| Equity |
14)
Equity
Capital
Stock
The
following table summarizes the activity in shares of capital stock.
Summary of Activities in Shares of Capital Stock
| | |
Class A | | |
Class C | |
| Outstanding shares at December 31, 2025 (1) | |
| 23,551,670 | | |
| 3,767,672 | |
| | |
| | | |
| | |
| Exercise of stock options | |
| 25,434 | | |
| 21,596 | |
| Vesting of restricted stock units | |
| 6,706 | | |
| - | |
| Conversion of Class C to Class A | |
| 138 | | |
| (138 | ) |
| | |
| | | |
| | |
| Outstanding shares at June 30, 2026 (1) | |
| 23,583,948 | | |
| 3,789,130 | |
| | |
| | | |
| | |
| Outstanding shares at December 31, 2024 (1) | |
| 23,444,604 | | |
| 3,673,109 | |
| Outstanding shares, beginning | |
| 23,444,604 | | |
| 3,673,109 | |
| | |
| | | |
| | |
| Exercise of stock options | |
| 66,273 | | |
| 95,337 | |
| Vesting of restricted stock units | |
| 3,547 | | |
| - | |
| Conversion of Class C to Class A | |
| 395 | | |
| (395 | ) |
| | |
| | | |
| | |
| Outstanding shares at June 30, 2025 (1) | |
| 23,514,819 | | |
| 3,768,051 | |
| Outstanding shares, ending | |
| 23,514,819 | | |
| 3,768,051 | |
| (1) | Adjusted retroactively for the effect of annual stock dividends |
The
Company’s Board of Directors declared a 5% stock dividend on June 27, 2026, to shareholders of record as of July 10, 2026, which
was issued on July 17, 2026. All share and per-share amounts presented herein have been retroactively adjusted to reflect the stock dividend.
Accumulated
Other Comprehensive Income (Loss)
Refer
to Note 1 regarding the adoption of ASU 2018-12.
The
following table summarizes the changes in accumulated other comprehensive income (loss):
Schedule
of Changes in Accumulated Other Comprehensive Income (Loss)
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
Three Months Ended June 30, | | |
Six Months Ended June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
| | |
| | |
| | |
| |
| Unrealized gains (losses) on fixed maturity securities available for sale | |
$ | (314,801 | ) | |
$ | 2,721,438 | | |
$ | (4,482,485 | ) | |
$ | 6,710,220 | |
| Amounts reclassified into net earnings | |
| (159,026 | ) | |
| 50,796 | | |
| (307,652 | ) | |
| (76,729 | ) |
| Net unrealized gains (losses) before taxes | |
| (473,827 | ) | |
| 2,772,234 | | |
| (4,790,137 | ) | |
| 6,633,491 | |
| Tax (expense) benefit | |
| 101,297 | | |
| (581,839 | ) | |
| 1,010,277 | | |
| (1,393,520 | ) |
| Net | |
| (372,530 | ) | |
| 2,190,395 | | |
| (3,779,860 | ) | |
| 5,239,971 | |
| Unrealized gains (losses) on restricted assets (1) | |
| 896 | | |
| (4,819 | ) | |
| (2,361 | ) | |
| (532 | ) |
| Tax (expense) benefit | |
| (223 | ) | |
| 1,200 | | |
| 588 | | |
| 132 | |
| Net | |
| 673 | | |
| (3,619 | ) | |
| (1,773 | ) | |
| (400 | ) |
| Unrealized gains (losses) on cemetery perpetual care trust investments (1) | |
| 85 | | |
| (1,150 | ) | |
| 366 | | |
| 1,665 | |
| Unrealized gains (losses) | |
| 85 | | |
| (1,150 | ) | |
| 366 | | |
| 1,665 | |
| Tax (expense) benefit | |
| (21 | ) | |
| 287 | | |
| (91 | ) | |
| (415 | ) |
| Net | |
| 64 | | |
| (863 | ) | |
| 275 | | |
| 1,250 | |
| Interest rate remeasurement of future policy benefits | |
| (1,632,362 | ) | |
| (2,038,836 | ) | |
| 12,903,719 | | |
| (10,161,681 | ) |
| Tax (expense) benefit | |
| 342,797 | | |
| 428,155 | | |
| (2,709,780 | ) | |
| 2,133,955 | |
| Net | |
| (1,289,565 | ) | |
| (1,610,681 | ) | |
| 10,193,939 | | |
| (8,027,726 | ) |
| Other comprehensive income (loss) changes | |
$ | (1,661,358 | ) | |
$ | 575,232 | | |
$ | 6,412,581 | | |
$ | (2,786,905 | ) |
| (1) | Fixed maturity securities available for sale |
SECURITY
NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES
Notes
to Condensed Consolidated Financial Statements
June
30, 2026 (Unaudited)
14)
Equity (Continued)
The
following table presents the accumulated balances of other comprehensive income (loss) as of June 30, 2026:
Schedule
of Accumulated Balances of Other Comprehensive Income
| | |
Beginning
Balance
December 31, 2025 | | |
Change for
the period | | |
Ending Balance
June 30,
2026 | |
| Unrealized gains (losses) on fixed maturity securities available for sale | |
$ | 752,551 | | |
$ | (3,779,860 | ) | |
$ | (3,027,309 | ) |
| Unrealized gains (losses) on restricted assets (1) | |
| 669 | | |
| (1,773 | ) | |
| (1,104 | ) |
| Unrealized gains (losses) on cemetery perpetual care trust investments (1) | |
| (1,613 | ) | |
| 275 | | |
| (1,338 | ) |
| Interest rate remeasurement of future policy benefits | |
| 28,010,516 | | |
| 10,193,939 | | |
| 38,204,455 | |
| Other comprehensive income | |
$ | 28,762,123 | | |
$ | 6,412,581 | | |
$ | 35,174,704 | |
| (1) | Fixed maturity securities available for sale |
The
following table presents the accumulated balances of other comprehensive income (loss) as of December 31, 2025:
| | |
Beginning
Balance
December 31, 2024 | | |
Change for
the period | | |
Ending
Balance
December 31,
2025 | |
| Unrealized gains (losses) on fixed maturity securities available for sale | |
$ | (7,147,384 | ) | |
$ | 7,899,935 | | |
$ | 752,551 | |
| Unrealized gains (losses) on restricted assets (1) | |
| (4,126 | ) | |
| 4,795 | | |
| 669 | |
| Unrealized gains (losses) on cemetery perpetual care trust investments (1) | |
| (5,225 | ) | |
| 3,612 | | |
| (1,613 | ) |
| Interest rate remeasurement of future policy benefits | |
| 40,876,364 | | |
$ | (12,865,848 | ) | |
| 28,010,516 | |
| Other comprehensive income (loss) | |
$ | 33,719,629 | | |
$ | (4,957,506 | ) | |
$ | 28,762,123 | |
| (1) | Fixed maturity securities available for sale |
SECURITY
NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES
Notes
to Condensed Consolidated Financial Statements
June
30, 2026 (Unaudited)
|