Schedule II Condensed Financial Information of Registrant Statements of Comprehensive Income

12 Months Ended

Dec. 31, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information of Registrant Statements of Comprehensive Income

Midwest Holding Inc. (Parent Company)

Condensed Financial Information of Registrant

Statements of Comprehensive Income

	As of December 31,
	2016			2015
Income:
Investment loss, net of expenses	$	(5,635	)	$	(5,826	)
Net realized loss on investments		(117,500	)		-
Loss on equity method investment		(420,720	)		(357,437	)
Miscellaneous income		515,667			536,997
		(28,188	)		173,734
Expenses:
General		2,054,032			1,562,147
Loss before income tax expense		(2,082,220	)		(1,388,413	)
Income tax expense		-			-
Loss before equity in loss of consolidated subsidiaries		(2,082,220	)		(1,388,413	)
Equity in loss of consolidated subsidiaries		(3,092,228	)		(2,034,194	)
Bargain purchase gain for business acquisition		1,326,526			904,578
Net loss	$	(3,847,922	)	$	(2,518,029	)
Comprehensive loss:
Unrealized losses on investments arising during period		(212,574	)		(737,832	)
Less: reclassification adjustment for net realized (gains) losses on investments		(31,504	)		117,364
Other comprehensive loss		(244,078	)		(620,468	)
Comprehensive loss	$	(4,092,000	)	$	(3,138,497	)

See accompanying Report of Independent Registered Public Accounting Firm