December 2020

Page A30 DECEMBER 2020 FUNERAL HOME & CEMETERY NEWS Se c t i on A www. vischerfuneralsupplies.com The Fan Man, Inc. Fans Calendars Urns Register Books Dresses Advertising Specialties John Mannion “WhatEver You Need” 1-800-671-8280 Cell: 803-417-2940 Thefanman@comporium.net bankersadvertising.com/thefanman SEE THE NEW “FACES” OF RESTORATIVE ART PRACTICAL TRAINING ONLY AT PIMS!!!! Pittsburgh Institute of Mortuary Science 5808 Baum Boulevard Pittsburgh, Pennsylvania 15206 412-362-8500 www.pims.edu Be sure to subscribe to our new YouTube Channel: Pittsburgh Institute of Mortuary Science: PIMS Funeral Supply Store 1-800-392-2936 • www.funeralsupplystore.com FREE SHIPPING! Magnum Mortuary Cot $1,595 00 1,000 lb. Capacity FREE SHIPPING! Dressing Table $895 00 Elite Mortuary Cot $995 00 Scissor Lift $5,395 00 Shipping $200 00 Junkin Mortuary Cot 650 lb. Capacity $1,695 00 FREE SHIPPING! SCI announces Third Quarter Financial Results AM Best Affirms Funeral Directors Life’s Financial Strength Rating of A- (Excellent) ABILENE,TX—Funeral Directors Life Insurance Compa- ny (FDLIC) and its subsidiary, Kentucky Funeral Directors Life (KFDLIC), recently had its Best’s Financial Strength Rat- ing (FSR) of A- (Excellent) affirmed with a “stable” outlook by AM Best, a full-service credit rating agency for the insurance industry. This rating affirmation on October 8, 2020 marks the 14th consecutive year that FDLIC has received this rating. “We are incredibly proud to have our FSR rated A- (Excel- lent) by AM Best for another year in a row, particularly in a year of disruption caused by COVID-19,” said Kris Seale, president and CEO of Funeral Directors Life. “Our customers and policyholders are essential, and we are committed to pro- viding them with the best, most-respected service, every day.” AM Best analyzes an insurer’s financial strength and abili- ty to meet its ongoing insurance policy and contract obliga- tions. Best’s credit ratings are based on a comprehensive quan- titative and qualitative evaluation of a company’s balance sheet strength, operating performance, enterprise risk management, and business profile. “Funeral Directors Life’s capital and surplus position has in- creased steadily in recent years,” reported AM Best. “FDLIC’s asset/liability management (ALM) program is strong, allow- ing the company to benefit from a good combination between predictable liability cash flows and investing in longer-term as- sets. FDLIC has no financial or reinsurance leverage, contrib- uting to a very strong balance sheet.” “Beyond preneed, Funeral Directors Life also provides cus- tomers with other value-added services such as mortgage lend- ing and marketing services,” AM Best added. “The company benefits from good market share in the industry and extensive expertise in the funeral home business.” “Excellence at every level of our company is important,” con- tinued Seale. “While we take a conservative approach to in- vesting assets, we take a progressive and innovative approach to creating valuable services that help our clients grow and suc- ceed in a rapidly changing marketplace. We’re honored that AM Best recognizes our commitment to doing what is best for our clients, policyholders, and for our industry as a whole.” Funeral Directors Life, which has a Best’s Financial Strength Rating of A- (Excellent), is a legal reserve life insurance company which specializes in the sale of insurance-funded preneed funer- als. Funeral Directors Life is a wholly-owned subsidiary of Di- rectors Investment Group (DIG). For more information about Funeral Directors Life, visit www.funeraldirectorslife.com. HOUSTON,TX— Service Corpora- tion International (NYSE: SCI) report- ed results for the third quarter of 2020. Highlights included: revenue grew $149 million over the prior year quarter to $918 million; adjusted earnings per share grew $0.42 over the prior year quarter to $0.79; cemetery preneed sales grew 47%; comparable funeral gross profit grew 63%; and comparable cemetery gross profit grew 64%. Tom Ryan , the Company’s President, Chairman, and Chief Executive Officer, commented on COVID-19 and third quarter results: “As our society continues to navigate through the doubt, fears, and uncertain- ty surrounding COVID-19, our dedicat- ed team of 25,000 associates continues to display tremendous courage and resolve. Our team has continued to meet our customer’s desires by delivering exem- plary service in spite of increased work- loads and activity, leveraging technology for social distancing, and providing a safe environment for our customers to grieve, celebrate the life of a loved one or make future plans. “Today we are reporting adjusted earn- ings per share of $0.79, a $0.42 increase over the prior year quarter as the impact of COVID-19 has increased the num- ber of funeral services performed as well as the number of burials in our ceme- teries. As community restrictions lifted over the last few months, we have experi- enced unprecedented growth in our pre- need cemetery sales as well as a significant improvement in the number of families who are desiring memorial services. We view this as further evidence that a con- siderable number of our customers con- tinue to value what our team does best, which is helping our client families gain closure and healing through the process of grieving, remembrance, and celebra- tion.” Service Corporation International, headquartered in Houston, is North America’s leading provider of death- care products and services. At Septem- ber 30, 2020, we owned and operated 1,470 funeral service locations and 483 cemeteries (of which 296 are combina- tion locations) in 44 states, eight Cana- dian provinces, the District of Columbia, and Puerto Rico. Through our business- es, we market the Dignity Memorial® brand which offers assurance of quali- ty, value, caring service, and exceptional customer satisfaction. For more informa- tion about Service Corporation Interna- tional, please visit our website at www. sci- corp.com . For more information about Dignity Memorial®, please visit www.dignitymemorial.com . Call 1-800-321-7479 YEARLY SUBSCRIPTION RATES: $25.00 Subscription ~ $45.00 First Class ~ $50.00 Canada & Mexico ~ $65.00 Outside North America Subscribe Online at www.nomispubl ications.com S UB S C R I P T I ON F U N E R A L H OM E & C E M E T E R Y N E W S