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

Company profile

Business Address 2900 SOUTH 70TH STREET
LINCOLN, NE 68506
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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments156443111
Cash and cash equivalents152443111
Short-term investments41    
Receivables6     
Disposal group, including discontinued operation000   
Total current assets:161443111
Noncurrent Assets
Finance lease, right-of-use asset 0
Operating lease, right-of-use asset00
Property, plant and equipment000000
Intangible assets, net (including goodwill)111112
Goodwill     1
Intangible assets, net (excluding goodwill)111111
Total noncurrent assets:111112
Other undisclosed assets56417462484660
TOTAL ASSETS:72622066504763
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 0    
Total current liabilities: 0    
Noncurrent Liabilities
Long-term debt and lease obligation0119   
Long-term debt, excluding current maturities  19   
Operating lease, liability01
Total noncurrent liabilities:0119   
Other undisclosed liabilities64020550474356
Total liabilities:64020669474356
Stockholders' equity
Stockholders' equity attributable to parent, including:8614(4)247
Common stock010000
Treasury stock, value(0)     
Additional paid in capital1345333333332
Accumulated other comprehensive income (loss)61(2)(1)(1)(1)
Accumulated deficit(54)(41)(35)(30)(28)(24)
Other undisclosed stockholders' equity attributable to parent    00
Stockholders' equity attributable to noncontrolling interest 0    
Other undisclosed stockholders' equity  2 2 
Total stockholders' equity:8614(3)267
Other undisclosed liabilities and equity    (2) 
TOTAL LIABILITIES AND EQUITY:72622066504763

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1131544
Premiums earned, net0(0)0
Realized investment gains (losses)30000(0)
Financial services revenue343
Other income000000
Cost of revenue(0) (0)(0)(0)(0)
Present value of future insurance profits, amortization expense  (0)   
Deferred policy acquisition costs, amortization expense(0)  (0)(0)(0)
Gross profit:1031443
Operating expenses(21)(9)(6)(7)(9)(7)
Other undisclosed operating income   000
Operating loss:(11)(5)(5)(3)(5)(3)
Nonoperating income
(Investment Income, Nonoperating)
    11
Interest and debt expense(0)(0) 0  
Loss from continuing operations before equity method investments, income taxes:(11)(5)(5)(2)(4)(3)
Other undisclosed income (loss) from continuing operations before income taxes000(0)  
Loss from continuing operations before income taxes:(11)(5)(5)(3)(4)(3)
Income tax expense (benefit)(2)(0)(5)(4)11
Other undisclosed income from continuing operations  5   
Loss from continuing operations:(12)(6)(5)(7)(2)(2)
Loss from discontinued operations  (0)   
Loss before gain (loss) on sale of properties:(12)(6)(5)(7)(2)(2)
Other undisclosed net income (loss)   4(1)(1)
Net loss:(12)(6)(5)(3)(4)(3)
Net loss attributable to noncontrolling interest (0)    
Net loss available to common stockholders, diluted:(12)(6)(5)(3)(4)(3)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(12)(6)(5)(3)(4)(3)
Other undisclosed comprehensive income (loss)  (1)1(0)(1)
Comprehensive loss:(12)(6)(6)(2)(4)(3)
Comprehensive loss, net of tax, attributable to noncontrolling interest (0)    
Other undisclosed comprehensive income, net of tax, attributable to parent62  43
Comprehensive loss, net of tax, attributable to parent:(7)(3)(6)(2)(0)(1)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: