Midwest Holding Inc. (MDWT) financial statements (2021 and earlier)

Company profile

Business Address 8101 O STREET
LINCOLN, NE 68510
State of Incorp. NE
Fiscal Year End December 31
SIC 6311 - Life Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4431112
Cash and cash equivalents4431112
Short-term investments1     
Disposal group, including discontinued operation00    
Total current assets:4431112
Noncurrent Assets
Finance lease, right-of-use asset0
Operating lease, right-of-use asset0
Property, plant and equipment000000
Long-term investments and receivables     1
Long-term investments     1
Intangible assets, net (including goodwill)111122
Goodwill    11
Intangible assets, net (excluding goodwill)111111
Total noncurrent assets:111123
Other undisclosed assets1746248466055
TOTAL ASSETS:2206650476360
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt0     
Total current liabilities:0     
Noncurrent Liabilities
Long-term debt and lease obligation119    
Long-term debt, excluding current maturities 19    
Operating lease, liability1
Total noncurrent liabilities:119    
Other undisclosed liabilities2055047435652
Total liabilities:2066947435652
Stockholders' equity
Stockholders' equity attributable to parent, including:14(4)2478
Common stock100000
Additional paid in capital533333333230
Accumulated other comprehensive income (loss)1(2)(1)(1)(1)(0)
Accumulated deficit(41)(35)(30)(28)(24)(21)
Other undisclosed stockholders' equity attributable to parent   000
Stockholders' equity attributable to noncontrolling interest0     
Other undisclosed stockholders' equity 2 2  
Total stockholders' equity:14(3)2678
Other undisclosed liabilities and equity   (2)  
TOTAL LIABILITIES AND EQUITY:2206650476360

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues315445
Premiums earned, net(0)0
Financial services revenue3434
Other income00000
Cost of revenue (0)(0)(0)(0)(3)
Liability for future policy benefits, period expense (income)     (1)
Present value of future insurance profits, amortization expense (0)   
Deferred policy acquisition costs, amortization expense  (0)(0)(0)(1)
Financial services costs   (1)
Gross profit:314432
Operating expenses(9)(6)(7)(9)(7)(9)
Other operating expense, net
(Other Expenses)
     (3)
Other undisclosed operating income  000 
Operating loss:(5)(5)(3)(5)(3)(10)
Nonoperating income
(Investment Income, Nonoperating)
   110
Interest and debt expense(0) 0   
Other undisclosed income from continuing operations before equity method investments, income taxes     6
Loss from continuing operations before equity method investments, income taxes:(5)(5)(2)(4)(3)(4)
Loss from equity method investments     (0)
Other undisclosed income (loss) from continuing operations before income taxes00(0)   
Loss from continuing operations before income taxes:(5)(5)(3)(4)(3)(4)
Income tax expense (benefit)(0)(5)(4)112
Other undisclosed income from continuing operations 5    
Loss from continuing operations:(6)(5)(7)(2)(2)(2)
Loss from discontinued operations (0)    
Loss before gain (loss) on sale of properties:(6)(5)(7)(2)(2)(2)
Other undisclosed net income (loss)  4(1)(1)(2)
Net loss:(6)(5)(3)(4)(3)(4)
Net income (loss) attributable to noncontrolling interest(0)    0
Net loss available to common stockholders, diluted:(6)(5)(3)(4)(3)(3)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(6)(5)(3)(4)(3)(4)
Other undisclosed comprehensive income (loss) (1)1(0)(1)1
Comprehensive loss:(6)(6)(2)(4)(3)(3)
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)    (0)
Other undisclosed comprehensive income, net of tax, attributable to parent2  433
Comprehensive income (loss), net of tax, attributable to parent:(3)(6)(2)(0)(1)0

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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