As we move into 2017, we continue to focus on having a strong triple bottom line with an economic, social and spiritual impact.
In 1998, we became a shareholder of UTG. Just like you, we were interested in the growth of the Company and the value this growth created for all shareholders. However, during the early years the stock didn’t provide the level of performance we hoped for. As a result, we decided to assume the responsibility of management and operations in 2001. Since that time, the Company has experienced steady growth even during tough economic times. Some of the highlights are as follows:
- STAT Capital has increased from $14MM to $45MM.
- The stock price rose from $4.00 to a high of $19.00 and as of March 2017 was trading at $17.50.
- For the last two years, we have been blessed with investments that continue to strengthen our balance sheet.
- In 2016, we successfully moved a majority of our operations from Springfield, Illinois to Stanford, Kentucky. We plan to keep in place the remaining team members in Springfield. The move was accomplished with very little interruption and has already provided many benefits.
We take seriously our job of providing a safe and growing Company for all of our shareholders. As we move into 2017, we continue to focus on having a strong triple bottom line with an economic, social and spiritual impact.
We continue to buy back shares for those who want to sell. Just give our office a call for additional information if you are so inclined.
It is our honor to serve you.
Jesse T. Correll