Schedule II Condensed Financial Information of Registrant Statements of Comprehensive Income

12 Months Ended

Dec. 31, 2019

Condensed Financial Information Disclosure [Abstract]

Condensed Financial Information of Registrant Statements of Comprehensive Loss

Midwest Holding Inc. (Parent Company)

Condensed Financial Information of Parent

Statements of Comprehensive Loss

	As of December 31,
	2019		2018
Income:
Investment (loss) income, net of expenses	$	(270)	$	22
Miscellaneous income		48,368		133,692
		48,098		133,714
Expenses:
General		1,385,608		—
(Loss) income before income tax expense		(1,337,510)		133,714
Income tax expense		—		—
(Loss) income before equity in loss of consolidated subsidiaries		(1,337,510)		133,714
Equity in loss of consolidated subsidiaries		(4,396,148)		(5,199,248)
Net loss	$	(5,733,658)	$	(5,065,534)
Comprehensive Income (Loss):
Unrealized gains (losses) on investments arising during period, net of tax		2,645,015		(1,258,971)
Unrealized gains on foreign currency, net of tax		146,185		—
Less: reclassification adjustment for net realized gains on investments		(353,602)		(47,824)
Other comprehensive income (loss), net of tax		2,437,598		(1,306,795)
Comprehensive loss	$	(3,296,060)	$	(6,372,329)