Receivables from Preneed Funeral Trusts

3 Months Ended

Mar. 31, 2026

Receivables From Preneed Trusts [Abstract]

Our receivables from preneed funeral trusts represent assets in trusts which are controlled and operated by third parties in which we do not have a controlling financial interest (less than 50%) in the trust assets. We account for these investments at cost. Receivables from preneed funeral trusts are as follows (in thousands):


	March 31, 2026		December 31, 2025
Preneed funeral trust funds, at cost	$	16,625	$	16,758
Less: allowance for contract cancellation	(499)		(503)


Receivables from preneed funeral trusts, net	$	16,126	$	16,255

The following summary reflects the composition of the assets held in trust and controlled by third parties to satisfy our future obligations related to the underlying preneed funeral contracts at March 31, 2026 and December 31, 2025. The cost basis includes reinvested interest and dividends that have been earned on the trust assets. Fair value includes unrealized gains and losses on trust assets.

The composition of the preneed trust funds at March 31, 2026, is as follows (in thousands):


	Historical Cost Basis		Fair Value
Cash and cash equivalents	$	2,258	$	2,258
Fixed income investments	10,990		10,990
Mutual funds and common stocks	3,373		3,227
Annuities	4		4
Total	$	16,625	$	16,479

The composition of the preneed trust funds at December 31, 2025, is as follows (in thousands):


	Historical Cost Basis		Fair Value
Cash and cash equivalents	$	2,220	$	2,220
Fixed income investments	11,108		11,108
Mutual funds and common stocks	3,426		3,306
Annuities	4		4
Total	$	16,758	$	16,638