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Midwest Holding (Midwest Holding) Scaled Net Operating Assets : -0.14 (As of Sep. 2023)


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What is Midwest Holding Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Midwest Holding's operating assets for the quarter that ended in Sep. 2023 was $2,231.02 Mil. Midwest Holding's operating liabilities for the quarter that ended in Sep. 2023 was $2,577.30 Mil. Midwest Holding's Total Assets for the quarter that ended in Jun. 2023 was $2,428.04 Mil. Therefore, Midwest Holding's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2023 was -0.14.

Midwest Holding Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Midwest Holding's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2022 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2022 )
=(Operating Assets (A: Dec. 2022 )-Operating Liabilities (A: Dec. 2022 ))/Total Assets (A: Dec. 2021 )
=(1729.017-1861.054)/1219.917
=-0.11

where

Operating Assets(A: Dec. 2022 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1920.431 - 191.414
=1729.017

Operating Liabilities(A: Dec. 2022 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1886.054 - 25 - 0
=1861.054

Midwest Holding's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2023 )
=(Operating Assets (Q: Sep. 2023 )-Operating Liabilities (Q: Sep. 2023 ))/Total Assets (Q: Jun. 2023 )
=(2231.015-2577.299)/2428.041
=-0.14

where

Operating Assets(Q: Sep. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2624.252 - 393.237
=2231.015

Operating Liabilities(Q: Sep. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2602.299 - 25 - 0
=2577.299

* 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.

Midwest Holding Scaled Net Operating Assets Related Terms

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Midwest Holding (Midwest Holding) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Midwest Holding Inc (NAS:MDWT) » Definitions » Scaled Net Operating Assets
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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