Security National Financial Corp SNFCA US Equity
Security National Financial Corp (Nasdaq: SNFCA), an SEC filer in Finance Services, closed at $8.80, +0.7%, on 2026-08-28, with a market cap of $223M as of 2026-08-27, a trailing P/E of 6.9, a return on equity of 8.1%, a net margin of 9.3% and 3-year sales growth of -4.0%. Institutional ownership, earnings history and filed financials are on the tabs below.
Legal & controls
Item 3 and Item 9A as filed · every verdict is the registrant’s own sentence, printed below it · a filing that fails an extraction gate reads “not extracted”
| Fiscal year | Filed | Item 3 | ICFR | disclosure controls | material weakness | Filing |
|---|---|---|---|---|---|---|
| 2025-12-31 | 2026-03-16 | none stated | NOT effective | NOT effective | disclosed | EDGAR |
Item 3 · The Company is not a party to any material legal proceedings outside the ordinary course of business or to any other legal proceedings, which if adversely determined, would be expected to have a material adverse effect on its financial condition or results of operation. Item 9A · ICFR · Based on that assessment management believes that as of December 31, 2025, the Company’s internal control over financial reporting was not effective. Item 9A · disclosure controls · Based on that evaluation, the CEO and CFO have concluded that its disclosure controls and procedures were not effective as of December 31, 2025, because of the material weakness in the Company’s internal control over financial reporting as described below. | ||||||
| 2024-12-31 | 2025-03-31 | none stated | effective | effective | none in Item 9A | EDGAR |
Item 3 · The Company is not a party to any material legal proceedings outside the ordinary course of business or to any other legal proceedings, which if adversely determined, would be expected to have a material adverse effect on its financial condition or results of operation. Item 9A · ICFR · Based on that assessment management believes that as of December 31, 2024, the Company’s internal control over financial reporting was effective. Item 9A · disclosure controls · Based on that evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that these disclosure controls and procedures are effective. | ||||||
| 2023-12-31 | 2024-03-29 | none stated | effective | effective | none in Item 9A | EDGAR |
Item 3 · The Company is not a party to any material legal proceedings outside the ordinary course of business or to any other legal proceedings, which if adversely determined, would be expected to have a material adverse effect on its financial condition or results of operation. Item 9A · ICFR · Based on that assessment management believes that as of December 31, 2023, the Company’s internal control over financial reporting was effective. Item 9A · disclosure controls · Based on that evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that these disclosure controls and procedures are effective. | ||||||
| 2022-12-31 | 2023-03-31 | none stated | effective | effective | none in Item 9A | EDGAR |
Item 3 · The Company is not a party to any material legal proceedings outside the ordinary course of business or to any other legal proceedings, which if adversely determined, would be expected to have a material adverse effect on its financial condition or results of operation. Item 9A · ICFR · Based on that assessment management believes that at December 31, 2022, the Company’s internal control over financial reporting was effective. Item 9A · disclosure controls · Based on that evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that these disclosure controls and procedures are effective. | ||||||
| 2021-12-31 | 2022-03-31 | described here | effective | effective | none in Item 9A | EDGAR |
Item 3 · Settlement Agreement and Mutual Release with Lehman Brothers Holdings Inc. From 2004 to early 2008, SecurityNational Mortgage Company (“SecurityNational Mortgage”), a wholly owned subsidiary of the Company, originated “limited documentation” or “reduced documentation” loans which were sold to certain affiliates of Lehman Brothers Holdings Inc. (“Lehman Holdings”). Certain of these loans became the subject of disputes between SecurityNational Mortgage and Lehman Holdings and certain Lehman Holdings affiliates. Lehman Holdings filed a Petition for Relief under Chapter 11 of the United States Bankruptcy Code in 2008. In May of 2011, SecurityNational Mortgage filed a complaint in U.S. District Court against certain Lehman Holdings affiliates. In June of 2011, Lehman Holdings filed a complaint in Federal District Court against SecurityNational Mortgage, both the complaint filed in May 2011 and that filed in June 2011 were later resolved. In 2016, certain other pending loan disputes between SecurityNational Mortgage and Lehman Holdings became the subject of an unsuccessful, non-binding alternate dispute resolution mediation proceeding. Thereafter, in 2016, Lehman Holdings filed an advers… Item 9A · ICFR · Based on that assessment management believes that at December 31, 2021, the Company’s internal control over financial reporting was effective. Item 9A · disclosure controls · Based on that evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that these disclosure controls and procedures are effective. | ||||||
5 of 5 annual reports on record have their filing text cached on this host; the rest are listed with their EDGAR link and no extraction, because this surface never fetches from SEC on a page load.
- Item 3 and Item 9A are located in the filing HTML already cached on this host and read with the same line-anchored item matcher and largest-gap body disambiguation the filing-narrative pass uses for Item 1A and Item 7 — no fetch, no model, no summarization.
- A heading is accepted as a section only when it is not a table-of-contents row (a trailing page number), not a quoted reference in prose, and names its own section; the span must then clear a per-item length band and carry readable text after the heading. Anything that fails a gate is served as 'not extracted' with the reason — never as a default value.
- An effectiveness conclusion is read only from a sentence that names its own control set (disclosure controls and procedures, or internal control over financial reporting) and states an outcome. Conditional sentences — the standard limitations paragraph and forward-looking remediation language — are excluded, because they are hypotheses rather than conclusions.
- When a filing's own sentences disagree — an effective conclusion beside an unremediated material-weakness disclosure, or two conclusions of opposite sign — no verdict is asserted. A wrong 'controls were effective' reading is worse than no reading.
- Every verdict is shown beside the verbatim sentence it was read from. The excerpt is the filing's own words, capped at 1,200 characters; the filing itself is one link away.