UTG, Inc. (UTGN)

UTG, Inc. Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	17.08	50.01	2.66	34.26	9.66
Depreciation & Amortization	1.28	1.91	0.73	2.03	2.76
Other Amortization	0.61	0.64	0.66	0.69	0.71
Gain (Loss) on Sale of Investments	-23.17	-63.64	-6.83	-42.71	-19.56
Stock-Based Compensation	0.29	0.48	0.8	0.6	0.29
Reinsurance Recoverable	0.78	0.58	0.37	0.21	0.09
Change in Income Taxes	0.78	1.34	-6.32	5.16	-1.24
Change in Insurance Reserves / Liabilities	-4.08	-3.9	-3.54	-2.84	-5.47
Change in Other Net Operating Assets	-1.02	2.03	3.05	-3.19	2.65
Other Operating Activities	1.02	9.09	-1.37	0.45	-2.34
Operating Cash Flow	-6.52	-1.57	-9.79	-5.33	-12.45
Sale of Property, Plant & Equipment	-	-	-	-	1.32
Investment in Securities	-7.44	34.07	-22.04	15.51	-9.58
Other Investing Activities	4.02	1.39	0.16	3.3	-0.04
Investing Cash Flow	-6.89	26.5	6.9	26.2	-18.05
Short-Term Debt Issued	-	-	21.5	58.5	24
Total Debt Issued	-	-	21.5	58.5	24
Total Debt Repaid	-	-19	-21.5	-63.5	-
Net Debt Issued (Repaid)	-	-19	-	-5	24
Issuance of Common Stock	-	-	-	-	0.01
Repurchases of Common Stock	-0.78	-0.65	-0.88	-0.69	-0.54
Other Financing Activities	-0.1	-0.1	-0.1	-0.13	-0.08
Financing Cash Flow	-1.32	-20.85	-1.22	-6.37	22.27
Net Cash Flow	-14.73	4.08	-4.11	14.5	-8.24
Cash Interest Paid	-	0.02	0.04	0.08	0
Cash Income Tax Paid	1.05	0.77	5.8	1.89	1.2
Levered Free Cash Flow	9.23	71.86	-28.1	32.7	9.68
Unlevered Free Cash Flow	9.23	71.87	-28.08	32.77	9.69
Change in Working Capital	-3.55	0.05	-6.43	-0.65	-3.98

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