Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Investments available for sale:
Fixed maturities, at fair value (amortized cost $157,032,450 and $159,959,855)	$ 176,585,699	$ 171,629,373	[1]
Equity securities, at fair value (cost $31,796,340 and $32,578,862)	66,141,108	78,661,793	[1]
Equity securities, at cost	14,417,247	10,919,247	[1]
Mortgage loans on real estate at amortized cost	13,097,827	8,223,286	[1]
Investment real estate	40,725,963	44,344,236	[1]
Notes receivable	19,654,162	19,487,458	[1]
Policy loans	8,709,100	8,803,876	[1]
Short-term investments	12,435,481	10,442,173
Total investments	351,766,587	352,511,442	[1]
Cash and cash equivalents	29,317,455	28,787,629	[1]
Accrued investment income	1,528,217	1,679,783	[1]
Reinsurance receivables:
Future policy benefits	25,437,203	25,655,161	[1]
Policy claims and other benefits	3,713,563	4,142,142	[1]
Cost of insurance acquired	4,473,896	4,846,321	[1]
Property and equipment, net of accumulated depreciation	387,828	427,736	[1]
Other assets	686,497	695,517	[1]
Total assets	417,311,246	418,745,731	[1]
Policy liabilities and accruals:
Future policyholder benefits	246,166,152	249,264,308	[1]
Policy claims and benefits payable	3,438,766	3,631,666	[1]
Other policyholder funds	409,612	404,177	[1]
Dividend and endowment accumulations	14,705,726	14,626,475	[1]
Income taxes payable	785,981	313,662	[1]
Deferred income taxes	11,552,261	13,222,604	[1]
Other liabilities	6,081,601	5,785,933	[1]
Total liabilities	283,140,099	287,248,825	[1]
Shareholders' equity:
Common stock - no par value, stated value $.001 per share. Authorized 7,000,000 shares - 3,270,515 and 3,277,830 shares outstanding	3,272	3,279	[1]
Additional paid-in capital	35,780,640	36,012,401	[1]
Retained earnings	82,712,737	85,979,678	[1]
Accumulated other comprehensive income	15,085,110	8,977,914	[1]
Total UTG shareholders' equity	133,581,759	130,973,272	[1]
Noncontrolling interests	589,388	523,634	[1]
Total shareholders' equity	134,171,147	131,496,906	[1]
Total liabilities and shareholders' equity	$ 417,311,246	$ 418,745,731	[1]

[1] Balance sheet audited at December 31, 2019.