XML 49 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Income Statement (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Revenues:    
Premiums and policy fees $ 11,667,248utgn_PremiumsAndPolicyFees $ 12,392,056utgn_PremiumsAndPolicyFees
Reinsurance premiums and policy fees (3,126,914)us-gaap_PaymentsForReinsurance (3,214,562)us-gaap_PaymentsForReinsurance
Net investment income 16,349,719us-gaap_NetInvestmentIncome 22,263,835us-gaap_NetInvestmentIncome
Other income 1,676,602us-gaap_OtherIncome 2,035,166us-gaap_OtherIncome
Revenues before realized gains (losses) 26,566,655utgn_RevenuesBeforeRealizedGainsLosses 33,476,495utgn_RevenuesBeforeRealizedGainsLosses
Realized investment gains (losses), net:    
Other-than-temporary impairments (162,905)us-gaap_ImpairmentOfInvestments (1,201,775)us-gaap_ImpairmentOfInvestments
Other realized investment gains, net 17,221,078us-gaap_GainLossOnSaleOfOtherAssets 2,091,028us-gaap_GainLossOnSaleOfOtherAssets
Total realized investment gains, net 17,058,173us-gaap_RealizedInvestmentGainsLosses 889,253us-gaap_RealizedInvestmentGainsLosses
Total revenues 43,624,828us-gaap_Revenues 34,365,748us-gaap_Revenues
Benefits, claims and settlement expenses:    
Life 21,404,297us-gaap_PolicyholderBenefitsAndClaimsIncurredGross 20,701,727us-gaap_PolicyholderBenefitsAndClaimsIncurredGross
Reinsurance benefits and claims (2,855,202)us-gaap_ReinsuranceCostsAndRecoveriesNet (3,003,022)us-gaap_ReinsuranceCostsAndRecoveriesNet
Annuity 597,792utgn_Annuity 1,045,410utgn_Annuity
Dividends to policyholders 479,158us-gaap_PolicyholderDividends 524,993us-gaap_PolicyholderDividends
Commissions and amortization of deferred policy acquisition costs 432,695us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense (37,775)us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense
Amortization of cost of insurance acquired 985,650us-gaap_AmortizationOfValueOfBusinessAcquiredVOBA 1,064,353us-gaap_AmortizationOfValueOfBusinessAcquiredVOBA
Operating expenses 10,776,690us-gaap_OperatingExpenses 8,716,167us-gaap_OperatingExpenses
Interest expense 677,079us-gaap_InterestExpense 702,959us-gaap_InterestExpense
Total benefits and other expenses 32,498,159us-gaap_BenefitsLossesAndExpenses 29,714,812us-gaap_BenefitsLossesAndExpenses
Income before income taxes 11,126,669us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 4,650,936us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense (1,082,927)us-gaap_IncomeTaxExpenseBenefit (780,924)us-gaap_IncomeTaxExpenseBenefit
Net income 10,043,742us-gaap_ProfitLoss 3,870,012us-gaap_ProfitLoss
Net income attributable to noncontrolling interest (3,067,726)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (617,684)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to common shareholders' $ 6,976,016us-gaap_NetIncomeLoss $ 3,252,328us-gaap_NetIncomeLoss
Amounts attributable to common shareholders':    
Basic income per share (in dollars per share) $ 1.86us-gaap_EarningsPerShareBasic $ 0.86us-gaap_EarningsPerShareBasic
Diluted income per share (in dollars per share) $ 1.86us-gaap_EarningsPerShareDiluted $ 0.86us-gaap_EarningsPerShareDiluted
Basic weighted average shares outstanding (in shares) 3,750,239us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 3,787,913us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted weighted average shares outstanding (in shares) 3,750,239us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 3,787,913us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding