XML 13 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Investments available for sale:    
Fixed maturities, at fair value (amortized cost $168,088,959 and $170,595,860) $ 189,392,628 $ 187,239,718
Equity securities, at fair value (cost $38,166,461 and $37,014,712) 52,929,758 51,707,103
Trading securities, at fair value (cost $0 and $70,690) 0 2,500
Mortgage loans on real estate at amortized cost 18,378,499 18,577,372
Investment real estate 53,077,397 57,138,980
Notes receivable 18,618,464 16,876,485
Policy loans 9,764,728 10,070,134
Total investments 342,161,474 341,612,292
Cash and cash equivalents 12,506,426 15,156,548
Accrued investment income 2,542,560 2,872,850
Reinsurance receivables:    
Future policy benefits 26,592,514 26,974,819
Policy claims and other benefits 4,165,149 3,952,465
Cost of insurance acquired 6,847,844 7,267,397
Property and equipment, net of accumulated depreciation 1,341,019 1,564,944
Income taxes receivable 1,298,756 1,223,682
Other assets 1,446,782 1,476,356
Total assets 398,902,524 402,101,353
Policy liabilities and accruals:    
Future policyholder benefits 261,052,800 263,844,559
Policy claims and benefits payable 4,799,231 3,889,572
Other policyholder funds 454,177 428,769
Dividend and endowment accumulations 14,527,876 14,504,583
Deferred income taxes 16,294,785 15,459,049
Notes payable 1,450,000 2,900,000
Trading securities, at fair value (proceeds $0 and $181,159) 0 1,439
Other liabilities 6,348,264 6,771,540
Total liabilities 304,927,133 307,799,511
Shareholders' equity:    
Common stock - no par value, stated value $.001 per share. Authorized 7,000,000 shares - 3,349,736 and 3,349,927 shares outstanding 3,349 3,350
Additional paid-in capital 37,870,021 37,878,712
Retained earnings 31,702,183 34,230,307
Accumulated other comprehensive income (loss) 23,373,129 20,353,692
Total UTG shareholders' equity 92,948,682 92,466,061
Noncontrolling interest 1,026,709 1,835,781
Total shareholders' equity 93,975,391 94,301,842
Total liabilities and shareholders' equity $ 398,902,524 $ 402,101,353