Utah captive domicile overview
2025-10-31
Second-largest US onshore domicile; efficient supervision, no premium tax; cumulative licences approach 1,000.
| Active captives | 462 captives (year-end 2024 - second largest US onshore domicile) |
| Premium volume | Approx. US$2.2 billion gross written premium (2025) |
| Minimum capital | US$250,000 (pure; association US$750,000; RRG/industrial US$700,000) |
| Annual licence fee | Annual renewal approx. US$7,250; cells US$1,000; application US$200 |
| Tax treatment | No premium tax on captives |
| Regulator | Utah Insurance Department, Captive Insurance Division |
Data updated October 2026, compiled from regulator statistics and industry sources (Captive Review, Business Insurance, etc.). Figures refer to the most recent available year; please refer to regulator disclosures for the latest data.