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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities:    
Income (loss) attributable to Midwest Holding, Inc. $ 9,452 $ (6,594)
Adjustments to arrive at cash provided by operating activities:    
Net premium and discount on investments (3,834) (438)
Depreciation and amortization 143 25
Stock options 386 1,770
Amortization of deferred acquisition costs 1,902 1,027
Deferred acquisition costs capitalized (10,635) (9,041)
Net realized loss on investments 18,810 589
Deferred gain on coinsurance transactions 3,614 6,674
Changes in operating assets and liabilities:    
Reinsurance recoverable 18,383 (13,530)
Interest and dividends due and accrued (4,674) (3,642)
Premiums receivable (6) (20)
Deposit-type liabilities (27,795) (4,317)
Policy liabilities 2,933 11,651
Receivable and payable for securities 16,955  
Other assets and liabilities 9,893 7,121
Net cash provided by (used in) operating activities 35,527 (8,725)
Fixed maturities available for sale:    
Purchases (418,011) (342,717)
Proceeds from sale or maturity 187,670 132,752
Mortgage loans on real estate, held for investment    
Purchases (55,431) (51,979)
Proceeds from sale 46,853 16,597
Derivatives    
Purchases (11,421) (9,850)
Proceeds from sale 3,232 3,063
Purchases   (46,924)
Proceeds from sale 11,009  
Other invested assets    
Purchases (44,257) (32,292)
Proceeds from sale 3,334 16,915
Purchase of restricted common stock in FHLB   (500)
Preferred stock (3,474) (779)
Net change in policy loans 65 (6)
Net purchases of property and equipment (1,573) (35)
Net cash provided by (used in) investing activities (282,004) (315,755)
Cash Flows from Financing Activities:    
Net transfer to noncontrolling interest (2,587)  
Capital contribution   (129)
Receipts on deposit-type contracts 254,145 249,519
Withdrawals on deposit-type contracts (18,130) (6,310)
Net cash provided by (used in) financing activities 233,428 243,080
Net increase (decrease) in cash and cash equivalents (13,049) (81,400)
Cash and cash equivalents:    
Beginning 142,013 151,679
Ending 128,964 70,279
Supplementary information    
Cash paid for taxes $ 2,870 $ 1,500