Name | Value |
---|---|
Revenues | 29.1M |
Cost of Revenue | 10.8M |
Gross Profit | 18.2M |
Operating Expense | 0.5M |
Operating I/L | 17.8M |
Other Income/Expense | 1.6M |
Interest Income | 10.2M |
Pretax | 2.5M |
Income Tax Expense | 3.0M |
Net Income/Loss | -3.9M |
Midwest Holding Inc. is a financial services company specializing in life and annuity insurance products in the United States. The company offers multi-year guaranteed and fixed indexed annuity products through independent distributors, such as independent marketing organizations. Additionally, it provides asset management services to third-party insurers and reinsurers, along with policy administration services. Midwest Holding Inc. generates revenue through the sale of its annuity products and by providing asset management and policy administration services to other insurers and reinsurers.