Security National Financial Corporation Reports Financial Results for the Year Ended December 31, 2025

Rhea-AI Summary

Security National Financial Corporation (NASDAQ: SNFCA) reported 2025 results: after-tax earnings from operations rose 10.8% to $32,152,000 on revenues of $344,587,000 (+3.0%).

Net earnings per share were $1.26 (vs. $1.16), and book value per share was $16.54 (vs. $16.16). Total 2025 pre-tax earnings were $41,410,000 (+10.8%). The Life segment’s 2024 results were restated up ~$2 million for LDTI implementation. An earnings call is scheduled for March 17, 2026, 1PM MST.

Positive

• After-tax earnings +10.8% to $32.152M for 2025
• Total pre-tax earnings +10.8% to $41.41M for 2025
• Mortgage Q4 net income improved ~74% versus prior-year Q4

Negative

• Mortgage segment reported a 2025 pre-tax loss of $4.761M

Key Figures

After-tax earnings 2025: $32,152,000 Total revenue 2025: $344,587,000 Net EPS 2025: $1.26 per share +5 more

8 metrics

After-tax earnings 2025 $32,152,000 Twelve months ended Dec 31, 2025 vs $29,119,000 in 2024

Total revenue 2025 $344,587,000 Twelve months ended Dec 31, 2025 vs $334,523,000 in 2024

Net EPS 2025 $1.26 per share Twelve months ended Dec 31, 2025 vs $1.16 prior year

Book value per share $16.54 As of Dec 31, 2025 vs $16.16 as of Dec 31, 2024

Life Insurance revenue 2025 $201,269,000 Full-year 2025 Life Insurance segment revenue

Life Insurance EBT 2025 $37,352,000 Full-year 2025 earnings before taxes, Life Insurance segment

Cemeteries/Mortuaries EBT 2025 $8,819,000 Full-year 2025 earnings before taxes, Cemeteries/Mortuaries

Class A equivalent shares 24,815,294 shares Class A equivalent shares outstanding as of Dec 31, 2025

Market Reality Check

Price: $8.54 Vol: Volume 26,176 vs 20-day a...

normal vol

$8.54 Last Close

Volume Volume 26,176 vs 20-day average 29,695 indicates slightly below-typical trading activity. normal

Technical Price $8.54 is trading below the 200-day MA of $8.79 and about 31% under the 52-week high.

Peers on Argus

SNFCA was up 1.76% while key peers showed mixed moves: BETR appeared in momentum...

1 Up 1 Down

SNFCA was up 1.76% while key peers showed mixed moves: BETR appeared in momentum scanners up 1.36%, while LDI was down 0.64% and other listed peers had flat to negative price changes. This points to a company-specific reaction to earnings rather than a broad sector move.

Previous Earnings Reports

5 past events · Latest: Nov 13 (Negative)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Nov 13	Q3 2025 earnings	Negative	+1.5%	Q3 after-tax earnings fell 34% year over year with lower EPS.
Aug 14	Q2 2025 earnings	Negative	-1.8%	Q2 after-tax earnings declined and ROE fell below long-term average.
Aug 04	Q2 call announcement	Neutral	+3.2%	Scheduled Q2 2025 earnings call with segment updates and Q&A.
May 16	Q1 2025 earnings	Negative	-3.4%	Q1 net earnings decreased 42% with weaker segment results.
May 08	Q1 call announcement	Neutral	-1.0%	Announced Q1 2025 earnings call and segment review schedule.

Pattern Detected

Earnings-related headlines have mostly seen price moves that align with the news tone, with one notable divergence where negative quarterly results coincided with a positive price reaction.

Recent Company History

Across 2025, Security National reported several earnings updates showing pressured quarterly results but steadily improving balance sheet metrics. Q1–Q3 releases highlighted declining net earnings versus 2024, mixed segment performance, and lower ROE versus long-term averages, yet book value per share trended higher. The current 2025 annual release contrasts with earlier softness by delivering record after-tax earnings of $32.15M, higher revenues of $344.59M, stronger Life Insurance segment profits, and higher book value per share, marking a more constructive end to the year.

Historical Comparison

-0.3% avg move · Over the last five earnings-related events, SNFCA’s average move was about -0.3%. Unlike earlier 202...

earnings

-0.3%

Average Historical Move earnings

Over the last five earnings-related events, SNFCA’s average move was about -0.3%. Unlike earlier 2025 quarters that showed earnings declines, this annual report highlights record after-tax earnings and higher book value, marking a stronger fundamental update than prior quarterly releases.

Earnings updates in 2025 moved from weaker Q1–Q3 profitability and below-average ROE toward a stronger full-year picture, with record 2025 after-tax earnings, modest revenue growth, and higher book value per share, underscoring improving performance in the Life Insurance and Mortgage segments by year-end.

Market Pulse Summary

This announcement reports record 2025 after-tax earnings of $32.15M, modest revenue growth to $344.5...

Analysis

This announcement reports record 2025 after-tax earnings of $32.15M, modest revenue growth to $344.59M, higher EPS of $1.26, and book value per share rising to $16.54. The Life Insurance segment led full-year profit growth, while Mortgage losses narrowed and Cemeteries/Mortuaries delivered strong margins. Historical earnings releases in 2025 showed earlier softness, so investors may watch segment trends, investment income, and future quarterly updates to gauge whether this stronger annual performance can be maintained.

Key Terms

ebitda, forward-looking statements

2 terms

ebitda financial

"Our Cemetery and Mortuary Segment delivered a nearly 30% EBITDA margin for the year"

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.

forward-looking statements regulatory

"may be viewed as forward-looking statements that could predict future events or outcomes"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. Not financial advice.

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 4^th 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 17^th and will include a review of the Company’s 4^th 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

What were Security National Financial (SNFCA) full-year 2025 earnings per share and book value?

EPS for 2025 was $1.26, up from $1.16 the prior year. According to the company, book value per share rose to $16.54 from $16.16 as of December 31, 2025, reflecting retained earnings and annual results.

How did SNFCA revenue and net earnings change in 2025 compared to 2024?

Total revenue for 2025 was $344.587M, a 3.0% increase year-over-year. According to the company, after-tax earnings from operations increased 10.8% to $32.152M, driven by segment improvements.

Which SNFCA business segments drove 2025 performance and what were key segment results?

The Life segment led results, with 2025 revenue of $201.269M and improved pre-tax earnings. According to the company, Cemetery and Mortgage operations also contributed, with Mortgage Q4 showing a significant net income rebound.

What did SNFCA say about the LDTI restatement affecting 2024 results?

The company reported a 2024 upward restatement of approximately $2 million due to ASU 2018-12 LDTI implementation. According to the company, this accounting change adjusted Life segment full-year 2024 results.

How can investors join Security National Financial (SNFCA) earnings call for the Q4 and 2025 results?

The earnings call is scheduled for March 17, 2026 at 1PM MST and is accessible via the investor relations events page. According to the company, the webcast link is available on its investor website.