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0.00820793433652525 0.0200820793433652 0.0200820793433652 0.0200820793433652 0.0198358413132694 0.0246238030095759 0.0314637482900136 0.0314637482900136
Stock impact report

Security National Financial Corporation Reports Financial Results for the Quarter Ended March 31, 2024 [Yahoo! Finance]

Security National Financial Corporation - Class A (SNFCA) 
US:NASDAQ Investor Relations: ir.securitynational.com/investor-relations
Company Research Source: Yahoo! Finance
For the three months ended March 31, 2024, SNFC's before tax earnings from operations increased 507% from $1,585,000 in 2023 to $9,619,000 in 2024, on a 2% increase in revenues to $81,188,000. Scott Quist, Chairman of the Board, President, and Chief Executive Officer of SNFC, said, “Anytime we increase earnings 507% we are pleased. Obviously, since total revenues increased only 2%, the bulk of the earnings improvement came from expense control. Total expenses decreased a little over 8%, with the bulk of the decrease coming from “Selling, general and administrative expenses”. I am pleased with our team's efforts and results. In a nutshell, revenues increased, and costs decreased. While cost control is important, and we believe we have more work to do, we are focused on top-line revenue growth. Our Insurance and Memorial Segments both achieved 7% revenue growth and our investment income, across all Segments, increased 12%. We believe we have room to grow our investment income since Show less Read more
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