Midwest Holding Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 29.07 million compared to negative revenue of USD 0.122 million a year ago. Net loss was USD 3.88 million compared to net income of USD 9.27 million a year ago. Basic loss per share from continuing operations was USD 1.04 compared to basic earnings per share from continuing operations of USD 2.48 a year ago. Diluted loss per share from continuing operations was USD 1.04 compared to diluted earnings per share from continuing operations of USD 2.47 a year ago.
For the six months, revenue was USD 67.52 million compared to USD 2.46 million a year ago. Net loss was USD 0.053 million compared to net income of USD 9.45 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to basic earnings per share from continuing operations of USD 2.53 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to diluted earnings per share from continuing operations of USD 2.52 a year ago.