UTG INC
Close on Oct 19, 2026
- Market cap
- $183.14M
- P/E (TTM)
- 5.1
- Dividend yield
- –
About UTG
Life Insurance, SIC 6311
UTG, Inc. is an insurance holding company that operates primarily through its subsidiary, Universal Guaranty Life Insurance Company, within a single business segment: insurance. The organization focuses predominantly on individual life insurance, primarily servicing existing active policies rather than selling new contracts. Its portfolio includes traditional fixed-premium whole life insurance policies and single-premium annuities. In addition to serving policyholders directly, the business acts as a third-party administrator, providing policy processing and administrative services to unaffiliated life insurance companies.
The company maintains its corporate headquarters and administrative offices in Stanford, Kentucky. Its insurance subsidiary is licensed to operate in 37 states, with its policyholders primarily located in Illinois, Ohio, and Texas. The firm employs 40 full-time workers across Kentucky and Illinois, who receive additional support from an affiliated bank's staff under a shared services arrangement.
Summary of the business section of UTG's latest annual report, written by StockData.
Company profile
Company
- Legal name
- UTG INC
- Founded
- 2005
- Headquarters
- Stanford, KY
- Address
- 205 North Depot Street 40484
- Phone
- (217) 241-6300
- Website
- utgins.com
- Employees
- 40, Dec 31, 2025
- Industry
- Life Insurance
- Fiscal year ends
- December 31
- Auditor
- Kerber, Eck & Braeckel LLP, Springfield, Illinois
Stock & identifiers
- Ticker
- UTGN
- Exchange
- OTC
- Shares outstanding
- 3M, Jul 31, 2026
- Public float
- $29.56M, Jun 30, 2025
- Filer category
- Non-accelerated filer<br>Smaller reporting company
- SEC CIK
- 832480
- CUSIP
- 90342M109
- ISIN
- US90342M1099
- EIN
- 20-2907892
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Jesse T. Correll | Chairman & CEO, Director | 2,058,712 |
| Daniel T. Roberts | Vice President | 3,260 |
| Julie Ann Abel | Vice President | 0 |
| Douglas Paul Ditto | Vice President | 45,494 |
| Bradley John Betack | Corporate Secretary | 200 |
| Jacob Joncarl Andrew | Vice President | – |
| Michael Keith Borden | Vice President | 1,314 |
| Donald Shay Pendygraft | Vice President | 2,546 |
| Casey Jonathan Willis | Vice President | 10,000 |
| Theodore Clayton Miller | Senior Vice President & CFO | 16,292 |
| Howard Lape Dayton JR | Director | 12,068 |
| Charles Wesley Perry | Director | 209 |
| Peter L. Ochs | Director | 8,868 |
| Thomas F. Darden Ii | Director | 128,425 |
| Thomas Eugene Harmon | Director | 4,977 |
| Gabriel John Molnar | Director | 4,464 |
| John Cortines | Director | 5,033 |
| Preston Howard Correll | Director | 3,813 |
| April Chapman | Director | 1,723 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Jesse T. Correll | $588.33K | $588.33K | $345.51K | $220 | – |
| FY2024 Jesse T. Correll | $465.55K | $465.55K | $311.65K | $118 | – |
| FY2023 Jesse T. Correll | $520.55K | $520.55K | $336.54K | $120 | – |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, UTG and its subsidiaries had 40 full-time employees located in Kentucky and Illinois.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Sep 20, 2023 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Jul 14, 2021 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Sep 6, 2011 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Feb 20, 2007 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Dec 14, 2006 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Sep 22, 2005 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Jun 22, 2005 | Name change | Name changed from UNITED TRUST GROUP INC to UTG INC |
| Aug 9, 2000 | Name change | Name changed from UNITED TRUST INC /IL/ to UNITED TRUST GROUP INC |
| Jan 14, 1998 | Merger | Registration of securities for a merger or exchange offer (S-4) |