chief Executive Officer of SNFC, said, “Absent the pandemic related years of 2020 and 2021, this was our best net profit year ever, beating 2024 by nearly 11%, which is significant realizing that 2024 was our previous best year ever, again absent 2020 and 2021. 2025 was a very good year for our Company and I believe the 4th quarter in particular delivered “excellent” results. Regarding the Life Segment I would urge your awareness that pursuant to the implementation of ASU 2018-12 “Long Duration Targeted Improvements” (LDTI) our Life Segment’s 2024 full year results were restated upwards by approximately $2MM.
“Regarding my use of the phrase “very good” in describing our year end results, I think anytime a financial services company achieves a 2% return on total assets is “very good”. Our entire team, Mortgage, Life Insurance, and Cemetery and Mortuary joined together to produce that result. Going to my use of the word “excellent” describing quarterly results, I think anytime we achieve a nearly 200% increase over the prior year’s Q4 is “excellent”. Turning now to our specific business segment results, 2025 is our Insurance Segment’s best operational year ever. We did, and are continuing to, expend considerable strategic thought, effort, and expense to improve our sales systems both from the agent and managerial views and our end customer’s view in order to grow our top-line revenue. We have brought on, and continue to bring on, new capable talent and have continued to refine and improve our sales support and commission systems. Our Cemetery and Mortuary Segment delivered a nearly 30% EBITDA margin for the year, which is “very good” especially considering the increasing cremation rates. Here we have also brought on new sales talent and continue to spend considerable resources refining our sales support systems to grow top-line revenue. We believe revenue will grow as we drive the implementation of our initiatives. Our Mortgage Segment had a fabulous Q4 delivering a 74% net income improvement on a 4.6% revenue decrease. A tremendous amount of thought, work, accountability, and effort has gone into streamlining and rationalizing our corporate, regional, and branch operations as well as expanding our sales offerings both in terms of capability and personnel. The improvement and momentum are significant. It is essential to understand the integrated nature of our Company. A major reason for the Life Segment’s continued improvement is its investment income, much of which is related to our Mortgage Segment’s operations. While I agree with my father’s saying that “every tub sits on its own bottom” and we need to measure our three business segments’ financial results in those terms, nevertheless we are designed such that each segment synergistically supports its siblings. We as a Company would not have had our best year without the significant push from each of our business segments.”
SNFC has three business segments. The following table shows the revenues and earnings before taxes for the three months ended December 31, 2025, as compared to 2024, for each business segment:
| Revenues | Earnings before Taxes | ||||||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||||||
| Life Insurance | $ | 49,668,000 | $ | 45,469,000 | 9.2 | % | $ | 8,737,000 | $ | 6,673,000 | 30.9 | % | |||||||
| Cemeteries/Mortuaries | $ | 8,130,000 | $ | 7,414,000 | 9.7 | % | $ | 1,742,000 | $ | 877,000 | 98.6 | % | |||||||
| Mortgages | $ | 25,183,000 | $ | 26,387,000 | (4.6 | %) | $ | (1,161,000 | ) | $ | (4,400,000 | ) | 73.6 | % | |||||
| Total | $ | 82,981,000 | $ | 79,270,000 | 4.7 | % | $ | 9,318,000 | $ | 3,150,000 | 195.8 | % | |||||||
The following table shows the revenues and earnings before taxes for the twelve months ended December 31, 2025, as compared to 2024, for each business segment:
| Revenues | Earnings before Taxes | ||||||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||||||
| Life Insurance | $ | 201,269,000 | $ | 191,530,000 | 5.1 | % | $ | 37,352,000 | $ | 34,726,000 | 7.6 | % | |||||||
| Cemeteries/Mortuaries | $ | 33,317,000 | $ | 33,022,000 | 0.9 | % | $ | 8,819,000 | $ | 8,861,000 | (0.5 | %) | |||||||
| Mortgages | $ | 110,001,000 | $ | 109,971,000 | 0.0 | % | $ | (4,761,000 | ) | $ | (6,213,000 | ) | 23.4 | % | |||||
| Total | $ | 344,587,000 | $ | 334,523,000 | 3.0 | % | $ | 41,410,000 | $ | 37,374,000 | 10.8 | % | |||||||
Net earnings per common share was $1.26 for the twelve months ended December 31, 2025, compared to net earnings of $1.16 per share for the prior year, as adjusted for the effect of annual stock dividends. Book value per common share was $16.54 as of December 31, 2025, compared to $16.16 as of December 31, 2024.
The Company has two classes of common stock outstanding, Class A and Class C. There were 24,815,294 Class A equivalent shares outstanding as of December 31, 2025.
An earnings call will commence at approximately 1PM (MST) on March 17th and will include a review of the Company’s 4th Quarter and 2025 annual results as well as an update from the Company’s three business segments. 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 website under “Events” on the Investor Relations page.
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.
If there are any questions, please contact Mr. Garrett S. Sill 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
FAQ**
How does the recent 10.8% increase in after-tax earnings for Security National Financial Corporation Class A Common Stock SNFCA impact investor sentiment and future stock performance?
What strategic initiatives contributed to the Insurance Segment's best operational year ever for Security National Financial Corporation Class A Common Stock SNFCA, and how might they sustain growth?
Considering the mixed results across segments, particularly the Mortgage Segment, what measures is Security National Financial Corporation Class A Common Stock SNFCA planning to improve performance in 2026?
What factors contributed to the 98.6% increase in earnings before taxes for the Cemeteries/Mortuaries Segment of Security National Financial Corporation Class A Common Stock SNFCA, and how sustainable are these trends?
**MWN-AI FAQ is based on asking OpenAI questions about Security National Financial Corporation Class A Common Stock (NASDAQ: SNFCA).
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