Welcome to our dedicated page for Midwest Hldg news (Ticker: MDWT), a resource for investors and traders seeking the latest updates and insights on Midwest Hldg stock.
Midwest Holding Inc. (NASDAQ: MDWT) operates at the intersection of insurance innovation and retirement solutions, delivering technology-driven annuity products through independent channels. This page provides investors and industry observers with essential updates on strategic developments, financial performance, and product advancements.
Access timely announcements including merger progress with Antarctica Capital, quarterly earnings reports, and innovations like the American Fusion MYGIA. Our curated news collection serves as your primary source for understanding MDWT's market position and operational milestones.
Key updates cover reinsurance partnerships, regulatory developments, and leadership changes. Bookmark this page to monitor how Midwest's unique integration of insurance expertise and technological efficiency continues to reshape retirement planning solutions.
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.
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