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Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) [Abstract]        
Net income (loss) $ 26,339,693 $ 5,233,671 $ 42,022,594 $ (1,569,399)
Other comprehensive income (loss):        
Unrealized holding gains (losses) arising during period, pre-tax 3,852,955 (3,606,251) 1,648,051 (2,521,367)
Tax (expense) benefit on unrealized holding gains (losses) arising during the period (809,121) 759,387 (340,243) 539,165
Unrealized holding gains (losses) arising during period, net of tax 3,043,834 (2,846,864) 1,307,808 (1,982,202)
Less reclassification adjustment for gains included in net income (loss) 0 (12,500) 0 (58,333)
Tax expense for gains included in net income (loss) 0 2,625 0 12,250
Reclassification adjustment for gains included in net income (loss), net of tax 0 (9,875) 0 (46,083)
Subtotal: Other comprehensive income (loss), net of tax 3,043,834 (2,856,739) 1,307,808 (2,028,285)
Comprehensive income 29,383,527 2,376,932 43,330,402 (3,597,684)
Less comprehensive income attributable to noncontrolling interests (21,773) (28,994) (79,981) (88,506)
Comprehensive income attributable to UTG, Inc. $ 29,361,754 $ 2,347,938 $ 43,250,421 $ (3,686,190)