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Balance Sheet (USD $)
Jun. 30, 2012
Dec. 31, 2011
Investments available for sale:    
Fixed maturities, at fair value (amortized cost $157,252,220 and $107,514,400) $ 164,090,425 $ 124,583,177
Equity securities, at fair value (cost $24,813,689 and $16,200,043) 25,731,410 17,299,628
Trading securities, at fair value (cost $12,004,466 and $9,147,237) 13,600,784 8,519,064
Mortgage loans on real estate at amortized cost 22,503,095 9,272,919
Discounted mortgage loans on real estate at cost 30,348,107 27,467,920
Investment real estate 60,914,817 62,701,375
Policy loans 12,829,856 13,312,229
Total investments 330,018,494 263,156,312
Cash and cash equivalents 15,649,812 82,925,675
Accrued investment income 2,555,550 1,136,741
Future policy benefits 62,551,425 64,693,384
Policy claims and other benefits 4,685,191 4,029,412
Cost of insurance acquired 12,273,516 12,846,266
Deferred policy acquisition costs 457,242 488,266
Property and equipment, net of accumulated depreciation 1,428,656 1,527,285
Income tax receivable 0 281,636
Other assets 2,492,257 2,636,280
Total assets 432,112,143 433,721,257
Liabilities:    
Future policyholder benefits 296,998,553 301,393,689
Policy claims and benefits payable 3,964,638 3,016,866
Other policyholder funds 605,519 636,319
Dividend and endowment accumulations 14,099,472 14,176,151
Income tax payable 2,245,099 0
Deferred income taxes 10,563,399 13,745,751
Notes payable 9,591,220 9,531,645
Trading securities, at fair value (proceeds $8,019,351 and $6,288,562) 8,345,575 5,471,475
Other liabilities 9,864,328 9,964,313
Total liabilities 356,277,803 357,936,209
Common stock - no par value, stated value $.001 per share. Authorized 7,000,000 shares - 3,809,388 and 3,854,610 shares outstanding 3,808 3,855
Additional paid-in capital 44,480,275 45,051,608
Retained earnings 19,318,859 12,651,687
Accumulated other comprehensive income 5,333,336 11,792,214
Total UTG shareholders' equity 69,136,278 69,499,364
Noncontrolling interests 6,698,062 6,285,684
Total shareholders' equity 75,834,340 75,785,048
Total liabilities and shareholders' equity $ 432,112,143 $ 433,721,257