Security National Financial Corporation (SNFCA) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4021061281425167
Cash and cash equivalents1311061281424539
Short-term investments271   628
Restricted cash and investments 115138151  
Total current assets:4022222652935167
Noncurrent Assets
Finance lease, right-of-use asset000
Operating lease, right-of-use asset121211
Inventory, real estate9910101011
Property, plant and equipment221215789
Intangible assets, net (including goodwill)955433
Goodwill544333
Intangible assets, net (excluding goodwill)4111  
Total noncurrent assets:523841212122
Other undisclosed assets1,0931,2891,028737910863
TOTAL ASSETS:1,5481,5491,3341,051982952
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities(2)     
Taxes payable(2)     
Total current liabilities:(2)     
Noncurrent Liabilities
Liabilities, other than long-term debt3300   
Accounts payable and accrued liabilities33     
Lease deposit liability 00
Total noncurrent liabilities:3300   
Other undisclosed liabilities1,2171,2851,138879834819
Total liabilities:1,2481,2851,138879834819
Stockholders' equity
Stockholders' equity attributable to parent, including:300264197172149133
Treasury stock, value(2)(2)(2)(0)(1)(1)
Additional paid in capital585046423835
Accumulated other comprehensive income (loss)182314(0)10
Retained earnings185154101957867
Other undisclosed stockholders' equity attributable to parent413937353331
Total stockholders' equity:300264197172149133
TOTAL LIABILITIES AND EQUITY:1,5481,5491,3341,051982952

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues471481283280277304
Premiums earned, net100938276
Net investment income58564340  
Financial services revenue7065
Cost of revenue(66)(39)(26)(32)(4)(2)
Liability for future policy benefits, period expense (income)(26)(24)(24)(24)  
Amortization of mortgage servicing rights (msrs)(15)(12) (5)(4)(2)
Deferred policy acquisition costs, amortization expense(15)     
Gross profit:405443257248273302
Operating expenses(228)(278)(161)(173)  
Other operating expense, net
(Other Expenses)
(53)     
Operating income:1241649675273302
Nonoperating expense
(Investment Income, Nonoperating)
(14)(14) (14)  
Interest and debt expense(7)(9)(7)(7)(6)(5)
Other undisclosed loss from continuing operations before equity method investments, income taxes (71)(75)(28)(260)(277)
Income from continuing operations before equity method investments, income taxes:102711426820
Other undisclosed loss from continuing operations before income taxes(50)     
Income from continuing operations before income taxes:52711426820
Income tax expense (benefit)(12)(16)(3)(4)7(8)
Net income available to common stockholders, diluted:405611221412

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:405611221412
Other comprehensive income (loss)(5)1014(0)0 
Comprehensive income:346525221412
Other undisclosed comprehensive income, net of tax, attributable to parent     1
Comprehensive income, net of tax, attributable to parent:346525221413

Statements sources

The financial statements are based on the company's filings with the 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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