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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Investments available for sale:    
Fixed maturities, at fair value (amortized cost $169,852,287 and $170,595,860) $ 190,059,681 $ 187,239,718
Equity securities, at fair value (cost $39,3144,668 and $37,014,712) 54,729,537 51,707,103
Trading securities, at fair value (cost $0 and $70,690) 0 2,500
Mortgage loans on real estate at amortized cost 18,628,404 18,577,372
Investment real estate 56,162,114 57,138,980
Notes receivable 17,324,551 16,876,485
Policy loans 9,893,063 10,070,134
Total investments 346,797,350 341,612,292
Cash and cash equivalents 11,440,096 15,156,548
Accrued investment income 3,064,764 2,872,850
Reinsurance receivables:    
Future policy benefits 26,676,269 26,974,819
Policy claims and other benefits 3,930,277 3,952,465
Cost of insurance acquired 7,057,621 7,267,397
Property and equipment, net of accumulated depreciation 1,452,877 1,564,944
Income taxes receivable 1,179,302 1,223,682
Other assets 1,627,220 1,476,356
Total assets 403,225,776 402,101,353
Policy liabilities and accruals:    
Future policyholder benefits 261,932,272 263,844,559
Policy claims and benefits payable 5,221,898 3,889,572
Other policyholder funds 432,588 428,769
Dividend and endowment accumulations 14,544,421 14,504,583
Deferred income taxes 16,470,959 15,459,049
Notes payable 2,900,000 2,900,000
Trading securities, at fair value (proceeds $0 and $181,159) 0 1,439
Other liabilities 6,422,740 6,771,540
Total liabilities 307,924,878 307,799,511
Shareholders' equity:    
Common stock - no par value, stated value $.001 per share. Authorized 7,000,000 shares - 3,359,703 and 3,349,927 shares outstanding 3,359 3,350
Additional paid-in capital 38,049,906 37,878,712
Retained earnings 32,256,906 34,230,307
Accumulated other comprehensive income 23,269,181 20,353,692
Total UTG shareholders' equity 93,579,352 92,466,061
Noncontrolling interest 1,721,546 1,835,781
Total shareholders' equity 95,300,898 94,301,842
Total liabilities and shareholders' equity $ 403,225,776 $ 402,101,353