Utg Inc (UTGN) financial statements (2021 and earlier)

Company profile

Business Address 205 NORTH DEPOT STREET
STANFORD, KY 40484
State of Incorp.
Fiscal Year End December 31
SIC 6311 - Life Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments398825254243257235
Cash and cash equivalents29202515121420
Short-term investments1068 239231243215
Total current assets:398825254243257235
Noncurrent Assets
Property, plant and equipment0112221
Long-term investments and receivables    111
Long-term investments    111
Total noncurrent assets:0112332
Other undisclosed assets379307380146132140180
TOTAL ASSETS:419396406402377400417
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt13      
Deferred income tax liabilities13
Total noncurrent liabilities:13      
Other undisclosed liabilities274288296308300316339
Total liabilities:287288296308300316339
Stockholders' equity
Stockholders' equity attributable to parent13110611092758273
Common stock0000000
Additional paid in capital36373838434344
Accumulated other comprehensive income (loss)903320(1)73
Retained earnings86703934333225
Stockholders' equity attributable to noncontrolling interest1112215
Total stockholders' equity:13110711094778478
TOTAL LIABILITIES AND EQUITY:419396406402377400417

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues44412928294434
Gain on disposition of assets for financial service operations1310
Net investment income11111213161622
Realized investment gains  974171
Cost of revenue(15)(15)(17)(22)(23)77
Policyholder benefits and claims incurred, net(14)(14)
Policyholder account balance, interest expense   (5)(5)55
Financial services costs(16)(16)(17)  
Amortization of value of business acquired (voba)(1)(1)(1)(1)(1)11
Gross profit:292612655141
Operating expenses(8)(9)(8)(7)(9)(11)(9)
Operating income (loss):21174(1)(3)4032
Nonoperating income
(Investment Income, Nonoperating)
   872530
Interest and debt expense    (0)(1)(1)
Other undisclosed loss from continuing operations before equity method investments, income taxes(1)(1)(1)(4)(3)(53)(57)
Income from continuing operations before income taxes:2017320115
Income tax expense (benefit)(4)(4)2(1)1(1)(1)
Net income:1713511104
Net loss attributable to noncontrolling interest(0)(0)(0)(0)(0)(3)(1)
Net income available to common stockholders, diluted:161251173

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1713511104
Other comprehensive income (loss)9(15)1322(8)3(6)
Comprehensive income (loss):26(2)1723(7)13(2)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(0)(0)(0)(0)31
Other undisclosed comprehensive loss, net of tax, attributable to parent     (6)(1)
Comprehensive income (loss), net of tax, attributable to parent:25(2)1723(7)10(3)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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