Life Insurance was Security National Financial’s largest segment in fiscal 2023, bringing in $193.38M of $318.50M (61%).
| Segment | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Life Insurance | — | $170.58M | $175.78M | $193.38M | |||||||
| Mortgage | $310.09M | $281.02M | $191.88M | $101.91M | |||||||
| Life Insurance Segments | $159.06M | — | — | — | |||||||
| Life Insurance Product Line | — | — | — | — | |||||||
| Cemetery/Mortuary | — | — | $29.40M | $32.28M | |||||||
| Cemetery & Mortuary | $21.40M | $27.58M | — | — | |||||||
| Intercompany Eliminations | -$9.09M | -$8.48M | -$7.41M | -$9.07M | |||||||
| Significant Reconciling Items | — | — | — | — | |||||||
| Total | $481.46M | $470.70M | $389.65M | $318.50M |
Security National Financial brought in $318.50M from its four segments in fiscal 2023, the year ended December 31, 2023. That was down 18.3% from $389.65M in fiscal 2022. Life Insurance was the largest at $193.38M (60.7%), ahead of Mortgage at $101.91M (32.0%) and Cemetery/Mortuary at $32.28M (10.1%).
Compared with fiscal 2022, Life Insurance grew fastest, up 10.0% to $193.38M, while Mortgage fell the most, down 46.9% to $101.91M.
Security National Financial began breaking out Cemetery/Mortuary in fiscal 2022, when it brought in $29.40M. Security National Financial stopped reporting Life Insurance Segments ($159.06M in fiscal 2020) and Cemetery & Mortuary ($27.58M in fiscal 2021) as separate segments. The total is net of Intercompany Eliminations, which took $9.07M off revenue in fiscal 2023.
Scenarioasoriginallyreportedmember was Security National Financial’s largest revenue line in fiscal 2016, bringing in $307.21M of $304.33M (101%).
| Scenario | FY 2010 | FY 2012 | FY 2014 | FY 2015 | FY 2016 |
|---|---|---|---|---|---|
| Scenarioasoriginallyreportedmember | $226.94M | $283.16M | $307.21M | ||
| Proforma1Member | — | — | — | ||
| Adjustmentamember | $441.94K | $1.40M | — | ||
| Adjustmentbmember | -$2.33M | -$4.21M | -$2.87M | ||
| Total | $225.05M | $280.35M | $304.33M |
Security National Financial brought in $304.33M from its two revenue lines in fiscal 2016, the year ended December 31, 2016. Security National Financial regrouped these revenue lines after fiscal 2015, so the total does not compare directly with that year's $280.35M. Scenarioasoriginallyreportedmember was the largest at $307.21M (100.9%).
Security National Financial stopped reporting Adjustmentamember as a separate revenue line after fiscal 2015, when it brought in $1.40M. The total is net of Adjustmentbmember, which took $2.87M off revenue in fiscal 2016.
Security National Financial (SNFCA) reports its revenue by segment and by scenario. In fiscal 2023, Life Insurance was its largest segment, bringing in $193.38M (60.7% of the total), followed by Mortgage at $101.91M (32.0%).
Life Insurance was Security National Financial's largest segment in fiscal 2023, bringing in $193.38M, or 60.7% of the $318.50M total across its four segments.
Scenarioasoriginallyreportedmember was Security National Financial's largest revenue line in fiscal 2016, bringing in $307.21M, or 100.9% of the $304.33M total across its two revenue lines.
Among Security National Financial's segments that make up at least 2% of revenue, Life Insurance grew fastest in fiscal 2023, up 10.0% from $175.78M to $193.38M.
Every figure comes from Security National Financial's annual financial filings, as reported. Each line keeps the name Security National Financial gives it, and years follow its fiscal calendar.
Security National Financial's revenue by segment goes back to fiscal 2013, with figures through fiscal 2023. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.