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Balance Sheet (USD $)
Mar. 31, 2014
Dec. 31, 2013
Investments available for sale:    
Fixed maturities, at fair value (amortized cost $169,147,449 and $171,085,396) $ 175,911,151 $ 174,409,824
Equity securities, at fair value (cost $38,479,572 and $38,625,230) 40,705,899 40,514,978
Trading securities, at fair value (cost $7,105,592 and $6,924,413) 7,206,667 6,614,111
Mortgage loans on real estate at amortized cost 13,935,687 14,454,534
Discounted mortgage loans on real estate at cost 11,419,581 12,830,735
Investment real estate 83,937,511 83,585,359
Policy loans 11,638,101 11,860,960
Short-term investments 184,800 0
Total investments 344,939,397 344,270,501
Cash and cash equivalents 18,515,389 19,838,618
Accrued investment income 2,215,115 2,432,939
Future policy benefits 28,572,534 28,767,326
Policy claims and other benefits 3,652,857 3,926,736
Cost of insurance acquired 9,787,222 10,636,412
Deferred policy acquisition costs 356,872 369,786
Property and equipment, net of accumulated depreciation 1,147,139 1,185,108
Income tax receivable 1,293,637 1,296,043
Other assets 4,581,866 4,390,620
Total assets 415,062,028 417,114,089
Liabilities:    
Future policyholder benefits 280,179,067 286,472,435
Policy claims and benefits payable 4,328,556 3,283,897
Other policyholder funds 378,000 378,772
Dividend and endowment accumulations 14,154,130 14,162,510
Deferred income taxes 10,275,593 9,633,641
Notes payable 19,097,534 19,097,534
Trading securities, at fair value (proceeds $503,854 and $505,272) 153,615 357,439
Other liabilities 6,819,339 5,860,420
Total liabilities 335,385,834 339,246,648
Common stock - no par value, stated value $.001 per share. Authorized 7,000,000 shares - 3,769,565 and 3,776,197 shares outstanding 3,769 3,776
Additional paid-in capital 43,972,782 44,050,778
Retained earnings 23,641,330 25,169,646
Accumulated other comprehensive income 6,751,519 3,459,401
Total UTG shareholders' equity 74,369,400 72,683,601
Noncontrolling interests 5,306,794 5,183,840
Total shareholders' equity 79,676,194 77,867,441
Total liabilities and shareholders' equity $ 415,062,028 $ 417,114,089