Three months ended June 30,

Six months ended June 30,

2022

2021

2022

2021

(in thousands, except per share amounts)

Numerator:

Net income (loss) attributable to Midwest Holding, Inc.

$

9,266

$

(4,992)

$

9,452

$

(6,594)

Denominator:

Weighted average common shares outstanding

3,737,564

Effect of dilutive securities:

Stock options and deferred compensation agreements

12,000

—

12,000

—

Denominator for earnings (loss) per common share

3,749,564

3,737,564

3,749,564

3,737,564

Income (loss) per common share

$

2.48

$

(1.34)

$

2.53

$

(1.76)

Income (loss) per common share, diluted

$

2.47

$

(1.34)

$

2.52

$

(1.76)