Utg Inc 10-Q for FY2026 Q1

Utg Inc (UTGN)

10-Q 2026-05-13 For: 2026-03-31

Added on May 14, 2026

About this 10-Q

Utg Inc filed this 10-Q on May 13, 2026, covering the quarter ended March 31, 2026 (FY2026 Q1).

Headline figures

Quarter ended March 31, 2026, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $36.49M; up 66.6% from $21.9M a year earlier
Net income: $23.44M; up 80.9% from net income of $12.95M a year earlier
Diluted EPS: $7.42; up 81.0% from $4.10 a year earlier

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	UTG, INC.
	(Exact name of registrant as specified in its charter)

Delaware		20-2907892
(State or other jurisdiction of		(I.R.S. Employer
incorporation or organization)		Identification No.)

	205 North Depot Street
	Stanford, KY 40484
	(Address of principal executive offices) (Zip Code)

Securities registered pursuant to Section 12(b) of the Act:
Title of each class	Name of each exchange on which registered
None	None

Large accelerated filer □	Accelerated filer □

Non-accelerated filer □	Smaller reporting company ☒

	Emerging growth company ☐

Part I. Financial Information	4
Item 1. Financial Statements	4
Condensed Consolidated Balance Sheets	4
Condensed Consolidated Statements of Operations	5
Condensed Consolidated Statements of Comprehensive Income	6
Condensed Consolidated Statements of Shareholders’ Equity	7
Condensed Consolidated Statements of Cash Flow	8
Notes to Condensed Consolidated Financial Statements	9
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	29
Item 4. Controls and Procedures	35
Part II. Other Information	35
Item 1. Legal Proceedings	35
Item 1A. Risk Factors	35
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	35
Item 3. Defaults Upon Senior Securities	35
Item 4. Mine Safety Disclosures	35
Item 5. Other Information	35
Item 6. Exhibits	35
Signatures	36


		March 31,		December 31,
		2026		2025*
ASSETS
Investments:
Investments, available for sale:
Fixed maturities, at fair value (amortized cost $74,330,976 and $74,900,990)	$	72,174,265	$	73,159,589
Equity securities, at fair value (cost $126,001,547 and $127,220,244)		288,877,911		265,704,230
Equity securities, at cost		13,664,543		20,510,250
Mortgage loans on real estate, at amortized cost (net of credit loss reserve of $210,000 and $220,000)		13,625,829		14,402,304
Investment real estate, net		32,593,252		33,087,699
Notes receivable (net of credit loss reserve of $130,000 and $135,000)		8,257,713		8,708,417
Policy loans		5,267,121		5,361,164
Short-term investments		7,390,012		9,808,824
Total investments		441,850,646		430,742,477
Cash and cash equivalents		46,771,832		30,536,972
Accrued investment income		1,142,164		1,129,139
Reinsurance receivables:
Future policy benefits		23,184,745		23,215,542
Policy claims and other benefits		6,667,722		4,015,191
Cost of insurance acquired		634,378		786,915
Income tax receivable		0		15,180
Other assets		1,141,112		927,165
Total assets	$	521,392,599	$	491,368,581

LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities:
Policy liabilities and accruals:
Future policyholder benefits	$	113,562,735	$	114,371,298
Policyholder account balances		91,720,214		92,921,066
Policy claims and benefits payable		6,208,011		3,456,000
Other policyholder funds		182,276		176,714
Dividend and endowment accumulations		14,490,086		14,568,544
Income taxes payable		1,506,100		0
Deferred income taxes		32,242,260		27,387,718
Other liabilities		4,911,254		5,794,974
Total liabilities		264,822,936		258,676,314
Shareholders' equity:
Common stock - no par value, stated value $0.001 per share. Authorized 7,000,000 shares - 3,140,682 and 3,142,470 shares outstanding		3,141		3,142
Additional paid-in capital		31,933,641		31,951,092
Retained earnings		221,852,934		198,416,066
Accumulated other comprehensive income		2,305,942		1,872,602
Total UTG shareholders' equity		256,095,658		232,242,902
Noncontrolling interest		474,005		449,365
Total shareholders' equity		256,569,663		232,692,267
Total liabilities and shareholders' equity	$	521,392,599	$	491,368,581


	Three Months Ended
		March 31,			March 31,
		2026			2025
Revenue:					(as restated)
Premiums and policy fees	$	1,796,689		$	1,914,317
Ceded reinsurance premiums and policy fees		(425,276	)		(462,313	)
Net investment income		3,295,336			3,118,736
Other income		64,606			66,181
Revenue before net investment gains		4,731,355			4,636,921
Net investment gains:
Other realized investment gains, net		3,548,793			975,769
Change in fair value of equity securities		28,213,466			16,290,482
Total net investment gains		31,762,259			17,266,251
Total revenue		36,493,614			21,903,172

Benefits and other expenses:
Benefits, claims and settlement expenses:
Life		6,830,388			3,175,746
Ceded reinsurance benefits and claims		(2,898,288	)		(616,386	)
Annuity		252,993			243,966
Dividends to policyholders		74,310			81,149
Commissions and amortization of deferred policy acquisition costs		(26,049	)		(29,690	)
Amortization of cost of insurance acquired		152,537			153,542
Operating expenses		2,373,577			2,120,334
Total benefits and other expenses		6,759,468			5,128,661

Income before income taxes		29,734,146			16,774,511
Income tax expense		6,272,638			3,798,295

Net income		23,461,508			12,976,216

Net income attributable to noncontrolling interests		(24,640	)		(23,573	)

Net income attributable to common shareholders	$	23,436,868		$	12,952,643

Amounts attributable to common shareholders
Basic income per share	$	7.46		$	4.10

Diluted income per share	$	7.42		$	4.10

Basic weighted average shares outstanding		3,141,417			3,156,550

Diluted weighted average shares outstanding		3,159,110			3,156,550

										Accumulated Other
					Additional Paid-In					Comprehensive				Total Shareholders'
Three Months Ended March 31, 2026		Common Stock			Capital			Retained Earnings		Income (Loss)		Noncontrolling Interest		Equity

Balance at January 1, 2026	$	3,142		$	31,951,092		$	198,416,066	$	1,872,602	$	449,365	$	232,692,267
Common stock issued during year		2			90,132			0		0		0		90,134
Treasury shares acquired and retired		(3	)		(195,770	)		0		0		0		(195,773	)
Stock-based compensation expense		0			88,187			0		0		0		88,187
Net income attributable to common shareholders		0			0			23,436,868		0		0		23,436,868
Other comprehensive income		0			0			0		433,340		0		433,340
Gain attributable to noncontrolling interest		0			0			0		0		24,640		24,640
Balance at March 31, 2026	$	3,141		$	31,933,641		$	221,852,934	$	2,305,942	$	474,005	$	256,569,663


		Original or Amortized		Gross Unrealized		Gross Unrealized
March 31, 2026		Cost		Gains		Losses			Fair Value
U.S. Government and govt. agencies and authorities	$	22,843,918	$	23,851	$	(159,801	)	$	22,707,968
U.S. special revenue and assessments		7,514,694		0		(99,155	)		7,415,539
All other corporate bonds		43,972,364		89,444		(2,011,050	)		42,050,758
Total fixed maturities, at fair value	$	74,330,976	$	113,295	$	(2,270,006	)	$	72,174,265


March 31, 2026		Amortized Cost		Fair Value
Due in one year or less	$	26,613,198	$	26,514,612
Due after one year through five years		25,184,612		25,021,098
Due after five years through ten years		7,960,994		7,498,425
Due after ten years		14,572,172		13,140,130
Total	$	74,330,976	$	72,174,265


March 31, 2026	Less than 12 months					12 months or longer					Total
		Fair value		Unrealized losses			Fair value		Unrealized losses			Fair value		Unrealized losses
U.S. Government and govt. agencies and authorities	$	5,667,112	$	(36,513	)	$	6,987,201	$	(123,288	)	$	12,654,313	$	(159,801	)
U.S. special revenue and assessments		0		0			7,415,539		(99,155	)		7,415,539		(99,155	)
All other corporate bonds		2,059,175		(13,172	)		33,390,720		(1,997,878	)		35,449,895		(2,011,050	)
Total fixed maturities	$	7,726,287	$	(49,685	)	$	47,793,460	$	(2,220,321	)	$	55,519,747	$	(2,270,006	)


December 31, 2025	Less than 12 months					12 months or longer					Total
		Fair value		Unrealized losses			Fair value		Unrealized losses			Fair value		Unrealized losses
U.S. Government and govt. agencies and authorities	$	996,280	$	(2,040	)	$	8,663,797	$	(146,846	)	$	9,660,077	$	(148,886	)
U.S. special revenue and assessments		0		0			7,453,922		(62,399	)		7,453,922		(62,399	)
All other corporate bonds		0		0			34,265,250		(1,738,501	)		34,265,250		(1,738,501	)
Total fixed maturities	$	996,280	$	(2,040	)	$	50,382,969	$	(1,947,746	)	$	51,379,249	$	(1,949,786	)


		March 31, 2026			December 31, 2025
Unrealized appreciation (depreciation) on available-for-sale securities	$	(2,156,711	)	$	(1,741,400	)
Deferred income taxes		452,909			365,693
Net unrealized appreciation (depreciation) on available-for-sale securities	$	(1,703,802	)	$	(1,375,707	)


	2026					2025
		Maximum rate		Minimum rate			Maximum rate		Minimum rate
Farm Loans		8.00	%	8.00	%		8.00	%	8.00	%
Commercial Loans		10.00	%	4.40	%		10.00	%	4.40	%
Residential Loans		5.00	%	4.15	%		5.00	%	4.15	%


		March 31, 2026		December 31, 2025
In good standing	$	13,625,829	$	14,402,304
Total mortgage loans	$	13,625,829	$	14,402,304


		March 31, 2026			December 31, 2025
Farm	$	311,780		$	311,780
Commercial		12,152,977			12,928,334
Residential		1,371,072			1,382,190
Total mortgage loans		13,835,829			14,622,304
Less allowance for credit losses		(210,000	)		(220,000	)
Total mortgage loans, net	$	13,625,829		$	14,402,304

	Allowance For Credit Losses
		Mortgage		Notes		Unfunded
		Loans		Receivable		Commitments			Total
January 1, 2025	$	235,000		195,000		50,000		$	480,000
2025 Change in allowance		(15,000	)	(60,000	)	(20,000	)		(95,000	)
December 31, 2025		220,000		135,000		30,000			385,000
2026 Change in allowance		(10,000	)	(5,000	)	(5,000	)		(20,000	)
March 31, 2026	$	210,000		130,000		25,000		$	365,000

				Investments in
		Investments in		Limited Liability
		Common Stocks		Companies			Total
Balance at December 31, 2024	$	3,064,983	$	82,654,596		$	85,719,579
Unrealized gains		303,765		4,146,711			4,450,476
Sales		0		(990,872	)		(990,872	)
Balance at December 31, 2025		3,368,748		85,810,435			89,179,183
Unrealized gains (losses)		204,229		(242,992	)		(38,763	)
Balance at March 31, 2026	$	3,572,977	$	85,567,443		$	89,140,420


		Fair Value at		Fair Value at
Financial Assets		March 31, 2026		December 31, 2025	Valuation Technique
Limited liability companies	$	85,567,443	$	85,810,435	Pricing Model
Common stocks		3,572,977		3,368,748	Pricing Model
Total	$	89,140,420	$	89,179,183


March 31, 2026	Traditional Premium Paying						Traditional Limited Pay						Total
		Present Value of Net Premiums			Present Value of Benefits			Present Value of Net Premiums			Present Value of Benefits			Present Value of Net Premiums			Present Value of Benefits
Balance, beginning of year	$	3,971,915		$	21,601,667		$	(10,695,983	)	$	28,599,439		$	(6,724,068	)	$	50,201,106
Beginning balance at original discount rate		4,193,882			22,968,581			(11,298,224	)		30,964,035			(7,104,342	)		53,932,616
Effect of changes in CF considerations		804,625			1,146,539			2,412,098			2,759,828			3,216,723			3,906,367
Effect of actual variances from expected		(123,404	)		(182,893	)		(163,991	)		(201,740	)		(287,395	)		(384,633	)

Adjusted beginning of period balance		4,875,103			23,932,227			(9,050,117	)		33,522,123			(4,175,014	)		57,454,350
New issuances		-			-			-			-			-			-
Interest accrual		301,005			2,025,061			699,261			1,536,997			1,000,266			3,562,058
Premiums		(244,724	)		-			(8,309	)		-			(253,033	)		-
Benefit Payments		-			(1,980,822	)		-			(1,350,001	)		-			(3,330,823	)

Ending balance at original discount rate		4,931,384			23,976,466			(8,359,165	)		33,709,119			(3,427,781	)		57,685,585
Effect of changes in discount rate		(314,063	)		(1,702,940	)		529,586			(3,157,162	)		215,523			(4,860,102	)

Balance, end of year	$	4,617,321		$	22,273,526		$	(7,829,579	)	$	30,551,957		$	(3,212,258	)	$	52,825,483

Net liability for future policy benefits	$17,656,205						$38,381,536						$56,037,741

Deferred profit liability	$0						$1,169,982						$1,169,982


		March 31, 2026			December 31, 2025
Notes receivable	$	8,387,713		$	8,843,417
Less allowance for credit losses		(130,000	)		(135,000	)
Total notes receivable, net	$	8,257,713		$	8,708,417


		March 31, 2026		December 31, 2025
Raw land	$	16,754,842	$	16,754,842
Commercial		6,200,264		6,245,872
Residential		1,889,084		1,897,744
Land, minerals and royalty interests		7,749,062		8,189,241
Total investment real estate	$	32,593,252	$	33,087,699


March 31, 2026		Level 1		Level 2		Level 3		Total
Fixed maturity securities:
U.S. Government and government agencies and authorities	$	22,707,968	$	0	$	0	$	22,707,968
U.S. special revenue and assessments		0		7,415,539		0		7,415,539
Corporate securities		0		42,050,758		0		42,050,758
Total fixed maturities		22,707,968		49,466,297		0		72,174,265
Equity securities:
Common stocks		79,362,164		5,415,600		3,572,977		88,350,741
Limited liability companies		0		0		85,567,443		85,567,443
Total equity securities		79,362,164		5,415,600		89,140,420		173,918,184
Short-term investments		7,390,012		0		0		7,390,012
Total financial assets	$	109,460,144	$	54,881,897	$	89,140,420	$	253,482,461

		Carrying		Estimated
March 31, 2026		Amount		Fair Value		Level 1		Level 2		Level 3
Assets
Equity securities, at cost	$	13,664,543	$	13,664,543	$	0	$	0	$	13,664,543
Mortgage loans on real estate		13,625,829		13,125,011		0		0		13,125,011
Notes receivable		8,257,713		8,254,172		0		0		8,254,172
Policy loans		5,267,121		5,267,121		0		0		5,267,121
Accrued investment income		1,142,164		1,142,164		0		0		1,142,164

Liabilities
Policy claims and benefits payable		6,208,011		6,208,011		0		0		6,208,011
Dividend and endowment accumulations		14,490,086		14,490,086		0		0		14,490,086


March 31, 2025	Traditional Premium Paying						Traditional Limited Pay						Total
		Present Value of Net Premiums			Present Value of Benefits			Present Value of Net Premiums			Present Value of Benefits			Present Value of Net Premiums			Present Value of Benefits
Balance, beginning of year		4,293,082			22,118,278			(12,243,574	)		26,826,750			(7,950,492	)		48,945,028
Beginning balance at original discount rate		4,711,513			24,563,973			(13,416,148	)		30,636,495			(8,704,635	)		55,200,468
Effect of changes in CF considerations		-			-			-			-			-			-
Effect of actual variances from expected		(262,585	)		(280,702	)		682,111			745,613			419,526			464,911

Adjusted beginning of period balance		4,448,928			24,283,271			(12,734,037	)		31,382,108			(8,285,109	)		55,665,379
New issuances		-			-			-			-			-			-
Interest accrual		958,415			1,062,781			290,511			(70,475	)		1,248,926			992,306
Premiums		(167,360	)		-			(8,009	)		-			(175,369	)		-
Benefit Payments		-			(583,546	)		-			(391,763	)		-			(975,309	)

Ending balance at original discount rate		5,239,983			24,762,506			(12,451,535	)		30,919,870			(7,211,552	)		55,682,376
Effect of changes in discount rate		(369,914	)		(1,970,584	)		867,412			(3,150,783	)		497,498			(5,121,367	)

Balance, end of year	$	4,870,069		$	22,791,922		$	(11,584,123	)	$	27,769,087		$	(6,714,054	)	$	50,561,009

Net liability for future policy benefits	$17,921,853						$39,353,210						$57,275,063

Deferred profit liability	$0						$749,626						$749,626


		Undiscounted		Original Present Value		Current Present Value
March 31, 2026
Gross premiums	$	11,632,160	$	8,697,920	$	8,144,074
Benefits		84,540,332		57,685,586		52,825,483
March 31, 2025
Gross premiums	$	15,211,817	$	11,037,712	$	10,258,479
Benefits		84,280,896		55,682,375		50,561,008


	March 31, 2026		March 31, 2025
Original discount rate	3.92	%	3.92	%
Current discount rate	5.00	%	5.01	%

	March 31, 2026	March 31, 2025
Original duration of the liability in years	8.82	9.59
Current duration of the liability in years	8.28	9.01

March 31, 2026		Amount Inforce		Mortality			Lapsation			Maturity			Total Benefits
Expected	$	156,387,760	$	925,776		$	220,089		$	49,639		$	1,195,504
Expected rate				0.59	%		0.14	%		0.03	%		0.76	%
Actual	$	156,758,780	$	719,052		$	282,305		$	74,625		$	1,075,982
Actual rate				0.46	%		0.18	%		0.05	%		0.69	%
Actual to expected ratio				77.67	%		128.27	%		150.34	%		90.00	%

March 31, 2025		Amount Inforce		Mortality			Lapsation			Maturity			Total Benefits
Expected	$	163,647,604	$	911,463		$	228,670		$	59,704		$	1,199,837
Expected rate				0.56	%		0.14	%		0.04	%		0.74	%
Actual	$	163,667,836	$	975,310		$	277,491		$	64,437		$	1,317,238
Actual rate				0.60	%		0.17	%		0.04	%		0.81	%
Actual to expected ratio				107.00	%		121.35	%		107.93	%		109.78	%

March 31, 2026		At Guaranteed Minimum		1 Basis Point to 50 Basis Points Above Guaranteed Minimum		51 Basis Point to 150 Basis Points Above Guaranteed Minimum		Greater Than 150 Basis Points Above Guaranteed Minimum		Total
Less than 2.00%	$	749,191	$	-	$	-	$	-	$	749,191
2.00% to 2.99%		195,584		-		-		-		195,584
3.00% to 3.99%		5,328,031		-		-		-		5,328,031
Greater than 4.00%		67,363,713		215,159		17,868,536		-		85,447,408
Total	$	73,636,519	$	215,159	$	17,868,536	$	-	$	91,720,214

	March 31, 2026						March 31, 2025
		Universal Life			Annuity			Universal Life			Annuity
Balance, beginning of year	$	68,151,712		$	24,769,354		$	69,836,708		$	25,403,323
Issuances		0			0			0			0
Premiums received		932,906			38,984			942,635			45,710
Policy charges		(1,276,125	)		0			(1,312,558	)		0
Benefit payments		(1,051,559	)		(349,404	)		(586,098	)		(161,205	)
Surrenders and withdrawals		(222,741	)		(124,796	)		(118,885	)		(308,991	)
Interest Credited		579,064			272,819			556,086			285,914

Balance, end of year	$	67,113,257		$	24,606,957		$	69,317,888		$	25,264,751

Weighted average crediting rate		4.45	%		4.01	%		4.42	%		4.02	%

Cash surrender value	$	52,901,113		$	24,592,609		$	55,118,128		$	25,247,675

				Weighted average
			Weighted	remaining		Aggregate
	Number of		average exercise	contractual		intrinsic value
	options		price	life (years)		(1)
Outstanding at December 31, 2025	96,250	$	45	8.89	$	-
Granted	-		-	-		-
Outstanding at March 31, 2026	96,250		44.69	8.64		-
Exercisable at March 31, 2026	-	$	-	-	$	-

	2025
Expected volatility	31.90	%
Weighted-average risk-free interest rate	3.84	%
Expected dividend yield	0	%
Expected term (in years)	5.0 - 7.5


		Land, Minerals &
March 31, 2026		Royalty Interests		Exploration		Total
Fixed maturities, at fair value	$	0	$	1,046,210	$	1,046,210
Equity securities, at fair value		157,498,921		0		157,498,921
Equity securities, at cost		3,696,763		0		3,696,763
Investment real estate		9,438,515		0		9,438,515
Notes receivable		1,875,000		0		1,875,000
Total	$	172,509,199	$	1,046,210	$	173,555,409

		As Previously
March 31, 2025		Reported			Adjustments			As Restated
Consolidated Balance Sheets
Future policy benefits	$	216,786,456		$	(101,318,625	)	$	115,467,831
Policyholder account balances		0			94,582,639			94,582,639
Deferred income taxes		26,968,767			1,414,557			28,383,324
Retained earnings		193,406,264			882,526			194,288,790
Accumulated other comprehensive income (loss)		(2,213,770	)		4,438,903			2,225,133


Consolidated Statements of Operations
Benefits, claims and settlement expenses: Life	$	3,401,007		$	(225,261	)	$	3,175,746
Income tax expense		3,750,990			47,305			3,798,295
Net income attributable to common shareholders		12,774,687			177,956			12,952,643
Basic income per share		4.05			0.05			4.10
Diluted income per share		4.05			0.05			4.10


Consolidated Statements of Comprehensive Income (Loss)
Net income	$	12,798,260		$	177,956		$	12,976,216
Subtotal: Other comprehensive income (loss), net of tax		728,543			(1,098,666	)		(370,123	)
Comprehensive income (loss) attributable to UTG, Inc.		13,503,230			(920,710	)		12,582,520


Consolidated Statements of Cash Flows
Net income	$	12,798,260		$	177,956		$	12,976,216
Provision for deferred income tax expense		3,703,042			47,305			3,750,347
Change in policy liabilities and accruals		(1,298,156	)		(225,261	)		(1,523,417	)


	Three Months Ended March 31,
		2026			2025

Fixed maturities available for sale	$	643,462		$	688,530
Held to maturity redeemable preferred stock		0			40,719
Equity securities		1,475,242			725,607
Mortgage loans		206,182			220,927
Real estate		1,524,438			1,665,122
Notes receivable		103,074			310,929
Policy loans		81,686			91,506
Short-term		81,187			22,406
Cash and cash equivalents		290,269			404,644
Total consolidated investment income		4,405,540			4,170,390
Investment expenses		(1,110,204	)		(1,051,654	)
Consolidated net investment income	$	3,295,336		$	3,118,736


		2026	As a % of Total Investments		As a % of Total Assets
Fixed maturities available for sale	$	72,174,265	16	%	14	%
Equity securities, at fair value		288,877,911	66	%	55	%
Equity securities, at cost		13,664,543	3	%	3	%
Mortgage loans		13,625,829	3	%	3	%
Real estate		32,593,252	7	%	6	%
Notes receivable		8,257,713	2	%	2	%
Policy loans		5,267,121	1	%	1	%
Short-term investments		7,390,012	2	%	1	%
Total investments	$	441,850,646	100	%	85	%


Exhibit Number	Description
*31.1	Certification of Jesse T. Correll, Chief Executive Officer and Chairman of the Board of UTG, as required pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
*31.2	Certification of Theodore C. Miller, Chief Financial Officer and Senior Vice President of UTG, as required pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
*32.1	Certificate of Jesse T. Correll, Chief Executive Officer and Chairman of the Board of UTG, as required pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
*32.2	Certificate of Theodore C. Miller, Chief Financial Officer and Senior Vice President of UTG, as required pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101	The following financial statements from the Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, formatted in Inline Extensible Business Reporting Language (iXBRL): (i) Condensed Consolidated Balance Sheets, (ii) Condensed Consolidated Statements of Operations, (iii) Condensed Consolidated Statements of Comprehensive Income, (iv) Condensed Consolidated Statements of Shareholders' Equity, (v) Condensed Consolidated Statements of Cash Flows and (vi) Notes to the Condensed Consolidated Financial Statements (detail tagged).
104	Cover Page Interactive Data File (formatted in iXBRL and included in exhibit 101).

Date:	May 13, 2026	By	/s/ Jesse T. Correll
			Jesse T. Correll
			Chairman of the Board, Chief Executive Officer, President and Director (Principal Executive Officer)

Date:	May 13, 2026	By	/s/ Theodore C. Miller
			Theodore C. Miller
			Chief Financial Officer and Senior Vice President (Principal Financial and Accounting Officer)