Security National Financial Corp. (SNFCA, Financial) filed Quarterly Report for the period ended 2012-03-31.
Sec Natl Finl A has a market cap of $35.4 million; its shares were traded at around $1.7001 with a P/E ratio of 13 and P/S ratio of 0.2. Sec Natl Finl A had an annual average earning growth of 3.3% over the past 10 years.
Net cemetery and mortuary sales decreased by $67,000, or 2.3%, to $2,875,000 for the three months ended March 31, 2012, from $2,942,000 for the comparable period in 2011. This decrease was primarily due to a reduction in at-need sales in the mortuary operations.
Other revenues decreased by $315,000, or 62.4%, to $190,000 for the three months ended March 31, 2012, from $505,000 for the comparable period in 2011. This decrease was due to a reduction in miscellaneous revenues from the North American Life co-insurance transaction.
Total benefits and expenses were $44,995,000, or 95.1% of total revenues, for the three months ended March 31, 2012, as compared to $35,495,000, or 103.9% of total revenues, for the comparable period in 2011.
Cost of goods and services sold of the cemeteries and mortuaries decreased by $54,000, or 10.1%, to $478,000 for the three months ended March 31, 2012, from $532,000 for the comparable period in 2011. This reduction was primarily due to a decrease in cemetery and mortuary revenue.
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Sec Natl Finl A has a market cap of $35.4 million; its shares were traded at around $1.7001 with a P/E ratio of 13 and P/S ratio of 0.2. Sec Natl Finl A had an annual average earning growth of 3.3% over the past 10 years.
Highlight of Business Operations:
Total revenues increased by $13,151,000, or 38.5%, to $47,323,000 for the three months ended March 31, 2012, from $34,172,000 for the three months ended March 31, 2011. Contributing to this increase in total revenues was a $12,038,000 increase in mortgage fee income and a $1,784,000 increase in net investment income. This increase in total revenues was offset by a $315,000 decrease in other revenues, a $174,000 decrease in realized gains on investments and other assets, a $105,000 decrease in insurance premiums and other considerations, a $67,000 decrease in net mortuary and cemetery sales, and a $10,000 increase in other than temporary impairments.Net cemetery and mortuary sales decreased by $67,000, or 2.3%, to $2,875,000 for the three months ended March 31, 2012, from $2,942,000 for the comparable period in 2011. This decrease was primarily due to a reduction in at-need sales in the mortuary operations.
Other revenues decreased by $315,000, or 62.4%, to $190,000 for the three months ended March 31, 2012, from $505,000 for the comparable period in 2011. This decrease was due to a reduction in miscellaneous revenues from the North American Life co-insurance transaction.
Total benefits and expenses were $44,995,000, or 95.1% of total revenues, for the three months ended March 31, 2012, as compared to $35,495,000, or 103.9% of total revenues, for the comparable period in 2011.
Cost of goods and services sold of the cemeteries and mortuaries decreased by $54,000, or 10.1%, to $478,000 for the three months ended March 31, 2012, from $532,000 for the comparable period in 2011. This reduction was primarily due to a decrease in cemetery and mortuary revenue.
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