Midwest Holding (Midwest Holding) Retained Earnings : $-67.36 Mil (As of Sep. 2023)

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What is Midwest Holding Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Midwest Holding's retained earnings for the quarter that ended in Sep. 2023 was $-67.36 Mil.

Midwest Holding's quarterly retained earnings declined from Mar. 2023 ($-63.86 Mil) to Jun. 2023 ($-67.75 Mil) but then increased from Jun. 2023 ($-67.75 Mil) to Sep. 2023 ($-67.36 Mil).

Midwest Holding's annual retained earnings declined from Dec. 2020 ($-53.52 Mil) to Dec. 2021 ($-70.16 Mil) but then increased from Dec. 2021 ($-70.16 Mil) to Dec. 2022 ($-63.02 Mil).

Midwest Holding Retained Earnings Historical Data

The historical data trend for Midwest Holding's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Midwest Holding Retained Earnings Chart

Midwest Holding Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Retained Earnings

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-35.35

-41.08

-53.52

-70.16

-63.02

Midwest Holding Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Retained Earnings	Get a 7-Day Free Trial															-53.28	-63.02	-63.86	-67.75	-67.36

Midwest Holding Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Midwest Holding (NAS:MDWT) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Midwest Holding (Midwest Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Midwest Holding Inc (NAS:MDWT) » Definitions » Retained Earnings

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Traded in Other Exchanges

N/A

Address

2900 South 70th Street, Suite 400, Lincoln, NE, USA, 68506

Website

https://www.midwestholding.com

Midwest Holding Inc is a financial service holding company. The company is engaged in the underwriting and marketing of life insurance products through American Life. Its product offerings consist of a multi-benefit life insurance policy that combines cash value life insurance with a tax-deferred annuity and a single premium term life product. These product offerings are underwritten, marketed, and managed as a group of similar products on an overall portfolio basis. Geographically, the activities are carried out throughout the region of the United States.

Executives

Knott David M Jr	10 percent owner	DORSET MANAGEMENT CORPORATION, 485 UNDERHILL BOULEVARD, SUITE 205, SYOSSET NY 11791
Diane C. Davis	director	201 WELLS AVENUE SOUTH, RENTON WA 98057
Nancy Lyons Callahan	director	2900 SOUTH 70TH STREET, SUITE 400, LINCOLN NE 68506
Kevin Martin Sheehan	director	115 PINE BROOK ROAD, BEDFORD NY 10506
Knott Partners Lp	10 percent owner	485 UNDERHILL BOULEVARD, SUITE 205, SYOSSET NY 11791
Eoin Elliffe	officer: Chief Risk Officer	2900 SOUTH 70TH STREET, SUITE 400, LINCOLN NE 68506
Daniel Scott Maloney	officer: EVP-Accounting & Finance (PAO)	5250 S. SIXTH ST, C/O UNITED TRUST GROUP, SPRINGIELD IL 62703
Yadin Rozov	director	9 TERRACE CIRCLE, ARMONK NY 10504
Eric N. Berg	officer: Chief Financial Officer	2900 SOUTH 70TH STREET, SUITE 400, L NE 68506
Michael W. Minnich	director, 10 percent owner, officer: Co-Chief Executive Officer	7 EAST 20TH STREET, APARTMENT 12F, NEW YORK NY 10003
Jack Theeler	director	8101 O STREET, SUITE S111, LINCOLN NE 68510
Georgette C. Nicholas	officer: President & CFO	2900 SOUTH 70TH STREET, SUITE 400, LINCOLN NE 68506
Stephen Alan Mace	officer: General Counsel	2900 SOUTH 70TH STREET, SUITE 400, LINCOLN NE 68506
Debra Havranek	officer: VP & CFO	2900 SOUTH 70TH STREET, SUITE 400, LINCOLN NE 68506
Michael Minnich	director, 10 percent owner, officer: Executive Chairman	7 EAST 20TH STREET, APARTMENT 12F, NEW YORK NY 10003