Concentrations of Credit Risk

3 Months Ended

Mar. 31, 2026

Concentrations of Credit Risk [Abstract]

Concentrations of Credit Risk

Note 10 – Concentrations of Credit Risk

The Company maintains cash balances in financial institutions that at times may exceed federally insured limits.  The Company maintains its primary operating cash accounts with First Southern National Bank, an affiliate of the largest shareholder of UTG, Mr. Jesse Correll, the Company’s CEO and Chairman.  The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk on cash and cash equivalents.

Because UTG serves primarily individuals located in three states, the ability of the Company's customers to pay their insurance premiums is impacted by the economic conditions in these areas.  As of March 31, 2026 and 2025, approximately 52% and 51% of the Company’s total direct premium was collected from Illinois, Ohio, and Texas. Thus, results of operations are heavily dependent upon the strength of these economies.

The Company reinsures that portion of insurance risk which is in excess of its retention limits. Retention limits range up to $125,000 per life.  Life insurance ceded represented 20% of total life insurance in force at March 31, 2026 and December 31, 2025, respectively.  Insurance ceded represented 24% of premium income for the three months ended March 31, 2026 and 2025, respectively. The Company would be liable for the reinsured risks ceded to other companies to the extent that such reinsuring companies are unable to meet their obligations.

The Company owns a variety of investments associated with the oil and gas industry. These investments represent approximately 39% and 35% of the Company’s total invested assets as of March 31, 2026 and December 31, 2025, respectively.

		Land, Minerals &
March 31, 2026		Royalty Interests		Exploration		Total
Fixed maturities, at fair value	$	0	$	1,046,210	$	1,046,210
Equity securities, at fair value		157,498,921		0		157,498,921
Equity securities, at cost		3,696,763		0		3,696,763
Investment real estate		9,438,515		0		9,438,515
Notes receivable		1,875,000		0		1,875,000
Total	$	172,509,199	$	1,046,210	$	173,555,409

		Land, Minerals &
December 31, 2025		Royalty Interests		Exploration		Total
Fixed maturities, at fair value	$	0	$	1,061,720	$	1,061,720
Equity securities, at fair value		136,129,315		0		136,129,315
Equity securities, at cost		3,904,565		0		3,904,565
Investment real estate		9,879,784		0		9,879,784
Notes receivable		1,875,000		0		1,875,000
Total	$	151,788,664	$	1,061,720	$	152,850,384

At March 31, 2026 and December 31, 2025, the Company owned 4 equity securities that represented approximately 80%, respectively, of the total investments associated with the oil and gas industry.

The Company’s results of operations and financial condition have in the past been, and may in the future be, adversely affected by the degree of certain industry specific concentrations in the Company’s investment portfolio. The Company has significant exposure to investments associated with the oil and gas industry. Events or developments that have a negative effect on the oil and gas industry may adversely affect the valuation of our investments in this specific industry. The Company’s ability to sell its investments associated with the oil and gas industry may be limited.