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Accumulated Other Comprehensive Income (loss)

12 Months Ended

Dec. 31, 2024

Equity [Abstract]

Accumulated Other Comprehensive Income (loss)

18) Accumulated Other Comprehensive Income (loss)

The following summarizes the changes in accumulated other comprehensive income (loss):

 Schedule of Changes in Accumulated Other Comprehensive Income 

		2024				2023
		December 31
		2024				2023
Unrealized gains on fixed maturity securities available for sale		$	77,334			$	7,853,398
Amounts reclassified into net earnings			(156,562	)			(39,074	)
Net unrealized gains (losses) before taxes			(79,228	)			7,814,324
Tax benefit (expense)			13,942				(1,640,186	)
Net			(65,286	)			6,174,138
Unrealized gains on restricted assets (1)			841				11,175
Tax expense			(210	)			(2,784	)
Tax benefit (expense)			(210	)			(2,784	)
Net			631				8,391
Unrealized gains (losses) on cemetery perpetual care trust investments (1)			(1,403	)			2,917
Tax benefit (expense)			350				(727	)
Net			(1,053	)			2,190
Other comprehensive income (loss) changes		$	(65,708	)		$	6,184,719

(1) Fixed maturity securities available for sale

SECURITY NATIONAL FINANCIAL CORPORATION

AND SUBSIDIARIES

Notes to Consolidated Financial Statements

Years Ended December 31, 2024 and 2023

18) Accumulated Other Comprehensive Income (loss) (Continued)

The following is the accumulated balances of other comprehensive income (loss) as of December 31, 2024:

  Schedule of Accumulated Balances of Other Comprehensive Income 

		Beginning Balance December 31, 2023				Change for the period				Ending Balance December 31, 2023
Unrealized gains on fixed maturity securities available for sale		$	(6,876,629	)		$	(65,286	)		$	(6,941,915	)
Unrealized gains (losses) on restricted assets (1)			(4,757	)			631				(4,126	)
Unrealized losses on cemetery perpetual care trust investments (1)			(4,172	)			(1,053	)			(5,225	)
Other comprehensive loss		$	(6,885,558	)		$	(65,708	)		$	(6,951,266	)

(1) Fixed maturity securities available for sale

The following is the accumulated balances of other comprehensive income (loss) as of December 31, 2023:

		Beginning Balance December 31, 2022				Change for the period				Ending Balance December 31, 2023
Unrealized gains (losses) on fixed maturity securities available for sale		$	(13,050,767	)		$	6,174,138			$	(6,876,629	)
Unrealized gains (losses) on restricted assets (1)			(13,148	)			8,391				(4,757	)
Unrealized gains (losses) on cemetery perpetual care trust investments (1)			(6,362	)			2,190				(4,172	)
Other comprehensive income (loss)		$	(13,070,277	)		$	6,184,719			$	(6,885,558	)

(1) Fixed maturity securities available for sale

SECURITY NATIONAL FINANCIAL CORPORATION

AND SUBSIDIARIES

Notes to Consolidated Financial Statements

Years Ended December 31, 2024 and 2023

X

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/220/tableOfContent

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X

- References

No definition available.

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