Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Investments, available for sale:
Fixed maturities, at fair value (amortized cost $115,257,457 and $117,279,820)	$ 107,339,371	$ 108,313,059	[1]
Equity securities, at fair value (cost $80,670,210 and $77,015,688)	145,115,511	150,053,686	[1]
Equity securities, at cost	15,683,343	15,683,343	[1]
Mortgage loans on real estate at amortized cost	28,795,729	30,698,694	[1]
Investment real estate	34,557,435	34,934,352	[1]
Notes receivable	12,868,853	14,424,127	[1]
Policy loans	6,277,787	6,567,434	[1]
Short-term investments	3,680,135	3,596,941
Total investments	354,318,164	364,271,636	[1]
Cash and cash equivalents	23,841,690	45,290,385	[1]
Accrued investment income	1,458,149	1,371,677	[1]
Reinsurance receivables:
Future policy benefits	24,041,985	24,318,030	[1]
Policy claims and other benefits	4,765,349	4,638,857	[1]
Cost of insurance acquired	2,367,514	2,698,153	[1]
Income tax receivable	578,637	0	[1]
Other assets	806,274	4,945,627	[1]
Total assets	412,177,762	447,534,365	[1]
Policy liabilities and accruals:
Future policyholder benefits	226,485,914	229,582,664	[1]
Policy claims and benefits payable	3,591,492	4,072,879	[1]
Other policyholder funds	301,209	318,096	[1]
Dividend and endowment accumulations	14,698,988	14,802,746	[1]
Income taxes payable	0	4,189,081	[1]
Deferred income taxes	9,600,138	11,582,138	[1]
Notes payable	0	19,000,000	[1]
Other liabilities	5,457,701	5,958,385	[1]
Total liabilities	260,135,442	289,505,989	[1]
Shareholders' equity:
Common stock - no par value, stated value $.001 per share. Authorized 7,000,000 shares - 3,183,035 and 3,164,809 shares issued	3,184	3,166	[1]
Additional paid-in capital	33,136,764	32,693,972	[1]
Retained earnings	124,672,520	131,989,352	[1]
Accumulated other comprehensive income (loss)	(6,283,132)	(7,111,586)	[1]
Total UTG shareholders' equity	151,529,336	157,574,904	[1]
Noncontrolling interests	512,984	453,472	[1]
Total shareholders' equity	152,042,320	158,028,376	[1]
Total liabilities and shareholders' equity	$ 412,177,762	$ 447,534,365	[1]

[1] Balance sheet audited at December 31, 2022.