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Financial Snapshot

Revenue
TTM
$90.60M
Gross Margin
Last 4 Quarters
N/A
Net Income
TTM
-$9.409M
Current Assets
Last 4 Quarters
N/A
Current Liabilities
Last 4 Quarters
N/A
Current Ratio
Last 4 Quarters
N/A
Total Assets
2023 Q3
Total Liabilities
2023 Q3
Book Value
2023 Q3
21.95M
Cash
2023 Q3
P/E
Last 4 Quarters
N/A
Free Cash Flow
TTM
$70.53M

Stock Price

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Market Cap: $101.07 Million

About MIDWEST HOLDING INC.

Midwest Holding, Inc. engages in the provision of insurance services. The company is headquartered in Lincoln, Nebraska and currently employs 91 full-time employees. The company went IPO on 2015-05-14. The firm is a technology-enabled, services-oriented annuity platform. The company operates through its wholly owned subsidiaries, American Life & Security Corp. (American Life) and 1505 Capital LLC, as well as through its sponsored captive reinsurance company, Seneca Reinsurance Company, LLC. American Life is licensed to sell, underwrite, and market life insurance and annuity products in 25 states and the District of Columbia. The company designs and develops annuity products that are distributed through independent distribution channels, to a large and growing demographic of United States retirees. The firm originates, manages, and typically transfers these annuities through reinsurance arrangements to asset managers and other third-party investors. The company also provides the operational and regulatory infrastructure and expertise to enable asset managers and third-party investors to form and manage their own reinsurance capital vehicles.

Industry: Life Insurance Peers: Citizens Inc MetLife Inc UTG Inc Vericity, Inc.

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