MDWT Midwest Holding Inc
Midwest Holding Inc. (“Midwest,” the “Company,” “we,” or “us”) was formed in Nebraska in 2003 as a financial services holding company. Our sole operating subsidiary, American Life & Security Corp. (“American Life”), is a Nebraska-domiciled life insurance company. The principal executive offices for Midwest and American Life are at 2900 South 70th Street, Suite 400, Lincoln, Nebraska 68506, phone number (402) 489-8266. As of December 31, 2018, statutory capital and surplus of American Life was approximately $21.0 million and it had a “B++” (“Good”) A.M. Best rating.
Company profile
Ticker
MDWT
Exchange
CEO
A. Michael Salem
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
Former names
Midwest Holding Inc
SEC CIK
Corporate docs
MDWT stock data
()
Calendar
8 Aug 19
21 Oct 19
31 Dec 19
News
Company financial data Financial data
| Quarter (USD) | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|
| Revenue | 1.56M | 1.01M | -961.32K | 611.37K | |
| Net income | -831.85K | -1.5M | -1.96M | ||
| Diluted EPS | -0 | -0.06 | -0.09 | ||
| Net profit margin | -53.24% | -149% | -321% | ||
| Net change in cash | 6.46M | 981.97K | 2.28M | -2.11M | |
| Cash on hand | 10.27M | 3.81M | 2.83M | 555.44K |
| Annual (USD) | Dec 18 | Dec 17 | Dec 16 | Dec 15 | |
|---|---|---|---|---|---|
| Revenue | 875.81K | 2.43M | 4.11M | 3.79M | |
| Net income | -2.52M | ||||
| Diluted EPS | -0.22 | -0.12 | -0.18 | -0.18 | |
| Net profit margin | -66.52% | ||||
| Operating income | -2.75M | -5.17M | -3.42M | ||
| Net change in cash | 1.88M | 289.98K | -530.79K | -1.12M | |
| Cash on hand | 2.83M | 951.53K | 661.55K | 1.19M |
Financial data from company earnings reports
Content analysis
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| Legalese | ||
| Litigous | ||
| Readability |
8th grade Avg
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New words:
Bank, broad, Code, collect, consecutive, exercised, Fargo, fifteen, forgave, higher, improved, introduced, Ironbound, Modco, owed, quota, reclassified, remuneration, shortage, trust, variable, withheld
Removed:
assuming, bankruptcy, collateral, continuously, Earlier, executed, foreclose, illustration, insolvency, involving, length, Lincoln, March, mentioned, month, observe, Rent, settled
Financial reports
10-Q
2019 Q2
Quarterly report
8 Aug 19
10-Q
2019 Q1
Quarterly report
23 May 19
10-K
2018 FY
Annual report
1 May 19
10-Q
2018 Q3
Quarterly report
9 Nov 18
10-Q/A
2018 Q2
Quarterly report (amended)
28 Sep 18
10-Q/A
2018 Q1
Quarterly report (amended)
28 Sep 18
10-Q/A
2018 Q2
Quarterly report (amended)
20 Sep 18
10-Q/A
2018 Q1
Quarterly report (amended)
20 Sep 18
10-K/A
2017 FY
Annual report (amended)
7 Sep 18
10-Q
2018 Q2
Quarterly report
14 Aug 18
Current reports
8-K
Entry into a Material Definitive Agreement
7 Aug 19
8-K
Unregistered Sales of Equity Securities
19 Jun 19
8-K
Departure of Directors or Certain Officers
17 Jun 19
8-K
Changes in Registrant's Certifying Accountant
7 May 19
8-K
Departure of Directors or Certain Officers
3 May 19
8-K
Amendments to Articles of Incorporation or Bylaws
2 Apr 19
8-K/A
Financial Statements and Exhibits
8 Feb 19
8-K
Completion of Acquisition or Disposition of Assets
13 Dec 18
8-K
Entry into a Material Definitive Agreement
6 Dec 18
8-K
Submission of Matters to a Vote of Security Holders
16 Nov 18
Registration and prospectus
424B3
Prospectus supplement
23 Feb 16
S-4/A
Registration of securities issued in business combination transactions (amended)
29 Jan 16
S-4
Registration of securities issued in business combination transactions
8 Jan 16
424B3
Prospectus supplement
22 Sep 15
S-4
Registration of securities issued in business combination transactions
26 Aug 15
D
$6M in equity, sold $388K, 5 investors
4 Jun 14
424B3
Prospectus supplement
13 May 14
S-4/A
Registration of securities issued in business combination transactions (amended)
8 May 14
S-4/A
Registration of securities issued in business combination transactions (amended)
13 Feb 14
S-4
Registration of securities issued in business combination transactions
11 Feb 14
Proxies
DEF 14A
Definitive proxy
30 Apr 19
DEF 14A
Definitive proxy
22 Oct 18
PRE 14A
Preliminary proxy
2 Oct 18
DEF 14A
Definitive proxy
9 Jun 17
DEF 14A
Definitive proxy
29 Apr 16
DEF 14A
Definitive proxy
5 May 15
DEF 14A
Definitive proxy
1 May 14
DEF 14A
Definitive proxy
30 Apr 13
DEF 14A
Definitive proxy
30 Apr 12
Other
EFFECT
Notice of effectiveness
3 Feb 16
CORRESP
Correspondence with SEC
1 Feb 16
CORRESP
Correspondence with SEC
29 Jan 16
UPLOAD
Letter from SEC
26 Jan 16
EFFECT
Notice of effectiveness
11 Sep 15
CORRESP
Correspondence with SEC
9 Sep 15
UPLOAD
Letter from SEC
3 Sep 15
EFFECT
Notice of effectiveness
12 May 14
CORRESP
Correspondence with SEC
9 May 14
CORRESP
Correspondence with SEC
8 May 14