Security National Financial Corporation (SNFCA) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, everyone, and welcome to Security National Financial Corporation's third quarter 2025 earnings call. We thank you for joining us today to review our financial and operational results for the period ended October 31st, 2025. Before we begin, we'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 Quist. Scott? Good afternoon. My name is Scott Quist. I am the Chairman and Chief Executive Officer of Security National Financial Corp. With that, I welcome you to this call. While the third quarter was definitely weak from my point of view, being $4 million below on an after-tax basis, Q3 2024, roughly 33%, there are some definite bright spots which partially illuminate much of the hard work, and I will add progress, that was accomplished as gone on. For example, on a return on equity basis as of September 30th, We achieved a 7.9% ROE for the nine months, which, if annualized, would put us in double digits instead of 10.5%. That's an improvement over our June ...