Event-Driven Stocks

MIDWEST HOLDING INC.

Financials · Life Insurance · NE · SEC filings ↗ · Compare ⊕

Signs● 3 good● 2 warning● 1 severedetails ↓

Financials

SEC XBRL · annual
 FY22FY21FY20FY19FY18FY17
Revenue$30.0M$30.1M$10.6M$3.4M$875,812$2.4M
Operating income—————−$2.7M
Net income$7.1M−$16.6M−$12.4M−$5.7M−$5.1M−$2.7M
Total assets$1.92B$1.22B$726.4M$219.9M$66.5M$49.7M
Total liabilities$1.89B$1.13B$640.1M$205.8M$69.1M$47.4M
Equity$23.9M$70.8M$86.3M$14.0M−$4.1M$2.2M
EPS (diluted)$1.88$-4.45$-4.42$-4.98$-0.01—
Shares out.3.7M3.7M1.02B22.9M22.9M22.6M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2022
Operating margin
—
Net margin
23.8%
Return on equity
29.9%
Return on assets
0.4%
Return on capital (ROCE)
—
Liabilities / assets
98.2%
Debt / equity
78.89×
Book value / share
$6.40
Revenue growth (YoY)
−0.0%
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2022
Accruals / assets
−3.4%clean
Piotroski F-Score
5/7mixed

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
57
/ 100
Profitability 100Growth 0Catalyst 33Earnings quality 100Financial strength 50

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

● 1 severe● 2 warning● 3 good
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Revenue declined year-over-year
  • High leverage (liabilities > 70% of assets)
  • Strong return on equity (>15%)
  • Positive operating cash flow
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (1)

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