UTG, Inc. Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Investments in Debt Securities	73.16	76.48	79.08	108.31	140.96
Investments in Equity & Preferred Securities	286.21	258.21	199.35	174.45	136.77
Policy Loans	5.36	5.69	6.02	6.57	7.39
Other Investments	9.81	1.95	29.13	3.6	-
Total Investments	422.03	387.23	350.88	349.85	354.06
Cash & Equivalents	30.54	45.26	41.19	45.29	30.79
Reinsurance Recoverable	23.22	23.53	28.58	28.96	29.17
Other Receivables	13.87	19.21	18.14	15.8	19.96
Other Long-Term Assets	1.71	1.72	2.92	7.64	4.48
Total Assets	491.37	476.95	441.71	447.53	438.46
Insurance & Annuity Liabilities	222.04	225.19	238.77	244.7	250.4
Unpaid Claims	3.46	3.85	4.19	4.07	3.94
Short-Term Debt	-	-	19	19	24
Current Income Taxes Payable	-	-	-	4.19	-
Long-Term Deferred Tax Liabilities	27.39	24.73	12.43	11.58	13.68
Other Current Liabilities	-	-	-	-	0
Other Long-Term Liabilities	5.79	6.34	5.64	5.96	5.19
Total Liabilities	258.68	260.11	280.02	289.51	297.21
Common Stock	0	0	0	0	0
Additional Paid-In Capital	31.95	32.44	32.61	32.69	32.78
Retained Earnings	198.42	181.34	131.33	131.99	97.73
Comprehensive Income & Other	1.87	2.6	-2.72	-7.11	10.25
Total Common Equity	232.24	216.38	161.23	157.57	140.77
Minority Interest	0.45	0.46	0.46	0.45	0.48
Shareholders' Equity	232.69	216.84	161.69	158.03	141.24
Total Liabilities & Equity	491.37	476.95	441.71	447.53	438.46
Filing Date Shares Outstanding	3.14	3.16	3.16	3.19	3.17
Total Common Shares Outstanding	3.14	3.16	3.17	3.16	3.17
Total Debt	-	-	19	19	24
Net Cash (Debt)	30.54	45.26	22.19	26.29	6.79
Net Cash Growth	-32.54%	104.03%	-15.62%	287.35%	-82.61%
Net Cash Per Share	9.68	14.30	6.98	8.30	2.14
Book Value Per Share	73.90	68.52	50.94	49.79	44.45
Tangible Book Value	232.24	216.38	161.23	157.57	140.77
Tangible Book Value Per Share	73.90	68.52	50.94	49.79	44.45

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