Security National Financial Corporation (NASDAQ symbol-SNFCA) was named No. 20 in Utah’s top public companies by Utah Business Magazine. The Company began its operations in 1965 as Security National Life Insurance Company and, since then, has grown to include SecurityNational Mortgage Company, Memorial Estates and C&J Financial. With revenues of over $234,000,000 in 2012, the Company was honored to be placed on this impressive list.
Over the past years, Security National has seen strong growth in returns from its strategic ventures in mortgage lending, life insurance operations and corporate real estate investments. As the economy in Utah has remained relatively strong, the Company views its placement among other notable Utah public companies as a testament to the Company’s consistent and proactive view of future growth possibilities.
Garrett S. Sill, the Company’s Chief Financial Officer, stated: “We are pleased with our placement of one of the top public companies in Utah. In the recent past, Security National Financial Corporation has been fortunate to realize significant growth in the face of global economic hardship and uncertainty. We anticipate this growth to continue and will work to accomplish Security National’s ambitious goals and objectives.”
Security National Financial Corporation operates in three main business segments: life insurance, cemetery and mortuary, and mortgage loans. The life insurance segment is engaged in the business of selling and servicing selected lines of life insurance, annuity products and accident and health insurance. These products are marketed in 38 states through a commissioned sales force of independent licensed insurance agents who may also sell insurance products of other companies.
The cemetery and mortuary segment of the Company consists of five cemeteries in the state of Utah and one cemetery in the state of California, and seven mortuaries in the state of Utah and one mortuary in the state of Arizona. The Company also engages in pre-need selling of funeral, cemetery, mortuary and cremation services through its Utah, Arizona and California operations. Many of the insurance agents also sell pre-need funeral, cemetery and cremation services.