Midwest Holding Inc. (MDWT) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16415644311
Cash and cash equivalents14215244311
Short-term investments2241   
Receivables66    
Disposal group, including discontinued operation 000  
Total current assets:17016144311
Noncurrent Assets
Finance lease, right-of-use asset  0
Operating lease, right-of-use asset200
Property, plant and equipment000000
Intangible assets, net (including goodwill)111111
Intangible assets, net (excluding goodwill)111111
Total noncurrent assets:311111
Other undisclosed assets1,047564174624846
TOTAL ASSETS:1,220726220665047
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  0   
Total current liabilities:  0   
Noncurrent Liabilities
Long-term debt and lease obligation 0119  
Long-term debt, excluding current maturities   19  
Operating lease, liability 01
Total noncurrent liabilities: 0119  
Other undisclosed liabilities1,134640205504743
Total liabilities:1,134640206694743
Stockholders' equity
Stockholders' equity attributable to parent, including:718614(4)24
Common stock001000
Treasury stock, value(0)(0)    
Additional paid in capital13813453333333
Accumulated other comprehensive income (loss)361(2)(1)(1)
Accumulated deficit(70)(54)(41)(35)(30)(28)
Other undisclosed stockholders' equity attributable to parent     0
Stockholders' equity attributable to noncontrolling interest15 0   
Other undisclosed stockholders' equity   2 2
Total stockholders' equity:868614(3)26
Other undisclosed liabilities and equity     (2)
TOTAL LIABILITIES AND EQUITY:1,220726220665047

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues30113154
Premiums earned, net 0(0)0
Realized investment gains830000
Financial services revenue34
Other income100000
Cost of revenue(3)(0) (0)(0)(0)
Present value of future insurance profits, amortization expense   (0)  
Deferred policy acquisition costs, amortization expense(3)(0)  (0)(0)
Gross profit:27103144
Operating expenses(42)(21)(9)(6)(7)(9)
Other undisclosed operating income    00
Operating loss:(15)(11)(5)(5)(3)(5)
Nonoperating income
(Investment Income, Nonoperating)
     1
Interest and debt expense (0)(0) 0 
Loss from continuing operations before equity method investments, income taxes:(15)(11)(5)(5)(2)(4)
Other undisclosed income (loss) from continuing operations before income taxes3000(0) 
Loss from continuing operations before income taxes:(12)(11)(5)(5)(3)(4)
Income tax expense (benefit)(5)(2)(0)(5)(4)1
Other undisclosed income from continuing operations   5  
Loss from continuing operations:(17)(12)(6)(5)(7)(2)
Loss from discontinued operations   (0)  
Loss before gain (loss) on sale of properties:(17)(12)(6)(5)(7)(2)
Other undisclosed net income (loss)    4(1)
Net loss:(17)(12)(6)(5)(3)(4)
Net loss attributable to noncontrolling interest  (0)   
Net loss available to common stockholders, diluted:(17)(12)(6)(5)(3)(4)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net loss:(17)(12)(6)(5)(3)(4)
Other undisclosed comprehensive income (loss)   (1)1(0)
Comprehensive loss:(17)(12)(6)(6)(2)(4)
Comprehensive loss, net of tax, attributable to noncontrolling interest  (0)   
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(4)62  4
Comprehensive loss, net of tax, attributable to parent:(20)(7)(3)(6)(2)(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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