Condensed Consolidated Balance Sheets (Unaudited) - USD ($)		Jun. 30, 2018	Dec. 31, 2017
Investments available for sale:
Fixed maturities, at fair value (amortized cost $162,308,830 and $159,912,511)		$ 174,576,759	$ 178,555,225	[1]
Equity securities, at fair value (cost $0 and $35,712,633)	[1]	0	58,848,491	[2]
Equity securities, at fair value (cost $44,006,599 and $0)	[1]	82,503,413	0
Mortgage loans on real estate at amortized cost		15,085,559	17,314,477	[1]
Investment real estate		49,629,677	50,504,550	[1]
Notes receivable		22,179,954	19,004,016
Policy loans		9,431,972	9,559,142	[1]
Total investments		353,407,334	333,785,901	[1]
Cash and cash equivalents		14,154,164	25,434,199
Accrued investment income		2,858,745	2,990,721	[1]
Reinsurance receivables:
Future policy benefits		26,242,260	26,488,346	[1]
Policy claims and other benefits		3,658,355	3,882,047
Cost of insurance acquired		6,025,259	6,428,292	[1]
Property and equipment, net of accumulated depreciation		902,343	1,118,826	[1]
Income tax recoverable		543,674	549,851	[1]
Other assets		1,655,428	5,766,901
Total assets		409,447,562	406,445,084
Policy liabilities and accruals:
Future policy benefits		256,933,353	259,469,205	[1]
Policy claims and benefits payable		3,316,095	3,777,175	[1]
Other policyholder funds		416,297	408,790
Dividend and endowment accumulations		14,604,480	14,601,645	[1]
Deferred income taxes		12,648,432	10,996,404	[1]
Other liabilities		6,103,137	6,760,347
Total liabilities		294,021,794	296,013,566
Shareholders' equity:
Common stock - no par value, stated value $0.001 per share. Authorized 7,000,000 shares - 3,304,762 and 3,333,337 shares issued and outstanding		3,305	3,333	[1]
Additional paid-in capital		36,829,530	37,536,164	[1]
Retained earnings		68,123,778	39,040,456	[1]
Accumulated other comprehensive income (loss)		9,665,033	32,952,338	[1]
Total UTG shareholders' equity		114,621,646	109,532,291	[1]
Noncontrolling interest		804,122	899,227	[1]
Total shareholders' equity		115,425,768	110,431,518
Total liabilities and shareholders' equity		$ 409,447,562	$ 406,445,084

[1] Balance sheet audited at December 31, 2017.

[2] Effective January 1, 2018, the Company adopted ASU No. 2016-01 and equity securities are no longer classified as available-for-sale. Prior periods have not been restated to conform to the current presentation. See Note 2 to the Condensed Consolidated Financial Statements for additional information.