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Stock impact report

Security National Financial Corporation Reports Financial Results for the Quarter Ended March 31, 2019

Security National Financial Corporation - Class A (SNFCA) 
US:NASDAQ Investor Relations: ir.securitynational.com/investor-relations
Company Research Source: GlobeNewswire
SALT LAKE CITY, May 16, 2019 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the quarter ended March 31, 2019. For the three months ended March 31, 2019, SNFC’s after-tax earnings from operations decreased 88.6% from $16,926,000 in 2018 to $1,930,000 in 2019, on a 25.1% decrease in revenues to $61,494,000. Scott M. Quist, President of the Company, said, “Even recognizing the decrease in net income, I must say that I am quite pleased with our Company’s first quarter performance.  For the first quarter last year, excluding the Dry Creek sale, our pre-tax earnings would have been a loss of approximately $690,000.  This year, with no Dry Creek sale, our pre-tax earnings improved from that loss to a positive $2,432,000, for a positive swing in pre-tax earnings of $3,122,000. “Looking at our operations by segment, our life insurance operations continue their upward trend with a 6% increase in revenue Show less Read more
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