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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments39398825254243257
Cash and cash equivalents39292025151214
Short-term investments 1068 239231243
Total current assets:39398825254243257
Noncurrent Assets
Property, plant and equipment0011222
Long-term investments and receivables     11
Long-term investments     11
Total noncurrent assets:0011233
Other undisclosed assets380379307380146132140
TOTAL ASSETS:419419396406402377400
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt1313     
Deferred income tax liabilities1313
Total noncurrent liabilities:1313     
Other undisclosed liabilities269274288296308300316
Total liabilities:282287288296308300316
Stockholders' equity
Stockholders' equity attributable to parent137131106110927582
Common stock0000000
Additional paid in capital33363738384343
Accumulated other comprehensive income (loss)16903320(1)7
Retained earnings88867039343332
Stockholders' equity attributable to noncontrolling interest0111221
Total stockholders' equity:137131107110947784
TOTAL LIABILITIES AND EQUITY:419419396406402377400

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues27444129282944
Gain on disposition of assets for financial service operations61310
Net investment income10111112131616
Realized investment gains   97417
Cost of revenue(16)(15)(15)(17)(22)(23)7
Policyholder benefits and claims incurred, net(15)(14)(14)
Policyholder account balance, interest expense    (5)(5)5
Financial services costs(16)(16)(17) 
Gross profit:112926126551
Operating expenses(8)(8)(9)(8)(7)(9)(11)
Operating income (loss):321174(1)(3)40
Nonoperating income
(Investment Income, Nonoperating)
    8725
Interest and debt expense     (0)(1)
Other undisclosed loss from continuing operations before equity method investments, income taxes(1)(1)(1)(1)(4)(3)(53)
Income from continuing operations before income taxes:3201732011
Income tax expense (benefit)(0)(4)(4)2(1)1(1)
Net income:2171351110
Net loss attributable to noncontrolling interest(0)(0)(0)(0)(0)(0)(3)
Net income available to common stockholders, diluted:216125117

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:2171351110
Other comprehensive income (loss)79(15)1322(8)3
Comprehensive income (loss):926(2)1723(7)13
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(0)(0)(0)(0)(0)3
Other undisclosed comprehensive loss, net of tax, attributable to parent      (6)
Comprehensive income (loss), net of tax, attributable to parent:925(2)1723(7)10

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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