Core Insights - Security National Financial Corporation (SNFC) is set to hold a groundbreaking ceremony for the Mountain Vistas Mausoleum at Singing Hills Memorial Park, emphasizing its commitment to creating thoughtfully designed memorial spaces for families in the San Diego region [1][3]. Company Overview - Security National Financial Corporation operates a diversified range of businesses, including life insurance, cemetery and mortuary services, and mortgage segments, focusing on stability, integrity, and long-term stewardship [6]. - The company aims to provide financial security, compassionate care, and lasting value through its services, helping families honor the lives and legacies of their loved ones [6]. Project Details - The Mountain Vistas Mausoleum represents a significant expansion of Singing Hills Memorial Park, which has been recognized for its serene landscape and compassionate service since its establishment in 1996 [2][5]. - The mausoleum will offer exclusive predevelopment pricing immediately after the groundbreaking, allowing families to secure space at preferred rates [3]. - The groundbreaking ceremony is scheduled for December 18, 2025, at 2 pm, marking the official start of construction [3]. Community and Partnerships - The project is a collaboration with Matthews Gibraltar Mausoleum & Construction, along with local partners such as Walsh Engineering, Ironman Enterprises, and Dalley Masonry, highlighting the importance of trusted local relationships in the development process [4]. - The expansion aims to enhance the park's reputation as a distinctive, boutique setting for memorialization, reinforcing its mission to provide families with meaningful choices and exceptional care [4].

Core Viewpoint - Security National Financial Corporation (SNFC) reported a significant decrease in after-tax earnings for the third quarter of 2025, with a 34% drop compared to the same period in 2024, highlighting challenges in the current financial landscape while noting some operational improvements and strategic management changes [1][2]. Financial Performance - For the three months ended September 30, 2025, after-tax earnings fell to $7,815,000 from $11,831,000 in 2024, marking a 34% decrease [1]. - For the nine months ended September 30, 2025, after-tax earnings decreased by 30% to $18,866,000 from $26,578,000 in 2024 [1]. - The company achieved a Return On Equity (ROE) of 7.9% for the nine months, which, if annualized, would be 10.5%, an improvement from 8.5% reported in June [1]. Business Segments Overview - The Mortgage Segment reported profitability for the quarter, marking only the third profitable quarter in the last three years, despite ongoing challenges in the mortgage market [2]. - The Cemetery and Mortuary Segment showed improved results over Q3 2024, with stabilized preneed cemetery land sales [2]. - The Life Insurance Segment experienced weak earnings primarily due to Deferred Acquisition Costs (DAC), Current Expected Credit Losses (CECL), and lower unrealized gains on common stock [2]. Revenue and Earnings Breakdown - For Q3 2025, the revenues and earnings before taxes for each segment were as follows: - Life Insurance: Revenues of $50,790,000 (up 4.0% from $48,853,000) with earnings of $7,042,000 (down 43.0% from $12,358,000) [3]. - Cemeteries/Mortuaries: Revenues of $8,928,000 (up 4.5% from $8,543,000) with earnings of $3,045,000 (up 7.2% from $2,841,000) [3]. - Mortgages: Revenues of $29,608,000 (down 4.1% from $30,878,000) with earnings of $66,000 (up 312.5% from $16,000) [3]. - For the nine months ended September 30, 2025, total revenues were $261,607,000 (up 2.5% from $255,253,000) with earnings before taxes of $24,060,000 (down 29.7% from $34,224,000) [3]. Shareholder Information - As of September 30, 2025, there were 24,697,314 Class A equivalent shares outstanding [5]. - An earnings call is scheduled for November 14, 2025, to review the third-quarter results and provide updates on the business segments [5].

Insurance Operations - Insurance premiums for the three months ended September 30, 2025, were $29,881,000, a 0% change from $30,011,000 in 2024, while for the nine months, they were $89,846,000, also a 0% change from $89,824,000[309] - Total segment revenues for the insurance operations increased by 4% to $52,835,000 for the three months ended September 30, 2025, and by 4% to $156,795,000 for the nine months compared to the previous year[309] - The company plans to continue focusing on niche insurance products, cemetery and mortuary business, and capitalizing on the improving housing market through mortgage loans[305] Investment Income - Net investment income increased by 13% to $19,279,000 for the three months ended September 30, 2025, compared to $17,106,000 in 2024, and by 9% to $57,910,000 for the nine months compared to $52,902,000 in 2024[309] - Net investment income rose by $2,310,000, or 13.0%, to $20,109,000 for the three-month period ended September 30, 2025, driven by a $3,117,000 increase in mortgage loan interest[322] - The company's investment policy focuses on fixed maturity securities, real estate, and mortgage loans, aiming to exceed the accruing liabilities under its cemetery and mortuary policies[351] Cemetery and Mortuary Operations - Cemetery revenues for the three months ended September 30, 2025, were $3,624,000, a 1% increase from $3,598,000 in 2024, while mortuary revenues increased by 9% to $3,517,000 from $3,216,000[312] - Total segment revenues for cemetery and mortuary operations increased by 4% to $9,014,000 for the three months ended September 30, 2025, but decreased by 2% to $25,442,000 for the nine months compared to 2024[312] - Net mortuary and cemetery sales increased by $327,000, or 4.8%, to $7,141,000 for the three-month period ended September 30, 2025, attributed to a $301,000 increase in mortuary at-need sales[324] Mortgage Operations - SecurityNational Mortgage originated 5,216 loans totaling $1,756,289,000 for the nine months ended September 30, 2025, compared to 5,505 loans totaling $1,723,036,000 in 2024[316] - Segment net earnings for the mortgage operations showed a loss of $2,752,000 for the nine months ended September 30, 2025, compared to a loss of $1,416,000 in 2024[318] Financial Performance - Total revenues increased by $1,052,000, or 1.2%, to $89,326,000 for the three-month period ended September 30, 2025, compared to $88,274,000 for the same period in 2024[319] - For the nine-month period ended September 30, 2025, total revenues increased by $6,354,000, or 2.5%, to $261,607,000 from $255,253,000 for the comparable period in 2024[334] - Total benefits and expenses were $79,173,000, or 88.6% of total revenues, for the three-month period ended September 30, 2025, compared to $73,059,000, or 82.8% of total revenues, for the same period in 2024[332] Expenses - The company experienced a $5,991,000 increase in selling, general and administrative expenses for the nine months ended September 30, 2025, primarily due to personnel expenses[309] - Selling, general and administrative expenses increased by $9,399,000, or 7.3%, to $138,351,000 for the nine-month period ended September 30, 2025, primarily due to a $3,966,000 increase in personnel expenses[343] - Mortgage fee income decreased by $1,085,000, or 3.6%, to $29,139,000 for the three-month period ended September 30, 2025, primarily due to a $3,163,000 decrease in the fair value of loans held for sale[320] Capitalization and Compliance - As of September 30, 2025, the company's total capitalization was $488,478,000, an increase from $445,522,000 as of December 31, 2024, primarily due to a $26,600,000 increase in stockholders' equity[354] - The combined statutory capital and surplus of the company's life insurance subsidiaries was approximately $133,949,000 as of September 30, 2025, up from $120,216,000 as of December 31, 2024[356] - The company is in compliance with risk-based capital guidelines established by regulators as of September 30, 2025[353] Other Financial Metrics - Death benefits, surrenders, and other policy benefits increased by $2,267,000, or 3.1%, to $76,223,000 for the nine-month period ended September 30, 2025[341] - Interest expense increased by $317,000, or 10.0%, to $3,479,000 for the nine-month period ended September 30, 2025, primarily due to an increase in interest expense on mortgage warehouse lines of credit[344] - The Company provided cash of approximately $27,553,000 from operations during the nine-month period ended September 30, 2025, a decrease from approximately $34,894,000 for the same period in 2024[349] Lapse Rate and Bond Investments - The lapse rate for life insurance increased to 7.0% in 2024 from 4.4% in 2023, with the 2025 lapse rate to date being approximately the same as 2024[355] - As of September 30, 2025, 1.6% of the company's total bond investments were in non-investment grade bonds, down from 2.4% as of December 31, 2024[352] - The company's bonds amounted to $370,953,000 at estimated fair value as of September 30, 2025, representing 35.4% of total investments, compared to $348,774,000 and 38.0% as of December 31, 2024[352] Legislative Impact - The company is currently assessing the impact of the One Big Beautiful Bill Act on its financial statements but does not expect a material impact[357]

Core Points - Security National Financial Corporation will hold an earnings call on November 14, 2025, to discuss its third-quarter earnings [1][2] - The call will begin at approximately 1 PM (MST) and will include a review of the company's third-quarter results and updates from its three business segments [2] - Participants will have the opportunity to ask questions if time permits during the call [2] Company Information - Shareholders can access the earnings call through a provided link or directly from the company's website under the Investor Relations section [2] - The press release includes forward-looking statements that may predict future events or outcomes related to the company, which involve risks and uncertainties [3]

Company Overview - Security National Financial Corporation (NASDAQ: SNFCA) will celebrate its 60th anniversary by ringing the opening bell in New York City on September 24, 2025 [1][2] - The company was founded in 1965 as Security National Life Insurance Company and has evolved into a trusted leader in the industry over the past six decades [2] - Security National operates in three distinct business segments: life insurance, funeral services, and mortgage loan originations [2] Event Details - The bell ringing ceremony is scheduled for September 24, 2025, at 9:15 am EST [2] - A live-stream link for the event is available at https://www.nasdaq.com/marketsite/bell-ringing-ceremony [2]

Core Viewpoint - Security National Financial Corporation (SNFC) reported a decline in after-tax earnings for the second quarter and first half of 2025, attributing part of the decrease to challenges in the mortgage industry and ongoing efforts to improve sales and operational efficiency [1][2]. Financial Performance - For Q2 2025, after-tax earnings decreased by 10% to $6,506,000 from $7,271,000 in Q2 2024, while for the first half of 2025, earnings fell by 26% to $10,845,000 from $14,746,000 in the same period of 2024 [1]. - The company achieved an annualized Return On Equity (ROE) of 8% for the first half of 2025, which is below the 10-year average of 13.3% [1]. - Total revenues for Q2 2025 were $89,541,000, a 4.4% increase from $85,791,000 in Q2 2024, while total earnings before taxes decreased by 11.2% to $8,337,000 from $9,390,000 [5]. Segment Performance - **Life Insurance Segment**: Revenues increased by 9.1% to $51,525,000 in Q2 2025, with earnings before taxes rising by 14.6% to $8,214,000 [5]. - **Cemetery and Mortuary Segment**: Revenues decreased by 1.7% to $8,140,000, with earnings before taxes down by 14.2% to $1,794,000 [5]. - **Mortgage Segment**: Revenues fell by 1.3% to $29,876,000, with a loss before taxes of $1,671,000 compared to a profit of $134,000 in Q2 2024 [5]. Strategic Initiatives - The company has made significant investments in residential land holdings, totaling approximately $50 million, aiming for higher future yields despite sacrificing current income [3]. - SNFC is focused on improving sales performance across all segments, including a recent reorganization of the executive sales staff to enhance sales capabilities [4][5]. - The company anticipates that increased life insurance premium rates will contribute an additional 1.5 percentage points to ROE in the short term [1]. Market Context - The mortgage market remains challenging, with increased commission expenses impacting profitability, although the company believes it is performing comparably to industry peers [5]. - The nationwide cremation rate has surpassed 50%, influencing revenue dynamics in the Cemetery and Mortuary Segment [4].

[Part I - Financial Information](index=4&type=section&id=Part%20I%20-%20Financial%20Information) [Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) This section presents the unaudited condensed consolidated financial statements for the periods ended June 30, 2025, including balance sheets, statements of earnings, comprehensive income, stockholders' equity, and cash flows [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets increased to **$1.544 billion** as of June 30, 2025, from **$1.490 billion** at December 31, 2024, primarily driven by growth in total investments Condensed Consolidated Balance Sheet Highlights (in thousands) | Balance Sheet Item | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Total Investments | $1,042,892 | $966,391 | | Cash and cash equivalents | $79,318 | $140,546 | | Total Assets | $1,543,978 | $1,489,807 | | Total Liabilities | $1,189,223 | $1,151,025 | | Total Stockholders' Equity | $354,755 | $338,782 | [Condensed Consolidated Statements of Earnings](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Earnings) For the six months ended June 30, 2025, total revenues increased to **$172.3 million**, but net earnings declined to **$10.8 million** due to higher benefits and expenses Six Months Ended June 30, Performance Comparison (in thousands) | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Total Revenues | $172,281 | $166,980 | | Total Benefits and Expenses | $158,373 | $147,971 | | Net Earnings | $10,845 | $14,746 | | Diluted EPS | $0.42 | $0.59 | Three Months Ended June 30, Performance Comparison (in thousands) | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Total Revenues | $89,541 | $85,791 | | Total Benefits and Expenses | $81,205 | $76,402 | | Net Earnings | $6,506 | $7,272 | | Diluted EPS | $0.25 | $0.29 | [Condensed Consolidated Statements of Comprehensive Income](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income) Comprehensive income for the six months ended June 30, 2025, was **$16.0 million**, driven by a **$5.1 million** positive change in other comprehensive income from unrealized gains on fixed maturity securities Comprehensive Income Comparison (Six Months Ended June 30, in thousands) | Item | 2025 | 2024 | | :--- | :--- | :--- | | Net Earnings | $10,845 | $14,746 | | Other Comprehensive Income (Loss), net of tax | $5,121 | $(1,412) | | **Comprehensive Income** | **$15,966** | **$13,334** | [Condensed Consolidated Statements of Stockholders' Equity](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Stockholders%27%20Equity) Total stockholders' equity increased by **$16.0 million** during the first six months of 2025, primarily due to **$10.8 million** in net earnings and **$5.1 million** in other comprehensive income Roll-Forward of Stockholders' Equity (Six Months Ended June 30, 2025, in thousands) | Description | Amount | | :--- | :--- | | Beginning Balance (Dec 31, 2024) | $338,782 | | Net Earnings | $10,845 | | Other Comprehensive Income | $5,121 | | Stock Dividends | $(11,160) | | Net Treasury Stock & Other | $(8,833) | | **Ending Balance (June 30, 2025)** | **$354,755** | [Condensed Consolidated Statements of Cash Flows](index=10&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operating activities sharply declined to **$1.9 million** for the first six months of 2025, with **$72.4 million** used in investing activities, resulting in a **$57.7 million** net decrease in cash Cash Flow Summary (Six Months Ended June 30, in thousands) | Cash Flow Activity | 2025 | 2024 | | :--- | :--- | :--- | | Net Cash from Operating Activities | $1,905 | $8,104 | | Net Cash from Investing Activities | $(72,443) | $13,384 | | Net Cash from Financing Activities | $12,839 | $(4,726) | | **Net Change in Cash** | **$(57,699)** | **$16,762** | [Notes to Condensed Consolidated Financial Statements](index=12&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) The notes provide detailed disclosures on accounting policies, investments, segment performance, fair value measurements, and contingencies, including non-compliance with a debt covenant - The company is nearing completion of its implementation of ASU 2018-12 for long-duration insurance contracts, which will be adopted for the year ending December 31, 2025, and is expected to impact its financial statements[36](index=36&type=chunk) - Total investments increased to **$1.043 billion** as of June 30, 2025, from **$966.4 million** at year-end 2024, with notable growth in mortgage loans and real estate held for investment[41](index=41&type=chunk)[42](index=42&type=chunk)[45](index=45&type=chunk) - As of June 30, 2025, the company was not in compliance with the net income covenant of its Western Alliance Bank warehouse line of credit. The company is seeking waivers and believes it has sufficient cash to repay the outstanding **$12.8 million** if required[233](index=233&type=chunk) Segment Net Earnings (Six Months Ended June 30, in thousands) | Segment | 2025 | 2024 | | :--- | :--- | :--- | | Life Insurance | $10,549 | $12,329 | | Cemetery/Mortuary | $3,068 | $3,835 | | Mortgage | $(2,772) | $(1,418) | | **Total Net Earnings** | **$10,845** | **$14,746** | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=78&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the financial condition and results of operations across its Insurance, Cemetery/Mortuary, and Mortgage segments, noting increased revenues but a decline in net earnings due to higher expenses and a wider loss in the Mortgage segment [Overview](index=78&type=section&id=Overview) The company's operational strategy focuses on growing niche insurance products, expanding its cemetery and mortuary business, and originating mortgage loans - The company's core strategy is focused on three pillars: niche insurance products (funeral plans), cemetery and mortuary operations, and mortgage loan origination[290](index=290&type=chunk) [Insurance Operations](index=78&type=section&id=Insurance%20Operations) The Insurance segment's total revenues for the first six months of 2025 increased by **3%** to **$104.0 million**, but segment net earnings decreased by **14%** to **$10.5 million** due to higher expenses Insurance Segment Financial Highlights (in thousands) | Period | Metric | 2025 | 2024 | % Change | | :--- | :--- | :--- | :--- | :--- | | **Q2** | Total Segment Revenues | $53,353 | $49,143 | 9% | | | Segment Net Earnings | $6,403 | $5,617 | 14% | | **H1** | Total Segment Revenues | $103,959 | $100,494 | 3% | | | Segment Net Earnings | $10,549 | $12,329 | (14%) | [Cemetery and Mortuary Operations](index=79&type=section&id=Cemetery%20and%20Mortuary%20Operations) For the first six months of 2025, the Cemetery and Mortuary segment's revenues declined by **5%** to **$16.4 million**, leading to a **20%** decrease in segment net earnings to **$3.1 million** Cemetery & Mortuary Segment Financial Highlights (in thousands) | Period | Metric | 2025 | 2024 | % Change | | :--- | :--- | :--- | :--- | :--- | | **Q2** | Total Segment Revenues | $8,225 | $8,363 | (2%) | | | Segment Net Earnings | $1,364 | $1,568 | (13%) | | **H1** | Total Segment Revenues | $16,429 | $17,234 | (5%) | | | Segment Net Earnings | $3,068 | $3,835 | (20%) | [Mortgage Operations](index=79&type=section&id=Mortgage%20Operations) The Mortgage segment's revenues for the first half of 2025 grew **5%** to **$55.4 million**, but its net loss widened by **95%** to **$2.8 million** due to higher costs, despite increased loan origination volume - For the six months ended June 30, 2025, the company originated **3,375 loans** with a total volume of **$1.135 billion**, compared to **3,494 loans** totaling **$1.090 billion** in the same period of 2024[301](index=301&type=chunk) Mortgage Segment Financial Highlights (in thousands) | Period | Metric | 2025 | 2024 | % Change | | :--- | :--- | :--- | :--- | :--- | | **Q2** | Total Segment Revenues | $29,950 | $30,422 | (2%) | | | Segment Net Earnings (Loss) | $(1,261) | $86 | (1,566%) | | **H1** | Total Segment Revenues | $55,406 | $52,998 | 5% | | | Segment Net Earnings (Loss) | $(2,772) | $(1,418) | (95%) | [Consolidated Results of Operations](index=80&type=section&id=Consolidated%20Results%20of%20Operations) For the first six months of 2025, total revenues rose **3.2%** to **$172.3 million**, but total benefits and expenses increased more significantly by **7.0%**, leading to a **26.5%** decline in net earnings - For Q2 2025 vs Q2 2024, total revenues increased **4.4%** to **$89.5 million**, while total benefits and expenses grew **6.3%** to **$81.2 million**[304](index=304&type=chunk)[316](index=316&type=chunk) - For H1 2025 vs H1 2024, total revenues increased **3.2%** to **$172.3 million**, while total benefits and expenses grew **7.0%** to **$158.4 million**[318](index=318&type=chunk)[331](index=331&type=chunk) [Liquidity and Capital Resources](index=83&type=section&id=Liquidity%20and%20Capital%20Resources) Cash flow from operations decreased significantly to **$1.9 million** in the first half of 2025, with total capitalization at **$477.7 million**, and the company is seeking waivers for a debt covenant non-compliance - Cash provided by operations for H1 2025 was **$1.9 million**, a significant decrease from **$8.1 million** in H1 2024, primarily due to lower net earnings[334](index=334&type=chunk) - As of June 30, 2025, the company was not in compliance with the net income covenant of its Western Alliance Bank warehouse line of credit and is in the process of receiving waivers[333](index=333&type=chunk) - The combined statutory capital and surplus of the life insurance subsidiaries was approximately **$127.1 million** as of June 30, 2025, an increase from **$120.2 million** at year-end 2024[341](index=341&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=84&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) As a smaller reporting company, the company is not required to provide the information typically disclosed under this item - As a smaller reporting company, the Company is not required to provide information typically disclosed under this item[343](index=343&type=chunk) [Controls and Procedures](index=84&type=section&id=Item%204.%20Controls%20and%20Procedures) The company's CEO and CFO concluded that its disclosure controls and procedures were effective as of June 30, 2025, with no significant changes in internal control over financial reporting - The company's CEO and CFO concluded that disclosure controls and procedures were effective as of June 30, 2025[344](index=344&type=chunk) - No significant changes were made to the company's internal control over financial reporting during the quarter[345](index=345&type=chunk) [Part II - Other Information](index=85&type=section&id=Part%20II%20-%20Other%20Information) [Legal Proceedings](index=85&type=section&id=Item%201.%20Legal%20Proceedings) The company is not a party to any material legal proceedings outside the ordinary course of business that would have a material adverse effect on its financial condition - The Company is not a party to any material legal proceedings outside the ordinary course of business[347](index=347&type=chunk) [Risk Factors](index=85&type=section&id=Item%201A.%20Risk%20Factors) As a smaller reporting company, the company is not required to provide the information typically disclosed under this item - As a smaller reporting company, this disclosure is not required[348](index=348&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=85&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported no unregistered sales of equity securities but repurchased **95,584 shares** of its Class A Common Stock at an average price of **$9.99** per share during Q2 2025 - The company executed a 10b5-1 agreement on April 22, 2025, to repurchase up to **$1 million** of its Class A Common Stock[350](index=350&type=chunk) Q2 2025 Share Repurchase Activity (Class A Stock) | Period | Shares Purchased | Average Price Paid | | :--- | :--- | :--- | | April 2025 | 24,039 | $9.88 | | May 2025 | 28,643 | $10.19 | | June 2025 | 42,902 | $9.80 | | **Total** | **95,584** | **$9.99** | [Defaults Upon Senior Securities](index=86&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reported no defaults upon senior securities - None reported[354](index=354&type=chunk) [Mine Safety Disclosures](index=86&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) The company reported no mine safety disclosures - None reported[355](index=355&type=chunk) [Other Information](index=86&type=section&id=Item%205.%20Other%20Information) The company is evaluating the impact of the newly enacted 'One Big Beautiful Bill Act' (OBBBA) and reported no Section 16 officer or director trading arrangement changes - The 'One Big Beautiful Bill Act' (OBBBA) was enacted on July 4, 2025. The company is evaluating its impact but does not expect it to be material[356](index=356&type=chunk) - No Section 16 officers or directors adopted, modified, or terminated a Rule 10b5-1 trading arrangement during the second quarter of 2025[357](index=357&type=chunk) [Exhibits](index=86&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, which include Sarbanes-Oxley certifications and Inline XBRL documents - The report includes standard exhibits such as CEO/CFO certifications (31.1, 31.2, 32.1, 32.2) and Inline XBRL data files (101 series)[362](index=362&type=chunk)

Core Points - Security National Financial Corporation will hold an earnings call on August 15, 2025, to discuss its Q2 earnings [1][2] - The call will last approximately 30 minutes and will include a review of the company's Q2 results and updates from its three business segments [2] - Shareholders can access the earnings call through a provided link or directly from the company's Investor Relations page [2] Company Information - The earnings call is scheduled to start at around 1 PM (MDT) on August 15 [2] - The call may include a Q&A session if time allows [2]

Group 1 - Security National Financial Corporation (SNFCA) will be included in the Russell 3000 Index effective June 30, 2025, following the annual reconstitutions of the Russell indexes [1][2] - The Russell 3000 Index captures the 4,000 largest US stocks ranked by total market capitalization, and membership lasts for one year, leading to automatic inclusion in either the Russell 1000 or Russell 2000 Index [2] - The inclusion in the Russell 3000 Index is seen as a validation of Security National's efforts to provide strong returns and stability for investors, as stated by the company's President and Chairman [3] Group 2 - FTSE Russell, the provider of the Russell indexes, emphasizes the importance of adapting to the evolving US economy and plans to transition to a semi-annual reconstitution frequency starting in 2026 [4] - FTSE Russell manages a significant amount of assets, with approximately $10.6 trillion benchmarked against the Russell US indexes as of June 2024 [3] - FTSE Russell is a global leader in index provision, with around $18.1 trillion benchmarked to its indexes, covering 98% of the investable market globally [6]

Core Insights - Security National Financial Corporation successfully concluded a lending transaction that generated nearly $4,000,000 in profit-split income, in addition to over $3,200,000 in interest and origination fees [1][2] - The transaction involved an acquisition and development loan for over 500 planned residential units on a 162-acre parcel, originated in June 2021 [2] - The company believes the return on investment from this transaction exceeds that of competing general debt offerings, enhancing its residential mortgage segment's ability to offer long-term financing [2][3] Strategic Growth - The transaction highlights the company's enhanced lending capabilities, providing increased value to homebuilders and the real estate development community [3] - Proceeds from the profit split will be reinvested in similar attractive transactions to strengthen the company's asset base [3] - The CEO emphasized the importance of working with reputable local developers to structure beneficial loan terms for both the company and developers [4] Business Segments - Security National operates in three reportable business segments: life insurance, cemetery and mortuary, and mortgages [4] - The life insurance segment sells and services various insurance products across 40 states through independent agents [4] - The mortgage segment originates and underwrites residential and commercial loans through 100 retail offices in 23 states [4]