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Security National Financial Corporation Reports Financial Results for the Quarter Ended September 30, 2026

SNFCA
  • Security National Financial Corporation (SNFC) reported after-tax earnings of $6,166,000 for the quarter ended September 30, 2026, a 38.6% decrease from $10,048,000 in 2025.
  • For the nine months ended September 30, 2026, after-tax earnings were $22,149,000, a 10.8% decline from $24,832,000 in the prior year.
  • Stockholders' Equity increased by approximately $36MM (8.2%) to $469MM, marking the largest single-quarter dollar increase in the company's history.
  • The Mortgage Segment recorded a $2.65MM loss in Q3 2026 compared to a $66,000 profit in Q3 2025, driven by unfavorable market conditions, declining sales volumes, \& a 27% drop in pending home sales in Utah.
  • The Insurance Segment saw earnings before taxes fall 16.5% to $8,341,000 due to a 90 basis point decline in portfolio yield \& a $2MM provision for credit losses under CECL standards.
  • Life reserves in the Insurance Segment were revalued downwards due to increased interest rates, causing a direct increase in Stockholders' Equity through Other Comprehensive Income.
  • First-year life insurance sales in the Insurance Segment increased over 20% by annualized premium YTD despite recent changes to senior sales management.
  • The Cemetery \& Mortuary Segment experienced a 17% profit decline to $2,531,000 due to unrealized stock portfolio losses, a constrained death rate, \& a shift towards lower-revenue cremations.
  • Despite operational challenges, the Cemetery \& Mortuary Segment achieved a 12% rise in preneed cemetery sales for the quarter \& a 17% increase year-to-date.
  • Net earnings per common share for the nine months ended September 30, 2026, were $0.82, compared to $0.93 in the prior year.
  • Book value per common share reached $17.98 as of September 30, 2026, up from $15.75 at the end of 2025.
  • There were 26,061,063 Class A equivalent shares outstanding as of September 30, 2026.
  • An earnings call is scheduled for November 12, 2026, at 1 PM MST to review Q3 results \& provide segment updates.
Company
Security National Financial Corporation
Keywords
Nasdaq:SNFCA, Security National Financial Corporation, SNFCA, Security National Financial, SN Funeral Homes & Cemeteries, SecurityNational Mortgage, Security National Life