Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Investments available for sale:
Fixed maturities, at fair value (amortized cost $145,577,264 and $146,017,864)	$ 157,859,328	$ 165,779,997	[1]
Equity securities, at fair value (cost $45,129,944 and $36,833,795)	106,191,232	78,075,187	[1]
Equity securities, at cost	14,389,189	14,389,189	[1]
Mortgage loans on real estate at amortized cost	19,982,199	20,802,365	[1]
Investment real estate	37,807,570	38,086,391	[1]
Notes receivable	17,359,885	17,682,296	[1]
Policy loans	8,542,436	8,590,524	[1]
Total investments	362,131,839	343,405,949	[1]
Cash and cash equivalents	28,168,570	39,025,754	[1]
Accrued investment income	1,219,455	1,341,643	[1]
Reinsurance receivables:
Future policy benefits	25,062,852	25,267,920	[1]
Policy claims and other benefits	3,779,670	3,988,088	[1]
Cost of insurance acquired	3,922,728	4,101,471	[1]
Property and equipment, net of accumulated depreciation	329,246	348,170	[1]
Income tax receivable	948,473	0	[1]
Other assets	743,694	1,577,098	[1]
Total assets	426,306,527	419,056,093	[1]
Policy liabilities and accruals:
Future policyholder benefits	240,963,919	243,990,881	[1]
Policy claims and benefits payable	4,636,510	4,169,569	[1]
Other policyholder funds	367,433	365,761	[1]
Dividend and endowment accumulations	14,736,174	14,836,158	[1]
Income taxes payable	0	268,497	[1]
Deferred income taxes	15,150,301	12,995,714	[1]
Trading securities, at fair value (proceeds $4,552 and $11,246)	2,791	12,219
Other liabilities	4,977,534	5,275,803	[1]
Total liabilities	280,834,662	281,914,602	[1]
Shareholders' equity:
Common stock - no par value, stated value $.001 per share. Authorized 7,000,000 shares - 3,177,177 and 3,175,564 shares issued	3,178	3,176	[1]
Additional paid-in capital	33,065,925	33,025,018	[1]
Retained earnings	102,237,250	88,068,284	[1]
Accumulated other comprehensive income	9,674,987	15,584,241	[1]
Total UTG shareholders' equity	144,981,340	136,680,719	[1]
Noncontrolling interests	490,525	460,772	[1]
Total shareholders' equity	145,471,865	137,141,491	[1]
Total liabilities and shareholders' equity	$ 426,306,527	$ 419,056,093	[1]

[1] Balance sheet audited at December 31, 2019.