Here are the 10-K annual reports from UTG Inc (UTGN) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow UTGN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full UTGN filings page.
UTG, Inc. is a Delaware-based life insurance holding company focused on servicing in-force individual life policies, investment income and acquiring blocks of business rather than selling new policies. For 2025, the company reported net income attributable to common shareholders of $17.1 million, down from $50.0 million in 2024, as total revenues fell to $42.3 million from $84.9 million. Results are heavily driven by volatile equity investments: net investment gains were $23.4 million in 2025 versus $63.3 million in 2024, largely from changes in the fair value of equity securities.
At December 31, 2025, UTG reported consolidated assets of $491 million, liabilities of $259 million and shareholders’ equity of $233 million. Investments totaled $431 million, with 62% in equity securities at fair value and significant exposure to oil and gas-related holdings. Premiums and policy fees net of reinsurance declined about 9% as the company writes very little new business and emphasizes persistency, which remained strong at roughly 96.5%. UTG repurchased 18,449 shares for $782,812 in 2025 under a long-running stock buyback program and had 3,140,988 common shares outstanding at January 31, 2026.