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Security National -Family of Companies SN M SN CJ Security National Financial Corporation Reports Financial Results for the Quarter Ended June 30 , 2020 August 17 , 2021 SALT LAKE CITY , Aug. 17 , 2021 ( GLOBE NEWSWIRE ) -- Security National Financial Corporation ( SNFC ) ( NASDAQ symbol " SNFCA " ) announced financial results for the quarter ended June 30 , 2021 . We would also note that our 2nd quarter Form 10Q , although timely prepared and provided to our XBRL service provider , was filed one day late as a result of unanticipated technical difficulties experienced by the third - party provider . SNFC contracts with a third - party who has the responsibility to convert its SEC documents into a format that is acceptable to the SEC . For the three months ended June 30 , 2021 , SNFC's after - tax earnings from operations decreased 45.2 % from $ 20,557,000 in 2020 to $ 11,258,000 in 2021. However , SNFC's after tax earnings for the six months ended June 30 , 2021 , increased 6.4 % to $ 23,386,000 from $ 21,982,000 in 2020 . Scott M. Quist , President of the Company , said , “ I think we have to be pleased with the operational performance of our company . Q2 2021 represents the Company's second best second quarter performance and Q1 and Q2 2021 represent our best first half performance . Many thanks to the hard work of our teams . " There were considerable undercurrents within our business segments . In Q2 2020 there were very consequential market disruptions that our Mortgage segment was able to take financial advantage of . But , during Q2 2021 we saw a more rational mortgage market and , overall , experienced some margin contraction as the refinance market shrank . Operational expenses have expectedly been increasing this year as we have been adding staff to accommodate increased loan volumes . In many cases those staff additions were overdue , as we had been working our staffs at higher than sustainable levels . Thanks to our team for that effort ! The results we have seen are as we expected and , in my view , represent a continuing high level of performance . " In our Insurance segment , COVID - related claims seem to have peaked in the January - February period and appear to have decreased , but not disappeared , during March through June period . Our expenses have remained stable , which is very good given the very low unemployment environment in most of our markets and the work - from - home circumstances caused by the pandemic . Our investment income has been moderately increasing , due to an increase in alternative investments such as commercial and construction loans , despite the low interest rate environment . Obtaining necessary yields within acceptable risk tolerances is becoming increasingly more difficult in this low interest rate environment . We do not anticipate those economic circumstances changing in the near term . " Our Memorial segment delivered a very exceptional first half , with operational income increasing 200 % over 2020. While some of that improvement related to increased mortality due to COVID , much of the improvement was driven by an increase in preneed cemetery sales . Our dedicated staffs provided , and continue to provide , excellent customer service in difficult working environments , which we believe has led to our increased market share . SNFC has three business segments . The following table shows the revenues and earnings before taxes for the three months ended June 30 , 2021 , as compared to 2020 , for each of the three business segments : Life Insurance Cemeteries / Mortuaries Mortgages Total For the six months ended June 30 , 2021 : Life Insurance Cemeteries / Mortuaries Mortgages 2021 Revenues 2020 Earnings before Taxes $ 40,657,000 $ 37,789,000 7.6 % $ 2021 2020 4,694,000 $ 3,670,000 27.9 % $ 6,808,000 $ 5,306,000 28.3 % $ 2,269,000 $ 1,549,000 46.5 % $ 69,285,000 $ 75,567,000 ( 8.3 % ) $ 7,714,000 $ 21,975,000 ( 64.9 % ) $ 116,750,000 $ 118,662,000 ( 1.6 % ) $ 14,677,000 $ 27,194,000 ( 46.0 % ) 2021 Revenues 2020 Earnings before Taxes $ 79,601,000 $ 70,994,000 12.1 % $ 2021 7,389,000 $ 601,000 2020 1,129.5 % $ 13,807,000 $ 9,320,000 48.1 % $ 4,970,000 $ 1,653,000 200.7 % $ 146,001,000 $ 117,956,000 23.8 % $ 18,673,000 $ 26,414,000 ( 29.3 % )