Security National Financial
Security National Financial Corporation engages in the life insurance, cemetery and mortuary, and mortgage businesses. The company's Life Insurance segment is involved in selling and servicing lines of life insurance, annuity products, and accident and health insurance. It offers various life insurance products, including funeral plans and interest-sensitive life insurance, as well as other tradi… Read more
Security National Financial (SNFCA) - Net Assets
Latest net assets as of September 2025: $365.38 Million USD
Based on the latest financial reports, Security National Financial (SNFCA) has net assets worth $365.38 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.56 Billion) and total liabilities ($1.20 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $365.38 Million |
| % of Total Assets | 23.38% |
| Annual Growth Rate | 9.66% |
| 5-Year Change | 28.33% |
| 10-Year Change | 204.53% |
| Growth Volatility | 15.43 |
Security National Financial - Net Assets Trend (1986–2024)
This chart illustrates how Security National Financial's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Security National Financial (1986–2024)
The table below shows the annual net assets of Security National Financial from 1986 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $338.78 Million | +8.27% |
| 2023-12-31 | $312.90 Million | +6.87% |
| 2022-12-31 | $292.79 Million | -2.33% |
| 2021-12-31 | $299.77 Million | +13.55% |
| 2020-12-31 | $263.99 Million | +34.20% |
| 2019-12-31 | $196.71 Million | +14.49% |
| 2018-12-31 | $171.81 Million | +15.64% |
| 2017-12-31 | $148.57 Million | +15.91% |
| 2016-12-31 | $128.18 Million | +15.22% |
| 2015-12-31 | $111.25 Million | +14.58% |
| 2014-12-31 | $97.09 Million | +10.64% |
| 2013-12-31 | $87.75 Million | +9.95% |
| 2012-12-31 | $79.81 Million | +30.35% |
| 2011-12-31 | $61.23 Million | +2.17% |
| 2010-12-31 | $59.93 Million | +0.21% |
| 2009-12-31 | $59.81 Million | +10.93% |
| 2008-12-31 | $53.91 Million | -7.46% |
| 2007-12-31 | $58.26 Million | +5.45% |
| 2006-12-31 | $55.25 Million | +15.41% |
| 2005-12-31 | $47.87 Million | +26.47% |
| 2004-12-31 | $37.85 Million | +7.48% |
| 2003-12-31 | $35.22 Million | -7.09% |
| 2002-12-31 | $37.91 Million | -2.31% |
| 2001-12-31 | $38.80 Million | +23.70% |
| 2000-12-31 | $31.37 Million | -3.60% |
| 1999-12-31 | $32.54 Million | -2.76% |
| 1998-12-31 | $33.46 Million | +31.73% |
| 1997-12-31 | $25.40 Million | +8.23% |
| 1996-12-31 | $23.47 Million | +7.07% |
| 1995-12-31 | $21.92 Million | +9.71% |
| 1994-12-31 | $19.98 Million | +6.27% |
| 1993-12-31 | $18.80 Million | +6.82% |
| 1992-12-31 | $17.60 Million | +4.76% |
| 1991-12-31 | $16.80 Million | +24.44% |
| 1990-12-31 | $13.50 Million | -26.23% |
| 1989-12-31 | $18.30 Million | -0.54% |
| 1988-12-31 | $18.40 Million | +5.14% |
| 1987-12-31 | $17.50 Million | +71.57% |
| 1986-12-31 | $10.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Security National Financial's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 5830.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $225.36 Million | 66.52% |
| Common Stock | $42.51 Million | 12.55% |
| Other Comprehensive Income | $-6.95 Million | -2.05% |
| Other Components | $77.86 Million | 22.98% |
| Total Equity | $338.78 Million | 100.00% |
Security National Financial Competitors by Market Cap
The table below lists competitors of Security National Financial ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SUNDARAM CLAYTON LTD
NSE:SUNCLAY
|
$122.20 Million |
|
Sern Kou Resources Bhd
KLSE:7180
|
$122.21 Million |
|
Allied Energy Inc
PINK:AGGI
|
$122.37 Million |
|
Nacity Property Service Co Ltd
SHG:603506
|
$122.40 Million |
|
Ard Grup Bilisim Teknolojileri AS
IS:ARDYZ
|
$122.16 Million |
|
Changshu Tongrun Auto
SHG:603201
|
$122.14 Million |
|
Jacobio Pharmaceuticals Group Co. Ltd.
PINK:JBPHF
|
$122.14 Million |
|
Silicius Real Estate SOCIMI S.A.
MC:YSIL
|
$122.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Security National Financial's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 312,895,219 to 338,782,279, a change of 25,887,060 (8.3%).
- Net income of 26,535,768 contributed positively to equity growth.
- Share repurchases of 3,053,506 reduced equity.
- Other comprehensive income decreased equity by 65,708.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $26.54 Million | +7.83% |
| Share Repurchases | $3.05 Million | -0.9% |
| Other Comprehensive Income | $-65.71K | -0.02% |
| Other Changes | $2.47 Million | +0.73% |
| Total Change | $- | 8.27% |
Book Value vs Market Value Analysis
This analysis compares Security National Financial's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.65x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 21.34x to 0.65x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-12-31 | $0.43 | $9.22 | x |
| 1987-12-31 | $0.96 | $9.22 | x |
| 1988-12-31 | $1.22 | $9.22 | x |
| 1989-12-31 | $1.05 | $9.22 | x |
| 1990-12-31 | $0.62 | $9.22 | x |
| 1991-12-31 | $0.73 | $9.22 | x |
| 1992-12-31 | $1.01 | $9.22 | x |
| 1993-12-31 | $0.78 | $9.22 | x |
| 1994-12-31 | $0.94 | $9.22 | x |
| 1995-12-31 | $1.41 | $9.22 | x |
| 1996-12-31 | $1.51 | $9.22 | x |
| 1997-12-31 | $1.87 | $9.22 | x |
| 1998-12-31 | $1.80 | $9.22 | x |
| 1999-12-31 | $1.91 | $9.22 | x |
| 2000-12-31 | $1.87 | $9.22 | x |
| 2001-12-31 | $1.80 | $9.22 | x |
| 2002-12-31 | $2.01 | $9.22 | x |
| 2003-12-31 | $2.23 | $9.22 | x |
| 2004-12-31 | $2.37 | $9.22 | x |
| 2005-12-31 | $2.81 | $9.22 | x |
| 2006-12-31 | $3.14 | $9.22 | x |
| 2007-12-31 | $3.19 | $9.22 | x |
| 2008-12-31 | $3.10 | $9.22 | x |
| 2009-12-31 | $3.39 | $9.22 | x |
| 2010-12-31 | $3.22 | $9.22 | x |
| 2011-12-31 | $3.60 | $9.22 | x |
| 2012-12-31 | $4.38 | $9.22 | x |
| 2013-12-31 | $4.06 | $9.22 | x |
| 2014-12-31 | $4.69 | $9.22 | x |
| 2015-12-31 | $5.16 | $9.22 | x |
| 2016-12-31 | $5.86 | $9.22 | x |
| 2017-12-31 | $6.63 | $9.22 | x |
| 2018-12-31 | $7.58 | $9.22 | x |
| 2019-12-31 | $9.09 | $9.22 | x |
| 2020-12-31 | $11.82 | $9.22 | x |
| 2021-12-31 | $12.37 | $9.22 | x |
| 2022-12-31 | $13.34 | $9.22 | x |
| 2023-12-31 | $13.14 | $9.22 | x |
| 2024-12-31 | $14.13 | $9.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Security National Financial utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.83%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 323.91%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 4.40x
- Recent ROE (7.83%) is above the historical average (7.32%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 19.61% | 6.47% | 0.26x | 11.54x | $980.00K |
| 1987 | 12.57% | 4.87% | 0.30x | 8.75x | $450.00K |
| 1988 | 10.33% | 4.33% | 0.25x | 9.68x | $60.00K |
| 1989 | -8.74% | -7.37% | 0.11x | 11.08x | $-3.43 Million |
| 1990 | -31.11% | -19.53% | 0.10x | 15.44x | $-5.55 Million |
| 1991 | 15.48% | 11.82% | 0.33x | 4.00x | $920.00K |
| 1992 | 5.68% | 6.80% | 0.21x | 4.01x | $-760.00K |
| 1993 | 5.85% | 6.67% | 0.22x | 4.04x | $-780.00K |
| 1994 | 5.20% | 6.24% | 0.16x | 5.19x | $-958.10K |
| 1995 | 7.08% | 5.94% | 0.19x | 6.31x | $-640.08K |
| 1996 | 5.27% | 4.13% | 0.24x | 5.31x | $-1.11 Million |
| 1997 | 5.15% | 4.60% | 0.23x | 4.94x | $-1.23 Million |
| 1998 | 2.89% | 2.35% | 0.15x | 7.99x | $-1.90 Million |
| 1999 | 3.68% | 1.11% | 0.41x | 8.09x | $-1.67 Million |
| 2000 | 3.35% | 1.56% | 0.28x | 7.75x | $-1.78 Million |
| 2001 | 11.04% | 3.73% | 0.36x | 8.28x | $267.80K |
| 2002 | 13.21% | 4.17% | 0.31x | 10.17x | $969.78K |
| 2003 | 18.73% | 4.55% | 0.46x | 8.93x | $3.07 Million |
| 2004 | 5.61% | 1.81% | 0.37x | 8.39x | $-1.66 Million |
| 2005 | 7.63% | 2.68% | 0.36x | 7.87x | $-1.08 Million |
| 2006 | 9.67% | 3.36% | 0.40x | 7.12x | $-172.62K |
| 2007 | 4.06% | 1.08% | 0.50x | 7.50x | $-3.31 Million |
| 2008 | 1.07% | 0.26% | 0.50x | 8.19x | $-4.82 Million |
| 2009 | 6.31% | 1.74% | 0.46x | 7.87x | $-2.21 Million |
| 2010 | -0.72% | -0.26% | 0.36x | 7.77x | $-6.42 Million |
| 2011 | 2.12% | 0.81% | 0.31x | 8.51x | $-4.82 Million |
| 2012 | 20.94% | 7.13% | 0.39x | 7.48x | $8.73 Million |
| 2013 | 8.64% | 3.52% | 0.35x | 7.05x | $-1.19 Million |
| 2014 | 8.46% | 3.65% | 0.34x | 6.91x | $-1.49 Million |
| 2015 | 12.00% | 4.76% | 0.37x | 6.74x | $2.23 Million |
| 2016 | 11.14% | 4.65% | 0.36x | 6.66x | $1.46 Million |
| 2017 | 9.50% | 5.10% | 0.28x | 6.61x | $-743.87K |
| 2018 | 12.62% | 7.76% | 0.27x | 6.12x | $4.50 Million |
| 2019 | 5.54% | 3.85% | 0.21x | 6.78x | $-8.78 Million |
| 2020 | 21.06% | 11.55% | 0.31x | 5.87x | $29.20 Million |
| 2021 | 13.18% | 421.07% | 0.01x | 5.16x | $9.54 Million |
| 2022 | 8.77% | 265.78% | 0.01x | 4.99x | $-3.59 Million |
| 2023 | 4.63% | 151.82% | 0.01x | 4.57x | $-16.79 Million |
| 2024 | 7.83% | 323.91% | 0.01x | 4.40x | $-7.34 Million |
Industry Comparison
This section compares Security National Financial's net assets metrics with peer companies in the Insurance - Life industry.
Industry Context
- Industry: Insurance - Life
- Average net assets among peers: $38,213,058,191
- Average return on equity (ROE) among peers: 29.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Security National Financial (SNFCA) | $365.38 Million | 19.61% | 3.28x | $122.19 Million |
| AIA Group Ltd (AAIGF) | $145.77 Billion | 1.94% | 0.01x | $75.83 Billion |
| Atlantic American Corporation (AAME) | $78.54 Million | -15.55% | 4.39x | $10.88 Million |
| Abacus Life Inc. (ABL) | $766.89K | 130.06% | 1.40x | $276.35 Million |
| Abacus Global Management, Inc. (ABX) | $28.15 Million | 112.55% | 1.10x | $92.22K |
| Aflac Incorporated (AFL) | $6.64 Billion | 18.89% | 10.95x | $56.14 Billion |
| Anadolu Hayat Emeklilik Anonim Sirketi (AUHYF) | $1.29 Billion | 28.05% | 20.11x | $90.55 Million |
| Brighthouse Financial Inc (BHF) | $5.02 Billion | 7.72% | 46.48x | $3.38 Billion |
| Challenger Limited (CFIGF) | $1.80 Billion | 14.53% | 8.91x | $1.66 Billion |
| Citizens Inc (CIA) | $259.84 Million | -0.53% | 5.72x | $217.90 Million |
| China Life Insurance Co Ltd (CILJF) | $221.24 Billion | -2.13% | 0.03x | $16.34 Billion |