Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2018	Dec. 31, 2017	[1]
Investments available for sale:
Fixed maturities, at fair value (amortized cost $159,587,426 and $159,912,511)	$ 162,042,523	$ 178,555,225
Equity securities, at fair value (cost $0 and $35,712,633)	0	58,848,491	[2]
Equity securities, at fair value (cost $44,408,225 and $0)	89,594,570	0
Mortgage loans on real estate at amortized cost	12,938,166	17,314,477
Investment real estate	48,634,135	50,504,550
Notes receivable	20,444,752	19,004,016
Policy loans	9,381,104	9,559,142
Short-term investments	5,435,076	0
Total investments	348,470,326	333,785,901
Cash and cash equivalents	25,906,410	25,434,199
Accrued investment income	2,948,210	2,990,721
Reinsurance receivables:
Future policy benefits	26,194,748	26,488,346
Policy claims and other benefits	4,084,066	3,882,047
Cost of insurance acquired	5,823,743	6,428,292
Property and equipment, net of accumulated depreciation	795,455	1,118,826
Income tax recoverable	0	549,851
Other assets	1,396,045	5,766,901
Total assets	415,619,003	406,445,084
Policy liabilities and accruals:
Future policyholder benefits	255,877,460	259,469,205
Policy claims and benefits payable	3,687,580	3,777,175
Other policyholder funds	405,934	408,790
Dividend and endowment accumulations	14,601,717	14,601,645
Income taxes payable	1,671,201	0
Deferred income taxes	11,864,024	10,996,404
Other liabilities	8,101,863	6,760,347
Total liabilities	296,209,779	296,013,566
Shareholders' equity:
Common stock - no par value, stated value $.001 per share. Authorized 7,000,000 shares - 3,295,589 and 3,333,337 shares outstanding	3,296	3,333
Additional paid-in capital	36,565,156	37,536,164
Retained earnings	80,061,321	39,040,456
Accumulated other comprehensive income (loss)	1,943,251	32,952,338
Total UTG shareholders' equity	118,573,024	109,532,291
Noncontrolling interests	836,200	899,227
Total shareholders' equity	119,409,224	110,431,518
Total liabilities and shareholders' equity	$ 415,619,003	$ 406,445,084

[1] Balance sheet audited at December 31, 2017.

[2] Effective January 1, 2018, the Company adopted ASU No. 2016-01 and equity securities are no longer classified as available-for-sale. Prior periods have not been restated to conform to the current presentation. See Note 2 to the Condensed Consolidated Financial Statements for additional information.