|[September 30, 2013]
Security National Financial Named Among Utah's Top 20 Public Companies
SALT LAKE CITY --(Business Wire)--
Security National Financial Corporation (NASDAQ symbol-SNFCA) was named
No. 20 in Utah's top public companies by Utah Business Magazine. The
Company began its operations in 1965 as Security National Life Insurance
Company and, since then, has grown to include SecurityNational Mortgage
Company, Memorial Estates and C&J Financial. With revenues of over
$234,000,000 in 2012, the Company was honored to be placed on this
Over the past years, Security National has seen strong growth in returns
from its strategic ventures in mortgage lending, life insurance
operations and corporate real estate investments. As the economy in Utah
has remained relatively strong, the Company views its placement among
other notable Utah public companies as a testament to the Company's
consistent and proactive view of future growth possibilities.
Garrett S. Sill, the Company's Chief Financial Officer, stated: "We are
pleased with our placement of one of the top public companies in Utah.
In the recent past, Security National Finacial Corporation has been
fortunate to realize significant growth in the face of global economic
hardship and uncertainty. We anticipate this growth to continue and will
work to accomplish Security National's ambitious goals and objectives."
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. These products are marketed in 38 states
through a commissioned sales force of independent licensed insurance
agents who may also sell insurance products of other companies.
The cemetery and mortuary segment of the Company consists of five
cemeteries in the state of Utah and one cemetery in the state of
California, and seven mortuaries in the state of Utah and one mortuary
in the state of Arizona. The Company also engages in pre-need selling of
funeral, cemetery, mortuary and cremation services through its Utah,
Arizona and California operations. Many of the insurance agents also
sell pre-need funeral, cemetery and cremation services.
The mortgage loan segment is an approved government and conventional
lender that originates and underwrites or otherwise purchases
residential and commercial loans for new construction, existing homes
and real estate projects. The mortgage loan segment operates through 91
wholesale and retail offices in 19 states, and is an approved mortgage
lender in several other states.
This press release contains statements that, if not verifiable
historical fact, may be viewed as forward-looking statements that could
predict future events or outcomes with respect to Security National
Financial Corporation and its business. The predictions in these
statements will involve risk and uncertainties and, accordingly, actual
results may differ significantly from the results discussed or implied
in such forward-looking statements.
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