Midwest Holding Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported negative revenue was USD 0.122 million compared to revenue of USD 8.9 million a year ago. Net income was USD 9.27 million compared to net loss of USD 4.99 million a year ago. Basic earnings per share from continuing operations was USD 2.48 compared to basic loss per share from continuing operations of USD 1.34 a year ago. Diluted earnings per share from continuing operations was USD 2.47 compared to diluted loss per share from continuing operations of USD 1.34 a year ago.
For the six months, revenue was USD 2.46 million compared to USD 8.28 million a year ago. Net income was USD 9.45 million compared to net loss of USD 6.59 million a year ago. Basic earnings per share from continuing operations was USD 2.53 compared to basic loss per share from continuing operations of USD 1.76 a year ago. Diluted earnings per share from continuing operations was USD 2.52 compared to diluted loss per share from continuing operations of USD 1.76 a year ago.