Midwest Holding Inc. Reports First Quarter 2021 Results
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Midwest Holding Inc. (MDWT) Reports Q1 Revenues Miss
May 13, 2021 4:53 PM EDTMidwest Holding Inc. (NASDAQ: MDWT) reported Q1 revenue for the quarter came in at $6.43 million versus the consensus estimate of $9.01 million.
First Quarter 2021 Highlights
Annuity direct written premiums under statutory accounting principles grew 159% to $123.7 million in the first quarter of 2021, compared to $47.8 million in the first quarter of 2020Non-GAAP management revenue grew 126% to $6.4 million in the first quarter of 2021, compared to $2.8 million in the first quarter of 2020Non-GAAP management operating income (loss) available to common shareholders was a loss of $0.4... More