XML 31 R84.htm IDEA: XBRL DOCUMENT v3.20.1
Schedule II Condensed Financial Information of Registrant Statements of Comprehensive Income (Details) - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Revenues    
Investment (loss) income, net of expenses $ 120,581 $ 515,888
Miscellaneous income 281,956 58,842
Revenues 3,399,788 875,812
Expenses:    
Income tax expense 234,180 0
(Loss) income before equity in loss of consolidated subsidiaries (5,609,181) (5,065,534)
Equity in loss of consolidated subsidiaries (124,477)  
Net loss attributable to Midwest Holding Inc. (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)
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)
Parent Company [Member]    
Revenues    
Investment (loss) income, net of expenses (270) 22
Miscellaneous income 48,368 133,692
Revenues 48,098 133,714
Expenses:    
General 1,385,608  
Loss before income tax expense (1,337,510) 133,714
(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 attributable to Midwest Holding Inc. (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)