Security National Financial Corporation (SNFCA) Financial Statements (2026 and earlier)

Company Profile

Business Address PO BOX 57220
SALT LAKE CITY, UT 84157
State of Incorp. UT
Fiscal Year End December 31
Industry (SIC) 6199 - Finance Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments503,085522,864522,114478,461402,238106,219
Cash and cash equivalent102,257140,546126,942120,920131,354106,219
Short-term investments400,828382,318395,172357,541270,884 
Restricted cash and investments      115,465
Receivables10,380     
Total current assets:513,465522,864522,114478,461402,238221,685
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 891421528236254
Operating lease, right-of-use asset 3,9124,8376,3749,98812,48411,663
Inventory, real estate11,29910,5959,1649,1018,9788,761
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization18,21219,04819,17520,58021,51812,473
Long-term investments and receivables      
Long-term investments      
Intangible asset, including goodwill, after accumulated amortization8,9859,3328,2568,5108,7664,822
Goodwill5,2545,2545,2545,2545,2543,520
Intangible asset, excluding goodwill, after accumulated amortization 3,7314,0793,0033,2573,5131,303
Total noncurrent assets:42,49743,95442,98448,20751,98137,975
Other undisclosed assets1,005,883922,989865,454934,4451,093,3731,289,281
TOTAL ASSETS:1,561,8451,489,8071,430,5521,461,1131,547,5931,548,940
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities   24616,352(1,559) 
Taxes payable✕✕✕✕✕(1,559) 
Accrued liabilities   24616,352  
Total current liabilities:   24616,352(1,559) 
Noncurrent Liabilities
Liabilities, other than long-term debt 25,40413,80413,50714,35832,595105
Accounts payable and accrued liabilities 25,40413,80413,50714,35832,595 
Lease deposit liability      105
Total noncurrent liabilities: 25,40413,80413,50714,35832,595105
Other undisclosed liabilities1,126,0721,137,2211,103,9041,137,6151,216,7901,284,848
Total liabilities:1,151,4761,151,0251,117,6571,168,3261,247,8261,284,953
Equity
Equity, attributable to parent, including:410,369338,782312,895292,787299,767263,987
Treasury stock, value(9,088)(8,478)(5,662)(4,367)(1,846)(1,833)
Additional paid in capital89,86879,69872,42464,76857,98650,287
Accumulated other comprehensive income (loss)28,762(6,951)(6,886)(13,070)18,07023,243
Retained earnings248,795225,359206,978202,160184,537153,739
Other undisclosed equity, attributable to parent52,03249,15446,04043,29641,01938,551
Total equity:410,369338,782312,895292,787299,767263,987
TOTAL LIABILITIES AND EQUITY:1,561,8451,489,8071,430,5521,461,1131,547,5931,548,940

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues344,588334,523318,497389,652470,696481,463
Premiums earned, net119,757119,656114,658105,002100,25593,021
Net investment income79,33971,72572,34366,19858,26556,330
Cost of revenue(105,478)(45,642)(43,427)(38,269)(66,029)(38,663)
Liability for future policy benefits, period expense (income) (36,254)(34,009)(28,859)(26,263)(23,569)
Policyholder benefits and claims incurred, net(100,818)(4,585)(4,612)(4,688)(3,971) 
Amortization of mortgage servicing rights (msrs)     (14,852)(11,841)
Deferred policy acquisition costs, amortization expense     (15,028) 
Gross profit:239,110288,881275,070351,384404,666442,801
Operating expenses(137,715)(135,173)(126,782)(169,131)(227,894)(278,431)
Other operating expense, net
(Other Expenses)		(30,997)(27,627)(32,059)(45,798)(53,066) 
Operating income:70,397126,080116,230136,455123,706164,370
Nonoperating expense
(Investment Income, Nonoperating)		     (14,415)(13,580)
Interest and debt expense (10)(7)(4,865)(7,830)(7,128)(8,579)
Other undisclosed loss from continuing operations before equity method investments, income taxes     (70,762)
Income from continuing operations before equity method investments, income taxes:70,387126,074111,365128,625102,16471,450
Other undisclosed loss from continuing operations before income taxes(28,978)(91,970)(95,064)(94,248)(50,363) 
Income from continuing operations before income taxes:41,41034,10416,30034,37751,80171,450
Income tax expense(9,257)(7,568)(1,805)(8,687)(12,282)(15,854)
Income from continuing operations:32,15226,53614,49525,69039,51955,597
Income before gain (loss) on sale of properties:✕✕✕✕✕39,51955,597
Net income available to common stockholders, diluted:32,15226,53614,49525,69039,51955,597

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income:32,15226,53614,49525,69039,51955,597
Other comprehensive income (loss)(4,958)(66)6,185(31,141)(5,173)9,517
Comprehensive income (loss), net of tax, attributable to parent:27,19526,47020,680(5,450)34,34665,113

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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