Overview

* SNFC Q3 after-tax earnings decrease 34% yr/yr to $7.8 mln

* Company revenue increases 1.2% yr/yr, driven by improved Cemetery/Mortuary segment

* Mortgage segment posts profit, marking third profitable quarter in 3 years

Outlook

* Company to implement new accounting standards in Life Insurance segment in Q4

* SNFC sees strength in move-up real estate markets, weakness in first-time buyer markets

* Company focusing on improving sales and management talent in Life Insurance segment

Result Drivers

* PERSONNEL COSTS - Co reports flat personnel costs for the qtr, offsetting talent hiring costs with operational efficiencies

* MORTGAGE SEGMENT PROFIT - Mortgage segment posts profit, marking third profitable qtr in 3 yrs despite market challenges

* CEMETERY SALES - Improved results in Cemetery/Mortuary segment due to stabilized preneed cemetery land sales

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

9M EPS $0.32

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)