Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2019	Dec. 31, 2018	[1]
Investments available for sale:
Fixed maturities, at fair value (amortized cost $163,291,888 and $160,895,869)	$ 176,002,451	$ 160,960,784
Equity securities, at fair value (cost $32,549,036 and $34,885,107)	76,939,974	67,664,482
Equity securities, at cost	11,289,805	12,118,617
Mortgage loans on real estate at amortized cost	8,526,598	9,069,111
Investment real estate	45,796,423	52,518,577
Notes receivable	27,953,110	23,717,312
Policy loans	8,853,633	9,204,222
Total investments	355,361,994	335,253,105
Cash and cash equivalents	25,728,799	20,150,162
Accrued investment income	1,744,076	2,119,882
Reinsurance receivables:
Future policy benefits	25,741,028	26,117,936
Policy claims and other benefits	3,970,131	4,053,882
Cost of insurance acquired	5,040,297	5,622,227
Property and equipment, net of accumulated depreciation	447,905	688,567
Income tax receivable	200,595	279,333
Other assets	636,478	1,263,242
Total assets	418,871,303	395,548,336
Policy liabilities and accruals:
Future policyholder benefits	250,008,948	253,852,368
Policy claims and benefits payable	3,769,383	4,267,481
Other policyholder funds	407,283	372,072
Dividend and endowment accumulations	14,649,215	14,608,838
Deferred income taxes	14,264,938	9,113,480
Other liabilities	6,763,117	6,257,387
Total liabilities	289,862,884	288,471,626
Shareholders' equity:
Common stock - no par value, stated value $.001 per share. Authorized 7,000,000 shares - 3,276,560 and 3,295,870 shares outstanding	3,277	3,296
Additional paid-in capital	35,965,153	36,567,865
Retained earnings	82,949,194	69,708,901
Accumulated other comprehensive income	9,597,996	62,495
Total UTG shareholders' equity	128,515,620	106,342,557
Noncontrolling interests	492,799	734,153
Total shareholders' equity	129,008,419	107,076,710
Total liabilities and shareholders' equity	$ 418,871,303	$ 395,548,336

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