Security National Financial Corporation (SNFCA)

SNFCA Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	118.79	114.66	105	100.25	93.02	81.86
Total Interest & Dividend Income	70.94	72.34	66.2	58.26	56.33	43.02
Gain (Loss) on Sale of Investments	4.48	1.84	-0.86	6.23	1.55	0.73
Non-Insurance Activities Revenue	131.34	126.01	200.49	287.42	319.24	147.27
Other Revenue	4.61	3.65	18.82	18.54	11.32	10.18
Total Revenue	330.16	318.5	389.65	470.7	481.46	283.06
Revenue Growth (YoY)	-6.14%	-18.26%	-17.22%	-2.24%	70.09%	1.23%
Policy Benefits	97.57	100.01	92.93	93.48	86.41	68.48
Policy Acquisition & Underwriting Costs	59.43	57.95	81.27	134.43	138.73	71.4
Depreciation & Amortization	2.38	2.35	2.5	1.94	2.08	1.71
Selling, General & Administrative	38.71	43.23	59.31	67.05	59.94	47.02
Non-Insurance Activities Expense	10.69	11.25	12.26	14.25	13.13	9.16
Total Operating Expenses	290.52	297.33	347.45	411.77	401.43	261.73
Operating Income	39.64	21.17	42.21	58.93	80.03	21.33
Interest Expense	-4.01	-4.87	-7.83	-7.13	-8.58	-7.39
Pretax Income	35.63	16.3	34.38	51.8	71.45	13.94
Income Tax Expense	6.19	1.81	8.69	12.28	15.85	3.05
Net Income	29.44	14.5	25.69	39.52	55.6	10.89
Net Income to Common	29.44	14.5	25.69	39.52	55.6	10.89
Net Income Growth	-10.45%	-43.58%	-34.99%	-28.92%	410.36%	-49.77%
Shares Outstanding (Basic)	23	23	23	23	23	23
Shares Outstanding (Diluted)	24	24	24	24	23	23
Shares Change (YoY)	-0.01%	-1.55%	-0.09%	3.26%	3.21%	0.25%
EPS (Basic)	1.26	0.63	1.10	1.70	2.43	0.48
EPS (Diluted)	1.23	0.61	1.07	1.63	2.37	0.48
EPS Growth	-11.01%	-42.86%	-34.67%	-31.02%	396.00%	-50.04%
Free Cash Flow	69.49	52.77	128.85	139.42	-131.26	-77.44
Free Cash Flow Per Share	2.90	2.22	5.33	5.76	-5.60	-3.41
Operating Margin	12.01%	6.65%	10.83%	12.52%	16.62%	7.54%
Profit Margin	8.92%	4.55%	6.59%	8.40%	11.55%	3.85%
Free Cash Flow Margin	21.05%	16.57%	33.07%	29.62%	-27.26%	-27.36%
EBITDA	49.15	30.65	60.14	79.32	97.32	33.57
EBITDA Margin	14.89%	9.62%	15.43%	16.85%	20.21%	11.86%
D&A For EBITDA	9.51	9.48	17.93	20.39	17.29	12.24
EBIT	39.64	21.17	42.21	58.93	80.03	21.33
EBIT Margin	12.01%	6.65%	10.83%	12.52%	16.62%	7.54%
Effective Tax Rate	17.38%	11.08%	25.27%	23.71%	22.19%	21.88%
Revenue as Reported	330.16	318.5	389.65	470.7	481.46	283.06

Source: S&P Capital IQ. Insurance template. Financial Sources.