Security National Financial Corporation SNFCA Income Statement

Security national financial corporation (SNFCA)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Revenues:
Insurance premiums and other considerations
81,860	75,928	70,412	64,501	56,409	53,008	50,471	48,216	48,457	38,509	38,413
Net investment income
-	-	-	31,978	34,007	28,303	20,354	21,915	18,570	18,615	-
Net investment income
43,019	39,913	35,062	-	-	-	-	-	-	-	19,915
Net mortuary and cemetery sales
15,296	13,726	12,657	-	-	-	-	-	-	-	-
Net mortuary and cemetery sales
-	-	-	12,267	11,502	11,426	12,000	10,864	10,761	11,520	11,973
Gains (losses) on investments and other assets
728	23,941	-2,948	-176	2,401	1,918	1,418	1,424	2,464	1,615	1,223
Other than temporary impairments on investments
-	-	774	-270	-605	-164	336	1,207	840	673	-326
Mortgage fee income
131,976	116,185	153,797	189,146	171,517	126,807	128,800	151,887	79,045	97,342	144,274
Other Revenues
10,180	9,923	8,719	-	-	-	-	-	-	-	-
Other income
-	-	-	6,887	5,121	3,747	2,606	1,159	1,108	1,581	1,414
Total revenues
283,060	279,618	276,926	304,334	280,354	225,047	215,315	234,260	159,567	168,510	216,888
Benefits and expenses:
Death benefits
41,591	36,298	33,256	31,033	31,158	27,100	26,048	22,277	22,184	19,350	19,003
Surrenders and other policy benefits
3,320	2,886	2,839	2,354	2,391	2,689	2,486	1,969	1,761	1,575	1,677
Increase in future policy benefits
23,568	24,332	23,622	21,322	17,057	17,905	19,594	21,435	22,258	17,020	15,238
Amortization of deferred policy and pre-need acquisition costs and value of business acquired
14,634	11,631	8,480	8,003	5,641	6,892	5,181	-	-	-	-
Selling, general and administrative expenses:
Amortization of deferred policy and pre-need acquisition costs and value of business acquired
-	-	-	-	-	-	-	5,449	5,769	4,431	7,160
Commissions
56,762	50,291	68,103	88,634	80,900	59,374	65,979	83,840	47,514	58,439	79,509
Personnel
64,221	67,368	70,328	-	-	-	-	-	-	-	-
Personnel
-	-	-	70,254	60,860	49,360	-	-	-	-	-
Personnel
-	-	-	-	-	-	42,795	35,469	22,477	26,406	27,351
Advertising
4,784	4,602	5,754	6,425	5,730	4,584	4,837	4,050	-	-	-
Rent and rent related
7,055	7,605	8,710	8,448	7,850	6,135	5,457	4,503	-	-	-
Depreciation on property and equipment
1,711	1,867	2,220	2,182	2,183	2,177	-	-	-	-	-
Depreciation on property and equipment
-	-	-	-	-	-	1,621	-	-	-	-
Depreciation on property and equipment
-	-	-	-	-	-	-	1,258	-	-	-
Provision for loan loss reserve
-	-	-	1,700	3,449	1,000	1,751	4,239	2,070	5,404	19,547
Costs related to funding mortgage loans
6,278	6,423	8,663	9,191	8,901	6,451	6,635	6,931	4,240	6,044	10,041
Other expenses
-	-	-	28,183	26,954	22,800	18,328	16,017	26,210	25,923	-
Other
34,922	31,014	29,431	-	-	-	-	-	-	-	25,334
Interest expense
7,386	6,956	6,037	5,111	4,458	2,994	2,853	3,744	1,961	2,778	3,326
Cost of goods and services sold-mortuaries and cemeteries
2,878	2,158	1,945	1,787	1,803	1,853	1,918	1,723	1,882	2,225	2,349
Total benefits and expenses
269,116	253,438	269,393	284,631	259,341	211,320	205,491	212,908	158,330	169,599	210,540
Earnings before income taxes
13,943	26,180	7,532	19,703	21,013	13,726	9,823	21,351	1,236	-1,089	6,347
Income tax expense
3,050	4,494	-6,580	7,514	7,662	5,510	2,237	4,638	-62	-658	2,573
Net earnings
10,893	21,686	14,112	12,188	13,351	8,216	7,585	16,712	1,298	-430	3,773
Net earnings per Class A Equivalent common share
0.60	1.21	0.84	0.78	0.92	0.59	0.58	1.46	0.12	-0.04	0.41
Net earnings per Class A Equivalent common share-assuming dilution
0.60	1.19	0.82	0.77	0.89	0.57	0.55	1.39	0.12	-0.04	0.41
Weighted-average Class A equivalent common share outstanding
18,104	17,968	16,794	15,575	14,439	13,893	13,023	11,427	10,572	9,688	9,149
Weighted-average Class A equivalent common shares outstanding-assuming dilution
18,229	18,188	17,123	15,912	14,951	14,344	13,669	12,026	10,685	9,688	9,151