Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Assets
Fixed maturities, available for sale, at fair value (amortized cost: $1,609,005 in 2023, and $1,269,735 in 2022. Allowance for credit losses of $8,916 in 2023.) (See Note 3)	$ 1,538,912	$ 1,214,635
Mortgage loans on real estate, held for investment (Allowance for credit losses of $1,493 in 2023.)	352,908	227,047
Derivative instruments (See Note 4)	36,861	15,934
Equity securities, at fair value (cost: $5,592 in 2023 and $5,592 in 2022)	5,144	5,111
Other invested assets (Allowance for credit losses of $1,343 in 2023.)	107,902	112,431
Preferred stock	33,805	31,415
Deposits and notes receivable	11,012	8,359
Policy loans	55	25
Total investments	2,086,599	1,614,957
Cash and cash equivalents	194,275	191,414
Deferred acquisition costs, net	57,604	43,433
Premiums receivable	372	362
Accrued investment income	35,050	25,165
Reinsurance recoverables (See Note 8)	39,899	20,190
Property and equipment, net	1,811	1,897
Receivable for securities sold	441	10,518
Other assets	11,990	12,495
Total assets	2,428,041	1,920,431
Liabilities:
Benefit reserves	12,646	12,945
Deposit-type contracts (See Note 6)	2,218,725	1,743,348
Other policy-holder funds	6,474	4,105
Notes payable (See Note 7)	25,000	25,000
Deferred gain on coinsurance transactions	43,214	38,063
Payable for securities purchased	44,656	8,872
Other liabilities	48,026	53,721
Total liabilities	2,398,741	1,886,054
Stockholders' Equity:
Preferred stock, $0.001 par value; authorized 2,000,000 shares; no shares issued and outstanding as of June 30, 2023 or December 31, 2022
Voting common stock, $0.001 par value; authorized 20,000,000 shares; 3,744,645 shares issued and outstanding as of June 30, 2023, and 3,727,976 as of December 31, 2022, respectively; non-voting common stock, $0.001 par value, 2,000,000 shares authorized; no shares issued and outstanding June 30, 2023 and December 31, 2022, respectively	4	4
Additional paid-in capital	139,085	138,482
Treasury stock	(175)	(175)
Accumulated deficit	(67,746)	(63,019)
Accumulated other comprehensive loss	(57,433)	(51,386)
Total Midwest Holding Inc.'s stockholders' equity	13,735	23,906
Noncontrolling interests	15,565	10,471
Total stockholders' equity	29,300	34,377
Total liabilities and stockholders' equity	$ 2,428,041	$ 1,920,431