MDWT - Earnings announcements

LINCOLN, Neb., May 5, 2023 /PRNewswire/ -- Midwest Holding Inc. ("Midwest") (NASDAQ:MDWT) today announced that it will release its financial and operating results for the first quarter 2023 after the close of the financial markets on Monday, May 15, 2023. The Company plans to issue a press release and post the results on the investor relations section of its website at https://ir.midwestholding.com. As announced on May 1, 2023, Midwest has entered into a definitive merger agreement to be acquired by an affiliate of Antarctica Capital for $27.00 per share in an all-cash transaction. The transaction has been unanimously approved by Midwest's Board of Directors and is expected to close in the s

LINCOLN, Neb., March 27, 2023 /PRNewswire/ -- Midwest Holding Inc. ("Midwest") (NASDAQ:MDWT), today announced financial results for the fourth quarter and full year ended December 31, 2022. Fourth Quarter and Full Year 2022 Highlights: GAAP net income for the year was $7.1 million compared with a $(16.6) million net loss recorded in 2021. GAAP earnings were $1.88 per share (diluted) versus a ($4.45) per share (diluted) loss in the prior year. For the fourth quarter 2022, a GAAP net loss of $(9.7) million was incurred compared to a loss of $(7.0) million in the prior year fourth quarter driven by lower investment income from other invested assets and an increase in other expenses related to l

LINCOLN, Neb., March 6, 2023 /PRNewswire/ -- Midwest Holding Inc. ("Midwest") (NASDAQ:MDWT) today announced plans to host a conference call to discuss its financial and operating results for the fourth quarter and full year of 2022 on Tuesday, March 28, 2023, at 8:30 a.m. Eastern Time. The Company also plans to post those results on the investor relations section of its website at https://ir.midwestholding.com  after the close of the financial markets on Monday, March 27, 2023. To register for this conference call, please use the following link:  https://www.netroadshow.com/events/login?show=adad8263&confId=46432 Registrants will receive a confirmation email with dial-in details. The call ma

LINCOLN, Neb., Nov.14, 2022 /PRNewswire/ -- Midwest Holding Inc. ("Midwest") (NASDAQ:MDWT), today announced financial results for the third quarter of 2022. Third Quarter 2022 Highlights: GAAP net income was $7.4 million compared to a $(3.1) million GAAP net loss incurred in the third quarter of 2021.   GAAP earnings were $1.96 per share (diluted) versus the $(0.82) per-share loss in Q3 2021.GAAP total revenue was $19.0 million compared to total revenue of $5.8 million in the third quarter of 2021. Total revenue was increased by net investment income of $12.9 million compared to $6.2 million in third quarter of 2021, as invested assets grew to $1.4 billion as of September 30, 2022, compared

LINCOLN, Neb., Oct. 20, 2022 /PRNewswire/ -- Midwest Holding Inc. ("Midwest") (NASDAQ:MDWT) today announced plans to host a conference call to discuss its financial and operating results for the third quarter of 2022 on November 15, 2022, at 8:30 a.m. Eastern Time. The Company also plans to post those results on the investor relations section of its website at https://ir.midwestholding.com  after the close of the financial markets on November 14, 2022. To register for this conference call, please use the following link: https://www.netroadshow.com/events/login?show=7e33e531&confId=42860 Registrants will receive a confirmation email with dial-in details. The call may also be accessed via we

LINCOLN, Neb., Aug. 15, 2022 /PRNewswire/ -- Midwest Holding Inc. ("Midwest") (NASDAQ:MDWT), today announced financial results for the second quarter of 2022. Second Quarter 2022 Highlights: GAAP net income was $9.3 million compared to a $(5.0) million GAAP net loss incurred in the second quarter of 2021. GAAP earnings were $2.47 per share (diluted) versus the $(1.34) per-share loss in Q1 2021.GAAP total revenue was slightly negative at $(122,000) compared to total revenue of $8.9 million in the second quarter of 2021. Total revenue was increased by net investment income of $10.5 million compared to $3.2 million in second quarter of 2021, as invested assets grew to $1.2 billion as of June 30

LINCOLN, Neb., Aug. 4, 2022 /PRNewswire/ -- Midwest Holding Inc. ("Midwest") (NASDAQ:MDWT) today announced plans to host a conference call to discuss its financial and operating results for the second quarter of 2022 on August 16, 2022, at 8:30 a.m. Eastern Time. The Company also plans to post those results on the investor relations section of its website at https://ir.midwestholding.com  after the close of the financial markets on August 15, 2022. To register for this conference call, please use the following link: https://ige.netroadshow.com/registration/q4inc/11308/midwest-holding-inc-reports-second-quarter-2022-results/ . Registrants will receive a confirmation email with dial-in details

LINCOLN, Neb., May 16, 2022 /PRNewswire/ -- Midwest Holding Inc. ("Midwest") (NASDAQ:MDWT), today announced financial results for the first quarter of 2022. First Quarter 2022 Highlights: GAAP net income was $187,000 compared to a $(1.6) million GAAP net loss incurred in the first quarter of 2021. GAAP earnings were 5 cents per share (diluted) versus the (43) cent per-share loss in Q1 2021.GAAP total revenue was $2.6 million compared to the negative total revenue of $(614,000) in the first quarter of 2021. Driving the year-over-year improvement in total revenue was increased net investment income, as invested assets grew to $1.1 billion as of March 31, 2022, compared with $693 million as of

LINCOLN, Neb., May 5, 2022 /PRNewswire/ -- Midwest Holding Inc. ("Midwest") (NASDAQ:MDWT) today announced plans to host a conference call to discuss financial and operating results for the first quarter of 2022 on May 17, 2022, at 8:30 a.m. Eastern Time. The Company also plans to post those results on the investor relations section of its website at https://ir.midwestholding.com after the close of the financial markets on May 16, 2022.   To register for this conference call, please go to this link. https://www.incommglobalevents.com/registration/q4inc/10823/midwest-holding-inc-q12022/Registrants will receive confirmation with dial-in details. The call can also be accessed via webcast, using

LINCOLN, Neb., March 24, 2022 /PRNewswire/ -- Midwest Holding Inc. ("Midwest") (NASDAQ:MDWT), today announced financial results for the fourth quarter and full year ended December 31, 2021. Fourth Quarter 2021 Highlights: GAAP net loss was $7.0 million compared with the $11.9 million net loss recorded in the fourth quarter of 2020.GAAP revenue was $16.0 million compared with negative revenue of ($0.8 million) in the fourth quarter of 2020, driven by an increase in investment income from growth in invested assets, higher service fees and from net realized investment gains compared to a net realized investment loss in the fourth quarter of 2020.Annuity direct written premium under statutory ac

LINCOLN, Neb., March 16, 2022 /PRNewswire/ -- Midwest Holding Inc. ("Midwest") (NASDAQ:MDWT) today announced plans to host a conference call to discuss financial and operating results for the fourth quarter and full year 2021 on March 25, 2022, at 12:00 p.m. Eastern Time. The Company also plans to post those results on the investor relations section of its website at https://ir.midwestholding.com after the close of the financial markets on March 24, 2022.   To register for this conference call, please go to this link.   Registrants will receive confirmation with dial-in details.  The call may also be accessed via webcast, using this link.  A replay of the webcast will be made available after

LINCOLN, Neb., Nov. 11, 2021 /PRNewswire/ -- Midwest Holding Inc. ("Midwest") (NASDAQ:MDWT), today announced financial results for its third quarter ended September 30, 2021. Third Quarter 2021 Highlights GAAP net loss was $3.1 million in the third quarter of 2021, down compared to a net loss of $5.5 million in the third quarter of 2020 GAAP revenue was $5.8 million in the third quarter of 2021, compared to negative $0.5 million in the third quarter of 2020 driven by an increase in investment income from growth in the asset portfolio and market performance along with increase

LINCOLN, Neb., Oct. 28, 2021 /PRNewswire/ -- Midwest Holding Inc. ("Midwest") (NASDAQ:MDWT) today announced plans to host a conference call to discuss financial and operating results for the third quarter 2021 on Friday, November 12, 2021, at 12:00 p.m. Eastern Time. The Company also plans to release its third quarter fiscal year 2021 results on the investor relations section of its website at https://ir.midwestholding.com after the close of the financial markets on Thursday, November 11, 2021. CONFERENCE CALL DETAILS To pre-register for this call, please go to the following

LINCOLN, Neb., Aug. 12, 2021 /PRNewswire/ -- Midwest Holding Inc. ("Midwest") (NASDAQ:MDWT), today announced financial results for its second quarter ended June 30, 2021.  Second Quarter 2021 Highlights GAAP revenue was $8.9 million in the second quarter of 2021, compared to negative $12.5 million in the second quarter of 2020 GAAP net (loss) income was a net loss of $5.0 million in the second quarter of 2021, compared to a net loss of $16.6 million in the second quarter of 2020 Annuity direct written premiums under statutory accounting principles (non-GAAP) grew 26% to $125.9

LINCOLN, Neb., July 28, 2021 /PRNewswire/ -- Midwest Holding Inc. ("Midwest") (NASDAQ:MDWT) today announced plans to host a conference call to discuss financial and operating results for the second quarter 2021 on Friday, August 13, 2021, at 12:00 p.m. Eastern Time. The Company also plans to release its second quarter fiscal year 2021 results on the investor relations section of its website at https://ir.midwestholding.com after the close of the financial markets on Thursday, August 12, 2021. CONFERENCE CALL DETAILSTo pre-register for this call, please go to the following lin