Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2026

Segment Reporting [Abstract]

Schedule of Revenues and Expenses by Reportable Segment


		For the Three Months Ended June 30, 2026
		Life				Funeral Home/
		Insurance				Cemetery				Mortgage				Total
Revenues:
From external sources:
Revenue from external customers		$	28,704,662			$	7,599,588			$	25,797,533			$	62,101,783
Net investment income			15,692,590				540,965				195,346				16,428,901
Gains (losses) on investments and other assets			3,047,602				1,533,457				(736	)			4,580,323
Other revenues			392,765				154,243				268,033				815,041
Intersegment revenues			1,679,529				84,767				66,745				1,831,041
Total segment revenues			49,517,148				9,913,020				26,326,921				85,757,089

Elimination of intersegment revenues															(1,831,041	)
Total consolidated revenues															83,926,048

Less:
Policyholder benefits and claims			24,317,248				-				-
Amortization of deferred policy and pre-need acquisition costs and value of business acquired			2,716,063				221,833				-
Selling, general and administrative expenses:
Commissions			324,242				478,614				9,514,070
Personnel			8,666,571				2,939,810				8,899,596
Advertising			143,580				140,932				445,833
Rent and rent related			99,164				36,052				651,190
Depreciation on property and equipment			209,664				250,390				127,431
Cost related to funding mortgage loans			-				-				1,610,111
Data processing and IT related (1)			366,891				99,532				1,036,588
Premium taxes on insurance premiums and other considerations (1)			692,730				-				-
Other segment items (1)(2)			2,388,214				1,448,790				2,159,975
Intersegment expenses (3)			151,513				77,266				1,602,262
Interest expense			894,049				1,751				208,749
Costs of goods and services sold-mortuaries and cemeteries			-				1,177,676				-
Income tax expense			1,900,118				752,166				24,728
Segment net earnings			6,647,101				2,288,208				46,388				8,981,697

Net earnings														$	8,981,697

(1)	Included in other expenses on the condensed consolidated statements of earnings. Data processing and IT related expenses includes various software subscriptions, maintenance, consulting, support and storage fees.
(2)	For each reportable segment, other segment items includes:
		Life Insurance - bad debt, insurance expenses, professional service expenses, state insurance department fees, amortization of intangible assets, and certain overhead expenses.
		Funeral Home/Cemetery - bad debt, insurance expenses, professional service expenses, maintenance and utility expenses, property taxes, amortization of intangible assets, and certain overhead expenses.
		Mortgage - bad debt, insurance expenses, professional service expenses, business license and registration fees, dues and subscriptions, amortization expense of mortgage servicing rights, and certain overhead expenses.
(3)	For each reportable segment, intersegment expenses includes:
		Life Insurance - mortgage servicing fees and interest expense.
		Funeral Home/Cemetery - rent expense, data processing and IT related expenses, and interest expense.
		Mortgage - rent expense and interest expense.

SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements

June 30, 2026 (Unaudited)

16) Business Segment Information (Continued)


		For the Three Months Ended June 30, 2025
		Life				Funeral Home/
		Insurance				Cemetery				Mortgage				Total
Revenues:
From external sources:
Revenue from external customers		$	30,185,854			$	7,257,717			$	29,485,104			$	66,928,675
Net investment income			19,999,873				465,425				115,690				20,580,988
Gains (losses) on investments and other assets			873,261				271,176				(1,730	)			1,142,707
Other revenues			465,668				146,243				276,868				888,779
Intersegment revenues			1,828,343				84,767				74,557				1,987,667
Total segment revenues			53,352,999				8,225,328				29,950,489				91,528,816

Elimination of intersegment revenues															(1,987,667	)
Total consolidated revenues															89,541,149

Less:
Policyholder benefits and claims			25,515,540				-				-
Amortization of deferred policy and pre-need acquisition costs and value of business acquired			2,720,095				153,412				-
Selling, general and administrative expenses:
Commissions			1,076,858				580,026				11,808,454
Personnel			8,397,298				2,673,778				11,100,269
Advertising			126,294				142,609				671,545
Rent and rent related			78,960				35,956				822,223
Depreciation on property and equipment			219,873				223,184				155,961
Cost related to funding mortgage loans			-				-				1,891,789
Data processing and IT related (1)			312,143				74,406				899,009
Premium taxes on insurance premiums and other considerations (1)			734,203				-				-
Other segment items (1)(2)			2,402,646				1,303,824				2,229,404
Intersegment expenses (3)			159,256				84,485				1,743,926
Interest expense			993,830				147				299,461
Costs of goods and services sold-mortuaries and cemeteries			-				1,159,283				-
Income tax expense (benefit)			2,348,731				429,866				(410,683	)
Segment net earnings (loss)			8,267,272				1,364,352				(1,260,869	)			8,370,755

Net earnings														$	8,370,755

(1)	Included in other expenses on the condensed consolidated statements of earnings. Data processing and IT related expenses includes various software subscriptions, maintenance, consulting, support and storage fees.
(2)	For each reportable segment, other segment items includes:
		Life Insurance - bad debt, insurance expenses, professional service expenses, state insurance department fees, amortization of intangible assets, and certain overhead expenses.
		Funeral Home/Cemetery - bad debt, insurance expenses, professional service expenses, maintenance and utility expenses, property taxes, amortization of intangible assets, and certain overhead expenses.
		Mortgage - bad debt, insurance expenses, professional service expenses, business license and registration fees, dues and subscriptions, amortization expense of mortgage servicing rights, and certain overhead expenses.
(3)	For each reportable segment, intersegment expenses includes:
		Life Insurance - mortgage servicing fees and interest expense.
		Funeral Home/Cemetery - rent expense, data processing and IT related expenses, and interest expense.
		Mortgage - rent expense and interest expense.

SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements

June 30, 2026 (Unaudited)

16) Business Segment Information (Continued)


		For the Six Months Ended June 30, 2026
		Life				Funeral Home
		Insurance				and Cemetery				Mortgage				Total
Revenues:
From external sources:
Revenue from external customers		$	57,559,916			$	15,333,411			$	49,287,192			$	122,180,519
Net investment income			33,409,867				1,193,496				326,886				34,930,249
Gains on investments and other assets			3,430,116				1,459,129				41,826				4,931,071
Other revenues			767,817				314,885				530,287				1,612,989
Intersegment revenues			3,202,675				168,603				139,051				3,510,329
Total segment revenues			98,370,391				18,469,524				50,325,242				167,165,157

Elimination of intersegment revenues															(3,510,329	)
Total consolidated revenues															163,654,828

Less:
Policyholder benefits and claims			48,856,645				-				-
Amortization of deferred policy and pre-need acquisition costs and value of business acquired			5,405,437				511,777				-
Selling, general and administrative expenses:
Commissions			797,068				716,823				17,596,895
Personnel			17,405,428				5,672,880				18,029,305
Advertising			234,484				242,869				990,055
Rent and rent related			193,539				73,955				1,341,189
Depreciation on property and equipment			423,223				491,616				252,736
Cost related to funding mortgage loans			-				-				3,284,088
Data processing and IT related (1)			721,710				188,199				2,067,857
Premium taxes on insurance premiums and other considerations (1)			1,352,345				-				-
Other segment items (1)(2)			4,737,527				2,810,840				4,033,438
Intersegment expenses (3)			307,654				157,355				3,045,320
Interest expense			1,786,826				2,459				311,463
Costs of goods and services sold-mortuaries and cemeteries			-				2,411,125				-
Income tax expense (benefit)			3,563,406				1,270,863				(106,365	)
Segment net earnings (loss)			12,585,099				3,918,763				(520,739	)			15,983,123

Net earnings														$	15,983,123

Segment assets		$	1,423,062,141			$	110,989,273			$	96,186,799			$	1,630,238,213

Elimination of intersegment assets															(20,923,245	)
Total consolidated assets														$	1,609,314,968

Expenditures for long-lived assets		$	45,649,313			$	435,969			$	47,766			$	46,133,048

(1)	Included in other expenses on the condensed consolidated statements of earnings. Data processing and IT related expenses includes various software subscriptions, maintenance, consulting, support and storage fees.
(2)	For each reportable segment, other segment items includes:
		Life Insurance - bad debt, insurance expenses, professional service expenses, state insurance department fees, amortization of intangible assets, and certain overhead expenses.
		Funeral Home and Cemetery - bad debt, insurance expenses, professional service expenses, maintenance and utility expenses, property taxes, amortization of intangible assets, and certain overhead expenses.
		Mortgage - bad debt, insurance expenses, professional service expenses, business license and registration fees, dues and subscriptions, amortization expense of mortgage servicing rights, and certain overhead expenses.
(3)	For each reportable segment, intersegment expenses includes:
		Life Insurance - mortgage servicing fees and interest expense.
		Funeral Home and Cemetery - rent expense, data processing and IT related expenses, and interest expense.
		Mortgage - rent expense and interest expense.

SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements

June 30, 2026 (Unaudited)

16) Business Segment Information (Continued)


		For the Six Months Ended June 30, 2025
		Life				Funeral Home
		Insurance				and Cemetery				Mortgage				Total
Revenues:
From external sources:
Revenue from external customers		$	59,965,379			$	14,557,938			$	54,294,345			$	128,817,662
Net investment income			38,630,818				886,678				266,116				39,783,612
Gains on investments and other assets			1,163,795				481,146				83,787				1,728,728
Other revenues			1,051,266				334,093				565,511				1,950,870
Intersegment revenues			3,148,266				168,603				196,425				3,513,294
Total segment revenues			103,959,524				16,428,458				55,406,184				175,794,166

Elimination of intersegment revenues															(3,513,294	)
Total consolidated revenues															172,280,872

Less:
Policyholder benefits and claims			50,970,714				-				-
Amortization of deferred policy and pre-need acquisition costs and value of business acquired			5,343,129				327,377				-
Selling, general and administrative expenses:
Commissions			1,939,201				788,446				21,176,072
Personnel			16,923,486				5,211,804				22,218,463
Advertising			226,270				294,218				1,243,905
Rent and rent related			178,750				73,994				1,673,006
Depreciation on property and equipment			462,685				435,545				315,923
Cost related to funding mortgage loans			-				-				3,307,041
Data processing and IT related (1)			547,931				144,932				1,777,119
Premium taxes on insurance premiums and other considerations (1)			1,452,274				-				-
Other segment items (1)(2)			5,027,184				2,535,034				3,871,848
Intersegment expenses (3)			364,814				171,926				2,976,554
Interest expense			1,900,277				310				512,379
Costs of goods and services sold-mortuaries and cemeteries			-				2,412,553				-
Income tax expense (benefit)			4,133,938				964,710				(894,136	)
Segment net earnings (loss)			14,488,871				3,067,609				(2,771,990	)			14,784,490

Net earnings														$	14,784,490

Segment assets		$	1,392,400,255			$	101,407,961			$	86,674,977			$	1,580,483,193

Elimination of intersegment assets															(26,857,765	)
Total consolidated assets														$	1,553,625,428

Expenditures for long-lived assets		$	38,588,008			$	535,256			$	253,231			$	39,376,495

(1)	Included in other expenses on the condensed consolidated statements of earnings. Data processing and IT related expenses includes various software subscriptions, maintenance, consulting, support and storage fees.
(2)	For each reportable segment, other segment items includes:
		Life Insurance - bad debt, insurance expenses, professional service expenses, state insurance department fees, amortization of intangible assets, and certain overhead expenses.
		Funeral Home and Cemetery - bad debt, insurance expenses, professional service expenses, maintenance and utility expenses, property taxes, amortization of intangible assets, and certain overhead expenses.
		Mortgage - bad debt, insurance expenses, professional service expenses, business license and registration fees, dues and subscriptions, amortization expense of mortgage servicing rights, and certain overhead expenses.
(3)	For each reportable segment, intersegment expenses includes:
		Life Insurance - mortgage servicing fees and interest expense.
		Funeral Home and Cemetery - rent expense, data processing and IT related expenses, and interest expense.
		Mortgage - rent expense and interest expense.