Security national financial corporation (SNFCA)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenues:
Insurance premiums and other considerations

22,291

23,355

19,832

19,645

19,027

19,288

18,639

19,190

18,810

18,067

17,489

17,498

17,357

16,992

17,157

15,899

14,451

14,077

14,563

13,914

13,853

12,739

13,804

13,334

13,129

12,551

12,593

12,904

12,421

11,301

12,045

12,281

12,587

12,048

11,823

11,893

12,692

9,249

9,730

Net investment income

-

-

-

-

-

-

-

-

-

-

-

8,322

9,016

5,760

8,089

9,135

8,992

9,161

8,432

8,590

7,822

7,761

8,191

6,707

5,642

5,072

5,254

5,026

5,001

4,725

5,570

5,565

6,054

-

5,107

4,717

-

-

-

Net investment income

13,400

11,958

10,478

10,540

10,041

10,455

9,641

9,741

10,074

-

8,220

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,270

4,389

4,811

Net mortuary and cemetery sales

4,458

4,090

3,526

4,000

3,678

3,296

3,646

3,551

3,232

-

2,717

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net mortuary and cemetery sales

-

-

-

-

-

-

-

-

-

-

-

3,280

3,358

2,725

2,776

3,520

3,245

2,800

2,811

3,017

2,872

2,658

2,490

3,446

2,831

2,975

2,887

3,259

2,877

2,743

2,619

2,626

2,874

2,614

2,442

2,762

2,941

2,973

3,121

Gains (losses) on investments and other assets

-3,212

467

-519

-1,025

1,806

-1,430

1,022

2,328

22,020

-3,661

-319

887

145

-355

-39

120

97

127

1,352

500

420

949

429

339

198

240

194

140

842

843

222

186

171

635

226

1,257

345

748

319

Other than temporary impairments on investments

-

-

-

-

-

-

-

-

-

929

163

-266

-52

-136

-30

-30

-73

-772

56

55

55

-608

383

30

30

130

30

145

30

677

440

45

45

745

30

30

35

-30

-30

Mortgage fee income

40,281

34,814

39,735

32,946

24,478

27,351

31,664

31,709

25,460

31,710

41,597

41,514

38,974

44,912

53,195

49,825

41,212

38,042

46,923

48,730

37,821

33,260

36,235

34,773

22,537

27,140

28,897

39,500

33,262

47,281

43,456

35,659

25,490

28,429

21,517

15,645

13,452

28,457

24,335

Other Revenues

2,389

3,055

2,326

2,337

2,461

2,492

2,608

2,343

2,477

-

2,288

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other revenues

-

-

-

-

-

-

-

-

-

-

-

2,075

2,028

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

-

-

-

-

-

-

-

-

-

-

-

-

-

1,943

1,798

1,615

1,530

997

1,467

1,341

1,315

1,206

957

839

743

726

754

647

476

443

272

252

189

146

236

220

504

186

760

Total revenues

79,608

77,742

75,379

68,445

61,493

61,454

67,223

68,865

82,076

60,953

71,830

73,312

70,829

71,842

82,948

80,087

69,456

64,769

75,494

76,040

64,049

58,856

61,725

59,411

45,053

48,577

50,552

61,332

54,852

66,660

63,747

56,528

47,323

47,603

41,324

36,466

34,172

45,974

43,048

Benefits and expenses:
Death benefits

13,407

12,326

9,937

9,248

10,077

8,719

8,616

9,355

9,608

7,142

8,772

8,547

8,794

8,622

7,250

7,336

7,824

7,529

7,584

8,116

7,927

6,700

6,641

7,082

6,675

6,583

6,144

6,564

6,756

6,252

5,914

4,923

5,186

5,595

5,303

5,135

6,148

4,587

5,029

Surrenders and other policy benefits

1,070

1,054

636

763

865

687

692

695

810

753

547

680

857

644

630

560

518

503

715

519

653

839

707

627

515

425

632

678

750

402

453

274

838

321

398

307

734

461

55

Increase in future policy benefits

7,038

6,160

5,980

5,676

5,751

5,911

6,686

6,149

5,584

5,953

6,735

5,366

5,568

5,545

6,382

5,272

4,121

4,217

4,620

4,040

4,179

3,413

5,278

4,847

4,367

5,100

5,079

4,862

4,551

3,740

5,642

5,901

6,150

7,593

5,153

5,407

4,104

3,664

4,181

Amortization of deferred policy and pre-need acquisition costs and value of business acquired

3,515

4,955

3,477

3,073

3,128

3,664

2,746

2,110

3,109

2,208

2,238

1,768

2,264

1,781

2,301

1,707

2,212

1,957

1,338

1,177

1,167

2,142

1,854

1,493

1,403

1,417

1,178

1,091

1,493

-

1,094

1,346

-

-

-

-

-

-

-

Selling, general and administrative expenses:
Amortization of deferred policy and pre-need acquisition costs and value of business acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,412

-50

1,863

1,955

2,000

1,623

1,282

Commissions

16,554

16,519

16,714

13,853

9,675

10,930

13,619

14,459

11,282

14,225

18,999

18,522

16,355

20,419

24,395

24,608

19,210

17,863

21,263

23,207

18,566

15,493

17,134

16,185

10,560

13,169

14,361

20,877

17,570

25,073

23,486

20,394

14,885

17,097

13,268

9,288

7,860

16,917

15,772

Personnel

18,719

17,202

16,287

15,699

15,031

16,821

17,075

16,905

16,566

-

17,059

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Personnel

-

-

-

-

-

-

-

-

-

-

-

18,105

18,589

17,719

17,755

17,582

17,197

15,526

15,768

15,251

14,313

12,862

13,141

11,859

11,497

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Personnel

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,390

8,492

8,734

8,178

15,225

6,924

6,807

6,512

4,884

5,690

5,717

6,184

6,435

6,486

Advertising

1,005

1,217

1,361

1,171

1,033

954

1,423

1,194

1,029

1,346

1,611

1,485

1,310

1,371

2,006

1,969

1,078

1,302

1,503

1,508

1,416

1,174

1,135

1,502

772

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Rent and rent related

1,614

1,677

1,749

1,724

1,904

1,799

1,913

1,929

1,963

2,017

2,257

2,212

2,223

2,212

2,122

2,048

2,064

2,056

1,979

1,929

1,885

1,710

1,625

1,456

1,343

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation on property and equipment

516

416

421

422

449

440

457

491

477

496

517

581

625

596

528

536

521

520

553

547

562

-

574

534

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation on property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

497

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loan loss reserve

-

-

-

-

-

-

-

-

-

-

-

-

-

-

600

-

-

-1,224

1,754

2,252

666

-1,006

1,063

571

372

87

395

716

552

975

1,763

1,097

402

497

466

415

691

1,640

1,080

Costs related to funding mortgage loans

1,956

1,447

1,917

1,559

1,354

1,276

1,732

2,045

1,369

1,347

2,809

2,286

2,219

2,234

2,365

1,958

2,632

1,953

2,352

2,412

2,183

1,309

1,932

1,911

1,297

1,444

1,544

2,039

1,607

1,789

1,980

1,800

1,360

1,174

1,219

1,001

844

1,627

1,606

Other expenses

-

-

-

-

-

-

-

-

-

-

-

7,845

7,346

6,794

8,075

6,832

6,480

7,279

6,606

6,982

6,085

6,460

5,886

5,857

4,596

-10,072

9,626

9,918

8,856

-7,436

8,749

7,706

6,998

-

6,191

6,222

-

-

-

Other

10,075

9,768

9,355

8,154

7,645

9,452

7,616

7,135

6,810

-

7,035

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,077

6,763

6,200

Interest expense

1,818

2,033

2,078

1,782

1,491

1,659

1,855

1,679

1,761

1,742

1,655

1,385

1,254

1,336

1,476

1,235

1,064

907

1,191

1,374

985

755

954

786

497

501

667

877

807

985

1,142

847

768

769

497

378

315

842

708

Cost of goods and services sold-mortuaries and cemeteries

842

833

701

690

652

517

575

550

515

438

453

532

521

390

485

452

458

388

467

488

458

433

418

511

490

450

466

502

499

389

463

392

478

417

437

495

531

597

559

Total benefits and expenses

78,134

75,614

70,619

63,821

59,061

62,835

65,011

64,702

60,888

61,451

70,692

69,318

67,931

70,769

76,375

72,101

65,385

60,781

67,700

69,808

61,051

52,859

58,348

55,224

44,887

48,415

48,588

56,862

51,624

58,806

57,615

51,491

44,994

46,020

40,490

36,325

35,494

45,161

42,964

Earnings before income taxes

1,474

2,128

4,759

4,623

2,432

-1,380

2,211

4,162

21,187

-497

1,138

3,994

2,897

1,072

6,573

7,985

4,071

3,988

7,794

6,231

2,998

5,996

3,377

4,187

165

162

1,964

4,469

3,227

7,854

6,132

5,036

2,328

1,583

834

141

-1,322

813

84

Income tax expense

49

262

1,142

1,143

501

-889

198

924

4,261

-9,168

41

1,508

1,037

622

2,390

2,968

1,533

1,243

2,904

2,379

1,134

2,680

1,239

1,563

27

-1,324

697

1,670

1,194

386

2,142

1,443

666

741

64

-63

-804

309

-334

Net earnings

1,424

1,865

3,617

3,480

1,930

-491

2,013

3,238

16,925

8,670

1,096

2,485

1,860

450

4,183

5,017

2,537

2,745

4,889

3,852

1,863

3,316

2,137

2,624

138

1,486

1,266

2,799

2,033

7,467

3,990

3,593

1,662

842

770

204

-518

503

419

Net earnings per Class A Equivalent common share

0.08

0.08

0.21

0.20

0.11

-0.10

0.12

0.19

1.00

0.49

0.07

0.16

0.12

-0.01

0.28

0.34

0.17

0.15

0.35

0.28

0.14

0.20

0.17

0.21

0.01

0.05

0.11

0.24

0.18

0.54

0.39

0.36

0.17

0.08

0.08

0.02

-0.06

0.06

0.05

Net earnings per Class A Equivalent common share-assuming dilution

0.08

0.08

0.21

0.20

0.11

-0.11

0.12

0.19

0.99

0.49

0.07

0.15

0.11

0.00

0.27

0.33

0.17

0.15

0.34

0.27

0.13

0.19

0.17

0.20

0.01

0.07

0.10

0.22

0.16

0.53

0.36

0.34

0.16

0.08

0.08

0.02

-0.06

0.06

0.05

Weighted-average Class A equivalent common share outstanding

18,184

19,829

17,230

17,255

18,102

20,651

17,152

17,074

16,993

19,391

16,026

15,931

15,827

18,068

14,830

14,747

14,656

16,666

13,804

13,694

13,592

18,266

12,455

12,449

12,400

16,769

11,985

11,724

11,613

15,532

10,104

10,059

10,014

14,230

9,390

9,350

9,317

8,733

8,683

Weighted-average Class A equivalent common shares outstanding-assuming dilution

18,371

19,698

17,420

17,473

18,323

20,868

17,387

17,320

17,178

19,568

16,326

16,278

16,320

18,157

15,269

15,111

15,112

16,907

14,463

14,281

14,154

18,692

12,924

12,897

12,863

16,916

12,532

12,571

12,658

16,557

11,000

10,438

10,110

14,623

9,408

9,392

9,317

8,821

8,840