Security National Financial Corp (NAS:SNFCA)

Q2 2026 Security National Financial Corp Earnings Call Transcript

Aug 13, 2026 / 07:00 PM GMT

Release Date Price: $9.24 (-0.65%)

Transcript 10-Q

Key Points

Positve

Security National Financial Corp (SNFCA) reported a 7.3% increase in Q2 earnings after tax and an 8.1% increase for the first half of 2026, demonstrating solid operational progress.
The mortgage segment was a standout performer, improving profitability by $3 million in the first half of 2026, including its first profitable quarter since Q3 2025.
The cemetery and mortuary segment delivered strong results, with revenue up 21% for the quarter and a 69% profit improvement, driven by improved pre-need sales and a favorable investment tailwind.
The life insurance segment saw first-year premium sales increase, driven by successful investments in sales leadership and distribution, positioning for future growth.
The company's capital position strengthened, with stockholders' equity increasing 5.5% and the debt-to-equity ratio improving to 2.72 times from 2.81 times at year-end.
The company's fixed maturity security portfolio remains high quality, with 98.4% rated investment grade, and the life segment experienced favorable claims experience.

Negative

Security National Financial Corp (SNFCA) experienced a 6.3% decrease in top-line revenue for the quarter and a 5% decrease for the first half, which management acknowledged as a key issue.
The life insurance segment's profitability decreased 13% for the first half, primarily due to lower investment income from decreased builder profit splits and lower interest income.
The company's cash position increased by $61 million due to lower loan production, which earns a lower rate of return than its lending activities, suppressing overall profitability.
Loans more than 90 days past due increased to $15 million as of June 30, 2026, up from $6.5 million at year-end, indicating a potential deterioration in credit quality.
The funeral home segment's operating earnings before tax decreased 4.8% in Q2, as costs outpaced revenue due to deliberate investments in talent and technology.
The company is facing headwinds from a declining death rate in the U.S., which negatively impacted mortuary-only results and increased competition in the market.

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

SNFCA.OQ - Security National Financial Corp
Q2 2026 Security National Financial Corp Earnings Call
Aug 13, 2026 / 07:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon, everyone, and welcome to Security National Financial Corporation's second quarter 2026 earnings call. We thank you for joining us today to review our financial and operational results for the period ended June 30, 2026.

Before we begin, I'd 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

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