MIDWEST HOLDING INC

General Information
Business:

(Note: This is not an IPO. This is a step-up, or an uplisting, to the NASDAQ from the OTCQB. Total revenue and net income figures are consolidated GAAP figures for the last 12 months, based on financial information in the prospectus.)

We are a rapidly growing financial services company focused on providing technology-enabled and services-oriented solutions to distributors and reinsurers of annuity and life insurance products in the United States. We utilize our technology platform and insurance company capabilities supported by reinsurance to develop and distribute what we believe to be competitive insurance products through third-party independent marketing organizations (“IMOs”). We seek to provide cost-effective and efficient policy administration services and asset management services as a comprehensive solution for reinsurers.

We operate our business primarily through three subsidiaries, American Life, 1505 Capital, which provides investment advisory and related asset management services, and Seneca Re. American Life is licensed to sell, underwrite, and market life insurance and annuity products in 21 states. We also provide insurance company administrative services through a division known as “m.pas” that was formed in 2019. 

 

Industry: Life Insurance
Employees: 41
Founded: 2003
Contact Information
Address 2900 South 70th Street, Suite 400 Lincoln, Nebraska 68506
Phone Number (402) 489-8266
Web Address http://www.midwestholding.com/
View Prospectus: MIDWEST HOLDING INC
Financial Information
Market Cap
Revenues $12.8 mil (last 12 months)
Net Income $1.6 mil (last 12 months)
IPO Profile
Symbol MDWT
Exchange NASDAQ
Shares (millions): 0.0
Price range $0.00 - $0.00
Est. $ Volume $50.0 mil
Manager / Joint Managers Piper Sandler
CO-Managers
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change