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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Investments available for sale:    
Fixed maturities, at fair value (amortized cost $173,593,690 and $188,647,671) $ 191,847,215 $ 185,119,097
Equity securities, at fair value (cost $44,247,930 and $43,954,737) 54,367,773 45,685,340
Trading securities, at fair value (cost $70,690 and $0) 63,000 0
Mortgage loans on real estate at amortized cost 19,379,549 17,769,930
Discounted mortgage loans on real estate at cost 0 0
Investment real estate 51,475,190 47,650,102
Notes receivable 14,963,160 10,597,907
Policy loans 10,566,130 10,684,244
Short-term investments 0 0
Total investments 342,662,017 317,506,620
Cash and cash equivalents 14,033,579 11,822,615
Accrued investment income 2,922,409 2,821,338
Reinsurance receivables:    
Future policy benefits 26,942,419 27,462,830
Policy claims and other benefits 3,913,650 3,553,978
Cost of insurance acquired 7,703,887 8,140,379
Property and equipment, net of accumulated depreciation 1,790,778 2,016,611
Income tax receivable 752,261 619,043
Other assets 2,869,119 3,283,681
Total assets 403,590,119 377,227,095
Policy liabilities and accruals:    
Future policyholder benefits 267,418,927 269,119,859
Policy claims and benefits payable 3,497,170 3,759,565
Other policyholder funds 440,485 457,774
Dividend and endowment accumulations 14,449,910 14,233,644
Income tax payable 0 0
Deferred income taxes 13,856,140 3,405,467
Notes payable 0 0
Trading securities, at fair value (proceeds $181,160 and $108,881) 53,721 28,609
Other liabilities 7,257,126 9,234,675
Total liabilities 306,973,479 300,239,593
Shareholders' equity:    
Common stock - no par value, stated value $.001 per share. Authorized 7,000,000 shares - 3,670,514 and 3,699,447 shares outstanding 3,670 3,699
Additional paid-in capital 42,547,054 43,002,670
Retained earnings 33,631,562 33,062,282
Accumulated other comprehensive income 18,427,817 (1,183,552)
Total UTG shareholders' equity 94,610,103 74,885,099
Noncontrolling interests 2,006,537 2,102,403
Total shareholders' equity 96,616,640 76,987,502
Total liabilities and shareholders' equity $ 403,590,119 $ 377,227,095