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Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Investments available for sale:    
Fixed maturities, at fair value (amortized cost $159,912,511 and $170,595,860) $ 178,555,225 $ 187,239,718
Equity securities, at fair value (cost $35,712,633 and $37,014,712) 58,848,491 51,707,103
Trading securities, at fair value (cost $0 and $70,690) 0 2,500
Mortgage loans on real estate at amortized cost 17,314,477 18,577,372
Investment real estate, net 50,504,550 57,138,980
Notes receivable 19,004,016 16,876,485
Policy loans 9,559,142 10,070,134
Total investments 333,785,901 341,612,292
Cash and cash equivalents 25,434,199 15,156,548
Accrued investment income 2,990,721 2,872,850
Reinsurance receivables:    
Future policy benefits 26,488,346 26,974,819
Policy claims and other benefits 3,882,047 3,952,465
Cost of insurance acquired 6,428,292 7,267,397
Property and equipment, net of accumulated depreciation 1,118,826 1,564,944
Income taxes receivable 549,851 1,223,682
Other assets 5,766,901 1,476,356
Total assets 406,445,084 402,101,353
Policy liabilities and accruals:    
Future policy benefits 259,469,205 263,844,559
Policy claims and benefits payable 3,777,175 3,889,572
Other policyholder funds 408,790 428,769
Dividend and endowment accumulations 14,601,645 14,504,583
Deferred income taxes 10,996,404 15,459,049
Notes payable 0 2,900,000
Trading securities, at fair value (proceeds $0 and $181,159) 0 1,439
Other liabilities 6,760,347 6,771,540
Total liabilities 296,013,566 307,799,511
Shareholders' equity:    
Common stock - no par value, stated value $0.001 per share. Authorized 7,000,000 shares - 3,333,377 and 3,349,927 shares issued and outstanding 3,333 3,350
Additional paid-in capital 37,536,164 37,878,712
Retained earnings 39,040,456 34,230,307
Accumulated other comprehensive income 32,952,338 20,353,692
Total UTG shareholders' equity 109,532,291 92,466,061
Noncontrolling interest 899,227 1,835,781
Total shareholders' equity 110,431,518 94,301,842
Total liabilities and shareholders' equity $ 406,445,084 $ 402,101,353