Company profile

Ticker
SNFCA
Exchange
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
IRS number
870345941

Calendar

14 Aug 19
24 Aug 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 68.45M 61.49M 61.45M 67.22M
Net income 3.48M 1.93M -491.81K 2.01M
Diluted EPS 0.2 0.11 -0.03 0.12
Net profit margin 5.08% 3.14% -0.80% 3.00%
Net change in cash -2.3M -12.07M 5.09M 18.4M
Cash on hand 127.83M 130.13M 142.2M 137.11M
Cost of revenue 690.61K 652.93K 517.3K 575.71K
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 279.62M 276.93M 304.33M 280.35M
Net income 21.69M 14.11M 12.19M 13.35M
Diluted EPS 1.25 0.82 0.77 0.89
Net profit margin 7.76% 5.10% 4.01% 4.76%
Net change in cash 96.88M 6.33M -1.07M 9.2M
Cash on hand 142.2M 45.32M 38.99M 40.05M
Cost of revenue 2.16M 1.95M 1.79M 1.8M

Financial data from company earnings reports

Financial report summary

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Management Discussion
  • Total revenues increased by $2,693,000, or 1.0%, to $279,619,000 for 2018 from $276,926,000 for the fiscal year 2017. Contributing to this increase in total revenues was a $26,890,000 increase in gains on investments and other assets, a $5,517,000 increase in insurance premiums and other considerations, a $4,850,000 increase in net investment income, a $1,204,000 increase in other revenues, a $1,069,000 increase in net cemetery and mortuary sales, and a $774,000 decrease in other than temporary impairments.  This increase in total revenues was offset by a $37,611,000 decrease in mortgage fee income.
  • Insurance premiums and other considerations increased by $5,517,000, or 7.8%, to $75,929,000 for 2018, from $70,412,000 for the comparable period in 2017. This increase was due to an increase in renewal premiums primarily from the resurgence of the Company’s Final Expense block of business along with improved persistency.
  • Net investment income increased by $4,850,000, or 13.8%, to $39,913,000 for 2018, from $35,063,000 for the comparable period in 2017. This increase was primarily attributable to a $5,967,000 increase in interest from mortgage loans held for investment, a $1,482,000 increase in insurance assignment income, a $721,000 increase in income from cash and cash equivalents, a $312,000 decrease in investment expenses, and a $122,000 increase in income from other investments. This increase was partially offset by a $3,078,000 decrease in rental income from real estate held for investment, a $585,000 decrease in fixed maturity securities income, a $79,000 decrease in policy loan income, and a $12,000 decrease in equity securities income.
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