UTG, Inc. Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Investments in Debt Securities	72.58	76.48	79.08	108.31	140.96	165.78	Upgrade
Investments in Equity & Preferred Securities	292.4	258.21	199.35	174.45	136.77	92.46	Upgrade
Policy Loans	5.48	5.69	6.02	6.57	7.39	8.59	Upgrade
Other Investments	1	1.95	29.13	3.6	-	-	Upgrade
Total Investments	414.07	387.23	350.88	349.85	354.06	325.72	Upgrade
Cash & Equivalents	49.45	45.26	41.19	45.29	30.79	39.03	Upgrade
Reinsurance Recoverable	27.45	28.01	28.58	28.96	29.17	29.26	Upgrade
Other Receivables	6.69	14.73	18.14	15.8	19.96	19.02	Upgrade
Property, Plant & Equipment	-	-	-	-	-	0.35	Upgrade
Other Long-Term Assets	1.94	1.72	2.92	7.64	4.48	5.68	Upgrade
Total Assets	499.61	476.95	441.71	447.53	438.46	419.06	Upgrade
Insurance & Annuity Liabilities	229.15	233.09	238.77	244.7	250.4	259.19	Upgrade
Unpaid Claims	3.4	3.85	4.19	4.07	3.94	4.17	Upgrade
Short-Term Debt	-	-	19	19	24	-	Upgrade
Current Income Taxes Payable	0	-	-	4.19	-	0.27	Upgrade
Long-Term Deferred Tax Liabilities	27.95	23.07	12.43	11.58	13.68	13	Upgrade
Other Current Liabilities	-	-	-	-	0	0.01	Upgrade
Other Long-Term Liabilities	6.23	6.34	5.64	5.96	5.19	5.28	Upgrade
Total Liabilities	266.72	266.35	280.02	289.51	297.21	281.91	Upgrade
Common Stock	0	0	0	0	0	0	Upgrade
Additional Paid-In Capital	31.97	32.44	32.61	32.69	32.78	33.03	Upgrade
Retained Earnings	201.89	180.63	131.33	131.99	97.73	88.07	Upgrade
Comprehensive Income & Other	-1.5	-2.94	-2.72	-7.11	10.25	15.58	Upgrade
Total Common Equity	232.36	210.13	161.23	157.57	140.77	136.68	Upgrade
Minority Interest	0.53	0.46	0.46	0.45	0.48	0.46	Upgrade
Shareholders' Equity	232.88	210.59	161.69	158.03	141.24	137.14	Upgrade
Total Liabilities & Equity	499.61	476.95	441.71	447.53	438.46	419.06	Upgrade
Filing Date Shares Outstanding	3.14	3.16	3.16	3.19	3.17	3.17	Upgrade
Total Common Shares Outstanding	3.14	3.16	3.17	3.16	3.17	3.18	Upgrade
Total Debt	-	-	19	19	24	-	Upgrade
Net Cash (Debt)	49.45	45.26	22.19	26.29	6.79	39.03	Upgrade
Net Cash Growth	37.33%	104.03%	-15.62%	287.35%	-82.61%	35.56%	Upgrade
Net Cash Per Share	15.68	14.30	6.98	8.30	2.14	12.07	Upgrade
Book Value Per Share	73.89	66.55	50.94	49.79	44.45	43.04	Upgrade
Tangible Book Value	232.36	210.13	161.23	157.57	140.77	136.68	Upgrade
Tangible Book Value Per Share	73.89	66.55	50.94	49.79	44.45	43.04	Upgrade

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.