Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Investments, available for sale:
Fixed maturities, at fair value (amortized cost $113,208,324 and $117,279,820)	$ 101,674,112	$ 108,313,059	[1]
Equity securities, at fair value (cost $80,536,585 and $77,015,688)	144,207,758	150,053,686	[1]
Equity securities, at cost	15,683,343	15,683,343	[1]
Mortgage loans on real estate at amortized cost	14,785,687	30,698,694	[1]
Investment real estate	31,609,218	34,934,352	[1]
Notes receivable	13,182,860	14,424,127	[1]
Policy loans	6,160,290	6,567,434	[1]
Short-term investments	23,393,115	3,596,941
Total investments	350,696,383	364,271,636	[1]
Cash and cash equivalents	27,565,435	45,290,385	[1]
Accrued investment income	1,238,050	1,371,677	[1]
Reinsurance receivables:
Future policy benefits	24,006,478	24,318,030	[1]
Policy claims and other benefits	4,084,730	4,638,857	[1]
Cost of insurance acquired	2,202,210	2,698,153	[1]
Income tax receivable	2,422,190	0	[1]
Other assets	2,894,400	4,945,627	[1]
Total assets	415,109,876	447,534,365	[1]
Policy liabilities and accruals:
Future policyholder benefits	225,228,358	229,582,664	[1]
Policy claims and benefits payable	3,343,051	4,072,879	[1]
Other policyholder funds	297,328	318,096	[1]
Dividend and endowment accumulations	14,726,171	14,802,746	[1]
Income taxes payable	0	4,189,081	[1]
Deferred income taxes	10,476,186	11,582,138	[1]
Notes payable	0	19,000,000	[1]
Other liabilities	7,152,998	5,958,385	[1]
Total liabilities	261,224,092	289,505,989	[1]
Shareholders' equity:
Common stock - no par value, stated value $.001 per share. Authorized 7,000,000 shares - 3,164,857 and 3,164,809 shares issued	3,167	3,166	[1]
Additional paid-in capital	32,603,313	32,693,972	[1]
Retained earnings	129,877,197	131,989,352	[1]
Accumulated other comprehensive income (loss)	(9,139,871)	(7,111,586)	[1]
Total UTG shareholders' equity	153,343,806	157,574,904	[1]
Noncontrolling interests	541,978	453,472	[1]
Total shareholders' equity	153,885,784	158,028,376	[1]
Total liabilities and shareholders' equity	$ 415,109,876	$ 447,534,365	[1]

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