SNFC - Security National Financial Corporation
Security National Capital | Memorial Insurance Company of America | Capital Reserve Life
Security National Financial Corporation and its wholly-owned subsidiaries operates three main business segments: life insurance, funeral service and mortgage loans. The design and structure of our Company is that each segment is related to the others, and contributes to the profitability of the whole. For example, our cemetery and mortuary operations enjoy a high level of public awareness that assists in the sales and marketing of our insurance and pre-need cemetery/funeral products. Security National Life Insurance Company in turn invests its assets in high quality mortgage loans. Thus, while each segment is a stand-alone profit center, this horizontal integration is planned to improve profitability. Our Company also actively pursues growth through acquisitions of life insurance companies and mortuaries, and by expanding our mortgage operations.
Breaking News
Quoting from the Salt Lake Tribune news story highlighting top stock performers.
Another of Utah's stellar performers was Security National Financial Corp., whose shares gained 18 percent and trade in the $2 range. It was the third-best-performing Utah stock for the period.
Earlier this month, the company announced that its wholly owned subsidiary, Security National Insurance Co., had completed its acquisition of Mississippi-based Southern Security Life Insurance.
"We continue to grow our life [insurance] segment through strategic acquisitions and direct [policy] writings," Jason Overbaugh, the national sales director for Security National, said in a statement. "Combining with a company such as Southern Security gives us an increased presence in the attractive southern markets."
Read the complete article here: "Utah stocks: Some bright spots amid the gloom" - This will open in an new window.