10-K Filing
Filing Information
| Form Type | 10-K |
| Accession Number | 0000832480-23-000013 |
| Period End Date | 20221231 |
| Filing Date | 20230324 |
| Fiscal Year | 2022 |
| Fiscal Period | FY |
| XBRL Instance | utg10k2022_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
88 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Fixed maturities, amortized cost |
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
$117.28M | USD | Point-in-time |
| Fixed maturities, at fair value (amortized cost $117,279,820 and $127,949,963) |
AvailableForSaleSecuritiesDebtSecurities
|
$108.31M | USD | Point-in-time |
| Fixed maturities, amortized cost |
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
$127.95M | USD | Point-in-time |
| Fixed maturities, at fair value (amortized cost $117,279,820 and $127,949,963) |
AvailableForSaleSecuritiesDebtSecurities
|
$140.96M | USD | Point-in-time |
| Equity securities, cost |
EquitySecuritiesFvNiCost
|
$77.02M | USD | Point-in-time |
| Equity securities, at fair value (cost $77,015,688 and $68,403,168 ) |
EquitySecuritiesFvNi
|
$150.05M | USD | Point-in-time |
| Equity securities, at fair value (cost $77,015,688 and $68,403,168 ) |
EquitySecuritiesFvNi
|
$122.23M | USD | Point-in-time |
| Equity securities, cost |
EquitySecuritiesFvNiCost
|
$68.40M | USD | Point-in-time |
| Equity securities, at cost |
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
|
$15.68M | USD | Point-in-time |
| Equity securities, at cost |
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
|
$14.54M | USD | Point-in-time |
| Mortgage loans on real estate at amortized cost |
MortgageLoansOnRealEstate
|
$29.18M | USD | Point-in-time |
| Mortgage loans on real estate at amortized cost |
MortgageLoansOnRealEstate
|
$30.70M | USD | Point-in-time |
| Investment real estate, net |
RealEstateInvestments
|
$34.93M | USD | Point-in-time |
| Investment real estate, net |
RealEstateInvestments
|
$39.75M | USD | Point-in-time |
| Trading securities, proceeds |
TradingSecuritiesProceeds
|
- | USD | Point-in-time |
| Notes receivable |
NotesReceivableNet
|
$17.72M | USD | Point-in-time |
| Notes receivable |
NotesReceivableNet
|
$14.42M | USD | Point-in-time |
| Trading securities, proceeds |
TradingSecuritiesProceeds
|
$2.20K | USD | Point-in-time |
| Policy loans |
PolicyLoansReceivable
|
$6.57M | USD | Point-in-time |
| Policy loans |
PolicyLoansReceivable
|
$7.39M | USD | Point-in-time |
| Short-term investments |
OtherShortTermInvestments
|
- | USD | Point-in-time |
| Short-term investments |
OtherShortTermInvestments
|
$3.60M | USD | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockNoParValue
|
- | USD | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockNoParValue
|
- | USD | Point-in-time |
| Common stock, stated value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Total investments |
Investments
|
$364.27M | USD | Point-in-time |
| Common stock, stated value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Total investments |
Investments
|
$371.78M | USD | Point-in-time |
| Common stock, authorized (in shares) |
CommonStockSharesAuthorized
|
7.00M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$45.29M | USD | Point-in-time |
| Common stock, authorized (in shares) |
CommonStockSharesAuthorized
|
7.00M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$30.79M | USD | Point-in-time |
| Common stock, issued (in shares) |
CommonStockSharesIssued
|
3.17M | shares | Point-in-time |
| Accrued investment income |
AccruedInvestmentIncomeReceivable
|
$1.37M | USD | Point-in-time |
| Accrued investment income |
AccruedInvestmentIncomeReceivable
|
$1.26M | USD | Point-in-time |
| Common stock, issued (in shares) |
CommonStockSharesIssued
|
3.16M | shares | Point-in-time |
| Common stock, outstanding (in shares) |
CommonStockSharesOutstanding
|
3.17M | shares | Point-in-time |
| Common stock, outstanding (in shares) |
CommonStockSharesOutstanding
|
3.16M | shares | Point-in-time |
| Future policy benefits |
ReinsuranceRecoverables
|
$24.74M | USD | Point-in-time |
| Future policy benefits |
ReinsuranceRecoverables
|
$24.32M | USD | Point-in-time |
| Policy claims and other benefits |
ReinsuranceReceivablesIncurredButNotReportedClaims
|
$4.43M | USD | Point-in-time |
| Policy claims and other benefits |
ReinsuranceReceivablesIncurredButNotReportedClaims
|
$4.64M | USD | Point-in-time |
| Cost of insurance acquired |
ValueOfBusinessAcquiredVOBA
|
$4.10M | USD | Point-in-time |
| Cost of insurance acquired |
ValueOfBusinessAcquiredVOBA
|
$3.39M | USD | Point-in-time |
| Cost of insurance acquired |
ValueOfBusinessAcquiredVOBA
|
$2.70M | USD | Point-in-time |
| Income taxes receivable |
IncomeTaxReceivable
|
- | USD | Point-in-time |
| Income taxes receivable |
IncomeTaxReceivable
|
$975.37K | USD | Point-in-time |
| Other assets |
OtherAssets
|
$4.95M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$1.10M | USD | Point-in-time |
| Total assets |
Assets
|
$438.46M | USD | Point-in-time |
| Total assets |
Assets
|
$447.53M | USD | Point-in-time |
| Future policy benefits |
LiabilityForFuturePolicyBenefits
|
$229.58M | USD | Point-in-time |
| Future policy benefits |
LiabilityForFuturePolicyBenefits
|
$235.37M | USD | Point-in-time |
| Policy claims and benefits payable |
LiabilityForClaimsAndClaimsAdjustmentExpense
|
$3.94M | USD | Point-in-time |
| Policy claims and benefits payable |
LiabilityForClaimsAndClaimsAdjustmentExpense
|
$4.07M | USD | Point-in-time |
| Other policyholder funds |
OtherPolicyholderFunds
|
$318.10K | USD | Point-in-time |
| Other policyholder funds |
OtherPolicyholderFunds
|
$345.25K | USD | Point-in-time |
| Dividend and endowment accumulations |
PolicyholderDividendsPayable
|
$14.80M | USD | Point-in-time |
| Dividend and endowment accumulations |
PolicyholderDividendsPayable
|
$14.69M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxes
|
$4.19M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxes
|
- | USD | Point-in-time |
| Deferred income taxes |
DeferredIncomeTaxLiabilitiesNet
|
$13.68M | USD | Point-in-time |
| Deferred income taxes |
DeferredIncomeTaxLiabilitiesNet
|
$11.58M | USD | Point-in-time |
| Notes payable |
NotesPayable
|
$24.00M | USD | Point-in-time |
| Notes payable |
NotesPayable
|
$19.00M | USD | Point-in-time |
| Trading securities, at fair value (proceeds $0 and $2,202) |
TradingSecuritiesAtFairValue
|
- | USD | Point-in-time |
| Trading securities, at fair value (proceeds $0 and $2,202) |
TradingSecuritiesAtFairValue
|
$1.12K | USD | Point-in-time |
| Other liabilities |
OtherLiabilities
|
$5.19M | USD | Point-in-time |
| Other liabilities |
OtherLiabilities
|
$5.96M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$297.21M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$289.51M | USD | Point-in-time |
| Common stock - no par value, stated value $0.001 per share. Authorized 7,000,000 shares - 3,164,809 and 3,166,669 shares issued and outstanding |
CommonStockValue
|
$3.17K | USD | Point-in-time |
| Common stock - no par value, stated value $0.001 per share. Authorized 7,000,000 shares - 3,164,809 and 3,166,669 shares issued and outstanding |
CommonStockValue
|
$3.17K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$32.78M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$32.69M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$97.73M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$131.99M | USD | Point-in-time |
| Accumulated other comprehensive income (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-7.11M | USD | Point-in-time |
| Accumulated other comprehensive income (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$10.25M | USD | Point-in-time |
| Total UTG shareholders' equity |
StockholdersEquity
|
$157.57M | USD | Point-in-time |
| Total UTG shareholders' equity |
StockholdersEquity
|
$140.77M | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$476.56K | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$453.47K | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$158.03M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$141.24M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$137.14M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$438.46M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$447.53M | USD | Point-in-time |
Income Statement
57 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Premiums and policy fees |
PremiumsAndPolicyFees
|
$9.08M | USD | Annual |
| Premiums and policy fees |
PremiumsAndPolicyFees
|
$8.38M | USD | Annual |
| Ceded reinsurance premiums and policy fees |
CededReinsurancePremiumsAndPolicyFees
|
$2.70M | USD | Annual |
| Ceded reinsurance premiums and policy fees |
CededReinsurancePremiumsAndPolicyFees
|
$2.68M | USD | Annual |
| Net investment income |
NetInvestmentIncome
|
$9.05M | USD | Annual |
| Net investment income |
NetInvestmentIncome
|
$20.81M | USD | Annual |
| Other income |
OtherIncome
|
$350.52K | USD | Annual |
| Other income |
OtherIncome
|
$412.98K | USD | Annual |
| Revenue before net investment gains (losses) |
RevenuesBeforeRealizedGainsLosses
|
$15.86M | USD | Annual |
| Revenue before net investment gains (losses) |
RevenuesBeforeRealizedGainsLosses
|
$26.85M | USD | Annual |
| Other-than-temporary impairments |
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSaleRecognizedInEarnings
|
$393.45K | USD | Annual |
| Other-than-temporary impairments |
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSaleRecognizedInEarnings
|
$5.00M | USD | 1 Quarter |
| Other-than-temporary impairments |
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSaleRecognizedInEarnings
|
$5.00M | USD | Annual |
| Other realized investment gains, net |
GainLossOnSaleOfOtherInvestments
|
$14.17M | USD | Annual |
| Other realized investment gains, net |
GainLossOnSaleOfOtherInvestments
|
$6.02M | USD | Annual |
| Change in fair value of equity securities |
EquitySecuritiesFvNiRealizedGainLoss
|
$33.69M | USD | Annual |
| Change in fair value of equity securities |
EquitySecuritiesFvNiRealizedGainLoss
|
$14.12M | USD | Annual |
| Total net investment gains |
DebtAndEquitySecuritiesGainLoss
|
$42.86M | USD | Annual |
| Total net investment gains |
DebtAndEquitySecuritiesGainLoss
|
$19.75M | USD | Annual |
| Total revenues |
Revenues
|
$35.61M | USD | Annual |
| Total revenues |
Revenues
|
$69.71M | USD | Annual |
| Life |
PolicyholderBenefitsAndClaimsIncurredGross
|
$17.14M | USD | Annual |
| Life |
PolicyholderBenefitsAndClaimsIncurredGross
|
$15.70M | USD | Annual |
| Ceded reinsurance benefits and claims |
ReinsuranceCostsAndRecoveriesNet
|
$2.38M | USD | Annual |
| Ceded reinsurance benefits and claims |
ReinsuranceCostsAndRecoveriesNet
|
$2.45M | USD | Annual |
| Annuity |
PolicyholderBenefitsAndClaimsIncurredNetAnnuity
|
$1.03M | USD | Annual |
| Annuity |
PolicyholderBenefitsAndClaimsIncurredNetAnnuity
|
$993.94K | USD | Annual |
| Dividends to policyholders |
PolicyholderDividends
|
$324.54K | USD | Annual |
| Dividends to policyholders |
PolicyholderDividends
|
$311.40K | USD | Annual |
| Commissions |
InsuranceCommissionsAndFees
|
$116.57K | USD | Annual |
| Commissions |
InsuranceCommissionsAndFees
|
$121.29K | USD | Annual |
| Amortization of cost of insurance acquired |
AmortizationOfValueOfBusinessAcquiredVOBA
|
$688.35K | USD | Annual |
| Amortization of cost of insurance acquired |
AmortizationOfValueOfBusinessAcquiredVOBA
|
$714.97K | USD | Annual |
| Operating expenses |
OperatingExpenses
|
$10.50M | USD | Annual |
| Operating expenses |
OperatingExpenses
|
$7.12M | USD | Annual |
| Interest expense |
InterestExpense
|
$4.05K | USD | Annual |
| Interest expense |
InterestExpense
|
$108.72K | USD | Annual |
| Total benefits and other expenses |
BenefitsLossesAndExpenses
|
$25.77M | USD | Annual |
| Total benefits and other expenses |
BenefitsLossesAndExpenses
|
$23.79M | USD | Annual |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$43.94M | USD | Annual |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$11.82M | USD | Annual |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$2.07M | USD | Annual |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$9.57M | USD | Annual |
| Net income |
ProfitLoss
|
$34.36M | USD | Annual |
| Net income |
ProfitLoss
|
$9.76M | USD | Annual |
| Net income attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$92.10K | USD | Annual |
| Net income attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$106.34K | USD | Annual |
| Net income attributable to common shareholders |
NetIncomeLoss
|
$34.26M | USD | Annual |
| Net income attributable to common shareholders |
NetIncomeLoss
|
$9.66M | USD | Annual |
| Basic income per share (in dollars per share) |
EarningsPerShareBasic
|
$10.81 | USD | Annual |
| Basic income per share (in dollars per share) |
EarningsPerShareBasic
|
$3.05 | USD | Annual |
| Diluted income per share (in dollars per share) |
EarningsPerShareDiluted
|
$10.81 | USD | Annual |
| Diluted income per share (in dollars per share) |
EarningsPerShareDiluted
|
$3.05 | USD | Annual |
| Basic weighted average shares outstanding (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
3.17M | shares | Annual |
| Basic weighted average shares outstanding (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
3.17M | shares | Annual |
| Diluted weighted average shares outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
3.17M | shares | Annual |
| Diluted weighted average shares outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
3.17M | shares | Annual |
Cash Flow Statement
99 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$34.36M | USD | Annual |
| Net income |
ProfitLoss
|
$9.76M | USD | Annual |
| Amortization (accretion) of investments |
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
$-210.66K | USD | Annual |
| Amortization (accretion) of investments |
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
$-138.59K | USD | Annual |
| Other-than-temporary impairments |
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSaleRecognizedInEarnings
|
$393.45K | USD | Annual |
| Other-than-temporary impairments |
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSaleRecognizedInEarnings
|
$5.00M | USD | 1 Quarter |
| Other-than-temporary impairments |
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSaleRecognizedInEarnings
|
$5.00M | USD | Annual |
| Realized investment gains, net |
DebtSecuritiesAvailableForSaleRealizedGainLossExcludingOtherThanTemporaryImpairment
|
$6.02M | USD | Annual |
| Realized investment gains, net |
DebtSecuritiesAvailableForSaleRealizedGainLossExcludingOtherThanTemporaryImpairment
|
$14.17M | USD | Annual |
| Change in fair value of equity securities |
EquitySecuritiesFvNiGainLoss
|
$33.69M | USD | Annual |
| Change in fair value of equity securities |
EquitySecuritiesFvNiGainLoss
|
$14.12M | USD | Annual |
| Unrealized trading (gains) losses included in income |
DebtSecuritiesTradingUnrealizedGainLoss
|
$2.06K | USD | Annual |
| Unrealized trading (gains) losses included in income |
DebtSecuritiesTradingUnrealizedGainLoss
|
$-1.09K | USD | Annual |
| Realized trading (gains) losses included in income |
DebtSecuritiesTradingRealizedGainLoss
|
$-12.20K | USD | Annual |
| Realized trading (gains) losses included in income |
DebtSecuritiesTradingRealizedGainLoss
|
$20.51K | USD | Annual |
| Amortization of cost of insurance acquired |
AmortizationOfValueOfBusinessAcquiredVOBA
|
$688.35K | USD | Annual |
| Amortization of cost of insurance acquired |
AmortizationOfValueOfBusinessAcquiredVOBA
|
$714.97K | USD | Annual |
| Depreciation and depletion |
Depreciation
|
$2.76M | USD | Annual |
| Depreciation and depletion |
Depreciation
|
$2.03M | USD | Annual |
| Stock-based compensation |
ShareBasedCompensation
|
$287.93K | USD | Annual |
| Stock-based compensation |
ShareBasedCompensation
|
$599.19K | USD | Annual |
| Charges for mortality and administration of universal life and annuity products |
ChargesForMortalityAndAdministrationOfUniversalLifeAndAnnuityProducts
|
$6.33M | USD | Annual |
| Charges for mortality and administration of universal life and annuity products |
ChargesForMortalityAndAdministrationOfUniversalLifeAndAnnuityProducts
|
$5.94M | USD | Annual |
| Interest credited to account balances |
InterestCreditedToPolicyholdersAccountBalances
|
$3.90M | USD | Annual |
| Interest credited to account balances |
InterestCreditedToPolicyholdersAccountBalances
|
$3.77M | USD | Annual |
| Change in accrued investment income |
IncreaseDecreaseInAccruedInvestmentIncomeReceivable
|
$107.52K | USD | Annual |
| Change in accrued investment income |
IncreaseDecreaseInAccruedInvestmentIncomeReceivable
|
$-77.48K | USD | Annual |
| Change in reinsurance receivables |
IncreaseDecreaseInReinsuranceRecoverable
|
$-210.67K | USD | Annual |
| Change in reinsurance receivables |
IncreaseDecreaseInReinsuranceRecoverable
|
$-88.45K | USD | Annual |
| Change in policy liabilities and accruals |
IncreaseDecreaseInInsuranceLiabilities
|
$-5.47M | USD | Annual |
| Change in policy liabilities and accruals |
IncreaseDecreaseInInsuranceLiabilities
|
$-2.84M | USD | Annual |
| Change in income taxes receivable (payable) |
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
|
$5.16M | USD | Annual |
| Change in income taxes receivable (payable) |
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
|
$-1.24M | USD | Annual |
| Change in other assets and liabilities, net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$565.95K | USD | Annual |
| Change in other assets and liabilities, net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$-2.57M | USD | Annual |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-5.33M | USD | Annual |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-12.45M | USD | Annual |
| Fixed maturities available for sale |
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
|
$21.58M | USD | Annual |
| Fixed maturities available for sale |
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
|
$13.13M | USD | Annual |
| Equity securities |
ProceedsFromSaleOfEquitySecuritiesFvNi
|
$36.13M | USD | Annual |
| Equity securities |
ProceedsFromSaleOfEquitySecuritiesFvNi
|
$5.89M | USD | Annual |
| Trading securities |
ProceedsFromSaleAndMaturityOfTradingSecuritiesHeldForInvestmentNetOfAmountPaidOut
|
$41.71K | USD | Annual |
| Trading securities |
ProceedsFromSaleAndMaturityOfTradingSecuritiesHeldForInvestmentNetOfAmountPaidOut
|
$17.98K | USD | Annual |
| Mortgage loans |
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
|
$3.66M | USD | Annual |
| Mortgage loans |
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
|
$12.27M | USD | Annual |
| Real estate |
ProceedsFromSaleOfRealEstateHeldforinvestment
|
$8.37M | USD | Annual |
| Real estate |
ProceedsFromSaleOfRealEstateHeldforinvestment
|
$12.66M | USD | Annual |
| Notes receivable |
ProceedsFromSaleAndCollectionOfNotesReceivable
|
$8.64M | USD | Annual |
| Notes receivable |
ProceedsFromSaleAndCollectionOfNotesReceivable
|
$12.33M | USD | Annual |
| Policy loans |
ProceedsFromCollectionOfPolicyLoans
|
$2.50M | USD | Annual |
| Policy loans |
ProceedsFromCollectionOfPolicyLoans
|
$1.75M | USD | Annual |
| Total proceeds from investments sold and matured |
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
$59.30M | USD | Annual |
| Total proceeds from investments sold and matured |
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
$79.67M | USD | Annual |
| Fixed maturities available for sale |
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
$2.61M | USD | Annual |
| Fixed maturities available for sale |
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
$4.08M | USD | Annual |
| Equity securities |
PaymentsToAcquireEquitySecuritiesFvNi
|
$32.99M | USD | Annual |
| Equity securities |
PaymentsToAcquireEquitySecuritiesFvNi
|
$27.52M | USD | Annual |
| Trading securities |
ProceedsFromPaymentsForTradingSecurities
|
$-30.24K | USD | Annual |
| Trading securities |
ProceedsFromPaymentsForTradingSecurities
|
$-32.38K | USD | Annual |
| Mortgage loans |
PaymentsToAcquireMortgageNotesReceivable
|
$20.63M | USD | Annual |
| Mortgage loans |
PaymentsToAcquireMortgageNotesReceivable
|
$5.16M | USD | Annual |
| Real estate |
PaymentsToAcquireRealEstateHeldForInvestment
|
$10.96M | USD | Annual |
| Real estate |
PaymentsToAcquireRealEstateHeldForInvestment
|
$4.59M | USD | Annual |
| Notes receivable |
PaymentsToAcquireNotesReceivable
|
$8.68M | USD | Annual |
| Notes receivable |
PaymentsToAcquireNotesReceivable
|
$9.03M | USD | Annual |
| Policy loans |
PaymentsToFundPolicyLoans
|
$929.55K | USD | Annual |
| Policy loans |
PaymentsToFundPolicyLoans
|
$1.30M | USD | Annual |
| Short-term investments |
PaymentsToAcquireShortTermInvestments
|
- | USD | Annual |
| Short-term investments |
PaymentsToAcquireShortTermInvestments
|
$3.59M | USD | Annual |
| Total cost of investments acquired |
PaymentsToAcquireInvestments
|
$53.47M | USD | Annual |
| Total cost of investments acquired |
PaymentsToAcquireInvestments
|
$78.68M | USD | Annual |
| Sale of property and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
- | USD | Annual |
| Sale of property and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$1.32M | USD | Annual |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$26.20M | USD | Annual |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-18.05M | USD | Annual |
| Policyholder contract deposits |
ProceedsFromPolicyholderContractDeposits
|
$4.47M | USD | Annual |
| Policyholder contract deposits |
ProceedsFromPolicyholderContractDeposits
|
$4.56M | USD | Annual |
| Policyholder contract withdrawals |
PolicyholderContractWithdrawals
|
$5.11M | USD | Annual |
| Policyholder contract withdrawals |
PolicyholderContractWithdrawals
|
$5.59M | USD | Annual |
| Proceeds from notes payable/line of credit |
ProceedsFromIssuanceOfDebt
|
$24.00M | USD | Annual |
| Proceeds from notes payable/line of credit |
ProceedsFromIssuanceOfDebt
|
$58.50M | USD | Annual |
| Payments of principal on notes payable/line of credit |
RepaymentsOfDebt
|
$63.50M | USD | Annual |
| Payments of principal on notes payable/line of credit |
RepaymentsOfDebt
|
- | USD | Annual |
| Purchase of treasury stock |
PaymentsForRepurchaseOfCommonStock
|
$685.81K | USD | Annual |
| Purchase of treasury stock |
PaymentsForRepurchaseOfCommonStock
|
$537.38K | USD | Annual |
| Issuance of stock |
ProceedsFromIssuanceOfCommonStock
|
$5.00K | USD | Annual |
| Issuance of stock |
ProceedsFromIssuanceOfCommonStock
|
- | USD | Annual |
| Non controlling contributions/(distributions) of consolidated subsidiary |
ProceedsFromPaymentsToMinorityShareholders
|
$-128.82K | USD | Annual |
| Non controlling contributions/(distributions) of consolidated subsidiary |
ProceedsFromPaymentsToMinorityShareholders
|
$-76.31K | USD | Annual |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-6.37M | USD | Annual |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$22.27M | USD | Annual |
| Net increase (decrease) in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$14.50M | USD | Annual |
| Net increase (decrease) in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$-8.24M | USD | Annual |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$45.29M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$30.79M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$39.03M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$45.29M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$30.79M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$39.03M | USD | Point-in-time |
Stockholders Equity
18 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance at January 1, 2022 |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$158.03M | USD | Point-in-time |
| Balance at January 1, 2022 |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$141.24M | USD | Point-in-time |
| Balance at January 1, 2022 |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$137.14M | USD | Point-in-time |
| Common stock issued during year |
StockIssuedDuringPeriodValueNewIssues
|
$599.19K | USD | Annual |
| Common stock issued during year |
StockIssuedDuringPeriodValueNewIssues
|
$292.94K | USD | Annual |
| Treasury shares acquired and retired |
StockRepurchasedAndRetiredDuringPeriodValue
|
$537.38K | USD | Annual |
| Treasury shares acquired and retired |
StockRepurchasedAndRetiredDuringPeriodValue
|
$685.81K | USD | Annual |
| Net income attributable to common shareholders |
NetIncomeLoss
|
$34.26M | USD | Annual |
| Net income attributable to common shareholders |
NetIncomeLoss
|
$9.66M | USD | Annual |
| Unrealized holding gain (loss) on securities net of noncontrolling interest and reclassification adjustment and taxes |
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
$-5.33M | USD | Annual |
| Unrealized holding gain (loss) on securities net of noncontrolling interest and reclassification adjustment and taxes |
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
$-17.36M | USD | Annual |
| Distributions |
NoncontrollingInterestDecreaseFromDistributionsToNoncontrollingInterestHoldersAfterAdjustment
|
$76.31K | USD | Annual |
| Distributions |
NoncontrollingInterestDecreaseFromDistributionsToNoncontrollingInterestHoldersAfterAdjustment
|
$128.82K | USD | Annual |
| Gain attributable to noncontrolling interest |
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
|
$92.10K | USD | Annual |
| Gain attributable to noncontrolling interest |
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
|
$105.74K | USD | Annual |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$158.03M | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$141.24M | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$137.14M | USD | Point-in-time |
Comprehensive Income
22 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$34.36M | USD | Annual |
| Net income |
ProfitLoss
|
$9.76M | USD | Annual |
| Unrealized holding gains (losses) arising during period, pre-tax |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
$-7.09M | USD | Annual |
| Unrealized holding gains (losses) arising during period, pre-tax |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
$-27.82M | USD | Annual |
| Tax (expense) benefit on unrealized holding gains (losses) arising during the period |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
$-1.49M | USD | Annual |
| Tax (expense) benefit on unrealized holding gains (losses) arising during the period |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
$-5.84M | USD | Annual |
| Unrealized holding gains (losses) arising during period, net of tax |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$-21.98M | USD | Annual |
| Unrealized holding gains (losses) arising during period, net of tax |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$-5.60M | USD | Annual |
| Less reclassification adjustment for (gains) losses included in net income |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
|
$-337.59K | USD | Annual |
| Less reclassification adjustment for (gains) losses included in net income |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
|
$-528.00 | USD | Annual |
| Tax expense (benefit) for (gains) losses included in net income |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
|
$-111.00 | USD | Annual |
| Tax expense (benefit) for (gains) losses included in net income |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
|
$-70.89K | USD | Annual |
| Reclassification adjustment for (gains) losses included in net income, net of tax |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
|
$-417.00 | USD | Annual |
| Reclassification adjustment for (gains) losses included in net income, net of tax |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
|
$-266.69K | USD | Annual |
| Subtotal: Other comprehensive income (loss), net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$-21.98M | USD | Annual |
| Subtotal: Other comprehensive income (loss), net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$-5.33M | USD | Annual |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$12.38M | USD | Annual |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$4.42M | USD | Annual |
| Less comprehensive income attributable to noncontrolling interests |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$92.10K | USD | Annual |
| Less comprehensive income attributable to noncontrolling interests |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$106.34K | USD | Annual |
| Comprehensive income attributable to UTG, Inc. |
ComprehensiveIncomeNetOfTax
|
$4.33M | USD | Annual |
| Comprehensive income attributable to UTG, Inc. |
ComprehensiveIncomeNetOfTax
|
$12.28M | USD | Annual |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.