Security National Financial Corporation (SNFCA) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, everyone. Welcome to Security National Financial Corporation's first quarter 2026 earnings call. We thank you for joining us today to review our financial and operational results for the period ended March 31st, 2026. Before we begin, I'd like to remind everyone that our remarks today will include forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. which may cause actual results to differ materially from those projected. Such risks include but are not limited to changes in economic conditions, interest rates, regulatory developments, competitive pressures, and other factors detailed in our filings with the Securities and Exchange Commission. We caution you not to place undue reliance on these forward-looking statements, which speak only as of today's date. We undertake no obligation to publicly update or revise these statements to reflect future events or circumstances, except as required by law. With that, I'd like to turn the call over to our Chairman, President, and Chief Executive Officer, Scott List. Scott? Thank you, Heather. To have an increase of over 9% in after-tax earnings despite a top-line decrease is a testament to the operational efficiencies our teams have been implementing over the last several years. Of course, we are working diligently to increase our top lines, and that is a very standard objective of all our units. Nevertheless, improved profitability is the ultimate goal, and we did improve profitability. Our mortgage segment had an outstanding quarter, despite the fact that we were still not profitable. improving over 65% from Q1 of 2025. We were cautiously optimistic that we would be profitable at Q1 of 2026. Our teams had worked diligently ...