Security National Financial Corp. has, through its subsidiary Security National Life Insurance Co., closed on a coinsurance transaction with Mothe Life Insurance http://www.mothelifeinsurance.com and DLE Life Insurance Co.
Security National Life says it coinsured about 103,000 policies through this coinsurance agreement, with an approximate $40,000,000 of reinsured reserves. Security National Life will administer the reinsured policies.
Security National Financial adds that it conducts business in three business segments: life insurance, mortgage banking and cemetery mortuary operations. As of Sept. 30, 2012, Security National Financial Corp. had revenues of $167,599,000 and total assets of $560,760,000. Specific terms of the agreement were not disclosed.
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