Midwest Holding Inc. (MDWT) Reports Q1 Revenues Miss
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Midwest Holding Inc. Reports First Quarter 2021 Results
May 13, 2021 4:45 PM EDTLINCOLN, Neb.--(BUSINESS WIRE)-- Midwest Holding Inc. (Midwest) (NASDAQ: MDWT), today announced financial results for its first quarter ended March 31, 2021.
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 2020 Non-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 2020 Non-GAAP management operating income (loss) available to common shareholders was a loss of $0.4 million in the first quarter of 2021, compared to... More