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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
[1]
Investments, available for sale:    
Fixed maturities, at fair value (amortized cost $77,127,000 and $80,204,532) $ 74,324,760 $ 76,480,086
Held to maturity redeemable preferred stock, at amortized cost 2,500,000 2,500,000
Equity securities, at fair value (cost $126,044,929 and $117,599,471) 259,242,167 234,506,227
Equity securities, at cost 20,533,580 21,203,393
Mortgage loans on real estate, at amortized cost (net of credit loss reserve of $230,000 and $235,000) 15,861,496 16,277,981
Investment real estate, net 28,705,507 28,615,602
Notes receivable (net of credit loss reserve of $195,000 and $195,000) 13,894,905 12,672,175
Policy loans 5,646,798 5,692,565
Short-term investments 1,977,093 1,954,687
Total investments 422,686,306 399,902,716
Cash and cash equivalents 36,758,573 45,263,967
Accrued investment income 1,080,264 1,264,416
Reinsurance receivables:    
Future policy benefits 23,346,063 23,525,945
Policy claims and other benefits 4,382,236 4,480,091
Cost of insurance acquired 1,247,539 1,401,081
Income tax receivable 742,660 790,608
Other assets 892,610 317,981
Total assets 491,136,251 476,946,805
Policy liabilities and accruals:    
Future policyholder benefits 216,786,456 218,284,203
Policy claims and benefits payable 3,468,417 3,847,214
Other policyholder funds 185,720 181,541
Dividend and endowment accumulations 14,587,602 14,628,119
Deferred income taxes 26,968,767 23,072,061
Other liabilities 5,100,172 6,339,303
Total liabilities 267,097,134 266,352,441
Shareholders' equity:    
Common stock - no par value, stated value $.001 per share. Authorized 7,000,000 shares - 3,155,027 and 3,157,765 shares issued 3,157 3,159
Additional paid-in capital 32,360,438 32,442,486
Retained earnings 193,406,264 180,631,577
Accumulated other comprehensive loss (2,213,770) (2,942,313)
Total UTG shareholders' equity 223,556,089 210,134,909
Noncontrolling interests 483,028 459,455
Total shareholders' equity 224,039,117 210,594,364
Total liabilities and shareholders' equity $ 491,136,251 $ 476,946,805
[1] Balance sheet audited at December 31, 2024.