Consolidated Balance Sheets - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Investments available for sale:
Fixed maturities, at fair value (amortized cost $117,279,820 and $127,949,963)	$ 108,313,059	$ 140,963,881
Equity securities, at fair value (cost $77,015,688 and $68,403,168 )	150,053,686	122,229,121
Equity securities, at cost	15,683,343	14,543,343
Mortgage loans on real estate at amortized cost	30,698,694	29,183,562
Investment real estate, net	34,934,352	39,748,261
Notes receivable	14,424,127	17,722,976
Policy loans	6,567,434	7,390,497
Short-term investments	3,596,941	0
Total investments	364,271,636	371,781,641
Cash and cash equivalents	45,290,385	30,787,278
Accrued investment income	1,371,677	1,264,159
Reinsurance receivables:
Future policy benefits	24,318,030	24,740,562
Policy claims and other benefits	4,638,857	4,426,997
Cost of insurance acquired	2,698,153	3,386,501
Income taxes receivable	0	975,373
Other assets	4,945,627	1,097,246
Total assets	447,534,365	438,459,757
Policy liabilities and accruals:
Future policy benefits	229,582,664	235,367,680
Policy claims and benefits payable	4,072,879	3,941,305
Other policyholder funds	318,096	345,248
Dividend and endowment accumulations	14,802,746	14,686,166
Income taxes payable	4,189,081	0
Deferred income taxes	11,582,138	13,680,396
Notes payable	19,000,000	24,000,000
Trading securities, at fair value (proceeds $0 and $2,202)	0	1,116
Other liabilities	5,958,385	5,193,039
Total liabilities	289,505,989	297,214,950
Shareholders' equity:
Common stock - no par value, stated value $0.001 per share. Authorized 7,000,000 shares - 3,164,809 and 3,166,669 shares issued and outstanding	3,166	3,167
Additional paid-in capital	32,693,972	32,780,587
Retained earnings	131,989,352	97,731,347
Accumulated other comprehensive income (loss)	(7,111,586)	10,253,151
Total UTG shareholders' equity	157,574,904	140,768,252
Noncontrolling interests	453,472	476,555
Total shareholders' equity	158,028,376	141,244,807
Total liabilities and shareholders' equity	$ 447,534,365	$ 438,459,757