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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Investments available for sale:    
Fixed maturities, at fair value (amortized cost $80,204,533 and $82,493,074) $ 76,480,086 $ 79,084,545
Held to maturity redeemable preferred stock, at amortized cost 2,500,000 2,500,000
Equity securities, at fair value (cost $117,599,471 and $113,744,429) 234,506,227 178,625,485
Equity securities, at cost 21,203,393 18,227,986
Mortgage loans on real estate at amortized cost (net of credit loss reserve of $235,000 and $274,000) 16,277,981 15,318,176
Investment real estate, net 28,615,602 21,975,120
Notes receivable (net of credit loss reserve of $195,000 and $250,000) 12,672,175 14,009,225
Policy loans 5,692,565 6,018,248
Short-term investments 1,954,687 29,132,236
Total investments 399,902,716 364,891,021
Cash and cash equivalents 45,263,967 41,185,196
Accrued investment income 1,264,416 2,001,064
Reinsurance receivables:    
Future policy benefits 23,525,945 23,847,623
Policy claims and other benefits 4,480,091 4,734,575
Cost of insurance acquired 1,401,081 2,036,896
Income taxes receivable 790,608 2,128,027
Other assets 317,981 884,531
Total assets 476,946,805 441,708,933
Policy liabilities and accruals:    
Future policy benefits 218,284,203 223,757,860
Policy claims and benefits payable 3,847,214 4,188,917
Other policyholder funds 181,541 260,892
Dividend and endowment accumulations 14,628,119 14,749,258
Deferred income taxes 23,072,061 12,426,840
Notes payable 0 19,000,000
Other liabilities 6,339,303 5,635,373
Total liabilities 266,352,441 280,019,140
Shareholders' equity:    
Common stock - no par value, stated value $0.001 per share. 'Authorized 7,000,000 shares - 3,157,765 and 3,165,320 shares issued 3,159 3,167
Additional paid-in capital 32,442,486 32,613,817
Retained earnings 180,631,577 131,330,062
Accumulated other comprehensive loss (2,942,313) (2,720,582)
Total UTG shareholders' equity 210,134,909 161,226,464
Noncontrolling interest 459,455 463,329
Total shareholders' equity 210,594,364 161,689,793
Total liabilities and shareholders' equity $ 476,946,805 $ 441,708,933