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Security National Financial (SNFCA) investor relations material
Security National Financial Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Second quarter 2026 net earnings increased 7.3% year-over-year to $9.0M, with diluted EPS at $0.33, despite a 6.3% revenue decline to $83.9M; first half net earnings rose 8.1% to $16.0M, with EPS at $0.60.
Profitability improvements were driven by operational efficiencies, cost reductions, and higher gains on investments and funeral/cemetery sales.
The Mortgage segment returned to profitability, the Cemetery and Mortuary segment saw strong revenue and profit growth, and the Life Insurance segment maintained solid fundamentals despite lower revenue.
Lower mortgage fee and investment income were partially offset by higher gains on investments and funeral/cemetery sales.
Financial highlights
Net earnings for Q2 2026 were $9.0M, up 28.3% sequentially from Q1 2026.
Comprehensive income for the first half of 2026 was $22.4M, up 86.6% year-over-year, mainly due to favorable interest rate remeasurement under LDTI.
Cash and cash equivalents rose to $163.4M at June 30, 2026, from $102.3M at year-end, a 60% increase.
Combined commissions and personnel expenses decreased 13.5% for the quarter and 11.8% year-to-date.
Selling, general and administrative expenses fell 10.9% to $42.7M.
Outlook and guidance
Management expects future profitability from increased land holdings, improved sales processes, and continued focus on niche insurance, funeral/cemetery, and mortgage origination.
Construction loan origination activity rebounded in Q2, signaling potential for stronger investment income in the second half.
Anticipates renewal of key mortgage warehouse lines of credit in 2026; alternative funding may be sought if not renewed.
- Earnings surged 10.8% to $32.2M in 2025, with all proposals and board actions approved.SNFCA
AGM 2026 - Net earnings rose 9.2% to $7.0M in Q1 2026 despite a 3.6% revenue decline.SNFCA
Q1 2026 - Proxy covers director elections, equity plan amendment, compensation, and auditor ratification.SNFCA
Proxy filing - Key votes include director elections, equity plan changes, and auditor ratification for 2026.SNFCA
Proxy filing - 2025 earnings up 10.8% to $32.2M, record profits, strong Life, Mortgage losses reduced.SNFCA
Q4 2025 - Annual meeting to vote on director elections, equity plan expansion, and auditor ratification.SNFCA
Proxy Filing - Director elections, equity plan amendment, and auditor ratification up for vote at annual meeting.SNFCA
Proxy Filing - Voting requirements for the 2022 Equity Incentive Plan amendment were clarified for the annual meeting.SNFCA
Proxy Filing - Net income fell 42% to $4.34M as investment income dropped, despite revenue growth.SNFCA
Q1 2025
Next Security National Financial earnings date
Next Security National Financial earnings date
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