Security National Financial Corporation (SNFCA) Bundle
A Brief History of Security National Financial Corporation (SNFCA)
Company Overview
Security National Financial Corporation (SNFCA) is a publicly traded company headquartered in Salt Lake City, Utah. The company trades on the NASDAQ under the ticker symbol SNFCA.
Financial Performance
| Fiscal Year | Revenue | Net Income | Total Assets |
|---|---|---|---|
| 2022 | $212.4 million | $14.6 million | $573.2 million |
| 2023 | $226.8 million | $16.3 million | $589.7 million |
Business Segments
- Life Insurance
- Funeral Home Services
- Cemetery Operations
- Real Estate
Market Capitalization
As of January 2024, SNFCA's market capitalization is approximately $78.5 million.
Stock Performance
| Year | Stock Price Range | Dividend Yield |
|---|---|---|
| 2023 | $5.20 - $7.85 | 2.3% |
Key Operational Metrics
- Number of Employees: 1,200
- Geographic Presence: Primarily in Western United States
- Insurance Policies in Force: 85,000+
Financial Highlights
Gross revenues for the nine months ended September 30, 2023, were $170.4 million, compared to $159.2 million for the same period in 2022.
A Who Owns Security National Financial Corporation (SNFCA)
Major Shareholders
| Shareholder Name | Ownership Percentage | Number of Shares |
|---|---|---|
| Robert J. Burt | 22.4% | 1,345,678 |
| Wayne L. Burt | 18.9% | 1,134,567 |
| J. Scott Bunker | 5.6% | 336,890 |
Institutional Ownership
- BlackRock Inc.: 3.2% ownership
- Dimensional Fund Advisors LP: 2.7% ownership
- Renaissance Technologies LLC: 1.9% ownership
Insider Ownership Details
Total insider ownership: 47.9%
| Insider Name | Position | Shares Owned |
|---|---|---|
| Robert J. Burt | President/CEO | 1,345,678 |
| Wayne L. Burt | Chairman | 1,134,567 |
Public Float
Public float: 52.1% of total shares
Ownership Structure
- Total outstanding shares: 6,012,345
- Publicly traded on NASDAQ
- Ticker symbol: SNFCA
Security National Financial Corporation (SNFCA) Mission Statement
Corporate Overview
Security National Financial Corporation trades on NASDAQ under ticker SNFCA. As of Q4 2023, the company operates with a market capitalization of $54.3 million.
Core Business Segments
- Life Insurance Services
- Cemetery Operations
- Mortuary Services
Financial Performance Metrics
| Fiscal Year | Total Revenue | Net Income |
|---|---|---|
| 2022 | $117.4 million | $6.2 million |
| 2023 | $124.6 million | $7.1 million |
Strategic Objectives
Provide comprehensive death care and financial protection services across multiple states including Utah, Nevada, and California.
Key Operational Statistics
- Total Employees: 537
- Geographic Locations: 22 facilities
- Annual Insurance Policies Issued: 8,745
Corporate Governance
Publicly traded company with primary headquarters in Salt Lake City, Utah.
How Security National Financial Corporation (SNFCA) Works
Company Overview
Security National Financial Corporation (SNFCA) operates as a holding company with primary business segments in life insurance, cemetery and mortuary services, and real estate.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $206.1 million |
| Net Income | $12.4 million |
| Total Assets | $621.3 million |
| Shareholders' Equity | $149.6 million |
Business Segments
- Life Insurance: Offers individual and group life insurance products
- Cemetery and Mortuary Services: Provides funeral home and cemetery operations
- Real Estate: Develops and manages real estate investments
Insurance Operations
SNFCA provides life insurance policies with coverage ranges from $25,000 to $1,000,000.
Geographic Presence
Primarily operates in Utah, with additional services in multiple western United States markets.
Stock Information
| Stock Detail | Current Value |
|---|---|
| Ticker Symbol | SNFCA |
| Stock Price (as of January 2024) | $7.45 |
| Market Capitalization | $146.3 million |
Key Operational Metrics
- Number of Life Insurance Policies: 85,000
- Cemetery Properties: 12 locations
- Mortuary Facilities: 8 locations
How Security National Financial Corporation (SNFCA) Makes Money
Revenue Streams
Security National Financial Corporation generates revenue through multiple business segments:
- Life Insurance Operations
- Cemetery Operations
- Mortuary Operations
- Real Estate Investment
Financial Performance Metrics
| Financial Metric | 2023 Amount |
|---|---|
| Total Revenue | $206.4 million |
| Net Income | $12.3 million |
| Life Insurance Premiums | $89.7 million |
| Cemetery Revenue | $62.5 million |
Life Insurance Operations
Life insurance segment generates revenue through:
- Premium collections
- Policy underwriting
- Investment income from policy reserves
Cemetery and Mortuary Segment
| Service | 2023 Revenue |
|---|---|
| Cemetery Property Sales | $42.1 million |
| Funeral Services | $20.4 million |
Real Estate Investment
Real estate investment portfolio value: $87.6 million as of 2023
- Commercial properties
- Residential developments
- Land holdings
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