Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Investments, available for sale:
Fixed maturities, at fair value (amortized cost $117,312,884 and $117,279,820)	$ 111,140,163	$ 108,313,059	[1]
Equity securities, at fair value (cost $77,544,766 and $77,015,688)	141,927,670	150,053,686	[1]
Equity securities, at cost	15,683,343	15,683,343	[1]
Mortgage loans on real estate at amortized cost	29,341,107	30,698,694	[1]
Investment real estate	34,675,349	34,934,352	[1]
Notes receivable	15,665,605	14,424,127	[1]
Policy loans	6,495,606	6,567,434	[1]
Short-term investments	3,638,309	3,596,941
Total investments	358,567,152	364,271,636	[1]
Cash and cash equivalents	28,282,905	45,290,385	[1]
Accrued investment income	1,061,292	1,371,677	[1]
Reinsurance receivables:
Future policy benefits	24,305,264	24,318,030	[1]
Policy claims and other benefits	4,282,737	4,638,857	[1]
Cost of insurance acquired	2,532,839	2,698,153	[1]
Other assets	586,420	4,945,627	[1]
Total assets	419,618,609	447,534,365	[1]
Policy liabilities and accruals:
Future policyholder benefits	228,377,562	229,582,664	[1]
Policy claims and benefits payable	3,460,941	4,072,879	[1]
Other policyholder funds	320,658	318,096	[1]
Dividend and endowment accumulations	14,812,137	14,802,746	[1]
Income taxes payable	4,066,348	4,189,081	[1]
Deferred income taxes	10,250,018	11,582,138	[1]
Notes payable	0	19,000,000	[1]
Other liabilities	4,887,117	5,958,385	[1]
Total liabilities	266,174,781	289,505,989	[1]
Shareholders' equity:
Common stock - no par value, stated value $0.001 per share. Authorized 7,000,000 shares - 3,187,708 and 3,164,809 shares outstanding	3,189	3,166	[1]
Additional paid-in capital	33,268,111	32,693,972	[1]
Retained earnings	124,592,860	131,989,352	[1]
Accumulated other comprehensive income (loss)	(4,904,294)	(7,111,586)	[1]
Total UTG shareholders' equity	152,959,866	157,574,904	[1]
Noncontrolling interests	483,962	453,472	[1]
Total shareholders' equity	153,443,828	158,028,376	[1]
Total liabilities and shareholders' equity	$ 419,618,609	$ 447,534,365	[1]

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