The Funeral Home business is booming
The Funeral Home business is booming
Service Corporation International is the biggest funeral home/crematory company int he nation. They handle the final arrangements for more than 450,000 deceased people per year. Service Corporation’s earnings boomed in 2020 and 2021, thanks to Covid. Funerals are a solid but slow-growth business, and the trend toward cremations hasn’t helped. But between 2019 and 2021, SCI’s earnings per share more than doubled, from $1.90 to $4.57.
On Wednesday, Service Corporation reported its Quarter 1 2022 spring earnings - another banner quarter, with almost $1 billion in sales and $135 million in profits. As Tom Ryan, the company’s chief executive, told investors and Wall Street analysts:
I think that COVID cases on a national basis… it's just not material to our numbers. So like we tried to point out at investor day, I think we're experiencing -- we're servicing elevated numbers of consumers. [Or, in English, having more funerals and cremations.]
This correlates to the excess death mortality before the CDC decided to delete 30k deaths in June. Excess mortality is climbing each year and has jumped significantly since the introduction of covid injections. This also lines up with how much excess life insurance payouts we are seeing from multiple companies. See their numbers in the photos below.
Thank you for helping bring these things to light. Here are some additional supporting data points:
Insurance CEO, Todd Callender says the real pandemic is NOW:
“I'm the CEO of a large insurance group, and we underwrite morbidity risk. Based on what we are seeing, the rates right now, excess mortality is at 84%, and excess every kind of disease at 1100%. We are expecting upwards of 5000% for this year.”
https://rumble.com/v1ejum5-excessive-mortality-rates-up-5000-by-vaccines-this-year..html
Life Insurance CEO Reveals Deaths Are Up 40% Among Working People: "Just unheard of” (The Epoch Times):
"...in 2021, Lincoln National reported a 163 percent increase in death benefits that were paid out under their group life insurance policies."
https://rumble.com/v1ahtk0-life-insurance-ceo-reveals-deaths-are-up-40-among-working-people-just-unhea.html
Well, if insurance companies keep "fulfilling their purpose" in this way, in pretty short order, they won't be able to. It's just arithmetic...Unless, of course, they increase their rates to the point of unaffordability/blowing cost/benefit out of the water.