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Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Investments available for sale:    
Fixed maturities, at fair value (amortized cost $170,595,860 and $188,647,671) $ 187,239,718 $ 185,119,097
Equity securities, at fair value (cost $37,014,712 and $43,954,737) 51,707,103 45,685,340
Trading securities, at fair value (cost $70,690 and $0) 2,500 0
Mortgage loans on real estate at amortized cost 18,577,372 17,769,930
Investment real estate 57,138,980 47,650,102
Notes receivable 16,876,485 10,597,907
Policy loans 10,070,134 10,684,244
Total investments 341,612,292 317,506,620
Cash and cash equivalents 15,156,548 11,822,615
Accrued investment income 2,872,850 2,821,338
Reinsurance receivables:    
Future policy benefits 26,974,819 27,462,830
Policy claims and other benefits 3,952,465 3,553,978
Cost of insurance acquired 7,267,397 8,140,379
Property and equipment, net of accumulated depreciation 1,564,944 2,016,611
Income taxes receivable 1,223,682 619,043
Other assets 1,476,356 3,283,681
Total assets 402,101,353 377,227,095
Policy liabilities and accruals:    
Future policy benefits 263,844,559 269,119,859
Policy claims and benefits payable 3,889,572 3,759,565
Other policyholder funds 428,769 457,774
Dividend and endowment accumulations 14,504,583 14,233,644
Deferred income taxes 15,459,049 3,405,467
Notes payable 2,900,000 0
Trading securities, at fair value (proceeds $181159 and $108,881) 1,439 28,609
Other liabilities 6,771,540 9,234,675
Total liabilities 307,799,511 300,239,593
Shareholders' equity:    
Common stock - no par value, stated value $.001 per share. Authorized 7,000,000 shares - 3,349,927 and 3,699,447 shares issued and outstanding 3,350 3,699
Additional paid-in capital 37,878,712 43,002,670
Retained earnings 34,230,307 33,062,282
Accumulated other comprehensive income 20,353,692 (1,183,552)
Total UTG shareholders' equity 92,466,061 74,885,099
Noncontrolling interest 1,835,781 2,102,403
Total shareholders' equity 94,301,842 76,987,502
Total liabilities and shareholders' equity $ 402,101,353 $ 377,227,095