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Consolidated Statements of Comprehensive Income - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Income:        
Premiums $ 993,554 $ 950,858 $ 1,872,105 $ 1,973,288
Investment income, net of expenses 100,121 (3,042) 295,745 (57,092)
Net realized (loss) gain on investments (74,543) 16,273 3,705 (5,661)
Miscellaneous income 44,392 87,207 99,244 162,042
Total Income 1,063,524 1,051,296 2,270,799 2,072,577
Expenses:        
Death and other benefits 262,432 479,191 461,299 677,363
Interest credited 126,246 101,956 255,598 192,509
Increase in benefit reserves 247,927 243,854 498,551 376,513
Amortization of deferred acquisition costs 123,503 161,937 253,850 326,094
Salaries and benefits 479,284 622,704 991,835 1,144,736
Other operating expenses 647,217 829,666 1,412,871 1,718,828
Total Expenses 1,886,609 2,439,308 3,874,004 4,436,043
Loss before income tax expense $ (823,085) $ (1,388,012) $ (1,603,205) $ (2,363,466)
Income tax expense        
Net loss $ (823,085) $ (1,388,012) $ (1,603,205) $ (2,363,466)
Less: Loss attributable to noncontrolling interest   (250,307)   (435,834)
Net loss attributable to Midwest Holding Inc. $ (823,085) (1,137,705) $ (1,603,205) (1,927,632)
Comprehensive income:        
Unrealized (losses) gains on investments arising during period (646,053) 216,038 (501,910) 457,983
Less: reclassification adjustment for net realized (gains) losses on investments 74,543 (16,273) (3,705) 5,661
Other comprehensive income $ (571,510) 199,765 $ (505,615) 463,644
Less: Comprehensive income attributable to noncontrolling interest   40,473   53,828
Total comprehensive income attributable to Midwest Holding Inc. $ (571,510) 159,292 $ (505,615) 409,816
Comprehensive loss attributable to Midwest Holding Inc. $ (1,394,595) $ (978,413) $ (2,108,820) $ (1,517,816)
Net loss attributable to Midwest Holding Inc. per common share, basic and diluted $ (0.06) $ (0.12) $ (0.12) $ (0.20)