| Business Summary | | 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.
The
cemetery
and
mortuary
segment
of
the
Company
consists
of
five
cemeteries
in
the
state
of
Utah
and
one
in
the
state
of
California,
and
eight
mortuaries
in
the
state
of
Utah
and
six
in
the
state
of
Arizona.
The
Company
also
engages
in
pre-need
selling
of
funeral,
cemetery
and
cremation
services
through
its
Utah
operations.
The
mortgage
loan
segment
is
an
approved
governmental
and
conventional
lender
that
originates
and
underwrites
residential
and
commercial
loans
for
new
construction
and
existing
homes
and
real
estate
projects. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SNFCA
operates
in
three
main
business
segments:
life
insurance
underwriting,
cemetery
and
mortuary
services,
and
mortgage
lending.
For
the
six
months
ended
6/30/01,
revenues
rose
27%
to
$36.8
million.
Net
income
totaled
$975
thousand,
up
from
$306
thousand.
Revenues
reflect
increase
in
mortgage
fee
income,
net
investment
income
and
net
mortuary
and
cemetery
sales.
Earnings
also
reflect
lower
policybenefits
and
other
expenses
as
a
percentage
of
revenues. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| George Quist, 80 Chairman,
Pres and CEO | $175K | William Sargent, 72 Sr.
VP, Sec. | 170K | Scott Quist, 47 First
VP, Gen. Counsel, Treasurer | 167K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|