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Consolidated Statements of Comprehensive Income - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income:        
Premiums $ 819,017 $ 942,162 $ 2,691,122 $ 2,915,450
Investment income, net of expenses 78,686 45,400 374,431 (11,692)
Net realized (loss) gain on investments (16,088) 104,741 (12,383) 99,080
Miscellaneous income 53,963 87,413 153,207 249,455
Total Income 935,578 1,179,716 3,206,377 3,252,293
Expenses:        
Death and other benefits 194,398 184,587 655,697 861,950
Interest credited 105,657 107,288 361,255 299,797
Increase in benefit reserves 74,051 419,087 572,602 795,600
Amortization of deferred acquisition costs 119,282 141,196 373,132 467,290
Salaries and benefits 438,128 637,761 1,429,963 1,782,497
Other operating expenses 473,919 576,069 1,886,790 2,294,897
Total Expenses 1,405,435 2,065,988 5,279,439 6,502,031
Loss before income tax expense $ (469,857) $ (886,272) $ (2,073,062) $ (3,249,738)
Income tax expense
Net loss $ (469,857) $ (886,272) $ (2,073,062) $ (3,249,738)
Less: Loss attributable to noncontrolling interest (25,085) (460,919)
Net loss attributable to Midwest Holding Inc. $ (469,857) (861,187) $ (2,073,062) (2,788,819)
Comprehensive income:        
Unrealized (losses) gains on investments arising during period 128,952 (44,989) (372,958) 412,993
Less: reclassification adjustment for net realized (gains) losses on investments 16,088 (104,741) 12,383 (99,080)
Other comprehensive income $ 145,040 (149,730) $ (360,575) 313,913
Less: Comprehensive income attributable to noncontrolling interest (17,288) 36,540
Total comprehensive income attributable to Midwest Holding Inc. $ 145,040 (132,442) $ (360,575) 277,373
Comprehensive loss attributable to Midwest Holding Inc. $ (324,817) $ (993,629) $ (2,433,637) $ (2,511,446)
Net loss attributable to Midwest Holding Inc. per common share, basic and diluted $ (0.04) $ (0.08) $ (0.16) $ (0.32)