Security National Financial Corp (NAS:SNFCA)

Q1 2026 Security National Financial Corp Earnings Call Transcript

May 13, 2026 / 07:00 PM GMT

Release Date Price: $8.97 (-2.18%)

Transcript 10-Q

Key Points

Positve

Security National Financial Corp (SNFCA) reported a 9% increase in after-tax earnings despite a decrease in top-line revenue.
The mortgage segment showed a significant 65% improvement in performance compared to Q1 2025.
The cemetery mortuary group improved their top-line by 4.4% and achieved a 35% increase in cemetery sales.
The life insurance segment saw an increase in underwriting profit due to improved premium margins.
The company's net portfolio yield remains approximately 100 basis points above industry averages, indicating strong investment performance.

Negative

The mortgage segment was not profitable, with a significant revenue shortfall due to unexpected declines in secondary investor pricing.
The cemetery mortuary group experienced a decrease in net income due to unrealized losses in the common stock portfolio.
The life insurance segment faced a 4% decrease in top-line revenue, primarily in its least profitable products.
Investment income decreased due to lower profit share distributions from homebuilder partners and increased land holdings.
The funeral home segment saw a 9.5% decrease in earnings before tax, with a decline in families served.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SNFCA.OQ - Security National Financial Corp
Q1 2026 Security National Financial Corp Earnings Call
May 13, 2026 / 07:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon, everyone. Welcome to Security National Financial Corporation's first quarter 2026 earnings call. We thank you for joining us today to review our financial and operational results for the period ended March 31, 2026.

Before we begin, I would like to remind everyone that our remarks today will include forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties, which may cause actual results to differ materially from those projected.

Such risks include, but are not limited to, changes in economic conditions, interest rates, regulatory developments, competitive pressures, and other factors detailed in

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