Security National Financial Corporation Reports Financial Results for the Quarter Ended September 30, 2026

Scott M. Quist, Chairman, President and Chief Executive Officer of Security National Financial Corporation

“There are two major financial statements in the 10Q that I will focus on: the “Statement of Earnings”, or Income Statement, and the Balance Sheet.”

Scott M. Quist, Chairman, President and Chief Executive Officer of Security National Financial Corporation

“From the Income Statement point of view, we had a rugged 3(rd) quarter, with earnings decreasing some 37% (pre-tax) as compared to Q3 2025 to $8.2MM.”

Scott M. Quist, Chairman, President and Chief Executive Officer of Security National Financial Corporation

“From a Balance Sheet point of view, we had what we believe is the largest single-quarter dollar increase in Stockholders’ Equity in our history, with equity increasing some $36MM, or 8.2% for the quarter, to $469MM.”

Scott M. Quist, Chairman, President and Chief Executive Officer of Security National Financial Corporation

“From my point of view, both results, as divergent as they may seem, are driven primarily by the same macro factor – increased interest rates.”

Scott M. Quist, Chairman, President and Chief Executive Officer of Security National Financial Corporation

“I am not discouraged one bit from our deliberate overall corporate strategy.”

Scott M. Quist, Chairman, President and Chief Executive Officer of Security National Financial Corporation

“I should stress at the outset that our investment yield remains quite above industry averages for life insurance companies.”

Scott M. Quist, Chairman, President and Chief Executive Officer of Security National Financial Corporation

“Expense levels at our Insurance Segment are a little elevated, which I view as money well spent.”

Scott M. Quist, Chairman, President and Chief Executive Officer of Security National Financial Corporation

“Much hard work from new sales management has gone into improving our sales processes and offerings and we believe we are just getting started.”

Scott M. Quist, Chairman, President and Chief Executive Officer of Security National Financial Corporation

“In a nutshell, our liabilities have a longer average duration than our assets, so increases in interest rates generally have the effect noted, and decreases generally have the opposite effect.”

Scott M. Quist, Chairman, President and Chief Executive Officer of Security National Financial Corporation

“To summarize very broadly, we “held serve” operationally, and our preneed cemetery sales viewed YTD overcame our unrealized losses, giving a 9% YTD profit improvement.”

Scott M. Quist, Chairman, President and Chief Executive Officer of Security National Financial Corporation

“Lastly, I will comment here that the financial balance inherent in our businesses is illustrated markedly when the financial statements are viewed as a whole, meaning that increased interest rates gave our Mortgage Segment a very rugged environment, but at least from a GAAP Balance Sheet point of view gave our Insurance Segment a very favorable environment.”