Security National Financial Corporation (SNFCA) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, everyone, and welcome to Security National Financial Corporation's second quarter 2025 earnings call. We thank you for joining us today to review our financial and operational results for the period ended June 30th, 2025. 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. Our second quarter press release issued August 14th, 2025 is posted on our company's website. Please refer to our second quarter press release over to our Chief Financial Officer, Garrett Zill. Garrett. Thank you, Heather. I want to start by thanking those who are on this call. This is our second consecutive earnings call, and we are still working out some of the formalities. So thank you again for joining us. And thank you for your patience as we continue to improve these shareholders' events. Our press release was a little more comprehensive this quarter, so I just want to hit a couple of highlights. Reviewing our balance sheet, our cash decreased $60 million as we increased investments in bonds by $25 million, real estate activities by $28 million, and mortgage loan...