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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
[1]
Investments, available for sale:    
Fixed maturities, at fair value (amortized cost $75,560,389 and $80,204,532) $ 73,123,864 $ 76,480,086
Held to maturity redeemable preferred stock, at amortized cost 2,500,000 2,500,000
Equity securities, at fair value (cost $126,845,278 and $117,599,471) 258,785,598 234,506,227
Equity securities, at cost 20,741,412 21,203,393
Mortgage loans on real estate, at amortized cost (net of credit loss reserve of $220,000 and $235,000) 15,277,962 16,277,981
Investment real estate, net 28,283,813 28,615,602
Notes receivable (net of credit loss reserve of $195,000 and $195,000) 13,586,824 12,672,175
Policy loans 5,551,422 5,692,565
Short-term investments 989,525 1,954,687
Total investments 418,840,420 399,902,716
Cash and cash equivalents 38,379,417 45,263,967
Accrued investment income 1,139,997 1,264,416
Reinsurance receivables:    
Future policy benefits 23,302,483 23,525,945
Policy claims and other benefits 4,113,130 4,480,091
Cost of insurance acquired 1,093,998 1,401,081
Income tax receivable 1,006,093 790,608
Other assets 534,531 317,981
Total assets 488,410,069 476,946,805
Policy liabilities and accruals:    
Future policyholder benefits 215,605,523 218,284,203
Policy claims and benefits payable 3,547,025 3,847,214
Other policyholder funds 181,875 181,541
Dividend and endowment accumulations 14,595,585 14,628,119
Deferred income taxes 26,580,146 23,072,061
Other liabilities 5,424,376 6,339,303
Total liabilities 265,934,530 266,352,441
Shareholders' equity:    
Common stock - no par value, stated value $0.001 per share. Authorized 7,000,000 shares - 3,152,077 and 3,157,765 shares outstanding 3,152 3,159
Additional paid-in capital 32,252,914 32,442,486
Retained earnings 191,636,958 180,631,577
Accumulated other comprehensive loss (1,924,855) (2,942,313)
Total UTG shareholders' equity 221,968,169 210,134,909
Noncontrolling interest 507,370 459,455
Total shareholders' equity 222,475,539 210,594,364
Total liabilities and shareholders' equity $ 488,410,069 $ 476,946,805
[1] Balance sheet audited at December 31, 2024.