Company Research Report: Security National Financial Corporation

Company Overview

• Name: Security National Financial Corporation

• Mission: Security National Financial Corporation is committed to long-term relationships and business strategies based on conservative and sound financial principles.

• Founded: 1965

• Founder: No specific founder information is provided.

• Key People:

• Scott M. Quist - Chairman of the Board, President and CEO

• Garrett S. Sill - Chief Financial Officer and Treasurer

• Jeffrey R. Stephens - Secretary and Senior General Counsel

• Jason G. Overbaugh - Vice President, National Marketing Director of Life Insurance

• Other key executives and board members include H. Craig Moody, Robert G. Hunter, M.D., Gilbert A. Fuller, John L. Cook, S. Andrew Quist, Mia B. Love, Alexandra Mysoor, Adam G. Quist, Thayne D. Atkinson, Diana C. Olson, Mackay Moore, and Richard R. Dahl.

• Headquarters: 433 W. Ascension Way, Salt Lake City, UT 84123

• Number of Employees: No information is available.

• Revenue: No information is available.

• Known For: Security National Financial Corporation is known for its operations in life insurance, funeral services, and mortgage loans. It operates under three main segments, with a focus on long-term financial stability and customer satisfaction across its family of companies.

Products

• Life Insurance:

• Offers "end of life" insurance products and services.

• Focused on long-term relationships and sound financial practices.

• Funeral Services:

• Through Memorial Mortuaries & Cemeteries, it offers an array of funeral home services.

• Operates 10 locations under various brands, with a commitment to providing peace of mind and quality service.

• Mortgage Loans:

• Offers a wide range of loan products with competitive interest rates.

• Emphasizes a fast and reliable loan experience with in-house underwriting and processing expertise.

• Key Features of Products:

• Life Insurance: Designed to be reliable and based on long-term financial principles.

• Funeral Services: Known for transformative services like globe lights installations and significant public outreach and awareness.

• Mortgage Loans: Offers tailored services rather than a one-size-fits-all approach, ensuring flexibility for customers.

Recent Developments

• Recent Developments:

• Multiple acquisitions over the years, enhancing the company's reach and capabilities in life insurance and funeral services.

• New Products Launched: No specific new products were mentioned recently.

• New Features Added: No specified features recently added to existing products.

• New Partnerships: No information on new partnerships.

Notes on Recent Acquisitions

From 2000 onwards, Security National Financial Corporation has made significant acquisitions including:

• Southern Security Mortgage Company (2000)

• Gulf National Life & Acadian Life Insurance (2002)

• Paramount Security Life (2004), among many others through 2020, including Kilpatrick Life Insurance Company.

Conclusion

In summary, Security National Financial Corporation is a well-established entity in the fields of life insurance, funeral services, and mortgage loans. It leverages its historical growth trajectory and strategic acquisitions to maintain and enhance its market position. Despite a lack of specific employee and revenue numbers, the company’s consistent focus on service quality and financial stability appears to contribute positively to its reputation as an industry leader.