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Business Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Schedule of Revenues and Expenses by Reportable Segment | Schedule of Revenues and Expenses by Reportable Segment
|  | Insurance |  |  | Mortuary |  |  | Mortgage |  |  | Total |
|  | For the Three Months Ended September 30, 2025 |
|  | Life |  |  | Cemetery/ |  |  |  |
|  | Insurance |  |  | Mortuary |  |  | Mortgage |  |  | Total |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
From external sources: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 29,880,785 |  |  | $ | 7,140,942 |  |  | $ | 29,139,245 |  |  | $ | 66,160,972 |
Net investment income |  |  | 19,278,861 |  |  |  | 641,814 |  |  |  | 188,925 |  |  |  | 20,109,600 |
Gains on investments and other assets |  |  | 1,258,854 |  |  |  | 711,884 |  |  |  | 1,460 |  |  |  | 1,972,198 |
Other revenues |  |  | 371,667 |  |  |  | 432,894 |  |  |  | 278,832 |  |  |  | 1,083,393 |
Intersegment revenues |  |  | 2,044,534 |  |  |  | 85,699 |  |  |  | 75,882 |  |  |  | 2,206,115 |
Total segment revenues |  |  | 52,834,701 |  |  |  | 9,013,233 |  |  |  | 29,684,344 |  |  |  | 91,532,278 |
Elimination of intersegment revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,206,115 | )
Total consolidated revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 89,326,163 |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Death benefits |  |  | 15,182,809 |  |  |  | - |  |  |  | - |  |  |  |  |
Surrenders and other policy benefits |  |  | 1,374,289 |  |  |  | - |  |  |  | - |  |  |  |  |
Increase in future policy benefits |  |  | 8,376,973 |  |  |  | - |  |  |  | - |  |  |  |  |
Amortization of deferred policy and pre-need acquisition costs and value of business acquired |  |  | 5,329,768 |  |  |  | 203,653 |  |  |  | - |  |  |  |  |
Selling, general and administrative expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commissions |  |  | 1,327,707 |  |  |  | 53,382 |  |  |  | 11,673,028 |  |  |  |  |
Personnel |  |  | 8,679,182 |  |  |  | 2,689,765 |  |  |  | 10,150,091 |  |  |  |  |
Advertising |  |  | 172,623 |  |  |  | 174,285 |  |  |  | 636,383 |  |  |  |  |
Rent and rent related |  |  | 86,781 |  |  |  | 38,902 |  |  |  | 821,981 |  |  |  |  |
Depreciation on property and equipment |  |  | 217,990 |  |  |  | 233,853 |  |  |  | 155,457 |  |  |  |  |
Cost related to funding mortgage loans |  |  | - |  |  |  | - |  |  |  | 1,813,814 |  |  |  |  |
Data processing and IT related (1) |  |  | 334,212 |  |  |  | 78,005 |  |  |  | 913,247 |  |  |  |  |
Premium taxes on insurance premiums and other considerations (1) |  |  | 751,520 |  |  |  | - |  |  |  | - |  |  |  |  |
Other segment items (1)(2) |  |  | 2,884,733 |  |  |  | 1,299,434 |  |  |  | 1,339,391 |  |  |  |  |
Intersegment expenses (3) |  |  | 161,581 |  |  |  | 83,359 |  |  |  | 1,961,175 |  |  |  |  |
Interest expense |  |  | 912,232 |  |  |  | 136 |  |  |  | 154,160 |  |  |  |  |
Costs of goods and services sold-mortuaries and cemeteries |  |  | - |  |  |  | 1,113,425 |  |  |  | - |  |  |  |  |
Income tax expense |  |  | 1,534,528 |  |  |  | 757,700 |  |  |  | 45,698 |  |  |  |  |
Segment net earnings |  |  | 5,507,773 |  |  |  | 2,287,334 |  |  |  | 19,919 |  |  |  | 7,815,026 |
Net earnings |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 7,815,026 |
(1) | Included in other expenses on the condensed consolidated statements of earnings. Data processing and IT related expenses includes various software subscriptions, maintenance, consulting, support and storage fees.
(2) | For each reportable segment, other segment items includes:
Life Insurance - bad debt, insurance expenses, professional service expenses, state insurance department fees, amortization of intangible assets, and certain overhead expenses. Cemetery/Mortuary - bad debt, insurance expenses, professional service expenses, maintenance and utility expenses, property taxes, amortization of intangible assets, and certain overhead expenses. Mortgage - bad debt, insurance expenses, professional service expenses, business license and registration fees, dues and subscriptions, amortization expense of mortgage servicing rights, and certain overhead expenses.
(3) | For each reportable segment, intersegment expenses includes:
Life Insurance - mortgage servicing fees and interest expense. Cemetery/Mortuary - rent expense, data processing and IT related expenses, and interest expense. Mortgage - rent expense and interest expense. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2025 (Unaudited) 7) Business Segment Information (Continued)
|  | Insurance |  |  | Mortuary |  |  | Mortgage |  |  | Total |
|  | For the Three Months Ended September 30, 2024 |
|  | Life |  |  | Cemetery/ |
|  | Insurance |  |  | Mortuary |  |  | Mortgage |  |  | Total |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
From external sources: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 30,011,081 |  |  | $ | 6,814,331 |  |  | $ | 30,224,092 |  |  | $ | 67,049,504 |
Net investment income |  |  | 17,105,712 |  |  |  | 477,833 |  |  |  | 215,551 |  |  |  | 17,799,096 |
Gains (losses) on investments and other assets |  |  | 1,316,673 |  |  |  | 1,124,513 |  |  |  | (1,093,530 | ) |  |  | 1,347,656 |
Other revenues |  |  | 419,890 |  |  |  | 126,000 |  |  |  | 1,531,541 |  |  |  | 2,077,431 |
Intersegment revenues |  |  | 2,066,052 |  |  |  | 85,699 |  |  |  | 137,946 |  |  |  | 2,289,697 |
Total segment revenues |  |  | 50,919,408 |  |  |  | 8,628,376 |  |  |  | 31,015,600 |  |  |  | 90,563,384 |
Elimination of intersegment revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,289,697 | )
Total consolidated revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 88,273,687 |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Death benefits |  |  | 13,570,336 |  |  |  | - |  |  |  | - |  |  |  |  |
Surrenders and other policy benefits |  |  | 1,194,692 |  |  |  | - |  |  |  | - |  |  |  |  |
Increase in future policy benefits |  |  | 8,589,354 |  |  |  | - |  |  |  | - |  |  |  |  |
Amortization of deferred policy and pre-need acquisition costs and value of business acquired |  |  | 2,093,892 |  |  |  | 193,111 |  |  |  | - |  |  |  |  |
Selling, general and administrative expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commissions |  |  | 953,987 |  |  |  | 268,499 |  |  |  | 11,981,920 |  |  |  |  |
Personnel |  |  | 7,462,332 |  |  |  | 2,483,960 |  |  |  | 11,303,262 |  |  |  |  |
Advertising |  |  | 177,329 |  |  |  | 159,117 |  |  |  | 571,082 |  |  |  |  |
Rent and rent related |  |  | 103,137 |  |  |  | 39,324 |  |  |  | 1,237,615 |  |  |  |  |
Depreciation on property and equipment |  |  | 248,914 |  |  |  | 205,529 |  |  |  | 157,032 |  |  |  |  |
Cost related to funding mortgage loans |  |  | - |  |  |  | - |  |  |  | 1,694,791 |  |  |  |  |
Data processing and IT related (1) |  |  | 210,002 |  |  |  | 62,314 |  |  |  | 813,729 |  |  |  |  |
Premium taxes on insurance premiums and other considerations (1) |  |  | 739,809 |  |  |  | - |  |  |  | - |  |  |  |  |
Other segment items (1)(2) |  |  | 2,061,764 |  |  |  | 1,167,856 |  |  |  | 1,136,150 |  |  |  |  |
Intersegment expenses (3) |  |  | 223,434 |  |  |  | 90,613 |  |  |  | 1,975,650 |  |  |  |  |
Interest expense |  |  | 932,239 |  |  |  | 194 |  |  |  | 128,220 |  |  |  |  |
Costs of goods and services sold-mortuaries and cemeteries |  |  | - |  |  |  | 1,117,513 |  |  |  | - |  |  |  |  |
Income tax expense |  |  | 2,651,944 |  |  |  | 716,898 |  |  |  | 14,396 |  |  |  |  |
Segment net earnings |  |  | 9,706,243 |  |  |  | 2,123,448 |  |  |  | 1,753 |  |  |  | 11,831,444 |
Net earnings |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 11,831,444 |
(1) | Included in other expenses on the condensed consolidated statements of earnings. Data processing and IT related expenses includes various software subscriptions, maintenance, consulting, support and storage fees.
(2) | For each reportable segment, other segment items includes:
Life Insurance - bad debt, insurance expenses, professional service expenses, state insurance department fees, amortization of intangible assets, and certain overhead expenses. Cemetery/Mortuary - bad debt, insurance expenses, professional service expenses, maintenance and utility expenses, property taxes, amortization of intangible assets, and certain overhead expenses. Mortgage - bad debt, insurance expenses, professional service expenses, business license and registration fees, dues and subscriptions, amortization expense of mortgage servicing rights, and certain overhead expenses.
(3) | For each reportable segment, intersegment expenses includes:
Life Insurance - mortgage servicing fees and interest expense. Cemetery/Mortuary - rent expense, data processing and IT related expenses, and interest expense. Mortgage - rent expense and interest expense. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2025 (Unaudited) 7) Business Segment Information (Continued)
|  | Insurance |  |  | Mortuary |  |  | Mortgage |  |  | Total |
|  | For the Nine Months Ended September 30, 2025 |
|  | Life |  |  | Cemetery/ |  |  |  |  |  |  |
|  | Insurance |  |  | Mortuary |  |  | Mortgage |  |  | Total |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
From external sources: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 89,846,164 |  |  | $ | 21,698,880 |  |  | $ | 83,433,590 |  |  | $ | 194,978,634 |
Net investment income |  |  | 57,909,679 |  |  |  | 1,528,492 |  |  |  | 455,041 |  |  |  | 59,893,212 |
Gains on investments and other assets |  |  | 2,422,649 |  |  |  | 1,193,030 |  |  |  | 85,247 |  |  |  | 3,700,926 |
Other revenues |  |  | 1,422,933 |  |  |  | 766,987 |  |  |  | 844,343 |  |  |  | 3,034,263 |
Intersegment revenues |  |  | 5,192,800 |  |  |  | 254,302 |  |  |  | 272,307 |  |  |  | 5,719,409 |
Total segment revenues |  |  | 156,794,225 |  |  |  | 25,441,691 |  |  |  | 85,090,528 |  |  |  | 267,326,444 |
Elimination of intersegment revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (5,719,409 | )
Total consolidated revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 261,607,035 |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Death benefits |  |  | 46,249,912 |  |  |  | - |  |  |  | - |  |  |  |  |
Surrenders and other policy benefits |  |  | 3,807,498 |  |  |  | - |  |  |  | - |  |  |  |  |
Increase in future policy benefits |  |  | 26,165,160 |  |  |  | - |  |  |  | - |  |  |  |  |
Amortization of deferred policy and pre-need acquisition costs and value of business acquired |  |  | 15,436,601 |  |  |  | 531,030 |  |  |  | - |  |  |  |  |
Selling, general and administrative expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commissions |  |  | 3,266,908 |  |  |  | 841,828 |  |  |  | 32,849,100 |  |  |  |  |
Personnel |  |  | 25,602,668 |  |  |  | 7,901,569 |  |  |  | 32,368,554 |  |  |  |  |
Advertising |  |  | 398,893 |  |  |  | 468,503 |  |  |  | 1,880,288 |  |  |  |  |
Rent and rent related |  |  | 265,531 |  |  |  | 112,896 |  |  |  | 2,494,987 |  |  |  |  |
Depreciation on property and equipment |  |  | 680,675 |  |  |  | 669,398 |  |  |  | 471,380 |  |  |  |  |
Cost related to funding mortgage loans |  |  | - |  |  |  | - |  |  |  | 5,120,855 |  |  |  |  |
Data processing and IT related (1) |  |  | 882,143 |  |  |  | 222,937 |  |  |  | 2,690,366 |  |  |  |  |
Premium taxes on insurance premiums and other considerations (1) |  |  | 2,203,794 |  |  |  | - |  |  |  | - |  |  |  |  |
Other segment items (1)(2) |  |  | 7,911,917 |  |  |  | 3,834,468 |  |  |  | 5,211,239 |  |  |  |  |
Intersegment expenses (3) |  |  | 526,395 |  |  |  | 255,285 |  |  |  | 4,937,729 |  |  |  |  |
Interest expense |  |  | 2,812,509 |  |  |  | 446 |  |  |  | 666,539 |  |  |  |  |
Costs of goods and services sold-mortuaries and cemeteries |  |  | - |  |  |  | 3,525,978 |  |  |  | - |  |  |  |  |
Income tax expense (benefit) |  |  | 4,526,820 |  |  |  | 1,722,410 |  |  |  | (848,438 | ) |  |  |  |
Segment net earnings (loss) |  |  | 16,056,801 |  |  |  | 5,354,943 |  |  |  | (2,752,071 | ) |  |  | 18,659,673 |
Net earnings |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 18,659,673 |
Segment assets |  | $ | 1,403,748,846 |  |  | $ | 105,083,649 |  |  | $ | 89,648,621 |  |  | $ | 1,598,481,116 |
Elimination of intersegment assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (35,495,025 | )
Total consolidated assets |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 1,562,986,091 |
Expenditures for long-lived assets |  | $ | 53,325,905 |  |  | $ | 1,176,244 |  |  | $ | 296,776 |  |  | $ | 54,798,925 |
(1) | Included in other expenses on the condensed consolidated statements of earnings. Data processing and IT related expenses includes various software subscriptions, maintenance, consulting, support and storage fees.
(2) | For each reportable segment, other segment items includes:
Life Insurance - bad debt, insurance expenses, professional service expenses, state insurance department fees, amortization of intangible assets, and certain overhead expenses. Cemetery/Mortuary - bad debt, insurance expenses, professional service expenses, maintenance and utility expenses, property taxes, amortization of intangible assets, and certain overhead expenses. Mortgage - bad debt, insurance expenses, professional service expenses, business license and registration fees dues and subscriptions, amortization expense of mortgage servicing rights, and certain overhead expenses.
(3) | For each reportable segment, intersegment expenses includes:
Life Insurance - mortgage servicing fees and interest expense. Cemetery/Mortuary - rent expense, data processing and IT related expenses, and interest expense. Mortgage - rent expense and interest expense. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2025 (Unaudited) 7) Business Segment Information (Continued)
|  | Insurance |  |  | Mortuary |  |  | Mortgage |  |  | Total |
|  | For the Nine Months Ended September 30, 2024 |
|  | Life |  |  | Cemetery/ |  |  |  |
|  | Insurance |  |  | Mortuary |  |  | Mortgage |  |  | Total |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
From external sources: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 89,823,732 |  |  | $ | 21,531,769 |  |  | $ | 81,675,278 |  |  | $ | 193,030,779 |
Net investment income |  |  | 52,902,146 |  |  |  | 2,136,982 |  |  |  | 751,344 |  |  |  | 55,790,472 |
Gains on investments and other assets |  |  | 2,194,572 |  |  |  | 1,503,865 |  |  |  | (1,058,594 | ) |  |  | 2,639,843 |
Other revenues |  |  | 1,140,856 |  |  |  | 435,507 |  |  |  | 2,215,764 |  |  |  | 3,792,127 |
Intersegment revenues |  |  | 5,351,600 |  |  |  | 255,234 |  |  |  | 429,541 |  |  |  | 6,036,375 |
Total segment revenues |  |  | 151,412,906 |  |  |  | 25,863,357 |  |  |  | 84,013,333 |  |  |  | 261,289,596 |
Elimination of intersegment revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (6,036,375 | )
Total consolidated revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 255,253,221 |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Death benefits |  |  | 43,354,254 |  |  |  | - |  |  |  | - |  |  |  |  |
Surrenders and other policy benefits |  |  | 3,453,425 |  |  |  | - |  |  |  | - |  |  |  |  |
Increase in future policy benefits |  |  | 27,148,178 |  |  |  | - |  |  |  | - |  |  |  |  |
Amortization of deferred policy and pre-need acquisition costs and value of business acquired |  |  | 10,708,888 |  |  |  | 623,417 |  |  |  | - |  |  |  |  |
Selling, general and administrative expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commissions |  |  | 2,817,716 |  |  |  | 1,047,105 |  |  |  | 30,773,643 |  |  |  |  |
Personnel |  |  | 21,979,252 |  |  |  | 7,346,938 |  |  |  | 32,581,075 |  |  |  |  |
Advertising |  |  | 400,206 |  |  |  | 437,731 |  |  |  | 1,543,463 |  |  |  |  |
Rent and rent related |  |  | 332,764 |  |  |  | 118,753 |  |  |  | 3,627,275 |  |  |  |  |
Depreciation on property and equipment |  |  | 698,173 |  |  |  | 620,861 |  |  |  | 472,789 |  |  |  |  |
Cost related to funding mortgage loans |  |  | - |  |  |  | - |  |  |  | 4,677,767 |  |  |  |  |
Data processing and IT related (1) |  |  | 633,130 |  |  |  | 183,300 |  |  |  | 2,618,662 |  |  |  |  |
Premium taxes on insurance premiums and other considerations (1) |  |  | 2,260,033 |  |  |  | - |  |  |  | - |  |  |  |  |
Other segment items (1)(2) |  |  | 6,100,295 |  |  |  | 3,596,281 |  |  |  | 4,085,217 |  |  |  |  |
Intersegment expenses (3) |  |  | 683,672 |  |  |  | 276,933 |  |  |  | 5,075,770 |  |  |  |  |
Interest expense |  |  | 2,790,510 |  |  |  | 650 |  |  |  | 370,783 |  |  |  |  |
Costs of goods and services sold-mortuaries and cemeteries |  |  | - |  |  |  | 3,627,101 |  |  |  | - |  |  |  |  |
Income tax expense (benefit) |  |  | 6,017,032 |  |  |  | 2,025,774 |  |  |  | (396,735 | ) |  |  |  |
Segment net earnings (loss) |  |  | 22,035,378 |  |  |  | 5,958,513 |  |  |  | (1,416,376 | ) |  |  | 26,577,515 |
Net earnings |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 26,577,515 |
Segment assets |  | $ | 1,329,401,728 |  |  | $ | 94,063,898 |  |  | $ | 99,663,509 |  |  | $ | 1,523,129,135 |
Elimination of intersegment assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (28,304,940 | )
Total consolidated assets |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 1,494,824,195 |
Expenditures for long-lived assets |  | $ | 46,317,358 |  |  | $ | 300,393 |  |  | $ | 146,993 |  |  | $ | 46,764,744 |
(1) | Included in other expenses on the condensed consolidated statements of earnings. Data processing and IT related expenses includes various software subscriptions, maintenance, consulting, support and storage fees.
(2) | For each reportable segment, other segment items includes:
Life Insurance - bad debt, insurance expenses, professional service expenses, state insurance department fees, amortization of intangible assets, and certain overhead expenses. Cemetery/Mortuary - bad debt, insurance expenses, professional service expenses, maintenance and utility expenses, property taxes, amortization of intangible assets, and certain overhead expenses. Mortgage - bad debt, insurance expenses, professional service expenses, business license and registration fees, dues and subscriptions, amortization expense of mortgage servicing rights, and certain overhead expenses.
(3) | For each reportable segment, intersegment expenses includes:
Life Insurance - mortgage servicing fees and interest expense. Cemetery/Mortuary - rent expense, data processing and IT related expenses, and interest expense. Mortgage - rent expense and interest expense.

X
- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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