Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Investments available for sale:
Fixed maturities, at fair value (amortized cost $160,799,432 and $159,959,855)	$ 173,703,436	$ 171,629,373	[1]
Equity securities, at fair value (cost $30,061,436 and $32,578,862)	51,459,924	78,661,793	[1]
Equity securities, at cost	10,417,247	10,919,247	[1]
Mortgage loans on real estate at amortized cost	9,099,364	8,223,286	[1]
Investment real estate	43,087,742	44,344,236	[1]
Notes receivable	20,798,050	19,487,458	[1]
Policy loans	8,732,681	8,803,876	[1]
Short-term investments	15,388,646	10,442,173
Total investments	332,687,090	352,511,442	[1]
Cash and cash equivalents	26,431,046	28,787,629	[1]
Accrued investment income	1,383,288	1,679,783	[1]
Reinsurance receivables:
Future policy benefits	25,468,524	25,655,161	[1]
Policy claims and other benefits	4,291,578	4,142,142	[1]
Cost of insurance acquired	4,660,108	4,846,321	[1]
Property and equipment, net of accumulated depreciation	407,735	427,736	[1]
Other assets	3,175,629	695,517	[1]
Total assets	398,504,998	418,745,731	[1]
Policy liabilities and accruals:
Future policyholder benefits	247,227,486	249,264,308	[1]
Policy claims and benefits payable	3,221,937	3,631,666	[1]
Other policyholder funds	433,873	404,177	[1]
Dividend and endowment accumulations	14,620,315	14,626,475	[1]
Income taxes payable	3,467,474	313,662	[1]
Deferred income taxes	7,080,403	13,222,604	[1]
Other liabilities	5,158,187	5,785,933	[1]
Total liabilities	281,209,675	287,248,825	[1]
Shareholders' equity:
Common stock - no par value, stated value $.001 per share. Authorized 7,000,000 shares - 3,274,919 and 3,277,830 shares outstanding	3,276	3,279	[1]
Additional paid-in capital	35,903,350	36,012,401	[1]
Retained earnings	71,000,617	85,979,678	[1]
Accumulated other comprehensive income	9,832,206	8,977,914	[1]
Total UTG shareholders' equity	116,739,449	130,973,272	[1]
Noncontrolling interests	555,874	523,634	[1]
Total shareholders' equity	117,295,323	131,496,906	[1]
Total liabilities and shareholders' equity	$ 398,504,998	$ 418,745,731	[1]

[1] Balance sheet audited at December 31, 2018.