XML 21 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Balance Sheet (USD $)
Sep. 30, 2014
Dec. 31, 2013
Investments available for sale:    
Fixed maturities, at fair value (amortized cost $168,405,894 and $171,085,396) $ 178,384,934 $ 174,409,824
Equity securities, at fair value (cost $38,001,406 and $38,625,230) 44,183,279 40,514,978
Trading securities, at fair value (cost $5,849,605 and $6,924,413) 5,637,963 6,614,111
Mortgage loans on real estate at amortized cost 14,419,710 14,454,534
Discounted mortgage loans on real estate at cost 11,814,503 12,830,735
Investment real estate 74,338,898 83,585,359
Policy loans 11,204,877 11,860,960
Short-term investments 4,094,295 0
Total investments 344,078,459 344,270,501
Cash and cash equivalents 22,465,883 19,838,618
Accrued investment income 2,214,259 2,432,939
Future policy benefits 28,314,645 28,767,326
Policy claims and other benefits 3,750,538 3,926,736
Cost of insurance acquired 9,294,398 10,636,412
Deferred policy acquisition costs 0 369,786
Property and equipment, net of accumulated depreciation 2,564,535 1,185,108
Income tax receivable 1,781,465 1,296,043
Other assets 3,560,551 4,390,620
Total assets 418,024,733 417,114,089
Liabilities:    
Future policyholder benefits 276,284,892 286,472,435
Policy claims and benefits payable 3,153,741 3,283,897
Other policyholder funds 359,604 378,772
Dividend and endowment accumulations 14,214,828 14,162,510
Deferred income taxes 11,860,577 9,633,641
Notes payable 19,197,534 19,097,534
Trading securities, at fair value (proceeds $532,747 and $505,272) 110,643 357,439
Other liabilities 9,524,395 5,860,420
Total liabilities 334,706,214 339,246,648
Common stock - no par value, stated value $.001 per share. Authorized 7,000,000 shares - 3,761,454 and 3,776,197 shares outstanding 3,754 3,776
Additional paid-in capital 43,781,371 44,050,778
Retained earnings 26,763,631 25,169,646
Accumulated other comprehensive income 8,573,649 3,459,401
Total UTG shareholders' equity 79,122,405 72,683,601
Noncontrolling interests 4,196,114 5,183,840
Total shareholders' equity 83,318,519 77,867,441
Total liabilities and shareholders' equity $ 418,024,733 $ 417,114,089