Consolidated Balance Sheets - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Investments available for sale:
Fixed maturities, at fair value (amortized cost $109,554,738 and $117,279,820)	$ 103,409,836	$ 108,313,059
Held to maturity redeemable preferred stock, at amortized cost	2,500,000	2,500,000
Equity securities, at fair value (cost $89,387,893 and $77,015,688)	156,550,812	150,053,686
Equity securities, at cost	15,977,368	21,891,896
Mortgage loans on real estate at amortized cost (net of credit loss reserve of $274,000 and $0)	15,318,176	30,698,694
Investment real estate, net	21,975,120	26,225,799	[1]
Notes receivable (net of credit loss reserve of $250,000 and $0)	14,009,225	14,424,127
Policy loans	6,018,248	6,567,434
Short-term investments	29,132,236	3,596,941
Total investments	364,891,021	364,271,636
Cash and cash equivalents	41,185,196	45,290,385
Accrued investment income	2,001,064	1,371,677
Reinsurance receivables:
Future policy benefits	23,847,623	24,318,030
Policy claims and other benefits	4,734,575	4,638,857
Cost of insurance acquired	2,036,896	2,698,153
Income taxes receivable	2,128,027	0
Other assets	884,531	4,945,627
Total assets	441,708,933	447,534,365
Policy liabilities and accruals:
Future policy benefits	223,757,860	229,582,664
Policy claims and benefits payable	4,188,917	4,072,879
Other policyholder funds	260,892	318,096
Dividend and endowment accumulations	14,749,258	14,802,746
Income taxes payable	0	4,189,081
Deferred income taxes	12,426,840	11,582,138
Notes payable	19,000,000	19,000,000
Other liabilities	5,635,373	5,958,385
Total liabilities	280,019,140	289,505,989
Shareholders' equity:
Common stock - no par value, stated value $0.001 per share. Authorized 7,000,000 shares - 3,165,320 and 3,164,809 shares issued and outstanding	3,167	3,166
Additional paid-in capital	32,613,817	32,693,972
Retained earnings	133,491,797	131,989,352
Accumulated other comprehensive loss	(4,882,317)	(7,111,586)
Total UTG shareholders' equity	161,226,464	157,574,904
Noncontrolling interest	463,329	453,472
Total shareholders' equity	161,689,793	158,028,376
Total liabilities and shareholders' equity	$ 441,708,933	$ 447,534,365

[1] The Company has elected to reclassify certain investments to conform with the presentation for the year ended December 31, 2023. These reclassifications had no impact on previously reported net income.