Security National Financial Corp. (SNFCA)
NASDAQFinancialsInsurance - LifeSnapshot 2026-09-09
$8.69-0.91%
Close 2026-09-09 · 1-day change
NASDAQFinancialsInsurance - LifeSnapshot 2026-09-09
Intact: The reason to own it still holds.
Security National Financial keeps positive profits and steady revenue near $80M-$90M. Its profit ranged from $3.2M to $14.7M recently. The stock trades cheap with a price-to-earnings ratio of 6.8, well below peers at 12.8. The company pays a 5% stock dividend, showing stable management.
Revenue is expected to decline about 4% next year. Profit margins could shrink, hurting earnings. The insurance industry faces risks that could pressure growth and profits.
The price is about 47% below our fair value near $19. Analysts expect about 4% revenue decline. This discount reflects the weak growth outlook but the company’s stable profits and cheap valuation offer upside.
Breaks if: operating income falls below $10M next year
Focus on maintaining and growing operating income and net income across quarters to support financial health and shareholder value.
Stated in 6 of last 6 quarters. Operating income increased from $8.25M in 2025-Q1 to $11.7M in 2026-Q2, and net income rose from $6.4M to $9.0M over the same period. The trajectory shows delivering sustained positive income growth as management emphasized.
“Operating income was $11.7M and net income $8.98M, showing continued profitability.”
“Operating income was $9.05M and net income $7.0M, sustaining positive earnings.”
“Operating income was $12.3M and net income $32.1B, reflecting strong results.”
“Operating income was $10.2M and net income $7.8M, maintaining profitability.”
“Operating income was $10.7M and net income $8.4M, positive earnings sustained.”
“Operating income was $8.25M and net income $6.4M, continuing positive trends.”
Breaks if: revenue falls below $75M next year
Focus on maintaining and growing operating income and net income across quarters to support financial health and shareholder value.
Stated in 6 of last 6 quarters. Operating income increased from $8.25M in 2025-Q1 to $11.7M in 2026-Q2, and net income rose from $6.4M to $9.0M over the same period. The trajectory shows delivering sustained positive income growth as management emphasized.
“Operating income was $11.7M and net income $8.98M, showing continued profitability.”
“Operating income was $9.05M and net income $7.0M, sustaining positive earnings.”
“Operating income was $12.3M and net income $32.1B, reflecting strong results.”
“Operating income was $10.2M and net income $7.8M, maintaining profitability.”
“Operating income was $10.7M and net income $8.4M, positive earnings sustained.”
“Operating income was $8.25M and net income $6.4M, continuing positive trends.”
Breaks if: PE rises above 12 without earnings growth
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a stable long-term thesis in the financial sector. The company has shown strong recent financial performance, but its earnings quality is fragile, which could pose risks in the future.
The current valuation suggests that the market views SNFCA as cheap compared to its peers. There is a notable expectations gap, indicating that the market may not fully account for potential risks in earnings execution.
Management has emphasized sustaining positive operating income and net income growth, which has been evident in recent quarterly results. However, the earnings quality remains fragile, and there is a moderate risk associated with the company's performance.
The thesis hinges on the performance of sector bellwethers like MET, AFL, and PRU. If these companies continue to perform well, it could provide a favorable environment for SNFCA. Conversely, any negative shifts in their performance or changes in interest rates could adversely affect SNFCA.
Overall, SNFCA's long-term thesis remains intact, supported by strong financial performance and a stable management approach. Not investment advice.
The most important moves since the prior daily snapshot.
Yes, our read has weakened. The reason to own SNFCA has diminished. Recent financial performance fell from the robust 73rd to the 40th percentile of its sector. This change indicates a decline in the company's standing among its peers. The market reaction has been muted, with the price moving only modestly compared to the S&P.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.