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Balance Sheet (USD $)
Mar. 31, 2012
Dec. 31, 2011
Investments available for sale:    
Fixed maturities, at fair value (amortized cost $148,310,733 and $107,514,400) $ 156,413,869 $ 124,583,177
Equity securities, at fair value (cost $16,070,051 and $16,200,043) 16,939,871 17,299,628
Trading securities, at fair value (cost $12,673,181 and $9,147,237) 14,073,619 8,519,064
Mortgage loans on real estate at amortized cost 6,843,064 9,272,919
Discounted mortgage loans on real estate at cost 31,147,466 27,467,920
Investment real estate 58,736,447 62,701,375
Policy loans 12,927,437 13,312,229
Total investments 297,081,773 263,156,312
Cash and cash equivalents 50,669,244 82,925,675
Accrued investment income 1,672,455 1,136,741
Future policy benefits 63,227,048 64,693,384
Policy claims and other benefits 4,777,110 4,029,412
Cost of insurance acquired 12,559,891 12,846,266
Deferred policy acquisition costs 472,754 488,266
Property and equipment, net of accumulated depreciation 1,483,963 1,527,285
Income tax receivable 12,289 281,636
Other assets 3,918,941 2,636,280
Total assets 435,875,468 433,721,257
Liabilities:    
Future policyholder benefits 299,563,817 301,393,689
Policy claims and benefits payable 4,056,393 3,016,866
Other policyholder funds 678,351 636,319
Dividend and endowment accumulations 14,074,699 14,176,151
Income taxes payable 2,691,865 0
Deferred income taxes 11,323,141 13,745,751
Notes payable 9,522,298 9,531,645
Trading securities, at fair value (proceeds $8,628,340 and $6,288,562) 9,183,408 5,471,475
Other liabilities 10,343,169 9,964,313
Total liabilities 361,437,141 357,936,209
Common stock - no par value, stated value $.001 per share, authorized 7,000,000 shares - 3,810,825 and 3,848,079 shares issued and outstanding after deducting treasury shares of 484,183 and 446,929 3,819 3,855
Additional paid-in capital 44,618,467 45,051,608
Retained earnings 17,878,204 12,651,687
Accumulated other comprehensive income 5,388,939 11,792,214
Total UTG shareholders' equity 67,889,429 69,499,364
Noncontrolling interest 6,548,898 6,285,684
Total shareholders' equity 74,438,327 75,785,048
Total liabilities and shareholders' equity $ 435,875,468 $ 433,721,257