the insurance industry is archaic; midwest is here to help. we are a unique cross disciplinary team of insurance, technology and investment professionals building innovative businesses at the intersection of insurance and technology. our mission is to advance the insurance value chain with technology and services that reduce cost, increase value, and provide a better experience for our partners and customers.
Company profile
Ticker
MDWT
Exchange
Website
CEO
A. Michael Salem / Michael W. Minnich
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
MIDWEST HOLDING INC
SEC CIK
Corporate docs
Subsidiaries
American Life & Security Corp. • 1505 Capital LLC • Seneca Reinsurance Company, LLC • Seneca Incorporated • Midwest Capital Corporation ...
MDWT stock data
Latest filings (excl ownership)
S-8 POS
Registration of securities for employees (post-effective amendment)
5 Jan 24
S-8 POS
Registration of securities for employees (post-effective amendment)
5 Jan 24
S-8 POS
Registration of securities for employees (post-effective amendment)
5 Jan 24
15-12G
Securities registration termination
2 Jan 24
8-K
Entry into a Material Definitive Agreement
21 Dec 23
25-NSE
Exchange delisting
21 Dec 23
8-K
Midwest Holding Inc. Reports Third Quarter 2023 Results
13 Nov 23
10-Q
2023 Q3
Quarterly report
13 Nov 23
CT ORDER
Confidential treatment order
5 Sep 23
10-Q
2023 Q2
Quarterly report
11 Aug 23
Transcripts
MDWT
Earnings call transcript
2022 Q4
28 Mar 23
MDWT
Earnings call transcript
2022 Q3
15 Nov 22
MDWT
Earnings call transcript
2022 Q2
16 Aug 22
MDWT
Earnings call transcript
2022 Q1
17 May 22
MDWT
Earnings call transcript
2021 Q4
25 Mar 22
MDWT
Earnings call transcript
2021 Q3
12 Nov 21
MDWT
Earnings call transcript
2021 Q2
13 Aug 21
MDWT
Earnings call transcript
2021 Q1
14 May 21
MDWT
Earnings call transcript
2020 Q4
15 Mar 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 197.80 mm | 197.80 mm | 197.80 mm | 197.80 mm | 197.80 mm | 197.80 mm |
Cash burn (monthly) | (no burn) | 905.00 k | (no burn) | (no burn) | 7.69 mm | (no burn) |
Cash used (since last report) | n/a | 5.99 mm | n/a | n/a | 50.88 mm | n/a |
Cash remaining | n/a | 191.81 mm | n/a | n/a | 146.93 mm | n/a |
Runway (months of cash) | n/a | 211.9 | n/a | n/a | 19.1 | n/a |
Institutional ownership, Q3 2023
47.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 28 |
Opened positions | 2 |
Closed positions | 1 |
Increased positions | 5 |
Reduced positions | 9 |
13F shares | Current |
---|---|
Total value | 16.28 bn |
Total shares | 1.78 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Douglas K Bratton | 445.17 k | $0.00 |
Knott David M Jr | 390.24 k | $10.21 mm |
Knott Partners | 243.94 k | $4.28 mm |
Raymond James & Associates | 107.71 k | $2.82 bn |
Vanguard | 107.22 k | $2.80 bn |
TFO USA | 99.59 k | $2.60 bn |
Gradient Investments | 82.23 k | $2.15 bn |
Crystalline Management | 64.04 k | $1.67 bn |
Trium Capital | 43.62 k | $1.14 mm |
Ergoteles | 37.43 k | $978.69 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
22 Dec 23 | Knott David M Jr | Common Stock | Sell | Dispose S | Yes | No | 27 | 390,241 | 10.54 mm | 0 |
20 Dec 23 | Nancy Lyons Callahan | Common Stock | Sale back to company | Dispose D | No | No | 27 | 1,164 | 31.43 k | 0 |
20 Dec 23 | Nancy Lyons Callahan | Common Stock | Sale back to company | Dispose D | No | No | 27 | 3,401 | 91.83 k | 1,164 |
20 Dec 23 | Yadin Rozov | Common Stock | Sale back to company | Dispose D | No | No | 27 | 1,164 | 31.43 k | 0 |
20 Dec 23 | Yadin Rozov | Common Stock | Sale back to company | Dispose D | No | No | 27 | 22,661 | 611.85 k | 1,164 |
20 Dec 23 | Firman Leung | Common Stock | Sale back to company | Dispose D | No | No | 27 | 1,164 | 31.43 k | 0 |
20 Dec 23 | Firman Leung | Common Stock | Sale back to company | Dispose D | No | No | 27 | 3,401 | 91.83 k | 1,164 |
20 Dec 23 | Firman Leung | Stock Option Common Stock | Sale back to company | Dispose D | No | No | 2 | 100 | 200.00 | 0 |
20 Dec 23 | Diane C. Davis | Common Stock | Sale back to company | Dispose D | No | No | 27 | 1,164 | 31.43 k | 0 |
20 Dec 23 | Diane C. Davis | Common Stock | Sale back to company | Dispose D | No | No | 27 | 3,401 | 91.83 k | 1,164 |