XML 13 R2.htm IDEA: XBRL DOCUMENT v3.4.0.3
Balance Sheet - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Investments available for sale:    
Fixed maturities, at fair value (amortized cost $186,904,228 and $188,634,364) $ 191,863,364 $ 185,119,097
Equity securities, at fair value (cost $45,685,240 and $39,275,638) 48,502,142 45,685,340
Trading securities, at fair value (cost $0 and $5,179,850) 0 0
Mortgage loans on real estate at amortized cost 16,894,378 17,769,930
Discounted mortgage loans on real estate at cost 0 0
Investment real estate 50,277,989 47,650,102
Financing Receivable, Gross 8,097,909 10,597,907
Policy loans 10,613,033 10,684,244
Short-term investments 0 0
Total investments 326,248,815 317,506,620
Cash and cash equivalents 12,464,395 11,822,615
Accrued investment income 2,934,094 2,821,338
Reinsurance receivables:    
Future policy benefits 27,061,474 27,462,830
Policy claims and other benefits 3,938,282 3,553,978
Cost of insurance acquired 7,922,133 8,140,379
Property and equipment, net of accumulated depreciation 1,903,694 2,016,611
Income tax receivable 2,324 619,043
Other assets 4,734,449 3,283,681
Total assets 387,209,660 377,227,095
Policy liabilities and accruals:    
Future policyholder benefits 268,200,927 269,119,859
Policy claims and benefits payable 3,931,405 3,759,565
Other policyholder funds 457,985 457,774
Dividend and endowment accumulations 14,340,465 14,233,644
Income tax payable 71,884 0
Deferred income taxes 7,558,370 3,405,467
Notes payable 0 0
Trading securities, at fair value (proceeds $108,881 and $464,215) 14,070 28,609
Other liabilities 7,437,962 9,234,675
Total liabilities 302,013,068 300,239,593
Shareholders' equity:    
Common stock - no par value, stated value $.001 per share. Authorized 7,000,000 shares - 3,697,273 and 3,706,780 shares outstanding 3,674 3,699
Additional paid-in capital 42,599,058 43,002,670
Retained earnings 34,344,384 33,062,282
Accumulated other comprehensive income 6,322,697 (1,183,552)
Total UTG shareholders' equity 83,269,813 74,885,099
Noncontrolling interests 1,926,779 2,102,403
Total shareholders' equity 85,196,592 76,987,502
Total liabilities and shareholders' equity $ 387,209,660 $ 377,227,095