Security National Financial Corporation set to join Russell 3000® Index

Rhea-AI Summary

Security National Financial Corporation (SNFCA) has been selected to join the prestigious Russell 3000 Index, effective June 30, 2025, following the annual index reconstitution. This inclusion automatically places SNFCA in either the large-cap Russell 1000 or small-cap Russell 2000 index, along with corresponding growth and value style indexes.

The Russell indexes, which benchmark approximately $10.6 trillion in assets, are widely used by investment managers and institutional investors. The inclusion reflects Security National's market capitalization ranking among the top 4,000 US stocks as of April 30th, 2025, and will remain in effect for one year.

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SALT LAKE CITY, June 27, 2025 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFCA) joined the broad-market Russell 3000 Index at the conclusion of the 2025 Russell indexes annual reconstitutions, effective after the US market opens on June 30, 2025.

The annual Russell reconstitutions capture the 4,000 largest US stocks as of April 30th, ranking them by total market capitalization. Membership in the US all-cap Russell 3000^® Index, which remains in place for one year, means automatic inclusion in either the large-cap Russell 1000 Index or the small-cap Russell 2000 Index, as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

Scott Quist, President and Chairman of the Board for Security National Financial Corporation stated “Security National has always strived to provide strong returns for our investors and provide an investment vehicle that is stable. The inclusion of Security National in the Russell 3000 this year is evidence of our continued efforts.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data as of the end of June 2024, about $10.6 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, the global index provider.

Fiona Bassett, CEO of FTSE Russell, an LSEG business, comments:

“The Russell indexes have continuously adapted to the evolving dynamic US economy, and it’s crucial to fully recalibrate the suite of Russell US Indexes, ensuring the indexes maintain an accurate representation of the market. The transition to a semi-annual reconstitution frequency from 2026 will ensure our indexes continue to represent the market and maintain the purpose of the index as a portfolio benchmark.”

For more information on the Russell 3000^® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

About Security National Financial Corporation:

Founded in 1965, Security National Financial Corporation operates in three business segments. The Company sells and services selected lines of life insurance, annuity products, and accident and health insurance, operates cemeteries in Utah, New Mexico and California and mortuaries in Utah and New Mexico, and originates and underwrites residential and commercial loans for new construction and existing homes.

About FTSE Russell:
FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering. 

FTSE Russell is wholly owned by London Stock Exchange Group. 

For more information, visit FTSE Russell.

Contact: Scott M. Quist or Garrett S. Sill
Security National Financial Corporation
P.O. Box 57250
Salt Lake City, Utah 84157
(Telephone) (801) 264-1060
(Fax) (801) 264-8430
Website: www.securitynational.com

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 the Company and its business. The predictions in these statements will involve risk and uncertainties and, accordingly, actual results may differ significantly from the results discussed or implied in such forward-looking statements.

FAQ

When will SNFCA join the Russell 3000 Index?

Security National Financial Corporation will join the Russell 3000 Index on June 30, 2025, after the US market opens.

What does SNFCA's inclusion in the Russell 3000 mean for investors?

The inclusion provides increased visibility to institutional investors, potential for higher trading volume, and automatic inclusion in either the Russell 1000 or Russell 2000 indexes.

How long will SNFCA remain in the Russell 3000 Index?

SNFCA's membership in the Russell 3000 Index will remain in place for one year following the annual reconstitution.

What are Security National Financial Corporation's main business segments?

SNFCA operates in three main segments: life insurance and related products, cemetery and mortuary services in multiple states, and residential/commercial loan origination and underwriting.

How many assets are benchmarked against Russell US indexes?

Approximately $10.6 trillion in assets are benchmarked against Russell US indexes, according to data as of June 2024.