CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenues
Insurance premiums	$ 21	$ (2,479)
Investment income, net of expenses	1,240,978	190,995
Net realized gains on investments (See Note 5)	22,600,010	(4,397)
Amortization of deferred gain on reinsurance	182,438	806,047
Miscellaneous income	390,044	15,540
Total revenues	24,413,491	1,005,706
Expenses:
Interest credited	211,202	20,821
Benefits	(7,103)	3,395
Amortization of deferred acquisition costs	40,509	2,069
Salaries and benefits	824,896	539,449
Other operating expenses	1,325,113	1,934,990
Total expenses	2,394,617	2,500,724
Gain (loss) from continuing operations before taxes	22,018,874	(1,495,018)
Income tax expense	(407,916)	0
Net gain (loss)	21,610,958	(1,495,018)
Less: Gain attributable to noncontrolling interest	(62,500)
Net gain (loss) attributable to Midwest Holding Inc.	21,548,458	(1,495,018)
Comprehensive loss:
Unrealized (losses) gains on investments arising during period, net of tax	(4,170,973)	847,971
Unrealized losses on foreign currency	(405,275)
Less: reclassification adjustment for net realized gains on investments	(22,600,010)	4,397
Other comprehensive (loss) income	(27,176,258)	852,368
Comprehensive loss:	$ (5,627,800)	$ (642,650)
Net gain (loss) per common share
Basic	$ 0.021	$ (0.070)
Diluted	$ 0.016	$ (0.001)