Consolidated Balance Sheets - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Investments available for sale:
Fixed maturities, at fair value (amortized cost $159,959,855 and $160,895,869)	$ 171,629,373	$ 160,960,784
Equity securities, at fair value (cost $32,578,862 and $34,885,107)	78,661,793	67,664,482
Equity securities, at cost	10,919,247	12,118,617
Mortgage loans on real estate at amortized cost	8,223,286	9,069,111
Investment real estate, net	44,344,236	52,518,577
Notes receivable	19,487,458	23,717,312
Policy loans	8,803,876	9,204,222
Short-term investments	10,442,173	0
Total investments	352,511,442	335,253,105
Cash and cash equivalents	28,787,629	20,150,162
Accrued investment income	1,679,783	2,119,882
Reinsurance receivables:
Future policy benefits	25,655,161	26,117,936
Policy claims and other benefits	4,142,142	4,053,882
Cost of insurance acquired	4,846,321	5,622,227
Property and equipment, net of accumulated depreciation	427,736	688,567
Income taxes receivable	0	279,333
Other assets	695,517	1,263,242
Total assets	418,745,731	395,548,336
Policy liabilities and accruals:
Future policy benefits	249,264,308	253,852,368
Policy claims and benefits payable	3,631,666	4,267,481
Other policyholder funds	404,177	372,072
Dividend and endowment accumulations	14,626,475	14,608,838
Income taxes payable	313,662	0
Deferred income taxes	13,222,604	9,113,480
Other liabilities	5,785,933	6,257,387
Total liabilities	287,248,825	288,471,626
Shareholders' equity:
Common stock - no par value, stated value $0.001 per share. Authorized 7,000,000 shares - 3,277,830 and 3,295,870 shares issued and outstanding	3,279	3,296
Additional paid-in capital	36,012,401	36,567,865
Retained earnings	85,979,678	69,708,901
Accumulated other comprehensive income	8,977,914	62,495
Total UTG shareholders' equity	130,973,272	106,342,557
Noncontrolling interests	523,634	734,153
Total shareholders' equity	131,496,906	107,076,710
Total liabilities and shareholders' equity	$ 418,745,731	$ 395,548,336