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Receivables from Preneed Funeral Trusts (Tables)

9 Months Ended

Sep. 30, 2024

Receivables From Preneed Trusts [Abstract]


	September 30, 2024		December 31, 2023
Preneed funeral trust funds, at cost	$	23,005	$	22,196
Less: allowance for contract cancellation	(690)		(666)
Receivables from preneed funeral trusts, net	$	22,315	$	21,530

Composition of Assets Held in Trust

The following summary reflects the composition of the assets held in trust and controlled by third parties to satisfy our future obligations related to the underlying preneed funeral contracts at September 30, 2024 and December 31, 2023. The cost basis includes reinvested interest and dividends that have been earned on the trust assets. Fair value includes unrealized gains and losses on trust assets.

The composition of the preneed funeral trust funds at September 30, 2024 is as follows (in thousands):


	Historical Cost Basis		Fair Value
Cash and cash equivalents	$	6,771	$	6,771
Fixed income investments	12,996		12,996
Mutual funds and common stocks	3,234		3,068
Annuities	4		4
Total	$	23,005	$	22,839

The composition of the preneed funeral trust funds at December 31, 2023 is as follows (in thousands):


	Historical Cost Basis		Fair Value
Cash and cash equivalents	$	6,547	$	6,547
Fixed income investments	12,732		12,732
Mutual funds and common stocks	2,913		2,695
Annuities	4		4
Total	$	22,196	$	21,978