Midwest Holding (Midwest Holding) Total Assets : $2,624.25 Mil (As of Sep. 2023)

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What is Midwest Holding Total Assets?

Midwest Holding's Total Assets for the quarter that ended in Sep. 2023 was $2,624.25 Mil.

During the past 12 months, Midwest Holding's average Total Assets Growth Rate was 382.10% per year. During the past 3 years, the average Total Assets Growth Rate was 109.20% per year. During the past 5 years, the average Total Assets Growth Rate was 91.40% per year. During the past 10 years, the average Total Assets Growth Rate was 30.40% per year.

During the past 13 years, Midwest Holding's highest 3-Year average Total Assets Growth Rate was 109.20%. The lowest was -17.40%. And the median was 7.85%.

Total Assets is connected with ROA %. Midwest Holding's annualized ROA % for the quarter that ended in Sep. 2023 was 0.06%. Total Assets is also linked to Revenue through Asset Turnover. Midwest Holding's Asset Turnover for the quarter that ended in Sep. 2023 was 0.01.

Midwest Holding Total Assets Historical Data

The historical data trend for Midwest Holding's Total Assets 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 Total Assets Chart

Midwest Holding Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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66.49

219.92

726.40

1,219.92

1,920.43

Midwest Holding Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial															1,686.07	1,920.43	2,144.48	2,428.04	2,624.25

Midwest Holding Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Midwest Holding's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	34.377	+	1886.054
	=	1,920.43

Midwest Holding's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	21.953	+	2602.299
	=	2,624.25

Midwest Holding (NAS:MDWT) Total Assets Explanation

Total Assets is connected with ROA %.

Midwest Holding's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	1.54	/	( (2428.041	+	2624.252)	/ 2 )
	=	1.54	/	2526.1465
	=	0.06 %

Note: The Net Income data used here is four times the quarterly (Sep. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Midwest Holding's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	16.419	/	( (2428.041	+	2624.252)	/ 2 )
=	16.419	/	2526.1465
=	0.01

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Midwest Holding Total 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 » Total Assets

Comparable Companies

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