See more : Jutal Offshore Oil Services Limited (JUTOY) Income Statement Analysis – Financial Results
Complete financial analysis of Midwest Holding Inc. (MDWT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Midwest Holding Inc., a leading company in the Insurance – Life industry within the Financial Services sector.
You may be interested
- MCNB Banks, Inc. (MKIN) Income Statement Analysis – Financial Results
- Centuria Capital Group (CNI.AX) Income Statement Analysis – Financial Results
- Novaturas AB (NTU.WA) Income Statement Analysis – Financial Results
- Evercore Inc. (EVR) Income Statement Analysis – Financial Results
- Ichibanya Co., Ltd. (7630.T) Income Statement Analysis – Financial Results
Midwest Holding Inc. (MDWT)
About Midwest Holding Inc.
Midwest Holding Inc., a financial services company, engages in life and annuity insurance business in the United States. The company offers multi-year guaranteed and fixed indexed annuity products through independent distributors comprising independent marketing organizations. It also provides asset management services to third-party insurers and reinsurers; and other services, including policy administration services. The company was incorporated in 2003 and is based in Lincoln, Nebraska.
| Metric | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 30.05M | 30.06M | 10.58M | 3.40M | 875.81K | 4.54M | 4.53M | 3.79M | 4.64M | 5.11M | 5.32M | 3.64M | 5.83M |
| Cost of Revenue | 16.20M | 32.03M | 16,547.38B | 8.70M | 5.80M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 13.85M | -1.97M | -16,547.37B | -5.30M | -4.92M | 4.54M | 4.53M | 3.79M | 4.64M | 5.11M | 5.32M | 3.64M | 5.83M |
| Gross Profit Ratio | 46.10% | -6.54% | -156,374,437.67% | -155.88% | -562.08% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 16.20M | 16.93M | 6.35M | 2.70M | 2.16M | 2.14M | 2.35M | 1.94M | 2.36M | 1.95M | 2.34M | 2.53M | 960.15K |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 16.20M | 16.93M | 6.35M | 2.70M | 2.16M | 2.14M | 2.35M | 1.94M | 2.36M | 1.95M | 2.34M | 2.53M | 960.15K |
| Other Expenses | 5.53M | -63.09M | -29.81M | -14.53M | -8.05M | -8.65M | -12.05M | -9.15M | -10.90M | -9.27M | -10.19M | -9.95M | -9.02M |
| Operating Expenses | 7.66M | -46.17M | -23.46M | -11.83M | -5.89M | -6.51M | -9.71M | -7.21M | -8.55M | -7.32M | -7.84M | -7.42M | -8.06M |
| Cost & Expenses | 21.66M | 41.93M | 21.44M | 8.77M | 5.91M | 7.26M | 8.38M | 6.30M | 8.55M | 7.32M | 7.84M | 7.49M | 8.06M |
| Interest Income | 0.00 | 298.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 6.35M | 0.00 | 0.00 | 6.58K | 47.94K | 748.92K | 776.54K | 533.65K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 338.00K | 50.00K | 57.42K | 58.76K | 61.35K | 288.03K | 381.58K | 400.87K | 275.08K | 322.81K | 366.37K | 186.57K | 74.31K |
| EBITDA | 4.06M | 0.00 | 0.00 | -5.61M | -5.04M | -1.68M | -2.69M | -1.58M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 50.18% | -53.39% | -121.17% | -246.09% | -565.90% | -37.08% | -59.31% | -41.84% | -68.32% | -31.88% | -24.26% | -98.74% | -36.85% |
| Operating Income | 14.74M | -16.10M | -12.88M | -8.43M | -5.02M | -1.97M | -5.17M | -3.42M | -3.91M | -2.22M | -2.52M | -3.78M | -2.22M |
| Operating Income Ratio | 49.05% | -53.56% | -121.72% | -247.82% | -572.91% | -43.42% | -114.10% | -90.42% | -84.19% | -43.44% | -47.33% | -103.87% | -38.12% |
| Total Other Income/Expenses | -6.35M | 0.00 | 16,547.36B | 234.18K | 0.00 | 665.55K | -472.46K | 781.36K | 0.00 | 0.00 | 0.00 | -72.77K | 0.00 |
| Income Before Tax | 8.39M | -11.87M | -10.86M | -5.38M | -5.04M | -2.72M | -3.85M | -2.52M | -3.91M | -2.22M | -2.52M | -3.85M | -2.22M |
| Income Before Tax Ratio | 27.92% | -39.49% | -102.59% | -158.10% | -575.15% | -59.93% | -84.85% | -66.52% | -84.19% | -43.44% | -47.33% | -105.87% | -38.12% |
| Income Tax Expense | 7.60M | 4.77M | 1.58M | 234.18K | 47.94K | 1.32M | 883.56K | 705.22K | 295.25K | 246.33K | 381.69K | 223.71K | 3.75M |
| Net Income | 791.00K | -16.64M | -12.44M | -5.61M | -5.09M | -2.72M | -3.85M | -2.52M | -3.44M | -1.95M | -1.66M | -3.78M | -2.22M |
| Net Income Ratio | 2.63% | -55.34% | -117.56% | -164.99% | -580.63% | -59.93% | -84.85% | -66.52% | -74.25% | -38.21% | -31.14% | -103.87% | -38.12% |
| EPS | 0.21 | -4.45 | -4.81 | -4.87 | -2.55 | -59.48 | -88.97 | -89.41 | -130.56 | -74.01 | -91.02 | -206.56 | -163.97 |
| EPS Diluted | 0.21 | -4.45 | -4.81 | -4.87 | -2.55 | -59.48 | -88.97 | -89.41 | -130.56 | -73.92 | -91.02 | -206.56 | -163.97 |
| Weighted Avg Shares Out | 3.74M | 3.74M | 2.55M | 1.15M | 2.00M | 45.72K | 43.25K | 28.16K | 26.39K | 26.36K | 18.21K | 18.29K | 13.56K |
| Weighted Avg Shares Out (Dil) | 3.80M | 3.74M | 2.59M | 1.15M | 2.00M | 45.72K | 43.25K | 28.16K | 26.39K | 26.39K | 18.21K | 18.29K | 13.56K |
Midwest Holding Inc. co-CEOs to speak at Piper Sandler’s Virtual Midwest Insurance Tour
LINCOLN, Neb.--(BUSINESS WIRE)--Midwest Holding Inc. ("Midwest") (NASDAQ: MDWT), a rapidly growing, technology-enabled, services-oriented annuity platform, is pleased to announce that Co-Founders and Co-CEOs, Mike Minnich and Michael Salem, have been selected as speakers for Piper Sandler's Virtual Midwest Life Insurance...
Midwest Holding Inc. Expands Board of Directors to Nine Members with Two New Nominations
LINCOLN, Neb.--(BUSINESS WIRE)--Midwest Holding Inc. ("Midwest") (NASDAQ: MDWT), today announced the nomination of two new members to be elected to the company’s Board of Directors at Midwest’s upcoming annual meeting of stockholders scheduled for June 29, 2021. “We’re excited to...
Midwest Holding Inc. Reports First Quarter 2021 Results
LINCOLN, Neb.--(BUSINESS WIRE)--Midwest Holding Inc. (“Midwest”) (NASDAQ: “MDWT”), today announced financial results for its first quarter ended March 31, 2021. First Quarter 2021 Highlights Annuity direct written premiums under statutory accounting principles grew 159% to $123.7 million in the first...
Midwest Holding Inc. Reports First Quarter 2021 Results
LINCOLN, Neb.--(BUSINESS WIRE)--Midwest Holding Inc. (“Midwest”) (NASDAQ: “MDWT”), today announced financial results for its first quarter ended March 31, 2021. First Quarter 2021 Highlights Annuity direct written premiums under statutory accounting principles grew 159% to $123.7 million in the first...
Midwest Holding Inc. Announces its Subsidiary, American Life & Security Corp., Joins FHLBank Topeka
LINCOLN, Neb.--(BUSINESS WIRE)--Midwest Holding Inc. ("Midwest") (NASDAQ: "MDWT"), a rapidly growing, technology-enabled, services-oriented annuity platform, announced today that The Federal Home Loan Bank of Topeka ("FHLBank Topeka") has approved Midwest’s subsidiary, American Life & Security Corp. ("ALSC") as a member...
Midwest Holding Schedules Conference Call to Discuss First Quarter 2021 Results
LINCOLN, Neb.--(BUSINESS WIRE)--Midwest Holding Inc. ("Midwest") (NASDAQ: MDWT) today announced plans to host a conference call to discuss financial and operating results for the first quarter 2021 on Friday, May 14, 2021, at 12:00 p.m. Eastern Time. The Company also...
New Strong Sell Stocks for April 12th
MDWT, ADDYY, CDK, KLPEF, and PLOW have been added to the Zacks Rank #5 (Strong Sell) List on April 12, 2021
Coronavirus update: U.S. death toll nears 216,000 as Midwest and Mountain West cases start to stretch hospital capacity
The U.S. death toll from the coronavirus illness COVID-19 was heading for 216,000 on Wednesday, driven by a spike in new cases in the Midwest and Mountain...
Crawford & Company® to Present Virtually During the 11th Midwest IDEAS Investor Conference
ATLANTA, Aug. 17, 2020 (GLOBE NEWSWIRE) -- Crawford & Company (www.crawco.com) (NYSE:CRD-A and CRD-B), the world's largest publicly-listed independent provider of claims management and outsourcing solutions to carriers, brokers and corporates announced today that CEO, Rohit Verma, and Chief Financial...
First Midwest Bancorp. (FMBI) CEO Mike Scudder on Q2 2020 Results-Earnings Call Transcript
First Midwest Bancorp, Inc. (NASDAQ:FMBI) Q2 2020 Earnings Conference Call July 21, 2020, 11:00 AM ET Company Participants Mike Scudder - CEO Mark Sander - COO Pat Barrett - CFO Conference Call Participants Michael Young - SunTrust Terry McEvoy -...
Source: https://incomestatements.info
Category: Stock Reports