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Utg Inc  (UTGN)
Other Ticker:  
 
    Sector  Financial    Industry Life Insurance
   Industry Life Insurance
   Sector  Financial

Utg Inc's

Competitiveness


 

UTGN Sales vs. its Competitors Q1 2020



Comparing the results to its competitors, Utg Inc reported Total Revenue decrease in the 1 quarter 2020 year on year by 0 %, despite revenue increase by most of its competitors of 0.42 %, recorded in the same quarter.

List of UTGN Competitors





Revenue Growth Comparisons




Net Income Comparison


Utg Inc recorded net loss , as well as most of its competitors.

<<  More on UTGN Income Comparisons


Utg Inc's Comment on Competitors and Industry Peers


The insurance business is a highly competitive industry and there are a number of other companies, both stock and mutual, doing business in areas where the Company operates. Many of these competing insurers are larger, have more diversified and established lines of insurance coverage, have substantially greater financial resources and brand recognition, as well as a greater number of agents. Other significant competitive factors in the insurance industry include policyholder benefits, service to policyholders, and premium rates.

In recent years, the Company has not placed an emphasis on new business production. Costs associated with supporting new business can be significant. Current sales primarily represent sales to existing customers through additional insurance needs or conservation efforts. The Company currently encourages policy retention as opposed to new sales in an attempt to maintain or improve current persistency levels.

The Company performs administrative work as a third party administrator (TPA) for unaffiliated life insurance companies. The Company intends to continue to pursue other TPA arrangements. The Company provides TPA services to insurance companies seeking business process outsourcing solutions. Management believes the Company is positioned to generate additional revenues by utilizing the Company's current excess capacity and administrative services.

 





*Market share is not actual measurement, only performance comparison of companies which report and operate within the same segment.


UTGN's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME TICKER MARKET CAP REVENUES INCOME EMPLOYEES
Utg Inc UTGN 95 10 -10 42
Aflac Incorporated AFL 29,730 21,812 2,942 9,235
Allstate Corp ALL 34,453 44,675 4,847 38,800
Aon Plc AON 46,991 11,097 1,688 69,000
Truist Financial Corporation TFC 56,840 13,928 3,502 0
Cincinnati Financial Corporation CINF 11,230 7,924 1,997 4,305
Lincoln National Corporation LNC 16,529 17,717 686 9,627
Metlife Inc MET 37,842 71,628 8,925 66,000
Principal Financial Group inc PFG 13,064 17,030 1,277 14,873
Prudential Financial Inc PRU 26,891 63,180 3,031 48,331
Safeco Corporation SAFC 0 0 0 0
Unum Group UNM 3,858 11,882 980 9,500
Cigna Corporation CI 79,194 154,089 4,937 37,200
Aetna Inc AET 70,069 60,705 3,503 48,800
Mbia Inc MBI 548 224 -675 252
The Hartford Financial Services Group Inc HIG 17,209 19,776 1,672 17,500
Loews Corp L 11,318 14,273 -569 17,510
Xl Group Ltd XL 15,041 11,388 -543 4,663
Genworth Financial Inc GNW 1,705 8,051 228 5,300
Berkshire Hathaway Inc BRKA 467,194 255,203 10,363 0
Firstmerit Corp FMER 0 956 185 4,112
International Bancshares Corporation IBOC 2,056 553 188 2,822
Mb Financial Inc MBFI 3,598 955 331 2,980
Old National Bancorp ONB 2,470 791 205 2,652
Trustmark Corp TRMK 1,572 607 139 2,941
Investors Heritage Capital Corp IHRC 49 63 1 1
Security National Financial Corporation SNFCA 119 301 10 1,271
American Independence Corp. AMIC 0 0 0 268
Atlantic American Corp AAME 37 183 -13 147
Cno Financial Group Inc CNO 2,266 3,710 336 3,500
Triple s Management Corp GTS 459 3,409 32 3,257
Partnerre Ltd PRE 0 7,876 937 1,035
American National Insurance Co ANAT 2,224 3,316 154 4,736
Citizens Inc CIA 297 244 -1 620
Fbl Financial Group Inc FFG 941 706 -37 1,637
Fidelity & Guaranty Life FGL 1,532 1,585 243 220
First Trinity Financial Corp FTFC 0 51 5 9
Kansas City Life Insurance Co KCLI 317 484 30 436
National Security Group Inc NSEC 39 65 1 1
National Western Life Group Inc NWLI 714 654 89 261
Protective Life Corporation PL 0 5,799 457 2,541
Phoenix Companies Inc PNX 0 0 0 630
Symetra Financial Corporation SYA 0 2,111 210 1,400
Voya Financial Inc VOYA 6,878 6,964 -452 7,000
China United Insurance Service Inc CUII 88 105 3 2,239
Horace Mann Educators Corporation HMN 1,600 1,425 171 1,350
Onebeacon Insurance Group, Ltd. OB 1,734 1,242 147 1,150
united Fire Group Inc UFCS 726 1,073 -102 1,057
White Mountains Insurance Group ltd WTM 2,796 401 -369 2,973
Midwest Holding Inc MIDH 0 27 17 19
SUBTOTAL 972,314 850,246 51,700 454,203


       
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