XML 21 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Balance Sheet (USD $)
Jun. 30, 2014
Dec. 31, 2013
Investments available for sale:    
Fixed maturities, at fair value (amortized cost $168,405,894 and $171,085,396) $ 178,464,064 $ 174,409,824
Equity securities, at fair value (cost $38,001,406 and $38,625,230) 41,683,472 40,514,978
Trading securities, at fair value (cost $5,849,605 and $6,924,413) 5,778,454 6,614,111
Mortgage loans on real estate at amortized cost 15,027,772 14,454,534
Discounted mortgage loans on real estate at cost 11,327,643 12,830,735
Investment real estate 79,475,195 83,585,359
Policy loans 11,493,320 11,860,960
Short-term investments 4,832,980 0
Total investments 348,082,900 344,270,501
Cash and cash equivalents 17,905,873 19,838,618
Accrued investment income 2,467,562 2,432,939
Future policy benefits 28,425,130 28,767,326
Policy claims and other benefits 4,043,526 3,926,736
Cost of insurance acquired 9,540,810 10,636,412
Deferred policy acquisition costs 343,958 369,786
Property and equipment, net of accumulated depreciation 1,109,171 1,185,108
Income tax receivable 1,290,149 1,296,043
Other assets 4,783,887 4,390,620
Total assets 417,992,966 417,114,089
Liabilities:    
Future policyholder benefits 278,151,057 286,472,435
Policy claims and benefits payable 3,781,544 3,283,897
Other policyholder funds 367,255 378,772
Dividend and endowment accumulations 14,186,461 14,162,510
Income tax payable 6,688 0
Deferred income taxes 12,299,481 9,633,641
Notes payable 18,197,534 19,097,534
Trading securities, at fair value (proceeds $532,747 and $505,272) 162,102 357,439
Other liabilities 8,593,016 5,860,420
Total liabilities 335,745,138 339,246,648
Common stock - no par value, stated value $.001 per share. Authorized 7,000,000 shares - 3,761,454 and 3,776,197 shares outstanding 3,761 3,776
Additional paid-in capital 43,877,019 44,050,778
Retained earnings 23,656,189 25,169,646
Accumulated other comprehensive income 9,285,995 3,459,401
Total UTG shareholders' equity 76,822,964 72,683,601
Noncontrolling interests 5,424,864 5,183,840
Total shareholders' equity 82,247,828 77,867,441
Total liabilities and shareholders' equity $ 417,992,966 $ 417,114,089