Midwest Holding Inc. provided earnings guidance for the second quarter of 2023 and full year 2023. The company continues to see a growing fixed annuity market with new competitors and various movements in pricing. The company's focus is to maintain a competitive position on pricing and service to continue sales momentum in 2023. Given where the company is in the second quarter of 2023, the company anticipates growth in premiums for the quarter with the approval to write new business in both Florida and Georgia.

Given the company's start for 2023, the company estimates that premiums written for 2023 will be in the range of $800 million to $850 million (SAP) as of now. As the company begin to get Florida and Georgia moving, the company expects that to increase depending on how quickly agents begin writing new business.