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Security National Financial Co 10-Q Filings

SNFCA NASDAQ

Every 10-Q that Security National Financial Co (SNFCA) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow SNFCA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SNFCA filings page.

Rhea-AI Summary

Security National Financial Corporation reported solid profitability for the quarter and six months ended June 30, 2026. Net earnings were $8,981,697 for the quarter and $15,983,123 for the first half of 2026, with basic net earnings per Class A equivalent share of $0.34 and $0.61, respectively. Total revenues were $83,926,048 for the quarter and $163,654,828 year-to-date, reflecting contributions from insurance premiums, mortgage fee income, investment income, and funeral home and cemetery sales.

The balance sheet shows total assets of $1,609,314,968 and stockholders’ equity of $433,035,918 as of June 30, 2026. Investments remain the largest asset class at just over $1.0 billion, with a diversified portfolio of fixed maturity securities, equity securities, mortgage loans, and real estate. Cash and cash equivalents increased to $163,441,869, while cash, cash equivalents and restricted cash together reached $176,488,670.

Operating cash flow strengthened materially, with net cash provided by operating activities of $36,933,720 for the first six months of 2026 compared to $1,904,880 for the same period in 2025. Mortgage loans held for investment decreased to $290,685,188, while real estate held for investment increased to $235,071,387, reflecting ongoing deployment of capital into property assets. The fixed-maturity portfolio remains high quality, with 98.4% of securities rated investment grade by NAIC designation.

Rhea-AI Summary

Security National Financial Corporation reported solid Q1 2026 results. Total revenues were $79.7 million, with net earnings of $7.0 million and basic earnings per Class A equivalent share of $0.28, slightly above the prior year.

Total assets reached $1.58 billion and stockholders’ equity was $425.5 million as of March 31, 2026, reflecting a strong balance sheet. Cash, cash equivalents and restricted cash rose to $162.1 million, supported by $32.9 million of net cash provided by operating activities.

Comprehensive income climbed to $15.1 million, helped by $8.1 million of other comprehensive income driven largely by interest rate remeasurement of future policy benefits. The company also details the 2025 adoption of ASU 2018-12 for long-duration insurance contracts and provides extensive disclosures on investments, mortgage credit quality and allowances for credit losses.

Rhea-AI Summary

Security National Financial Corporation reported Q3 results. Total revenues were $89,326,163 for the three months ended September 30, 2025, slightly above $88,273,687 a year ago. Net earnings were $7,815,026 versus $11,831,444, with net earnings per Class A equivalent share of $0.32 (diluted $0.31).

For the nine months, revenues were $261,607,035 versus $255,253,221, while net earnings were $18,659,673 versus $26,577,515. Q3 revenue mix included mortgage fee income $29,139,245 (prior $30,224,092) and net investment income $20,109,600 (prior $17,799,096).

As of September 30, 2025, total assets were $1,562,986,091 and stockholders’ equity was $365,381,858. Accumulated other comprehensive gain (loss) moved to a gain of $826,844 from a loss of $(6,951,266) at year-end. Cash and cash equivalents were $100,396,059; bank and other loans payable were $123,096,234. Net cash from operations for the nine months was $27,552,994.

The company plans to adopt ASU 2018‑12 for long‑duration insurance contracts at year‑end 2025. It estimates a Transition Date increase to total stockholders’ equity of approximately $4–$6 million as of January 1, 2024, and expects a $3–$4 million reduction in 2024 DAC amortization expense (net of tax).

Rhea-AI Summary

Security National Financial Corporation reported mixed quarterly results driven by higher investment and mortgage income but lower net earnings and cash flow. Total assets rose to $1.544 billion, supported by an increase in investments to $1.043 billion and growth in mortgage loans held for investment to $324.4 million. Total revenues for the quarter reached $89.54 million and for the six months $172.28 million, while net investment income strengthened to $20.58 million for the quarter.

Profitability softened: net earnings were $6.51 million for the quarter and $10.84 million for six months, down year-over-year, with diluted EPS of $0.25 (quarter) and $0.42 (six months). Operating cash provided fell to $1.90 million for the six months and cash, cash equivalents and restricted cash declined to $92.40 million. Allowances for credit losses increased, and management flagged adoption of new long-duration insurance contract standards that will be effective in the 2025 annual reporting period.