UTG INC

The Audit Committee is required to be directly responsible for the appointment, compensation and retention of the Company’s independent registered public accounting firm. The Audit Committee appointed Kerber, Eck & Braeckel LLP (“KEB”) as the Company’s independent registered public accounting firm for the years ended December 31, 2024 and 2023.

Amounts paid to, or billed by, the Company’s principal accountant, during the two most recent fiscal years by category were as follows:

Audit Fees -Audit fees paid for these audit services in the fiscal years ended 2024 and 2023 totaled $143,000 and $130,000 respectively. Fees billed for the quarterly reviews of the Company’s financial statements totaled $39,375 and $37,500 for the years 2024 and 2023, respectively.

Audit Related Fees - No audit related fees were incurred by the Company from KEB for the years ended 2024 and 2023.

Tax Fees –For the years ended 2024 and 2023, the Company paid $17,500 and $20,475, respectively, relating to certain tax advice and electronic filing of certain federal and state income tax returns of the Company.

All Other Fees –For the years ended December 31, 2024 and 2023, the Company paid $12,500 and $20,475, respectively, for the audit of the Company's employee benefit plan. During 2024, the Company paid no other fees to KEB.

Part IV