NASDAQ : SNFCA
Security National Financial Corporation — Financial statements
Financials · Insurance - Life · United States
Last price 9.23 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 240.34M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 117.35M | 119.76M | 119.66M | 114.66M | 105.00M | 100.25M |
| Total Interest & Dividend Income | 74.49M | 79.34M | 71.73M | 72.34M | 66.20M | 58.26M |
| Gain (Loss) on Sale of Investments | 7.84M | 4.64M | 1.94M | 1.84M | -857.46K | 6.23M |
| Non-Insurance Activities Revenue | 132.68M | 136.91M | 136.60M | 126.01M | 200.49M | 287.42M |
| Other Revenue | 3.60M | 3.94M | 4.60M | 3.65M | 18.82M | 18.54M |
| Total Revenue | 335.96M | 344.59M | 334.52M | 318.50M | 389.65M | 470.70M |
| Policy Benefits | 98.70M | 100.82M | 100.61M | 100.01M | 92.93M | 93.48M |
| Policy Acquisition & Underwriting Costs | 54.16M | 58.71M | 57.99M | 57.95M | 81.27M | 134.43M |
| Depreciation & Amortization | 2.38M | 2.43M | 2.38M | 2.35M | 2.50M | 1.94M |
| Selling, General & Administrative | 39.83M | 39.59M | 36.69M | 43.23M | 59.31M | 67.05M |
| Non-Insurance Activities Expense | 11.26M | 11.28M | 10.94M | 11.25M | 12.26M | 14.25M |
| Total Operating Expenses | 288.62M | 298.66M | 292.89M | 297.33M | 347.45M | 411.77M |
| Operating Income | 47.34M | 45.93M | 41.63M | 21.17M | 42.21M | 58.93M |
| Interest Expense | -4.21M | -4.52M | -4.25M | -4.87M | -7.83M | -7.13M |
| Pretax Income | 43.13M | 41.41M | 37.37M | 16.30M | 34.38M | 51.80M |
| Income Tax Expense | 9.78M | 9.26M | 8.25M | 1.81M | 8.69M | 12.28M |
| Net Income | 33.35M | 32.15M | 29.12M | 14.50M | 25.69M | 39.52M |
| Net Income to Common | 33.35M | 32.15M | 29.12M | 14.50M | 25.69M | 39.52M |
| Shares Outstanding (Basic) | 26.00M | 25.96M | 25.72M | 25.57M | 25.68M | 25.70M |
| Shares Outstanding (Diluted) | 26.72M | 26.76M | 26.45M | 26.25M | 26.67M | 26.69M |
| EPS (Basic) | 1.28 | 1.24 | 1.13 | 0.57 | 1.00 | 1.54 |
| EPS (Diluted) | 1.25 | 1.20 | 1.10 | 0.55 | 0.97 | 1.48 |
| Free Cash Flow | 79.27M | 43.85M | 54.85M | 52.77M | 128.85M | 139.42M |
| Free Cash Flow Per Share | 2.97 | 1.64 | 2.07 | 2.01 | 4.83 | 5.22 |
| Operating Margin | 14.09% | 13.33% | 12.44% | 6.64% | 10.83% | 12.52% |
| Profit Margin | 9.93% | 9.33% | 8.71% | 4.55% | 6.59% | 8.40% |
| Free Cash Flow Margin | 23.59% | 12.72% | 16.40% | 16.57% | 33.07% | 29.62% |
| EBITDA | 56.59M | 54.99M | 50.74M | 30.65M | 60.14M | 79.32M |
| EBITDA Margin | 16.84% | 15.96% | 15.17% | 9.62% | 15.43% | 16.85% |
| D&A For EBITDA | 9.25M | 9.07M | 9.11M | 9.48M | 17.93M | 20.39M |
| EBIT | 47.34M | 45.93M | 41.63M | 21.17M | 42.21M | 58.93M |
| EBIT Margin | 14.09% | 13.33% | 12.44% | 6.64% | 10.83% | 12.52% |
| Effective Tax Rate | 22.68% | 22.36% | 22.09% | 11.08% | 25.27% | 23.71% |
| Revenue as Reported | 335.96M | 344.59M | 334.52M | 318.50M | 389.65M | 470.70M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Investments in Debt Securities | 379.82M | 382.33M | 367.07M | 381.92M | 345.85M | 259.79M |
| Investments in Equity & Preferred Securities | 28.53M | 25.08M | 20.94M | 18.22M | 15.55M | 15.18M |
| Policy Loans | 14.62M | 14.47M | 14.02M | 13.26M | 13.10M | 13.48M |
| Other Investments | 68.44M | 74.00M | 62.78M | 56.14M | 57.41M | 54.48M |
| Total Investments | 1.02B | 1.04B | 972.72M | 934.50M | 938.67M | 823.02M |
| Cash & Equivalents | 164.42M | 104.19M | 141.55M | 129.81M | 122.85M | 132.41M |
| Reinsurance Recoverable | 12.83M | 13.66M | 13.82M | 14.86M | 15.03M | 14.85M |
| Other Receivables | 26.45M | 24.68M | 24.37M | 25.51M | 38.87M | 24.63M |
| Deferred Policy Acquisition Cost | 139.97M | 135.98M | 127.22M | 116.35M | 108.66M | 105.05M |
| Property, Plant & Equipment | 17.60M | 22.12M | 23.88M | 25.55M | 30.57M | 34.00M |
| Goodwill | 5.25M | 5.25M | 5.25M | 5.25M | 5.25M | 5.25M |
| Other Intangible Assets | 3.73M | 4.08M | 3.00M | 3.26M | 3.51M | |
| Restricted Cash | 12.07M | 9.92M | 8.55M | 10.11M | 10.64M | 9.00M |
| Other Current Assets | 20.87M | 17.72M | 11.87M | 12.19M | 20.26M | 21.27M |
| Other Long-Term Assets | 41.45M | 32.83M | 29.97M | 26.87M | 25.87M | 71.81M |
| Total Assets | 1.61B | 1.56B | 1.49B | 1.43B | 1.46B | 1.55B |
| Accounts Payable | 3.89M | 4.15M | 2.94M | 2.94M | 5.36M | 10.17M |
| Insurance & Annuity Liabilities | 792.68M | 792.31M | 745.39M | 907.45M | 879.13M | 854.28M |
| Unpaid Claims | 6.39M | 7.40M | 6.69M | 8.59M | 10.20M | 8.99M |
| Unearned Premiums | 1.74M | 1.82M | 2.01M | 2.54M | 2.77M | 3.06M |
| Current Portion of Long-Term Debt | 89.31K | 6.34M | 15.59M | 12.96M | 66.94M | 1.55M |
| Current Portion of Leases | 2.33M | |||||
| Short-Term Debt | 1.25M | |||||
| Current Income Taxes Payable | 27.75M | 516.85K | -725.17K | 246.44K | 16.35M | -1.56M |
| Long-Term Debt | 122.23M | 92.17M | 94.04M | 96.00M | 96.12M | 249.97M |
| Long-Term Leases | 1.90M | 5.43M | 6.90M | 10.63M | 62.77K | |
| Long-Term Deferred Tax Liabilities | 25.40M | 25.27M | 13.51M | 14.36M | 32.59M | |
| Other Current Liabilities | 138.03M | 140.61M | 142.81M | 43.60K | 50.94K | |
| Other Long-Term Liabilities | 58.87M | 53.53M | 52.82M | 48.02M | 49.79M | 72.36M |
| Total Liabilities | 1.18B | 1.15B | 1.11B | 1.12B | 1.17B | 1.25B |
| Common Stock | 54.75M | 52.03M | 49.15M | 46.04M | 43.30M | 41.02M |
| Additional Paid-In Capital | 101.19M | 89.87M | 79.70M | 72.42M | 64.77M | 57.99M |
| Retained Earnings | 251.84M | 248.80M | 227.80M | 206.98M | 202.16M | 184.54M |
| Treasury Stock | -9.91M | -9.09M | -8.48M | -5.66M | -4.37M | -1.85M |
| Comprehensive Income & Other | 35.17M | 28.76M | 33.72M | -6.89M | -13.07M | 18.07M |
| Shareholders' Equity | 433.04M | 410.37M | 381.90M | 312.90M | 292.79M | 299.77M |
| Total Liabilities & Equity | 1.61B | 1.56B | 1.49B | 1.43B | 1.46B | 1.55B |
| Filing Date Shares Outstanding | 26.04M | 26.06M | 25.98M | 25.67M | 25.60M | 25.96M |
| Total Common Shares Outstanding | 26.03M | 26.06M | 25.86M | 25.67M | 25.54M | 25.90M |
| Total Debt | 122.32M | 102.75M | 115.06M | 115.86M | 173.69M | 252.83M |
| Net Cash (Debt) | 42.10M | 1.45M | 26.49M | 13.95M | -50.85M | -120.42M |
| Net Cash Per Share | 1.58 | 0.05 | 1.00 | 0.53 | -1.91 | -4.51 |
| Book Value Per Share | 16.63 | 15.75 | 14.77 | 12.19 | 11.46 | 11.57 |
| Tangible Book Value | 427.78M | 401.38M | 372.57M | 304.64M | 284.28M | 291.00M |
| Tangible Book Value Per Share | 16.43 | 15.40 | 14.41 | 11.87 | 11.13 | 11.24 |
| Land | 17.51M | 17.19M | 16.57M | 16.55M | 16.53M | |
| Machinery | 15.48M | 16.00M | 16.32M | 17.57M | 24.80M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 33.35M | 32.15M | 29.12M | 14.50M | 25.69M | 39.52M |
| Depreciation & Amortization | 9.25M | 9.07M | 9.11M | 9.48M | 17.93M | 20.39M |
| Other Amortization | 11.66M | 11.66M | 11.01M | 18.02M | 17.95M | 16.14M |
| Gain (Loss) on Sale of Assets | -53.05M | -53.05M | -48.25M | -39.76M | -100.00M | -169.09M |
| Gain (Loss) on Sale of Investments | -4.64M | -4.64M | -1.94M | -1.84M | 857.46K | -6.23M |
| Stock-Based Compensation | 2.78M | 2.78M | 2.02M | 2.81M | 5.99M | 6.13M |
| Change in Insurance Reserves / Liabilities | 31.23M | 31.23M | 32.18M | 29.75M | 27.49M | 22.10M |
| Change in Other Net Operating Assets | 6.61M | 6.61M | 3.32M | -2.09M | -939.08K | -31.65M |
| Other Operating Activities | 14.26M | -19.39M | -21.68M | -30.33M | -41.71M | -42.53M |
| Operating Cash Flow | 80.57M | 45.54M | 57.32M | 53.88M | 130.45M | 144.64M |
| Capital Expenditures | -1.30M | -1.69M | -2.47M | -1.11M | -1.60M | -5.22M |
| Sale of Property, Plant & Equipment | 97.52K | 75.72K | 365.70K | 69.25K | ||
| Purchase / Sale of Intangible Assets | 79.98M | |||||
| Cash Acquisitions | -12.63M | |||||
| Investment in Securities | 7.96M | -7.48M | 15.03M | -28.00M | -127.81M | 31.08M |
| Other Investing Activities | -3.73M | -2.40M | -6.47M | -2.85M | 342.55K | 329.78K |
| Investing Cash Flow | 11.39M | -67.21M | -43.13M | 14.61M | -37.16M | -63.61M |
| Long-Term Debt Issued | 69.00M | 2.86M | 68.50M | 59.62M | 107.00M | |
| Total Debt Repaid | -60.51M | -77.46M | -1.93M | -124.75M | -149.25M | -153.62M |
| Net Debt Issued (Repaid) | -890.40K | -8.46M | 926.13K | -56.25M | -89.63M | -46.62M |
| Issuance of Common Stock | 78.56K | 106.01K | 449.12K | 134.39K | 143.43K | 1.08M |
| Repurchases of Common Stock | -1.74M | -1.61M | -3.05M | -2.85M | -7.66M | -5.77M |
| Financing Cash Flow | -7.87M | -14.32M | -4.01M | -62.04M | -101.22M | -55.08M |
| Net Cash Flow | 84.09M | -35.99M | 10.18M | 6.44M | -7.93M | 25.95M |
| Free Cash Flow | 79.27M | 43.85M | 54.85M | 52.77M | 128.85M | 139.42M |
| Free Cash Flow Margin | 23.59% | 12.72% | 16.40% | 16.57% | 33.07% | 29.62% |
| Free Cash Flow Per Share | 2.97 | 1.64 | 2.07 | 2.01 | 4.83 | 5.22 |
| Levered Free Cash Flow | 217.02M | 19.96M | 181.52M | 54.84M | 298.21M | 183.77M |
| Unlevered Free Cash Flow | 219.65M | 22.78M | 184.17M | 57.89M | 303.10M | 188.23M |
| Cash Interest Paid | 4.19M | 4.54M | 4.20M | 5.14M | 7.70M | 7.29M |
| Cash Income Tax Paid | 8.91M | 6.54M | 8.23M | 20.41M | 729.69K | 5.13M |
| Change in Working Capital | 37.85M | 37.85M | 35.50M | 27.66M | 26.55M | -9.54M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 238.25M | 222.55M | 280.29M | 198.66M | 157.77M | 186.42M |
| Enterprise Value | 196.15M | 244.65M | 216.74M | 174.01M | 276.05M | 338.93M |
| PE Ratio | 7.32 | 6.92 | 9.63 | 13.71 | 6.14 | 4.72 |
| PS Ratio | 0.71 | 0.65 | 0.84 | 0.62 | 0.41 | 0.40 |
| PB Ratio | 0.55 | 0.54 | 0.73 | 0.64 | 0.54 | 0.62 |
| P/FCF Ratio | 3.01 | 5.08 | 5.11 | 3.77 | 1.22 | 1.34 |
| P/OCF Ratio | 2.96 | 4.89 | 4.89 | 3.69 | 1.21 | 1.29 |
| EV/Sales Ratio | 0.58 | 0.71 | 0.65 | 0.55 | 0.71 | 0.72 |
| EV/EBITDA Ratio | 3.47 | 4.45 | 4.27 | 5.68 | 4.59 | 4.27 |
| EV/EBIT Ratio | 4.14 | 5.33 | 5.21 | 8.22 | 6.54 | 5.75 |
| EV/FCF Ratio | 2.47 | 5.58 | 3.95 | 3.30 | 2.14 | 2.43 |
| Debt / Equity Ratio | 0.28 | 0.25 | 0.30 | 0.37 | 0.59 | 0.84 |
| Debt / EBITDA Ratio | 2.03 | 1.75 | 2.06 | 3.09 | 2.59 | 3.19 |
| Debt / FCF Ratio | 1.54 | 2.34 | 2.10 | 2.20 | 1.35 | 1.81 |
| Net Debt / Equity Ratio | -0.10 | -0.00 | -0.07 | -0.04 | 0.17 | 0.40 |
| Net Debt / EBITDA Ratio | -0.74 | -0.03 | -0.52 | -0.46 | 0.84 | 1.52 |
| Net Debt / FCF Ratio | -0.53 | -0.03 | -0.48 | -0.26 | 0.40 | 0.86 |
| Quick Ratio | 1.03 | 0.74 | 0.96 | 5.51 | 1.53 | 6.41 |
| Current Ratio | 2.17 | 2.01 | 1.99 | 11.88 | 3.47 | 21.48 |
| Asset Turnover | 0.21 | 0.23 | 0.23 | 0.22 | 0.26 | 0.30 |
| Return on Equity (ROE) | 8.47% | 8.12% | 8.38% | 4.79% | 8.67% | 14.02% |
| Return on Assets (ROA) | 1.88% | 1.88% | 1.78% | 0.92% | 1.75% | 2.38% |
| Return on Invested Capital (ROIC) | 6.72% | 7.06% | 7.01% | 4.21% | 6.19% | 7.96% |
| Earnings Yield | 13.66% | 14.45% | 10.39% | 7.30% | 16.28% | 21.20% |
| FCF Yield | 33.27% | 19.70% | 19.57% | 26.56% | 81.67% | 74.79% |
| Buyback Yield / Dilution | -0.18% | -1.18% | -0.73% | 1.55% | 0.09% | -3.26% |