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 investments | 39 | 88 | 25 | 254 | 243 | 257 | 235 | ||
| Cash and cash equivalents | 29 | 20 | 25 | 15 | 12 | 14 | 20 | ||
| Short-term investments | 10 | 68 | 239 | 231 | 243 | 215 | |||
| Total current assets: | 39 | 88 | 25 | 254 | 243 | 257 | 235 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 0 | 1 | 1 | 2 | 2 | 2 | 1 | ||
| Long-term investments and receivables | 1 | 1 | 1 | ||||||
| Long-term investments | 1 | 1 | 1 | ||||||
| Total noncurrent assets: | 0 | 1 | 1 | 2 | 3 | 3 | 2 | ||
| Other undisclosed assets | 379 | 307 | 380 | 146 | 132 | 140 | 180 | ||
| TOTAL ASSETS: | 419 | 396 | 406 | 402 | 377 | 400 | 417 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 13 | ||||||||
| Deferred income tax liabilities | 13 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Total noncurrent liabilities: | 13 | ||||||||
| Other undisclosed liabilities | 274 | 288 | 296 | 308 | 300 | 316 | 339 | ||
| Total liabilities: | 287 | 288 | 296 | 308 | 300 | 316 | 339 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 131 | 106 | 110 | 92 | 75 | 82 | 73 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Additional paid in capital | 36 | 37 | 38 | 38 | 43 | 43 | 44 | ||
| Accumulated other comprehensive income (loss) | 9 | 0 | 33 | 20 | (1) | 7 | 3 | ||
| Retained earnings | 86 | 70 | 39 | 34 | 33 | 32 | 25 | ||
| Stockholders' equity attributable to noncontrolling interest | 1 | 1 | 1 | 2 | 2 | 1 | 5 | ||
| Total stockholders' equity: | 131 | 107 | 110 | 94 | 77 | 84 | 78 | ||
| TOTAL LIABILITIES AND EQUITY: | 419 | 396 | 406 | 402 | 377 | 400 | 417 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 44 | 41 | 29 | 28 | 29 | 44 | 34 | |
| Gain on disposition of assets for financial service operations | 13 | 10 | ✕ | ✕ | ✕ | ✕ | ✕ | |
| Net investment income | 11 | 11 | 12 | 13 | 16 | 16 | 22 | |
| Realized investment gains | 9 | 7 | 4 | 17 | 1 | |||
| Cost of revenue | (15) | (15) | (17) | (22) | (23) | 7 | 7 | |
| Policyholder benefits and claims incurred, net | (14) | (14) | ✕ | ✕ | ✕ | ✕ | ✕ | |
| Policyholder account balance, interest expense | (5) | (5) | 5 | 5 | ||||
| Financial services costs | ✕ | ✕ | (16) | (16) | (17) | |||
| Amortization of value of business acquired (voba) | (1) | (1) | (1) | (1) | (1) | 1 | 1 | |
| Gross profit: | 29 | 26 | 12 | 6 | 5 | 51 | 41 | |
| Operating expenses | (8) | (9) | (8) | (7) | (9) | (11) | (9) | |
| Operating income (loss): | 21 | 17 | 4 | (1) | (3) | 40 | 32 | |
| Nonoperating income (Investment Income, Nonoperating) | 8 | 7 | 25 | 30 | ||||
| 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: | 20 | 17 | 3 | 2 | 0 | 11 | 5 | |
| Income tax expense (benefit) | (4) | (4) | 2 | (1) | 1 | (1) | (1) | |
| Net income: | 17 | 13 | 5 | 1 | 1 | 10 | 4 | |
| Net loss attributable to noncontrolling interest | (0) | (0) | (0) | (0) | (0) | (3) | (1) | |
| Net income available to common stockholders, diluted: | 16 | 12 | 5 | 1 | 1 | 7 | 3 | |
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: | 17 | 13 | 5 | 1 | 1 | 10 | 4 | |
| Other comprehensive income (loss) | 9 | (15) | 13 | 22 | (8) | 3 | (6) | |
| Comprehensive income (loss): | 26 | (2) | 17 | 23 | (7) | 13 | (2) | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (0) | (0) | (0) | (0) | (0) | 3 | 1 | |
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (6) | (1) | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 25 | (2) | 17 | 23 | (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.