Security National Financial (SNFCA) Q1 2026 earnings summary

Executive summary

• Total revenues for Q1 2026 decreased 3.6% year-over-year to $79.7M, with net earnings rising to $7.0M from $6.4M in Q1 2025.

• Profitability was supported by lower policyholder benefits and claims, and reduced selling, general, and administrative expenses.

• All business segments remained profitable except the mortgage segment, which reported a reduced net loss.

Financial highlights

• Net earnings increased 9.2% year-over-year to $7.0M.

• Revenue declined 3.6% to $79.7M, mainly due to lower mortgage fee income and insurance premiums.

• Net investment income fell 3.7% to $18.5M.

• EPS was $0.28 basic and $0.27 diluted, up from $0.26 and $0.25, respectively.

• Cash provided by operations rose to $32.9M from $9.6M year-over-year.

Outlook and guidance

• Management expects continued focus on niche insurance products, funeral home/cemetery business, and mortgage loan origination.

• The company anticipates sufficient liquidity and capital resources to fund operations and meet obligations.