UTG, Inc.
UTGI
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UTG, Inc.
UTGI
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- Business
- UTG, Inc. (UTGI) operates as an insurance holding company focused on individual life insurance products and services throughout the United States; its principal subsidiary, Universal Guaranty Life Insurance Company (UG), administers existing in-force policies including fixed premium whole life insurance such as the Tradition policy, processes life insurance business for other entities, and offers reinsurance products; UTG also holds real estate investments through subsidiaries Cumberland Woodlands, LLC and Stanford Wilderness Road, LLC, primarily in the southeast United States. Founded in 1966 with origins tracing back to Universal Guaranty Life's establishment in Columbus, Ohio, the company, headquartered at 205 North Depot Street in Stanford, Kentucky since its 2016 relocation, has acquired numerous life insurance entities over decades, incorporating policies from carriers like Abraham Lincoln Insurance Company, Alliance Life Insurance Company, and others dating to the 1920s. In December 2024, UTG increased its ongoing equity buyback program from $1 million, continuing active share repurchases alongside regular earnings reports and minor board changes including the appointment and later resignation of April R. Chapman in 2024.