Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2019	Dec. 31, 2018	[1]
Investments available for sale:
Fixed maturities, at fair value (amortized cost $158,812,233 and $160,895,869)	$ 163,906,663	$ 160,960,784
Equity securities, at fair value (cost $34,883,412 and $34,885,107)	82,450,417	67,664,482
Equity securities, at cost	12,133,745	12,118,617
Mortgage loans on real estate at amortized cost	10,703,553	9,069,111
Investment real estate	51,530,162	52,518,577
Notes receivable	26,595,336	23,717,312
Policy loans	9,117,979	9,204,222
Total investments	356,437,855	335,253,105
Cash and cash equivalents	19,049,555	20,150,162
Accrued investment income	1,887,094	2,119,882
Reinsurance receivables:
Future policy benefits	26,091,199	26,117,936
Policy claims and other benefits	4,142,345	4,053,882
Cost of insurance acquired	5,428,250	5,622,227
Property and equipment, net of accumulated depreciation	581,680	688,567
Income tax receivable	0	279,333
Other assets	355,673	1,263,242
Total assets	413,973,651	395,548,336
Policy liabilities and accruals:
Future policyholder benefits	252,418,038	253,852,368
Policy claims and benefits payable	4,335,480	4,267,481
Other policyholder funds	430,413	372,072
Dividend and endowment accumulations	14,586,502	14,608,838
Income taxes payable	333,283	0
Deferred income taxes	13,231,079	9,113,480
Other liabilities	6,105,232	6,257,387
Total liabilities	291,440,027	288,471,626
Shareholders' equity:
Common stock - no par value, stated value $.001 per share. Authorized 7,000,000 shares - 3,296,547 and 3,295,870 shares outstanding	3,297	3,296
Additional paid-in capital	36,585,277	36,567,865
Retained earnings	81,353,780	69,708,901
Accumulated other comprehensive income	3,949,134	62,495
Total UTG shareholders' equity	121,891,488	106,342,557
Noncontrolling interests	642,136	734,153
Total shareholders' equity	122,533,624	107,076,710
Total liabilities and shareholders' equity	$ 413,973,651	$ 395,548,336

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