Schedule II Condensed Financial Information of Registrant Statements of Cash Flows

12 Months Ended

Dec. 31, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information of Registrant Statements of Cash Flows

Midwest Holding Inc. (Parent Company)

Condensed Financial Information of Registrant

Statements of Cash Flows

	Year Ended December 31,
	2016			2015
Cash Flows from Operating Activities:
Net loss	$	(3,847,922	)	$	(2,518,029	)
Adjustments to reconcile net loss to net cash and cash equivalents used in               operating activities:
Equity in net loss of consolidated subsidiaries		2,972,023			747,476
Depreciation		31,931			43,825
Net realized gain on investments		117,500			-
Bargain purchase gain for business acquired		(1,326,526	)		(904,578	)
Equity in the net loss of unconsolidated subsidiaries		420,720			357,437
Other assets and liabilities		(861,791	)		986,290
Net cash used in operating activities		(2,494,065	)		(1,287,579	)
Cash Flows from Investing Activities:
Equity securities carried at cost:
Proceeds from equity securities carried at cost		30,250			9,000
Acquisition of First Wyoming Capital Corporation		-			165,759
Issurance of common stock acquisition of Northstar Financial		2,427,394			-
Purchases of property and equipment		(20,318	)		(37,480	)
Net cash provided by investing activities		2,437,326			137,279
Cash Flows from Financing Activities:
Issurance of common stock		-			286,722
Preferred stock dividend		(43,120	)		(56,057	)
Net cash provided by financing activities		(43,120	)		230,665
Net decrease in cash and cash equivalents		(99,859	)		(919,635	)
Cash and cash equivalents:
Beginning		212,422			1,132,057
Ending	$	112,563		$	212,422

See accompanying Report of Independent Registered Public Accounting Firm

Midwest Holding Inc. (Parent Company)

Condensed Financial Information of Registrant

Supplemental Cash Flow Information

	2016			2015
Supplemental Disclosure of Non-Cash Information
Common stock issued on the First Wyoming acquisition and
measurement period adjustment	$	(905,806	)	$	1,811,612
Common stock issued on Northstar Acquisition		2,405,874			-
	$	1,500,068		$	1,811,612

See accompanying Report of Independent Registered Public Accounting Firm