Midwest Holding Inc. Reports First Quarter 2023 Results
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Monday, May 15, 2023
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LINCOLN, Neb., May 15, 2023 /PRNewswire/ -- Midwest Holding Inc. ("Midwest") (NASDAQ: MDWT), today announced financial results for the quarter ended March 31, 2023.
Key Points:
- LINCOLN, Neb., May 15, 2023 /PRNewswire/ -- Midwest Holding Inc. ("Midwest") (NASDAQ: MDWT), today announced financial results for the quarter ended March 31, 2023.
- GAAP net income for the quarter was $3.8 million compared with $0.2 million recorded in the first quarter of 2022.
- Midwest reported net income of $3.8 million for Q1 2023; this compares with $0.2 million in the first quarter of the prior year.
- Our expenses were $29.8 million in the first quarter of 2023 compared with $(3.3) million in the first quarter of the prior year.