UTG Inc
UTG, Inc., an insurance holding company, provides individual life insurance products and services in the United States. Its individual life insurance includes the servicing of existing insurance business in-force; the acquisition of other companies in the insurance business; and the administration processing of life insurance business for other entities. In addition, the company offers reinsuranc… Read more
UTG Inc (UTGN) - Net Assets
Latest net assets as of September 2025: $232.88 Million USD
Based on the latest financial reports, UTG Inc (UTGN) has net assets worth $232.88 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($499.61 Million) and total liabilities ($266.72 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $232.88 Million |
| % of Total Assets | 46.61% |
| Annual Growth Rate | 5.07% |
| 5-Year Change | 53.56% |
| 10-Year Change | 173.54% |
| Growth Volatility | 33.75 |
UTG Inc - Net Assets Trend (1995–2024)
This chart illustrates how UTG Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for UTG Inc (1995–2024)
The table below shows the annual net assets of UTG Inc from 1995 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $210.59 Million | +30.25% |
| 2023-12-31 | $161.69 Million | +2.32% |
| 2022-12-31 | $158.03 Million | +11.88% |
| 2021-12-31 | $141.24 Million | +2.99% |
| 2020-12-31 | $137.14 Million | -14.97% |
| 2019-12-31 | $161.29 Million | +50.63% |
| 2018-12-31 | $107.08 Million | -3.04% |
| 2017-12-31 | $110.43 Million | +17.10% |
| 2016-12-31 | $94.30 Million | +22.49% |
| 2015-12-31 | $76.99 Million | -31.79% |
| 2014-12-31 | $112.86 Million | +44.94% |
| 2013-12-31 | $77.87 Million | -29.64% |
| 2012-12-31 | $110.67 Million | +46.03% |
| 2011-12-31 | $75.79 Million | +16.36% |
| 2010-12-31 | $65.13 Million | +20.48% |
| 2009-12-31 | $54.06 Million | -8.83% |
| 2008-12-31 | $59.30 Million | -5.86% |
| 2007-12-31 | $62.99 Million | -2.41% |
| 2006-12-31 | $64.54 Million | +16.87% |
| 2005-12-31 | $55.23 Million | +9.19% |
| 2004-12-31 | $50.58 Million | +13.54% |
| 2003-12-31 | $44.55 Million | -7.81% |
| 2002-12-31 | $48.32 Million | -7.03% |
| 2001-12-31 | $51.98 Million | +11.27% |
| 2000-12-31 | $46.71 Million | -- |
| 1999-12-31 | $0.00 | -- |
| 1998-12-31 | $1.21 Million | -97.08% |
| 1997-12-31 | $41.60 Million | -13.07% |
| 1996-12-31 | $47.86 Million | -4.59% |
| 1995-12-31 | $50.16 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to UTG Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 49822.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $180.63 Million | 85.96% |
| Common Stock | $3.16K | 0.00% |
| Other Comprehensive Income | $-2.94 Million | -1.40% |
| Other Components | $32.44 Million | 15.44% |
| Total Equity | $210.13 Million | 100.00% |
UTG Inc Competitors by Market Cap
The table below lists competitors of UTG Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Technicolor SA
F:TNM2
|
$26.23 Million |
|
Thai Reinsurance Public Company Limited
BK:THRE
|
$26.24 Million |
|
Manaksia Coated Metals & Industries Limited
NSE:MANAKCOAT
|
$26.24 Million |
|
HERITAGE GLOBAL DL-007
F:LGC
|
$26.26 Million |
|
Shin Foong Specialty and Applied Materials Co
TW:6582
|
$26.23 Million |
|
Grand Baoxin Auto Group Limited
PINK:GBXXY
|
$26.22 Million |
|
Quonia SOCIMI SA
MC:YQUO
|
$26.22 Million |
|
J8D0
F:J8D0
|
$26.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in UTG Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 161,226,464 to 210,134,909, a change of 48,908,445 (30.3%).
- Net income of 49,301,515 contributed positively to equity growth.
- Share repurchases of 648,152 reduced equity.
- Other comprehensive income decreased equity by 221,731.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $49.30 Million | +23.46% |
| Share Repurchases | $648.15K | -0.31% |
| Other Comprehensive Income | $-221.73K | -0.11% |
| Other Changes | $476.81K | +0.23% |
| Total Change | $- | 30.34% |
Book Value vs Market Value Analysis
This analysis compares UTG Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.50x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 3.29x to 0.50x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | $10.19 | $33.50 | x |
| 1996-12-31 | $9.64 | $33.50 | x |
| 1997-12-31 | $8.66 | $33.50 | x |
| 1998-12-31 | $10.18 | $33.50 | x |
| 1999-12-31 | $15.32 | $33.50 | x |
| 2000-12-31 | $11.41 | $33.50 | x |
| 2001-12-31 | $11.65 | $33.50 | x |
| 2002-12-31 | $11.88 | $33.50 | x |
| 2003-12-31 | $10.34 | $33.50 | x |
| 2004-12-31 | $11.15 | $33.50 | x |
| 2005-12-31 | $11.00 | $33.50 | x |
| 2006-12-31 | $11.63 | $33.50 | x |
| 2007-12-31 | $12.66 | $33.50 | x |
| 2008-12-31 | $12.03 | $33.50 | x |
| 2009-12-31 | $10.63 | $33.50 | x |
| 2010-12-31 | $13.28 | $33.50 | x |
| 2011-12-31 | $18.17 | $33.50 | x |
| 2012-12-31 | $19.93 | $33.50 | x |
| 2013-12-31 | $19.19 | $33.50 | x |
| 2014-12-31 | $21.90 | $33.50 | x |
| 2015-12-31 | $20.22 | $33.50 | x |
| 2016-12-31 | $26.14 | $33.50 | x |
| 2017-12-31 | $32.73 | $33.50 | x |
| 2018-12-31 | $32.15 | $33.50 | x |
| 2019-12-31 | $39.86 | $33.50 | x |
| 2020-12-31 | $42.27 | $33.50 | x |
| 2021-12-31 | $44.38 | $33.50 | x |
| 2022-12-31 | $49.74 | $33.50 | x |
| 2023-12-31 | $50.75 | $33.50 | x |
| 2024-12-31 | $66.38 | $33.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently UTG Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 23.46%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 57.99%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 2.27x
- Recent ROE (23.46%) is above the historical average (3.57%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | -15.78% | -6.02% | 0.14x | 18.74x | $-4.90 Million |
| 1996 | -5.21% | -2.00% | 0.13x | 19.73x | $-2.74 Million |
| 1997 | -3.64% | -1.27% | 0.13x | 22.75x | $-2.09 Million |
| 1998 | -2.68% | -1.66% | 0.12x | 13.56x | $-3.22 Million |
| 1999 | 2.48% | 2.98% | 0.11x | 7.81x | $-3.26 Million |
| 2000 | -1.49% | -1.95% | 0.11x | 7.13x | $-5.37 Million |
| 2001 | 5.22% | 6.93% | 0.10x | 7.44x | $-2.11 Million |
| 2002 | 2.81% | 4.44% | 0.09x | 6.70x | $-3.42 Million |
| 2003 | -16.11% | -24.15% | 0.09x | 7.85x | $-10.37 Million |
| 2004 | -0.62% | -1.08% | 0.08x | 7.15x | $-4.72 Million |
| 2005 | 2.91% | 4.59% | 0.09x | 7.36x | $-3.07 Million |
| 2006 | 8.59% | 10.30% | 0.08x | 10.72x | $-632.92K |
| 2007 | 4.39% | 5.51% | 0.08x | 9.72x | $-2.73 Million |
| 2008 | 1.41% | 1.86% | 0.08x | 9.90x | $-3.97 Million |
| 2009 | -10.50% | -14.92% | 0.07x | 10.56x | $-8.37 Million |
| 2010 | 14.76% | 19.76% | 0.09x | 8.58x | $2.45 Million |
| 2011 | 9.09% | 17.59% | 0.10x | 5.29x | $-633.32K |
| 2012 | 12.20% | 20.46% | 0.10x | 5.81x | $1.67 Million |
| 2013 | 4.47% | 9.45% | 0.08x | 5.74x | $-4.02 Million |
| 2014 | 8.49% | 16.15% | 0.11x | 4.87x | $-1.24 Million |
| 2015 | 1.22% | 3.17% | 0.08x | 5.04x | $-6.57 Million |
| 2016 | 1.26% | 4.18% | 0.07x | 4.35x | $-8.08 Million |
| 2017 | 4.39% | 16.66% | 0.07x | 3.71x | $-6.14 Million |
| 2018 | 11.65% | 29.91% | 0.10x | 3.72x | $1.76 Million |
| 2019 | 12.42% | 36.71% | 0.11x | 3.20x | $3.17 Million |
| 2020 | 1.53% | 7.63% | 0.07x | 3.07x | $-11.58 Million |
| 2021 | 6.86% | 27.04% | 0.08x | 3.11x | $-4.41 Million |
| 2022 | 21.74% | 49.06% | 0.16x | 2.84x | $18.50 Million |
| 2023 | 1.65% | 10.06% | 0.06x | 2.74x | $-13.47 Million |
| 2024 | 23.46% | 57.99% | 0.18x | 2.27x | $28.29 Million |
Industry Comparison
This section compares UTG Inc's net assets metrics with peer companies in the Insurance - Life industry.
Industry Context
- Industry: Insurance - Life
- Average net assets among peers: $52,810,304,913
- Average return on equity (ROE) among peers: 25.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| UTG Inc (UTGN) | $232.88 Million | -15.78% | 1.15x | $26.23 Million |
| AIA Group Ltd (AAIGF) | $181.58 Billion | 2.29% | 0.02x | $75.83 Billion |
| Atlantic American Corporation (AAME) | $31.80 Million | 29.56% | 5.46x | $10.89 Million |
| Abacus Life Inc. (ABL) | $766.89K | 130.06% | 1.40x | $276.35 Million |
| Abacus Global Management, Inc. (ABX) | $1.30 Million | 50.90% | 0.12x | $92.43K |
| Aflac Incorporated (AFL) | $1.75 Billion | 16.71% | 10.58x | $56.35 Billion |
| Anadolu Hayat Emeklilik Anonim Sirketi (AUHYF) | $1.88 Billion | 37.14% | 26.33x | $90.55 Million |
| Brighthouse Financial Inc (BHF) | $14.86 Billion | -19.78% | 13.93x | $3.36 Billion |
| Challenger Limited (CFIGF) | $3.25 Billion | -12.80% | 7.79x | $1.66 Billion |
| Citizens Inc (CIA) | $28.30 Million | 19.53% | 3.74x | $217.00 Million |
| China Life Insurance Co Ltd (CILJF) | $324.71 Billion | 0.30% | 0.01x | $16.34 Billion |