About Midwest Holding
Midwest Holding is a company based in Lincoln (United States) founded in 2003 was acquired by Antarctica Capital in December 2023. Midwest Holding has raised $388 thousand across 3 funding rounds from investors including Antarctica Capital and Vespoint. The company has 93 employees as of December 31, 2022. Midwest Holding has completed 1 acquisition, including Powerscourt Hotel. Midwest Holding offers products and services including m.pas, American Life, Seneca Re, and 1505 Capital. Midwest Holding operates in a competitive market with competitors including AIA Group, John Hancock, Western & Southern Financial Group, Nassau Financial Group and Globe Life And Accident Insurance, among others.
- Headquarter Lincoln, United States
- Employees 93 as on 31 Dec, 2022
- Stage Public
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Midwest Holding Llc
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Annual Revenue
$30.05 M (USD)0as on Dec 31, 2022
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Net Profit
$7.14 M (USD)143as on Dec 31, 2022
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EBITDA
-$5.17 M (USD)-51as on Dec 31, 2016
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Total Equity Funding
$388 K (USD)
in 3 rounds
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Latest Funding Round
$15.18 M (USD), Post-IPO
May 07, 2020
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Investors
Antarctica Capital
& 1 more
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Employee Count
93
as on Dec 31, 2022
- Investments & Acquisitions
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Acquired by
Antarctica Capital
(Dec 21, 2023)
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Products & Services of Midwest Holding
Midwest Holding offers a comprehensive portfolio of products and services, including m.pas, American Life, Seneca Re, and 1505 Capital.
Cloud-based system for efficient policy management and innovation.
Offers life and annuity products with modern technology integration.
Provides reinsurance and risk-management solutions for insurers.
Delivers investment management and advisory for insurance assets.
Funding Insights of Midwest Holding
Midwest Holding has successfully raised a total of $388K across 3 strategic funding rounds. The most recent funding activity was a Post-IPO round of $15.18 million completed in May 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Midwest Holding
Midwest Holding has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Antarctica Capital and Vespoint.
| Investor | Description | Founded Year | Domain | Location |
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Investments in private markets, real assets, and sustainability strategies by an international firm.
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Offers annuities and reinsurance services for financial stability.
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Investor details for Midwest Holding
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Investments & Acquisitions by Midwest Holding
Midwest Holding has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Powerscourt Hotel.
Investment portfolio details for Midwest Holding
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- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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A chain of hotels is operated in the hospitality sector.
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Locked | Locked | 2013 | Locked |
Complete acquisition details for Midwest Holding
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Financial Statements - Midwest Holding
Detailed financials for Midwest Holding
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Midwest Holding Comparisons
Peer comparison for Midwest Holding
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Competitors of Midwest Holding
Midwest Holding operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AIA Group, John Hancock, Western & Southern Financial Group, Nassau Financial Group and Globe Life And Accident Insurance, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Life insurance and related services are offered across Asia-Pacific markets.
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Offers life insurance products, investment advice, and retirement planning for individuals and businesses.
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Life insurance, investments, and retirement solutions are provided to clients.
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Diversified insurance brokerage services are provided from Hartford.
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Life and accident insurance policies are provided by the company.
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Life insurance company
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Detailed competitors of Midwest Holding
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Latest news on Midwest Holding
Complete news archive for Midwest Holding
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Frequently Asked Questions about Midwest Holding
Midwest Holding was founded in 2003 and raised its 1st funding round 11 years after it was founded.
Midwest Holding is headquartered in Lincoln, United States. It is registered at Lincoln, Nebraska, United States.
Georgette Nicholas is the current CEO of Midwest Holding.
Midwest Holding is a funded company, having raised a total of $388K across 3 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Midwest Holding is 93.
Annual revenue of Midwest Holding is $30.05M as on Dec 31, 2022.
Midwest Holding was established in 2003 in Lincoln, United States, as a life insurance carrier. Operations are centered on offering life insurance products within the insurance sector. Services include policy issuance and management for policyholders across the region. Leadership is provided by Georgette Nicholas as President CEO and Michael Salem as CEO, with activities focused on standard insurance practices in the domestic market.
Midwest Holding's top competitors include AIA Group, Brighthouse Financial and Globe Life And Accident Insurance.
Midwest Holding offers m.pas, American Life, Seneca Re, and 1505 Capital.
Midwest Holding has made 1 acquisition, including Powerscourt Hotel.
Midwest Holding has 2 investors. Key investors include Antarctica Capital, and Vespoint.