Security National Financial Q1 revenue falls but profit rises on operational efficiencies

Security National Financial

11/05/2026 21:32

Overview

US funeral, insurance and mortgage provider's Q1 revenue fell 3.6% yr/yr, after-tax earnings rose 9%

Q1 net earnings per share rose to $0.28 from $0.26 a year earlier

Company attributes improved profitability to operational efficiencies despite lower revenue

Outlook

Company says top line growth remains a main objective for all business units

Security National Financial continues to focus on operational efficiencies to improve profitability

Company says sales force reorganization in Life Insurance segment is ongoing and progress is deliberate

Result Drivers

OPERATIONAL EFFICIENCIES - Co said improved profitability was driven by operational efficiencies across segments, per CEO Scott M. Quist

MORTGAGE SEGMENT LOSS NARROWING - Mortgage Segment loss improved by over 65% yr/yr, though segment remained unprofitable due to lower secondary investor pricing in March

FUNERAL HOME AND CEMETERY INVESTMENT LOSSES - Segment net income decreased due to unrealized losses in common stock portfolio, despite operational income rising 16% yr/yr

Company press release: ID:nGNX7mFFfb

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.28


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)