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Monday, March 15, 2021 4:40:40 PM
We posted strong financial results, year-over-year:
» Our annuity direct written premiums grew 158% to $415.6m
» Our adjusted revenue increased 241% to $24.1m
Cash and investments grew from $148 million in 2019 to $669.9 million in 2020. INCREDIBLE!!!
Adjusted net income for 2019 was a loss of $2.1 million. For 2020 it was a gain of $1.1 million!
For the full year 2020, annuity direct written premiums grew 158% to $415.6
million, compared to $161.4 million in 2019.
For the full year 2020, adjusted revenue was $24.1 million, an increase of 241% compared to $7.1 million in 2019. The largest components of adjusted revenue in 2020 include:
• $12.5 million of net revenue on reinsurance, primarily ceding commissions
• $4.0 million of investment income, net of expenses
• Reversal of $2.9 million of net realized losses on investments related to the
total return on the asset portfolios held by Midwest as collateral
• $3.5 million of net realized gains on investments related to FIA hedging
Rule #1 is never lose money.
Rule #2 is never forget Rule #1.
My posts are my opinions only. Do you your own due diligence.
Recent MDWT News
- Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments • Edgar (US Regulatory) • 01/05/2024 10:14:26 PM
- Form 15-12G - Securities registration termination [Section 12(g)] • Edgar (US Regulatory) • 01/02/2024 10:03:32 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 12/22/2023 07:56:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/22/2023 07:54:43 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/21/2023 09:15:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/21/2023 09:13:57 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/21/2023 09:12:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/21/2023 09:11:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/21/2023 09:08:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/21/2023 09:07:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/21/2023 09:05:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/21/2023 09:04:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/21/2023 09:02:44 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/21/2023 09:00:48 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 12/21/2023 06:27:54 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/21/2023 03:14:47 PM
- Midwest Holding Inc. Completes Acquisition by Antarctica Capital • PR Newswire (US) • 12/21/2023 02:43:00 PM
- Form 25-NSE - Notification filed by national security exchange to report the removal from listing and registration of matured, redeemed or retired securities • Edgar (US Regulatory) • 12/21/2023 02:40:05 PM
- Nebraska Department of Insurance Approves Acquisition of Midwest Holding Inc. by Antarctica Capital • PR Newswire (US) • 12/14/2023 10:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/13/2023 09:33:20 PM
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