"Heidelberg Materials North America's investment in the Speed facility is reflective of our commitment to supporting sustainable and resilient construction projects in the Midwest and throughout the U.S. and Canada," said Toby Lee, President of the company's Midwest Region. "It is also yet another milestone in our journey to significantly reduce our carbon footprint by 2030 and grow our portfolio of more sustainable products, technologies and customer-focused solutions." Following last year's opening of its ...

Celebrating the bold leaders who disrupt markets, revolutionize industries and transform lives Ms. Sherman was selected by an independent judging panel made up of previous award winners, leading CEOs and other business leaders. Candidates were evaluated based on their ability to create long-term value through entrepreneurial spirit, commitment to their purpose and the demonstration of growth and substantial impact, among other key indicators. As a Midwest award winner, Ms. Sherman is now eligible for consid ...

"Charlie is a seasoned local media executive who understands the changing media landscape and has a successful track record leading station operations in the Midwest," said Kathleen Choal, regional vice president and general manager. "He is well positioned to take WRTV to new heights as the general manager." Grisham has served on the board of the Illinois Broadcasters Association and is co-founder of Give SI, an initiative aimed at fostering community engagement and philanthropy for local nonprofit organiza ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NUMBER 001-39812 Midwest Holding Inc. (Exact name of registrant as specified in its charter) Delaware 20-0362426 (I.R.S. Employer Identification No.) (State or other jurisdiction ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NUMBER 001-39812 Midwest Holding Inc. (Exact name of registrant as specified in its charter) Delaware 20-0362426 (State or other jurisdiction of incorporation or org ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NUMBER 001-39812 Midwest Holding Inc. (Exact name of registrant as specified in its charter) Delaware 20-0362426 (State or other jurisdiction of incorporation or organization) 2900 S. 70th Street, Suite 400, Lincoln, NE 68506 (Address of principal executive offices) (Zip Code) (I.R.S. Employer ...

Financial Performance and Condition - The carrying value of the company's mortgage loans on real estate as of December 31, 2022, was $227 million, up from $183.2 million in 2021, indicating a significant increase in investment value [123]. - American Life had approximately $69.9 million of capital and surplus as of December 31, 2022, which is critical for meeting regulatory requirements and supporting business operations [131]. - The company has experienced substantial operating losses since its business plan commenced in mid-2018, with no assurance of future profitability [130]. - The financial strength rating from A.M. Best is currently B++ (Good) with a long-term issuer credit rating of bbb+, which is essential for marketability and competitive positioning [125]. - The market price and trading volume of the company's voting common stock have been volatile, which could lead to significant losses for shareholders [135]. - The company is classified as a "smaller reporting company," which may make it more challenging for investors to analyze its financial results and prospects [141]. - The company does not expect to pay any cash dividends to stockholders for the foreseeable future, as it has never declared or paid cash dividends [148]. - The company is subject to significant regulatory restrictions limiting its ability to declare and make payments or dividends, particularly through its subsidiary, American Life [148]. - The capital and credit markets have experienced significant volatility, which may limit the company's ability to access capital and meet liquidity needs [159]. Regulatory and Compliance Risks - Regulatory changes regarding fiduciary standards and product sales may adversely affect the company's operations and profitability [124]. - The company is subject to scrutiny from regulators, which may lead to increased compliance costs and operational burdens [177]. - Changes in state insurance laws could impose additional regulatory burdens, adversely affecting financial condition and operational results [180]. - American Life must comply with extensive state regulations, including prior notice and approval for dividends, which could limit financial flexibility [168]. - The company faces risks related to noncompliance with anti-money laundering statutes, which could lead to increased costs and legal consequences [193]. Market and Economic Risks - The company faces potential adverse impacts on its financial condition and operations due to the ongoing COVID-19 pandemic, including market volatility and changes in investment valuations [152]. - A general economic slowdown or recession could decrease demand for American Life's products and adversely affect customer payment capabilities [183]. - The company faces risks from fluctuations in interest rates that could reduce investment income and affect the profitability of annuity products [172]. - Significant downturns in equity markets could increase the valuation of future policy benefits, reducing potential profitability [196]. Product and Operational Risks - The company is focused on the sale of MYGA and FIA products through IMOs, but there is uncertainty regarding market acceptance and penetration of these new products [126]. - Catastrophic events could significantly impact the company's insurance business, affecting assumptions related to mortality and morbidity rates, as well as product sales [155]. - The company maintains loss reserves to cover estimated liabilities for unpaid losses, but these reserves may be inadequate due to uncertainties in claims projections [156]. - Guarantees offered in certain products may adversely affect the company's financial condition, including returns on deposits and benefits payable upon specific events [195]. - The complexity of products sold through independent marketing organizations (IMOs) may lead to misrepresentation, adversely affecting the company's reputation and operations [202]. - Deviations from assumptions regarding persistency, mortality, morbidity, and interest rates could materially impact the company's financial results [200]. - Persistency of annuity products may be affected by market performance and client perceptions, impacting overall profitability [201]. Strategic and Acquisition Risks - The company may pursue an acquisition strategy, which could negatively impact its business and future growth prospects due to competition and integration challenges [133]. - Anti-takeover provisions in Delaware law and the company's bylaws may hinder third-party acquisitions, potentially preventing stockholders from receiving a premium for their shares [150]. Transition and Valuation Risks - The transition from LIBOR to alternative reference rates, such as SOFR, is ongoing and may adversely affect the value of investments and obligations indexed to LIBOR [160]. - The company is analyzing its exposure to LIBOR Instruments to prepare for the transition away from LIBOR, which may involve renegotiating contracts [161]. - The valuation of investments and the determination of allowances and impairments are subject to significant judgment, which could materially impact financial results [186]. Cybersecurity and Operational Integrity Risks - Cybersecurity breaches could lead to unauthorized access to sensitive information, resulting in reputational harm and financial liabilities [190]. - Employee misconduct or excessive risk-taking may expose the company to significant losses, despite existing controls and procedures [191]. - Expectations regarding environmental, social, and governance (ESG) considerations could expose the company to liabilities and increased compliance costs [203]. Insurance Operations Risks - American Life's insurance operations may be adversely affected by changes in the NAIC Accounting Manual and state regulations, impacting statutory capital and surplus [165]. - The company is required to reserve sufficient funds to mitigate risks associated with third-party reinsurers, which may affect operational success and stock value [166]. - The company remains liable for guaranteed benefits, facing risks from reinsurers and the effectiveness of hedging strategies [197].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NUMBER 001-39812 Midwest Holding Inc. (Exact name of registrant as specified in its charter) Delaware 20-0362426 (State or other jurisdiction of incorporation or organization) 29 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NUMBER 001-39812 Midwest Holding Inc. (Exact name of registrant as specified in its charter) Delaware 20-0362426 (State or other jurisdiction of incorporation or organization) 2900 S. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NUMBER 001-39812 Midwest Holding Inc. (Exact name of registrant as specified in its charter) Delaware 20-0362426 (State or other jurisdiction of incorporation or organization) 2900 S ...