Definitions

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Etymologies

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Examples

  • The accounts labeled Deferred Preneed Revenue represent the Preneed Receivables from Customers, the Receivables from Preneed Funeral Trusts and cash that was allowed to be retained by the Company under state regulations at the time of sale, or investment income that was withdrawn from trust funds prior to death and delivery.

  • Preneed funeral contracts that were written in the form of life insurance contracts are not on our Consolidated Balance Sheet based on current GAAP methodology even though they are a very material part of our Preneed Funeral Business and strategy.

  • The five categories within the liability section of the Preneed Business are actually Deferred Preneed Revenue and not liabilities as shown, although GAAP methodology requires Deferred Revenue accounts to be classified in the liability section of the Balance Sheet.

  • The Total Assets for the Preneed Business includes the trust investments totaling $182.1 million that will produce investment income through the date of death and delivery in the future.

  • Preneed and atneed cemetery sales production increased

  • Preneed funeral sales are deferred and recognized as revenues in the future when the funeral service is performed.

  • Net earned premiums declined 13% to $598.0 million primarily due to lower service contract sales in the domestic line of business, continued run-off of domestic credit, partially offset by an increase in international business due to new client addition and heightened Preneed sales.

  • Preneed funeral sales are deferred until the underlying contracts are performed and have no impact on current revenue.

    News

  • Preneed cemetery receivables and trust investments

    News

  • Preneed funerals are the fastest-growing segment of the mortuary industry, and for good reason.

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Comments

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  • Vexamples, stop advertising.

    November 18, 2009