Carriage Services Announces Strategic National Partnership to Grow Pre-Arranged Funeral Sales

HOUSTON, May 16, 2023 (GLOBE
NEWSWIRE) – Carriage Services,
Inc. (NYSE: CSV) today announced
a landmark national agreement with
National Guardian Life Insurance
Company (NGL), which has provided
insurance solutions for over 100
years, and Precoa, the premier
pre-arranged funeral sales and
marketer in the death care industry.
This strategic partnership will
deliver exceptional pre-arranged
funeral services and off erings
across the Carriage Services
platform, empowering families with
unparalleled peace of mind and an elevated customer experience.
“We are excited to announce this transformative national agreement and partnership between
NGL, Precoa and Carriage Services,” said Carlos Quezada, Vice Chairman, President and Chief
Operating Offi cer of Carriage Services. “By combining the expertise and heritage of NGL, the
innovative and industry-leading preneed solutions of Precoa and the customer-centric approach
of Carriage Services, we are elevating our pre-arranged funeral off ering across all Carriage
locations and ensuring families receive personalized support and peace of mind as they plan for
their end-of-life celebration. In addition, this transformative partnership will enable Carriage to
reach new audiences, forge deeper customer relationships and to grow market share, ultimately
creating value for our shareholders.”


Carriage Services is a leading provider of funeral and cemetery services and merchandise in the
United States. Carriage operates 173 funeral homes in 26 states and 32 cemeteries in 11 states.
Certain statements made herein or elsewhere by, or on behalf of, the Company that are not
historical facts are intended to be forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended, and contains certain statements and information that may constitute
forward-looking statements within the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. All statements made herein, other than statements of historical
information, should be deemed to be forward-looking statements, which include, but are not
limited to, statements regarding any projections of equity performance, market share growth,
or fi nancial and operational performance; any statements of the plans, timing, and objectives
of management regarding the announcement of our pre-arranged funeral sales and insurance
partnership, including, for example, the anticipated results, expectations, and demand for such
services and off erings; any statements of belief; and any statements of assumptions underlying
any of the foregoing and are based on our current expectations and beliefs concerning future
developments and their potential eff ect on us. These statements are based on assumptions
that the Company believes are reasonable as and when made; however, many important
factors, as discussed under “Risk Factors” in our Annual Report on Form 10-K for the year
ended December 31, 2022 and our Quarterly Report on Form 10-Q for the quarter ended March
31, 2023, could cause the Company’s actual results in the future to diff er materially from the
forward-looking statements made herein and in any other documents or oral presentations
made by, or on behalf of, the Company. Investors are cautioned not to place undue reliance on
forward-looking statements, which speak only as of the date of the applicable communication
and we undertake no obligation to publicly update or revise any forward-looking statements
except to the extent required by applicable law. A copy of the Company’s Annual Report on
Form 10-K, the Company’s Quarterly Reports on Form 10-Q, and other fi lings with the SEC, are
available at