Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Assets
Fixed maturities, available for sale, at fair value (amortized cost: $923,063 and $679,921, respectively) (See Note 4)	$ 894,471	$ 683,296
Mortgage loans on real estate, held for investment	193,902	183,203
Derivative instruments (See Note 5)	7,190	23,022
Equity securities, at fair value (cost: $12,762 in 2022 and $22,158 in 2021)	11,925	21,869
Other invested assets	71,170	35,293
Investment escrow	1,491	3,611
Federal Home Loan Bank (FHLB) stock	500	500
Preferred stock	22,072	18,686
Notes receivable	6,111	5,960
Policy loans	22	87
Total investments	1,208,854	975,527
Cash and cash equivalents	128,964	142,013
Deferred acquisition costs, net	33,164	24,530
Premiums receivable	359	354
Accrued investment income	18,297	13,623
Reinsurance recoverables (See Note 9)	24,121	38,579
Intangible assets	700	700
Property and equipment, net	1,823	386
Operating lease right of use assets	2,239	2,360
Receivable for securities sold	0	19,732
Other assets	17,454	2,113
Total assets	1,435,975	1,219,917
Liabilities:
Benefit reserves	12,879	12,941
Policy claims	3,232	237
Deposit-type contracts (See note 11)	1,283,660	1,075,439
Advance premiums	1	1
Deferred gain on coinsurance transactions	32,203	28,589
Lease liabilities (See Note 13):
Operating lease	2,249	2,364
Payable for securities purchased	2,770	5,546
Other liabilities	34,485	9,044
Total liabilities	1,371,479	1,134,161
Stockholders' Equity:
Preferred stock, $0.001 par value; authorized 2,000,000 shares; no shares issued and outstanding as of June 30, 2022 or December 31, 2021
Voting common stock, $0.001 par value; authorized 20,000,000 shares; 3,737,564 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively; non-voting common stock, $0.001 par value, 2,000,000 shares authorized; no shares issued and outstanding June 30, 2022 and December 31, 2021, respectively	4	4
Additional paid-in capital	138,838	138,452
Treasury stock	(175)	(175)
Retained earnings	(60,707)	(70,159)
Accumulated other comprehensive income (loss)	(25,877)	2,634
Total Midwest Holding Inc.'s stockholders' equity	52,083	70,756
Noncontrolling interests	12,413	15,000
Total stockholders' equity	64,496	85,756
Total liabilities and stockholders' equity	$ 1,435,975	$ 1,219,917