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Midwest Holding Inc. (NASDAQ: MDWT) reported financial results for 2022, achieving a net income of $7.1 million compared to a $16.6 million net loss in 2021. Earnings per share improved to $1.88, up from a loss of $4.45. Total revenue was $30 million, slightly down from $30.1 million in 2021. Annuity direct written premiums surged by 51.8% to $715.8 million, driven by strong growth. However, Q4 2022 saw a GAAP net loss of $9.7 million, worsened by lower investment income and rising legal expenses. The company expands into Florida and Georgia, anticipating 33% growth in premiums. Overall, 2023 projections suggest premiums between $800-$850 million.