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Security National -Family of Companies SN M SN CJ Security National Financial Corporation Reports Financial Results for the Quarter Ended March 31 , 2021 May 17 , 2021 -- Security National Financial Corporation ( SNFC ) ( NASDAQ symbol " SNFCA " ) announced SALT LAKE CITY , May 17 , 2021 ( GLOBE NEWSWIRE ) financial results for the quarter ended March 31 , 2021 . For the three months ended March 31 , 2021 , SNFC's after - tax earnings from operations increased 751 % from $ 1,424,000 in 2020 to $ 12,129,000 in 2021 , on a 54 % increase in revenues to $ 122,659,000 . Scott M. Quist , President of the Company , said : “ I can't help but admire the execution excellence our teams have accomplished in the first quarter . Overall earnings are up 1,000 % . The low interest rate environment has provided our Mortgage Segment a favorable tailwind but note that every segment's earnings are up triple digits . The Covid induced climate brings blessings and curses . In no way do we minimize the personal hardships and losses the Pandemic has inflicted on so many individuals and families - our insurance and memorial businesses essentially have front row seats to observe some of those effects . From a financial point of view , low interest rates have helped our Mortgage Segment , but low rates and higher death claims have hurt our Life Segment . In total , death claims increased 37 % over 2020 levels with the major part of that increase being Covid related . Better cash and expense management has helped to offset the increased death claims . While our Memorial segment has experienced higher death counts , a major factor in its increased profitability has been improved preneed sales . Again , our job is to execute our business plans in whatever environment we have , and I believe our teams have done that in an admirable fashion . " SNFC has three business segments . The following table shows the revenues and earnings before taxes for the three months ended March 31 , 2021 , as compared to 2020 , for each of the three business segments : Revenues 2021 2020 2021 Earnings before Taxes 2020 Life Insurance $ 38,944,000 $ 33,206,000 17.3 % $ 2,695,000 $ ( 3,069,000 ) 187.8 % Cemeteries / Mortuaries $ 6,999,000 $ 4,014,000 74.4 % $ 2,701,000 $ 105,000 2,472.4 % Mortgages Total $ 76,716,000 $ 42,389,000 81.0 % $ 10,959,000 $ 4,438,000 146.9 % $ 122,659,000 $ 79,609,000 54.1 % $ 16,355,000 $ 1,474,000 1,009.6 % Net earnings per common share was $ .61 for the three months ended March 31 , 2021 , compared to net earnings of $ .08 per share for the prior year , as adjusted for the effect of annual stock dividends . Book value per common share was $ 14.18 as of March 31 , 2021 , compared to $ 13.87 as of December 31 , 2020 . The Company has two classes of common stock outstanding , Class A and Class C. There were 19,169,211 Class A equivalent shares outstanding as of March 31 , 2021 . If there are any questions , please contact Mr. Garrett S. Sill or Mr. Scott M. Quist at : Security National Financial Corporation P.O. Box 57250 Salt Lake City , Utah 84157 Phone : ( 801 ) 264-1060 Fax : ( 801 ) 265-9882 This press release contains statements that , if not verifiable historical fact , may be viewed as forward - looking statements that could predict future events or outcomes with respect to the Company and its business . The predictions in these statements will involve risk and uncertainties and , accordingly , actual results may differ significantly from the results discussed or implied in such forward - looking statements . Security National Family of Companies SN Source : Security National Financial Corporation