Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2019	Dec. 31, 2018	[1]
Investments available for sale:
Fixed maturities, at fair value (amortized cost $158,339,368 and $160,895,869)	$ 167,734,370	$ 160,960,784
Equity securities, at fair value (cost $32,270,013 and $34,885,107)	80,707,408	67,664,482
Equity securities, at cost	11,901,503	12,118,617
Mortgage loans on real estate at amortized cost	8,761,822	9,069,111
Investment real estate	46,635,583	52,518,577
Notes receivable	29,417,513	23,717,312
Policy loans	8,979,490	9,204,222
Total investments	354,137,689	335,253,105
Cash and cash equivalents	25,229,997	20,150,162
Accrued investment income	1,979,294	2,119,882
Reinsurance receivables:
Future policy benefits	25,820,733	26,117,936
Policy claims and other benefits	4,012,594	4,053,882
Cost of insurance acquired	5,234,274	5,622,227
Property and equipment, net of accumulated depreciation	474,792	688,567
Income tax receivable	304,875	279,333
Other assets	1,465,376	1,263,242
Total assets	418,659,624	395,548,336
Policy liabilities and accruals:
Future policyholder benefits	250,974,481	253,852,368
Policy claims and benefits payable	4,179,809	4,267,481
Other policyholder funds	407,793	372,072
Dividend and endowment accumulations	14,692,562	14,608,838
Deferred income taxes	14,263,808	9,113,480
Other liabilities	6,011,362	6,257,387
Total liabilities	290,529,815	288,471,626
Shareholders' equity:
Common stock - no par value, stated value $.001 per share. Authorized 7,000,000 shares - 3,285,715 and 3,295,870 shares outstanding	3,286	3,296
Additional paid-in capital	36,253,067	36,567,865
Retained earnings	84,065,838	69,708,901
Accumulated other comprehensive income	7,057,702	62,495
Total UTG shareholders' equity	127,379,893	106,342,557
Noncontrolling interests	749,916	734,153
Total shareholders' equity	128,129,809	107,076,710
Total liabilities and shareholders' equity	$ 418,659,624	$ 395,548,336

[1] Balance sheet audited at December 31, 2018.