UTGN on OTC

UTG INC

UTG INC is a life insurance company, listed on OTC (UTGN).1 It is headquartered in Stanford, Kentucky.1

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Last updated Oct 20, 2026.

Overview

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  • TickerUTGN on OTC1
  • IndustryLife Insurance1
  • HeadquartersStanford, Kentucky1
  • Business address205 North Depot Street, Stanford, Ky 404842
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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The Holding Company - UTG, Inc. (the “Registrant”, “Company” or “UTG”) is an insurance holding company incorporated in the state of Delaware in 2005 and headquartered in Stanford, KY. The Company’s principal subsidiary is Universal Guaranty Life Insurance Company (“UG”). The Registrant and its primary subsidiary have only one significant segment, insurance.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

40.3%Net margin5
-50.1%Revenue growth, 20255
7.4%Return on equity5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs49¢$20.6M
  • Income tax11¢$4.7M
  • Profit40¢$17.1M

Out of $42.3M in revenue.5

Financial statements

Revenue6789105$42.3M in 2025−4% since 2019
0$25.0M$50.0M$75.0M$100.0M2019: $44.2M$44.2M20192020: $27.3M$27.3M2020−38%2021: $35.6M$35.6M2021+31%2022: $69.7M$69.7M2022+96%2023: $26.3M$26.3M2023−62%2024: $84.9M$84.9M2024+223%2025: $42.3M$42.3M2025−50%
Net income6789105$17.1M in 2025+5% since 2019
0$20.0M$40.0M$60.0M2019: $16.3M$16.3M20192020: $2.1M$2.1M2020−87%2021: $9.7M$9.7M2021+363%2022: $34.3M$34.3M2022+255%2023: $2.7M$2.7M2023−92%2024: $50.0M$50.0M2024+1782%2025: $17.1M$17.1M2025−66%

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
Premiums and policy fees$7.3M$7.6M
Ceded reinsurance premiums and policy fees-$2.5M-$2.3M
Net investment income$13.9M$16.1M
Other income$279.4K$236.8K
Revenue before net investment gains (losses)$19.0M$21.6M
Other-than-temporary impairments-$725.0K-$900.1K
Other realized investment gains, net$2.5M$7.4M
Change in fair value of equity securities$21.6M$56.8M
Total net investment gains$23.4M$63.3M
Total revenues$42.3M$84.9M
Life$11.4M$12.8M
Ceded reinsurance benefits and claims-$1.7M-$2.3M
Annuity$1.0M$1.0M
Dividends to policyholders$281.8K$287.8K
Commissions-$106.7K-$109.9K
Amortization of cost of insurance acquired$614.2K$635.8K
Operating expenses$9.0M$9.4M
Interest expense$0$11.6K
Total benefits and other expenses$20.5M$21.7M
Income before income taxes$21.9M$63.2M
Income tax expense$4.7M$13.1M
Net income$17.2M$50.1M
Net income attributable to noncontrolling interest-$87.0K-$99.7K
Net income attributable to common shareholders$17.1M$50.0M
Basic income per share (in dollars per share)$5.42$15.80
Diluted income per share (in dollars per share)$5.42$15.80
Basic weighted average shares outstanding (in shares)3.2M shares3.2M shares
Diluted weighted average shares outstanding (in shares)3.2M shares3.2M shares

Compare UTG INC with another company

Corporate structure

UTG INC sits at the top of its group. 18 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of UTG INC

  • FIRST SOUTHERN FUNDING LLC Filed SCHEDULE 13D/A on UTG INC, latest May 8, 2025
  • Jesse T. Correll Filed SC 13D/A on UTG INC, latest Apr 17, 2024
  • UTG INC Stanford, Kentucky
    • BCG Land, LLC Subsidiary · Kentucky, United States
    • Bella Terra, LLC Subsidiary · Alabama, United States
    • Bluebird, Ltd Co Subsidiary · Kentucky, United States
    • Bluegrass Land & Minerals, LLC Subsidiary · Kentucky, United States
    • Cerulean at the Bluebird, LLC Subsidiary · Kentucky, United States
    • Collier Beach, LLC Subsidiary · South Carolina, United States
    • Consolidated Timberland, LLC Subsidiary · Georgia, United States
    • Cumberland Woodlands, LLC Subsidiary · Kentucky, United States
    • Esther's Wellhouse, LLC Subsidiary · Kentucky, United States
    • Franklin Forest, LLC Subsidiary · Tennessee, United States
    • Imperial Plan, Inc. Subsidiary · Texas, United States
    • Mama Devechio's Pizzeria, LLC Subsidiary · Kentucky, United States
    • Midland Superblock Partners, LLC Subsidiary · Texas, United States
    • Red River Gorge Properties, LLC Subsidiary · Kentucky, United States
    • Stanford Wilderness Road, LLC Subsidiary · Kentucky, United States
    • The Inn at Wilderness Road, LLC Subsidiary · Kentucky, United States
    • Universal Guaranty Life Insurance Company Subsidiary · Ohio, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What UTG INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Real estate and locations

ItemLatestA year beforeChange
Area of real estate8,000 sq ft5 Dec 31, 20258,000 sq ft10 Dec 31, 20240%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$30.5M5 Dec 31, 2025$45.3M5 Dec 31, 2024−32.5%
Debt securities available for sale$73.2M5 Dec 31, 2025$76.5M5 Dec 31, 2024−4.3%
Debt securities held to maturity$05 Dec 31, 2025$2.5M5 Dec 31, 2024−100.0%

Properties, in its own words

The Company rents a portion of the first floor and second floor of an 8,000 square foot, two-story office building, located in Stanford, KY. The first floor of the building is occupied by UTG and FSNB employees that are included in the shared services agreement between the two entities. The second floor is occupied by the customer service call centers for both UTG and FSNB employees. The building is owned by FSNB and UTG pays $2,000 per month in rent to FSNB for the portion of the building occupied by UTG employees. The Company paid rent of $24,000 to FSNB in 2025 and 2024.

Item 2 of the 10-K filed Mar 25, 2026.4

Leadership

Who has led UTG INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Jesse T. Correll2006–now

Chair

  1. Jesse T. Correll2006–now

President

  1. Randall L. Attkisson2006
  2. James Patrick Rousey2012–2023

Chief operating officer

  1. Randall L. Attkisson2006
2010201520202025
Board members and other officers (27)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • BCG Land, LLC Kentucky3
  • Bella Terra, LLC Alabama3
  • Bluebird, Ltd Co Kentucky3
  • Bluegrass Land & Minerals, LLC Kentucky3
  • Cerulean at the Bluebird, LLC Kentucky3
  • Collier Beach, LLC South Carolina3
  • Consolidated Timberland, LLC Georgia3
  • Cumberland Woodlands, LLC Kentucky3
  • Esther's Wellhouse, LLC Kentucky3
  • Franklin Forest, LLC Tennessee3
  • Imperial Plan, Inc. Texas3
  • Mama Devechio's Pizzeria, LLC Kentucky3
  • Midland Superblock Partners, LLC Texas3
  • Red River Gorge Properties, LLC Kentucky3
  • Stanford Wilderness Road, LLC Kentucky3
  • The Inn at Wilderness Road, LLC Kentucky3
  • Universal Guaranty Life Insurance Company Ohio3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • UNITED TRUST GROUP INCSep 13, 2001 to Jun 22, 20052
  • UNITED TRUST INC /IL/Aug 11, 1995 to Aug 9, 20002

Timeline

  1. Jul 1, 20268-K Shareholder vote41
  2. Feb 6, 20268-K Executive or director change42
  3. Sep 4, 20258-K Executive or director change43
  4. Sep 2, 20258-K Executive or director change44
  5. Jun 27, 20258-K Shareholder vote45
  6. Feb 4, 20258-K Executive or director change46
  7. Dec 27, 20248-K Other events47
  8. Jul 1, 20248-K Executive or director change48
  9. Jun 28, 20248-K Shareholder vote49
  10. Feb 12, 20248-K Executive or director change50
  11. Sep 20, 20238-K Change of auditor51
  12. Jun 7, 20238-K Shareholder vote52
  13. Dec 19, 2006New chief executive Jesse T. Correll becomes CEO13

Filings

140 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 17 major events, 94 insider forms, 2 large holders, 7 other. The latest 20:

  1. Aug 28, 20264 PRIMARY DOCUMENT EDGAR
  2. Aug 28, 20264 PRIMARY DOCUMENT EDGAR
  3. Aug 19, 20264 PRIMARY DOCUMENT EDGAR
  4. Aug 19, 20264 PRIMARY DOCUMENT EDGAR
  5. Aug 12, 202610-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) EDGAR
  6. Jul 1, 20268-K 8K20260630 EDGAR
  7. May 20, 20264 PRIMARY DOCUMENT EDGAR
  8. May 20, 20264 PRIMARY DOCUMENT EDGAR
  9. May 15, 2026DEF 14A 2026 UTG PROXY STATEMENT AND PROXY CARD EDGAR
  10. May 13, 202610-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) EDGAR
  11. Mar 25, 202610-K EDGAR
  12. Mar 9, 20264 PRIMARY DOCUMENT EDGAR
  13. Mar 6, 20265 PRIMARY DOCUMENT EDGAR
  14. Feb 6, 20264 PRIMARY DOCUMENT EDGAR
  15. Feb 6, 20268-K COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS EDGAR
  16. Jan 15, 20265 PRIMARY DOCUMENT EDGAR
  17. Dec 29, 20254 PRIMARY DOCUMENT EDGAR
  18. Dec 22, 20254 PRIMARY DOCUMENT EDGAR
  19. Dec 22, 20254 PRIMARY DOCUMENT EDGAR
  20. Dec 22, 20254 PRIMARY DOCUMENT EDGAR

The 140 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

18 open-market trades by officers, directors and large owners since October 2021: 13 buys and 5 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 27, 2026FIRST SOUTHERN FUNDING LLC10% ownerBuy1,000$59.75$59.8KForm 4
Aug 27, 2026CORRELL JESSE TChairman & CEOBuy1,000$59.75$59.8KForm 4
Aug 18, 2026FIRST SOUTHERN FUNDING LLC10% ownerBuy4,808$59.00$283.7KForm 4
Aug 18, 2026CORRELL JESSE TChairman & CEOBuy4,808$59.00$283.7KForm 4
May 18, 2026CORRELL JESSE TChairman & CEOBuy4,850$54.96$266.6KForm 4
May 18, 2026FIRST SOUTHERN FUNDING LLC10% ownerBuy4,850$54.96$266.6KForm 4
Mar 6, 2026CORRELL JESSE TChairman & CEOBuy5,162Form 4
Nov 18, 2025Cortines JohnDirectorSale1,181$55.00$65.0KForm 4
Jul 18, 2025CORRELL JESSE TChairman & CEOBuy12,039Form 4
Jun 18, 2025Abel Julie AnnVice PresidentSale350$37.01$13.0KForm 4
May 30, 2025CORRELL JESSE TChairman & CEOBuy21,609Form 4
May 6, 2025CORRELL JESSE TChairman & CEOBuy86,957$40.00$3.5MForm 4
May 6, 2025FIRST SOUTHERN FUNDING LLC10% ownerBuy86,957$40.00$3.5MForm 4
Sep 23, 2024CORRELL JESSE TChairman & CEOSale341Form 4
Sep 19, 2024Willis Casey JonathanVice PresidentBuy6$28.50$171Form 4
Dec 30, 2022CORRELL JESSE TChairman & CEOSale386Form 4
Jan 3, 2022Cortines JohnDirectorBuy400$28.76$11.5KForm 4
Dec 31, 2021CORRELL JESSE TChairman & CEOSale701Form 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Jesse T. CorrellChief Executive Officer$225.0K$588.3K55
2025Douglas P. DittoVice President$206.2K$518.2K55
2025Casey J. WillisVice President$210.0K$472.4K55
2025Daniel T. RobertsVice President$105.0K$261.2K55
2025Theodore C. MillerChief Financial Officer$120.0K$257.1K55
2024Casey J. WillisVice President$200.0K$562.0K55
2024Jesse T. CorrellChief Executive Officer$217.5K$465.6K55
2024Douglas P. DittoVice President$187.5K$398.8K55
2024Theodore C. MillerChief Financial Officer$117.5K$224.6K55

SEC filer profile

How UTG INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARUTG INC1
  • CIK0000832480
  • Employer ID (EIN)20-29078924
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6311 Life Insurance1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address205 North Depot Street, Stanford, KY 404841
  • Phone21724163001
  • Shares outstanding3,132,727 as of Jul 31, 202612
  • Public float$29.6M as of Jun 30, 20254
  • AuditorKerber, Eck & Braeckel LLP, Springfield, Illinois PCAOB ID 718; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceAug 11, 19951
  • Filings701 in all: 4 (250), 8-K (100), 10-Q (94), 10-K (31), DEF 14A (31), 5 (30), SC 13D/A (30), 3 (25)1
    All 33 form types

    CORRESP (23), 10-K/A (15), UPLOAD (15), 10-Q/A (13), 4/A (7), S-4/A (7), SC 13D (4), ARS (3), POS AM (3), 8-K/A (2), EFFECT (2), S-4 (2), S-8 (2), 424B3 (1), 424B5 (1), 5/A (1), AW (1), DEFA14A (1), DEFR14A (1), DEL AM (1), PREM14A (1), S-8 POS (1), SC 13G (1), SC 13G/A (1), SCHEDULE 13D/A (1)

  • Latest filingsAnnual report (10-K) Mar 25, 2026
    Quarterly report (10-Q) Aug 12, 2026
    Proxy statement (DEF 14A) May 15, 2026
    Latest 8-K (8-K) Jul 1, 2026

Risk factors and legal proceedings

Legal proceedings

In the normal course of business the Company is involved, from time to time, in various legal actions and other state and federal proceedings. Management is of the opinion that the ultimate disposition of these matters will not have a material adverse effect on the Company’s results of operations or financial position.

The opening of Item 3, Legal Proceedings.4

Sources

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    SEC EDGAROther events
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