UTG (UTGN) Scaled Net Operating Assets : 0.04 (As of Mar. 2024)

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What is UTG Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

UTG's operating assets for the quarter that ended in Mar. 2024 was $279.28 Mil. UTG's operating liabilities for the quarter that ended in Mar. 2024 was $260.88 Mil. UTG's Total Assets for the quarter that ended in Dec. 2023 was $441.71 Mil. Therefore, UTG's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.04.

UTG Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

UTG's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(400.524	-	261.019)	/	447.534
=	0.31

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	441.709	-	41.185
=	400.524

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	280.019	-	19	-	0
=	261.019

UTG's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(279.277	-	260.882)	/	441.709
=	0.04

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	430.8	-	151.523
=	279.277

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	260.882	-	0	-	0
=	260.882

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

UTG Scaled Net Operating Assets Related Terms

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UTG (UTGN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » UTG Inc (OTCPK:UTGN) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

205 North Depot Street, Stanford, KY, USA, 40484

Website

https://www.utgins.com

UTG Inc operates as a life insurance holding company. The company's primary business is individual life insurance which includes the servicing of existing insurance business in force and the acquisition of other companies in the insurance business and administration processing of life insurance business for other entities. Its product offering is the Tradition policy which is a fixed premium whole life insurance policy. Premiums are level and payable for life. Issue ages are 0-75. The second is the annuity product, which is a five-year, single premium product. The company's investment portfolio consists of fixed maturities, equity securities, trading securities, mortgage loans, notes receivable and real estate to provide funding for future policy contractual obligations.

Executives

Daniel T Roberts	officer: Vice President	205 NORTH DEPOT STREET, STANFORD KY 40484
Jesse T Correll	director, 10 percent owner, officer: Chairman & CEO
Bradley John Betack	officer: Secretary	205 NORTH DEPOT STREET, STANFORD KY 40484
John Cortines	director	205 NORTH DEPOT STREET, STANFORD KY 40484
Preston Howard Correll	director	205 NORTH DEPOT STREET, STANFORD KY 40484
April Chapman	director	205 NORTH DEPOT STREET, STANFORD KY 40484
First Southern Funding Llc	10 percent owner
Cumberland Lake Shell Inc	10 percent owner	PO BOX 430, SOMERSET KY 42502
Kirk A. Correll	10 percent owner	P.O. BOX 328, 99 LANCASTER STREET, STANFORD KY 40484
Estate Of Ward F. Correll	10 percent owner	P.O. BOX 328, 99 LANCASTER STREET, STANFORD KY 40484
James Patrick Rousey	director, officer: President	5250 SOUTH SIXTH STREET, SPRINGFIELD IL 62703
Douglas Paul Ditto	officer: Vice President	5250 SOUTH SIXTH STREET, SPRINGFIELD IL 62703
Thomas Eugene Harmon	director	5250 SOUTH SIXTH STREET, SPRINGFIELD IL 62703
Gabriel John Molnar	director	12910 SHELBYVILLE RD #200, LOUISVILLE KY 40243
Brian J Crall	director	101 PORTSMOUTH LANE, FRANKFORT KY 40601