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Annual Report
2011 Proxy and Proxy Card
Stock Dividend Approved The Board of Directors has approved the second stock dividend in the Company's history; a 4% dividend payable April 30, 2011 to holders of record as of March 31st, 2011. Certificates representing the dividend shares will be mailed April 30th, 2011.
Recent News January 10, 2011 On January 5-7, 2011, Midwest Holding Inc. presented a 3-day "Back to Basics" sales seminar in Lincoln, NE. The purpose of the seminar was to provide additional training on basic sales techniques. Thirty-three agents and representatives from 6 different states completed the seminar. Those in attendance came from Midwest Holding and American Life & Security in Nebraska, Rocky Mountain Capital in Colorado, Northstar Financial in Minnesota, Great Plains Financial in South Dakota, Northern Plains Capital in North Dakota, and U.S. Alliance in Kansas. Thank you to all that were able to attend, and a special thank you to those who spoke at the seminar.
November 10, 2010 FOR IMMEDIATE RELEASE (November 10, 2010) Midwest Holding Inc., a Nebraska financial services holding company announced today that it had reached a definitive agreement to acquire all of the outstanding shares of Old Reliance Insurance Company, an Arizona-domiciled life insurance company in a transaction that combines cash and shares of Midwest's common stock valued at approximately $3 million. Old Reliance is domiciled in Arizona, and is licensed in fourteen states. Annual premium income is approximately $1.7 million with total assets of approximately $4 million. Midwest is currently the parent of American Life and Security Corp., a Nebraska-domiciled life insurer that owns Capital Reserve Life Insurance Company, a Missouri-domiciled life insurer. The Agreement calls for American Life and Capital Reserve to be merged with and into Old Reliance. The company will continue to operate as American Life and Security Corp. from its offices in Lincoln, Nebraska. The transaction will double American Life's current premium income and increase the states where it operates from 4 to 14. Approximate total assets of Midwest following the closing will be $40 million, with revenues of more than $7 million. "The acquisition of Old Reliance is an important step in our long-term growth plan," said Travis Meyer, President of Midwest. "It not only adds new states to explore for marketing opportunities, but provides a platform from which to continue to build value for our shareholders. " The transaction is subject to regulatory approval in several states and is expected to close in early 2011. For further information please contact: Mark A. Oliver, Treasurer
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