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SECURITY NATIONAL FINANCIAL CORP (SNFCA)
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| Income Statement |
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Annual | Quarterly | TTM |
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K/A |
| Revenues: |
| Life Insurance | 175.8 | 170.6 | | | | | | 94.5 |
| Cemetery & Mortuary | 29.4 | 27.6 | 21.4 | 16.9 | | | | 13.6 |
| Mortgage | 191.9 | 281.0 | 310.1 | 141.3 | | | | 181.3 |
| Other | | | 150.0 | 124.8 | | | | |
| Total revenues | 389.7 | 470.7 | 481.5 | 283.1 | 279.6 | 276.9 | 304.3 | 280.4 |
| Revenue growth | -17.2% | -2.2% | 70.1% | 1.2% | 1.0% | -9.0% | 8.6% | 24.6% |
| Loss and loss adjustment expenses | 4.7 | 4.0 | 3.8 | | | | | |
| Investment expenses | 17.5 | 14.4 | 13.6 | 13.5 | 14.1 | 14.4 | 12.4 | 8.8 |
| Other operating expenses | 325.3 | 393.4 | 384.1 | 248.2 | 232.4 | 248.9 | 267.1 | 246.0 |
| General and administrative | 100.1 | 100.7 | 85.0 | 7.1 | 7.6 | 8.7 | 8.4 | 7.9 |
| Equity in earnings | | | | 0.7 | 23.9 | -2.9 | -0.2 | 2.4 |
| EBITDA | 44.9 | 58.1 | 77.7 | 37.5 | 39.4 | 20.8 | -8.4 | -3.5 |
| EBITDA margin | 11.5% | 12.4% | 16.1% | 13.3% | 14.1% | 7.5% | -2.8% | -1.3% |
| Depreciation | 11.1 | 7.5 | 7.5 | 5.2 | 5.5 | 6.3 | 5.6 | 3.7 |
| EBITA | 33.8 | 50.7 | 70.2 | 32.4 | 34.0 | 14.6 | -14.0 | -7.3 |
| EBITA margin | 8.7% | 10.8% | 14.6% | 11.4% | 12.1% | 5.3% | -4.6% | -2.6% |
| Amortization of intangibles | 1.3 | 1.1 | 0.8 | 0.8 | 0.8 | 1.0 | 1.2 | 1.3 |
| EBIT | 32.5 | 49.5 | 69.4 | 31.5 | 33.1 | 13.6 | -15.2 | -8.5 |
| EBIT margin | 8.4% | 10.5% | 14.4% | 11.1% | 11.9% | 4.9% | -5.0% | -3.0% |
| Interest income, net [+] | 1.8 | 2.3 | 2.0 | -7.4 | -7.0 | -6.0 | 26.9 | 29.5 |
| Interest expense | 7.8 | 7.1 | 8.6 | 7.4 | 7.0 | 6.0 | 5.1 | 4.5 |
| Interest income | 9.7 | 9.4 | 10.6 | | | | 32.0 | 34.0 |
| Other income (expense), net | | | | -10.2 | | | | |
| Pre-tax income | 34.4 | 51.8 | 71.5 | 13.9 | 26.2 | 7.5 | 19.7 | 21.0 |
| Income taxes | 8.7 | 12.3 | 15.9 | -3.1 | -4.5 | 6.6 | -7.5 | 7.7 |
| Tax rate | 25.3% | 23.7% | 22.2% | | | 87.4% | | 36.5% |
| Net income | 25.7 | 39.5 | 55.6 | 10.9 | 21.7 | 14.1 | 12.2 | 13.4 |
| Net margin | 6.6% | 8.4% | 11.5% | 3.8% | 7.8% | 5.1% | 4.0% | 4.8% |
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| Basic EPS | $1.22 | $1.87 | $2.81 | $0.59 | $1.21 | $0.84 | $0.78 | $0.92 |
| Diluted EPS | $1.17 | $1.80 | $2.74 | $0.58 | $1.19 | $0.82 | $0.77 | $0.89 |
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| Shares outstanding (basic) | 21.1 | 21.1 | 19.8 | 18.6 | 18.0 | 16.8 | 15.6 | 14.4 |
| Shares outstanding (diluted) | 21.9 | 22.0 | 20.3 | 18.7 | 18.2 | 17.1 | 15.9 | 15.0 |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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