UTG Management
Management criteria checks 3/4
UTG's CEO is Jess Correll, appointed in Jan 2000, has a tenure of 24.33 years. total yearly compensation is $520.55K, comprised of 41.8% salary and 58.2% bonuses, including company stock and options. directly owns 2.57% of the company’s shares, worth $2.45M. The average tenure of the management team and the board of directors is 14 years and 6.9 years respectively.
Key information
Jess Correll
Chief executive officer
US$520.6k
Total compensation
| CEO salary percentage | 41.8% |
| CEO tenure | 24.3yrs |
| CEO ownership | 2.6% |
| Management average tenure | 14yrs |
| Board average tenure | 6.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$521k | n/a | US$2m |
| Sep 30 2023 | n/a | n/a | US$16m |
| Jun 30 2023 | n/a | n/a | US$19m |
| Mar 31 2023 | n/a | n/a | US$18m |
| Dec 31 2022 | US$429k | US$218k | US$34m |
| Sep 30 2022 | n/a | n/a | US$19m |
| Jun 30 2022 | n/a | n/a | US$2m |
| Mar 31 2022 | n/a | n/a | US$5m |
| Dec 31 2021 | US$353k | US$195k | US$10m |
| Sep 30 2021 | n/a | n/a | US$15m |
| Jun 30 2021 | n/a | n/a | US$21m |
| Mar 31 2021 | n/a | n/a | US$31m |
| Dec 31 2020 | US$287k | US$180k | US$2m |
| Sep 30 2020 | n/a | n/a | -US$3m |
| Jun 30 2020 | n/a | n/a | -US$1m |
| Mar 31 2020 | n/a | n/a | -US$10m |
| Dec 31 2019 | US$277k | US$180k | US$16m |
| Sep 30 2019 | n/a | n/a | US$3m |
| Jun 30 2019 | n/a | n/a | US$16m |
| Mar 31 2019 | n/a | n/a | US$21m |
| Dec 31 2018 | US$323k | US$176k | US$12m |
| Sep 30 2018 | n/a | n/a | US$30m |
| Jun 30 2018 | n/a | n/a | US$18m |
| Mar 31 2018 | n/a | n/a | US$9m |
| Dec 31 2017 | US$292k | US$175k | US$5m |
Compensation vs Market: Jess's total compensation ($USD520.55K) is about average for companies of similar size in the US market ($USD674.55K).
Compensation vs Earnings: Jess's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Jess Correll (66 yo)
24.3yrs
Tenure
US$520,550
Compensation
Mr. Jesse Thomas Correll, also known as Jess, is Chairman of Universal Guaranty Life Insurance Company since 2000 and serves as its Chief Executive Officer. He was President of Universal Guaranty Life Insu...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 24.3yrs | US$520.55k | 2.57% $ 2.5m | |
| Senior VP | 26.8yrs | US$224.33k | 0.51% $ 489.6k | |
| VP & COO | 3.6yrs | no data | no data | |
| Chief Investment Officer & VP | no data | no data | no data | |
| VP & Treasurer | no data | no data | no data | |
| Vice President | less than a year | no data | 0.059% $ 55.8k |
14.0yrs
Average Tenure
60yo
Average Age
Experienced Management: UTGN's management team is seasoned and experienced (14 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 25.2yrs | US$520.55k | 2.57% $ 2.5m | |
| Independent Director | 5.9yrs | US$14.98k | 2% $ 1.9m | |
| Independent Director | 17.8yrs | US$12.48k | 0.25% $ 237.7k | |
| Independent Director | 18.4yrs | US$17.50k | 0.35% $ 335.8k | |
| Independent Director | 8.2yrs | US$17.50k | 0.13% $ 120.8k | |
| Independent Director | 6.9yrs | US$21.00k | 0.11% $ 103.5k | |
| Independent Director | 5.4yrs | US$21.00k | 0.090% $ 85.8k | |
| Independent Director | 5.4yrs | US$17.50k | 0.17% $ 165.1k | |
| Independent Director | 3.4yrs | US$12.48k | 0.049% $ 46.4k |
6.9yrs
Average Tenure
66yo
Average Age
Experienced Board: UTGN's board of directors are considered experienced (6.9 years average tenure).