$UTGN
UTG INC
CIK:0000832480|SEC Filings
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Revenue: | ||||
| Premiums and policy fees | $ 1,761,200 | $ 1,846,187 | $ 3,557,889 | $ 3,760,504 |
| Ceded reinsurance premiums and policy fees | (804,009) | (808,154) | (1,229,285) | (1,270,467) |
| Net investment income | 4,718,614 | 3,480,217 | 8,013,950 | 6,598,953 |
| Other income | 64,159 | 82,100 | 128,765 | 148,281 |
| Revenue before net investment gains | 5,739,964 | 4,600,350 | 10,471,319 | 9,237,271 |
| Net investment gains (losses): | ||||
| Other realized investment gains, net | 5,907,301 | 50,999 | 9,456,094 | 1,026,768 |
| Change in fair value of equity securities | 2,250,531 | (1,256,918) | 30,463,997 | 15,033,564 |
| Total net investment gains (losses) | 8,157,832 | (1,205,919) | 39,920,091 | 16,060,332 |
| Total revenue | 13,897,796 | 3,394,431 | 50,391,410 | 25,297,603 |
| Benefits, claims and settlement expenses: | ||||
| Life | 2,911,774 | 3,164,509 | 9,742,162 | 6,340,255 |
| Ceded reinsurance benefits and claims | (272,202) | (231,645) | (3,170,490) | (848,031) |
| Annuity | 244,118 | 250,213 | 497,111 | 494,179 |
| Dividends to policyholders | 73,784 | 76,489 | 148,094 | 157,638 |
| Commissions and amortization of deferred policy acquisition costs | (24,738) | (23,385) | (50,787) | (53,075) |
| Amortization of cost of insurance acquired | 152,536 | 153,541 | 305,073 | 307,083 |
| Operating expenses | 2,802,239 | 1,971,646 | 5,175,816 | 4,091,980 |
| Total benefits and other expenses | 5,887,511 | 5,361,368 | 12,646,979 | 10,490,029 |
| Income (loss) before income taxes | 8,010,285 | (1,966,937) | 37,744,431 | 14,807,574 |
| Income tax expense (benefit) | 1,665,750 | (385,409) | 7,938,388 | 3,412,886 |
| Net income (loss) | 6,344,535 | (1,581,528) | 29,806,043 | 11,394,688 |
| Net income attributable to noncontrolling interests | (23,627) | (24,342) | (48,267) | (47,915) |
| Net income (loss) attributable to common shareholders | $ 6,320,908 | $ (1,605,870) | $ 29,757,776 | $ 11,346,773 |
| Amounts attributable to common shareholders | ||||
| Basic income (loss) per share (in Dollars per share) | $ 2.01 | $ (0.51) | $ 9.48 | $ 3.6 |
| Diluted income (loss) per share (in Dollars per share) | $ 2 | $ (0.51) | $ 9.42 | $ 3.6 |
| Basic weighted average shares outstanding (in Shares) | 3,138,781 | 3,153,773 | 3,140,092 | 3,155,152 |
| Diluted weighted average shares outstanding (in Shares) | 3,157,633 | 3,153,773 | 3,158,383 | 3,155,152 |