Security national financial corporation (SNFCA)
Income statement / TTM
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

85,124

81,860

77,793

76,599

76,145

75,928

74,707

73,558

71,865

70,412

69,337

69,005

67,406

64,501

61,586

58,992

57,007

56,409

55,071

54,312

53,732

53,008

52,820

51,609

51,179

50,471

49,221

48,673

48,050

48,216

48,963

48,741

48,352

48,457

45,658

43,565

0

0

0

Net investment income

-

-

-

-

-

-

-

-

-

-

-

31,189

32,002

31,978

35,379

35,722

35,177

34,007

32,607

32,367

30,484

28,303

25,614

22,676

20,995

20,354

20,006

20,323

20,862

21,915

22,297

21,444

0

-

0

0

-

-

-

Net investment income

46,378

43,019

41,516

40,679

39,880

39,913

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Net mortuary and cemetery sales

16,075

15,296

14,502

14,622

14,172

13,726

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net mortuary and cemetery sales

-

-

-

-

-

-

-

-

-

-

-

12,141

12,380

12,267

12,342

12,377

11,875

11,502

11,359

11,038

11,467

11,426

11,743

12,141

11,953

12,000

11,767

11,499

10,867

10,864

10,735

10,558

10,694

10,761

11,120

11,799

0

0

0

Gains (losses) on investments and other assets

-4,290

728

-1,169

372

3,726

23,941

21,710

20,367

18,927

-2,948

357

637

-128

-176

307

1,698

2,079

2,401

3,223

2,300

2,139

1,918

1,209

974

774

1,418

2,021

2,049

2,096

1,424

1,215

1,219

2,290

2,464

2,577

2,670

0

0

0

Other than temporary impairments on investments

-

-

-

-

-

-

-

-

-

774

-291

-485

-248

-270

-906

-820

-734

-605

-440

-113

-138

-164

574

220

336

336

883

1,293

1,192

1,207

1,275

865

850

840

65

5

0

0

0

Mortgage fee income

147,778

131,976

124,513

116,442

115,204

116,185

120,544

130,477

140,282

153,797

166,999

178,597

186,909

189,146

182,275

176,003

174,907

171,517

166,735

156,048

142,091

126,807

120,687

113,348

118,075

128,800

148,941

163,500

159,660

151,887

133,036

111,098

91,083

79,045

79,073

81,890

0

0

0

Other Revenues

10,108

10,180

9,617

9,900

9,906

9,923

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other revenues

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

-

-

-

-

-

-

-

-

-

-

-

-

-

6,887

5,942

5,610

5,337

5,121

5,331

4,820

4,318

3,747

3,267

3,064

2,873

2,606

2,322

1,841

1,445

1,159

862

826

793

1,108

1,148

1,672

0

0

0

Total revenues

301,176

283,060

266,773

258,616

259,036

279,618

279,117

283,725

288,172

276,926

287,815

298,933

305,707

304,334

297,262

289,808

285,761

280,354

274,441

260,672

244,043

225,047

214,768

203,595

205,516

215,315

233,398

246,593

241,789

234,260

215,203

192,780

172,718

159,567

157,937

159,662

0

0

0

Benefits and expenses:
Death benefits

44,920

41,591

37,983

36,662

36,768

36,298

34,721

34,877

34,069

33,256

34,736

33,214

32,003

31,033

29,940

30,274

31,054

31,158

30,328

29,386

28,352

27,100

26,983

26,485

25,967

26,048

25,717

25,487

23,847

22,277

21,620

21,009

21,221

22,184

21,175

20,901

0

0

0

Surrenders and other policy benefits

3,525

3,320

2,954

3,010

2,942

2,886

2,952

2,807

2,791

2,839

2,729

2,812

2,693

2,354

2,212

2,297

2,256

2,391

2,727

2,720

2,827

2,689

2,275

2,200

2,251

2,486

2,463

2,284

1,880

1,969

1,888

1,832

1,865

1,761

1,901

1,558

0

0

0

Increase in future policy benefits

24,855

23,568

23,319

24,025

24,498

24,332

24,373

24,422

23,639

23,622

23,214

22,862

22,768

21,322

19,994

18,231

16,999

17,057

16,253

16,911

17,718

17,905

19,593

19,395

19,410

19,594

18,234

18,797

19,836

21,435

25,287

24,798

24,303

22,258

18,329

17,357

0

0

0

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

15,021

14,634

13,343

12,612

11,649

11,631

10,175

9,668

9,326

8,480

8,053

8,115

8,054

8,003

8,179

7,216

6,686

5,641

5,825

6,341

6,656

6,892

6,168

5,493

5,091

5,181

0

0

0

-

0

0

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,181

5,769

7,443

6,861

0

0

0

Commissions

63,642

56,762

51,173

48,078

48,684

50,291

53,586

58,967

63,030

68,103

74,296

79,692

85,778

88,634

86,078

82,946

81,545

80,900

78,531

74,402

67,379

59,374

57,050

54,277

58,969

65,979

77,883

87,008

86,525

83,840

75,864

65,645

54,539

47,514

47,334

49,839

0

0

0

Personnel

67,909

64,221

63,839

64,627

65,833

67,368

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Personnel

-

-

-

-

-

-

-

-

-

-

-

72,169

71,646

70,254

68,061

66,075

63,744

60,860

58,196

55,568

52,176

49,360

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Personnel

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

42,795

40,630

39,062

37,135

35,469

25,128

23,895

22,805

22,477

24,028

24,824

0

0

0

Advertising

4,756

4,784

4,521

4,583

4,606

4,602

4,994

5,182

5,473

5,754

5,779

6,173

6,657

6,425

6,355

5,853

5,391

5,730

5,602

5,235

5,228

4,584

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Rent and rent related

6,765

7,055

7,176

7,341

7,546

7,605

7,823

8,167

8,450

8,710

8,905

8,771

8,607

8,448

8,291

8,148

8,030

7,850

7,505

7,151

6,677

6,135

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation on property and equipment

1,777

1,711

1,735

1,770

1,839

1,867

1,922

1,982

2,071

2,220

2,320

2,331

2,287

2,182

2,106

2,131

2,142

2,183

2,237

2,218

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation on property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loan loss reserve

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

3,449

3,667

2,975

1,294

1,000

2,094

1,426

1,571

1,751

2,639

4,007

4,389

4,239

3,760

2,463

1,781

2,070

3,214

3,828

0

0

0

Costs related to funding mortgage loans

6,880

6,278

6,107

5,923

6,409

6,423

6,495

7,572

7,812

8,663

9,549

9,105

8,778

9,191

8,910

8,897

9,351

8,901

8,257

7,837

7,336

6,451

6,586

6,198

6,325

6,635

6,980

7,416

7,177

6,931

6,315

5,555

4,756

4,240

4,692

5,079

0

0

0

Other expenses

-

-

-

-

-

-

-

-

-

-

-

30,062

29,049

28,183

28,668

27,199

27,349

26,954

26,134

25,413

24,289

22,800

6,267

10,006

14,067

18,328

20,964

20,087

17,875

16,017

29,645

27,118

0

-

0

0

-

-

-

Other

37,353

34,922

34,607

32,868

31,849

31,014

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Interest expense

7,713

7,386

7,012

6,789

6,686

6,956

7,039

6,839

6,544

6,037

5,631

5,451

5,301

5,111

4,682

4,398

4,537

4,458

4,306

4,069

3,481

2,994

2,740

2,452

2,544

2,853

3,338

3,813

3,782

3,744

3,528

2,883

2,414

1,961

2,033

2,245

0

0

0

Cost of goods and services sold-mortuaries and cemeteries

3,067

2,878

2,562

2,436

2,296

2,158

2,080

1,957

1,939

1,945

1,897

1,930

1,850

1,787

1,785

1,767

1,803

1,803

1,847

1,798

1,821

1,853

1,870

1,918

1,909

1,918

1,858

1,855

1,745

1,723

1,752

1,726

1,829

1,882

2,062

2,184

0

0

0

Total benefits and expenses

288,190

269,116

256,338

250,729

251,611

253,438

252,054

257,735

262,351

269,393

278,712

284,394

287,177

284,631

274,642

265,968

263,675

259,341

251,419

242,068

227,484

211,320

206,875

197,115

198,753

205,491

215,882

224,909

219,538

212,908

200,122

182,997

167,830

158,330

157,471

159,945

0

0

0

Earnings before income taxes

12,986

13,943

10,435

7,886

7,425

26,180

27,063

25,989

25,821

7,532

9,102

14,538

18,529

19,703

22,619

23,840

22,086

21,013

23,021

18,604

16,559

13,726

7,892

6,479

6,762

9,823

17,515

21,683

22,250

21,351

15,080

9,782

4,887

1,236

466

-283

0

0

0

Income tax expense

2,598

3,050

1,899

954

734

4,494

-3,784

-3,941

-3,357

-6,580

3,209

5,558

7,019

7,514

8,135

8,649

8,060

7,662

9,099

7,434

6,617

5,510

1,504

963

1,070

2,237

3,949

5,393

5,166

4,638

4,993

2,915

1,408

-62

-493

-892

0

0

0

Net earnings

10,387

10,893

8,535

6,932

6,690

21,686

30,848

29,931

29,178

14,112

5,893

8,979

11,510

12,188

14,483

15,190

14,025

13,351

13,921

11,169

9,941

8,216

6,387

5,516

5,691

7,585

13,566

16,289

17,083

16,712

10,087

6,867

3,479

1,298

960

609

0

0

0

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