Security National Financial Corporation (SNFCA) financial statements (2021 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12814251675758
Cash and cash equivalents12814245394031
Short-term investments  6281727
Restricted cash and investments138151    
Disposal group, including discontinued operation     34
Total current assets:26529351675792
Noncurrent Assets
Finance lease, right-of-use asset0
Operating lease, right-of-use asset11
Inventory, real estate101010111111
Property, plant and equipment157891111
Intangible assets, net (including goodwill)543333
Goodwill433333
Intangible assets, net (excluding goodwill)11    
Total noncurrent assets:412121222525
Other undisclosed assets1,028737910863668554
TOTAL ASSETS:1,3341,051982952750671
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt0     
Lease deposit liability0
Total noncurrent liabilities:0     
Other undisclosed liabilities1,138879834819639574
Total liabilities:1,138879834819639574
Stockholders' equity
Stockholders' equity attributable to parent, including:19717214913311197
Treasury stock, value(2)(0)(1)(1)(2)(2)
Additional paid in capital464238353026
Accumulated other comprehensive income (loss)14(0)1021
Retained earnings1019578675244
Other undisclosed stockholders' equity attributable to parent373533313028
Total stockholders' equity:19717214913311197
TOTAL LIABILITIES AND EQUITY:1,3341,051982952750671

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues283280277304283227
Premiums earned, net8276
Net investment income4340   28
Financial services revenue70655653
Cost of revenue(26)(32)(4)(2)(17)(23)
Liability for future policy benefits, period expense (income)(24)(24)  (17)(18)
Amortization of mortgage servicing rights (msrs) (5)(4)(2)  
Gross profit:257248273302266204
Operating expenses(161)(173)   (270)
Other operating expense, net
(Other Expenses)
     (23)
Operating income (loss):9675273302266(89)
Nonoperating income (expense)
(Investment Income, Nonoperating)
 (14)   30
Interest and debt expense(7)(7)(6)(5)(4)(3)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(75)(28)(260)(277)(242)74
Income from continuing operations before income taxes:14268202012
Income tax expense (benefit)(3)(4)7(8)(7)(5)
Net income available to common stockholders, diluted:11221412138

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:11221412138
Other comprehensive income (loss)14(0)0   
Comprehensive income:25221412138
Other undisclosed comprehensive income, net of tax, attributable to parent   100
Comprehensive income, net of tax, attributable to parent:25221413138

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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