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

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