FBL Financial Group, Inc. (FFG) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
5400 UNIVERSITY AVE WEST DES MOINES, IA 50266 |
| State of Incorp. | IA |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6311 - Life Insurance (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2021 MRQ | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 75,944 | 29,142 | 34,748 | 69,703 | 49,931 | 57,741 | |||
| Cash and cash equivalents | 12,882 | 17,277 | 19,035 | 52,696 | 33,583 | 29,490 | |||
| Short-term investments | 63,062 | 11,865 | 15,713 | 17,007 | 16,348 | 28,251 | |||
| Receivables | 19,989 | 10,784 | 8,619 | 6,830 | 8,099 | 5,255 | |||
| Total current assets: | 95,933 | 39,926 | 43,367 | 76,533 | 58,030 | 62,996 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 40,500 | 42,200 | 38,500 | 35,800 | 33,500 | 30,200 | |||
| Long-term investments and receivables | 74,791 | 60,962 | 130,240 | 137,422 | 134,570 | ||||
| Long-term investments | 74,791 | 60,962 | 130,240 | 137,422 | 134,570 | ||||
| Intangible assets, net (including goodwill) | 9,900 | 9,900 | 9,900 | 9,900 | 9,900 | 9,900 | |||
| Goodwill | 9,900 | 9,900 | 9,900 | 9,900 | 9,900 | 9,900 | |||
| Total noncurrent assets: | 50,400 | 126,891 | 109,362 | 175,940 | 180,822 | 174,670 | |||
| Other undisclosed assets | 10,849,939 | 10,313,389 | 9,680,901 | 9,814,140 | 9,327,282 | 8,894,338 | |||
| TOTAL ASSETS: | 10,996,272 | 10,480,206 | 9,833,630 | 10,066,613 | 9,566,134 | 9,132,004 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 15,000 | ||||||||
| Due to related parties | 406 | 1,218 | 1,461 | 1,164 | 862 | 575 | |||
| Total current liabilities: | 406 | 1,218 | 1,461 | 1,164 | 862 | 15,575 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 211,180 | 1,560 | 2,386 | 4,703 | 9,556 | ||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 700 | 900 | 1,000 | ||
| Deferred income tax liabilities | 211,180 | ✕ | ✕ | ✕ | ✕ | ||||
| Liability for uncertainty in income taxes | 100 | ||||||||
| Investment program, proportional amortization method, elected, commitment | 1,560 | 1,686 | 3,803 | 8,456 | |||||
| Total noncurrent liabilities: | 211,180 | 1,560 | 2,386 | 4,703 | 9,556 | ||||
| Other undisclosed liabilities | 9,092,570 | 8,993,072 | 8,646,350 | 8,674,213 | 8,372,311 | 7,972,399 | |||
| Total liabilities: | 9,304,156 | 8,994,290 | 8,649,371 | 8,677,763 | 8,377,876 | 7,997,530 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,692,099 | 1,485,757 | 1,184,139 | 1,388,792 | 1,188,202 | 1,134,426 | |||
| Accumulated other comprehensive income | 587,279 | 354,764 | 91,318 | 284,983 | 149,555 | 114,532 | |||
| Retained earnings | 950,687 | 975,260 | 937,097 | 947,148 | 882,672 | 867,574 | |||
| Other undisclosed equity, attributable to parent | 154,133 | 155,733 | 155,724 | 156,661 | 155,975 | 152,320 | |||
| Equity, attributable to noncontrolling interest | 17 | 159 | 120 | 58 | 56 | 48 | |||
| Total equity: | 1,692,116 | 1,485,916 | 1,184,259 | 1,388,850 | 1,188,258 | 1,134,474 | |||
| TOTAL LIABILITIES AND EQUITY: | 10,996,272 | 10,480,206 | 9,833,630 | 10,066,613 | 9,566,134 | 9,132,004 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 732,265 | 774,681 | 719,626 | 735,478 | 726,414 | 722,809 | ||
| Insurance commissions and fees | 132,522 | 127,113 | 122,789 | ✕ | ✕ | ✕ | ||
| Net investment income | 397,231 | 424,998 | 394,618 | 415,199 | 404,170 | 391,149 | ||
| Financial services revenue | ✕ | ✕ | ✕ | ✕ | 112,936 | 111,928 | 114,584 | |
| Cost of revenue | (196,150) | (186,848) | (190,284) | (185,341) | (190,454) | (190,559) | ||
| Policyholder benefits and claims incurred, net | (186,441) | (174,654) | (175,209) | ✕ | ✕ | ✕ | ||
| Financial services costs | ✕ | ✕ | ✕ | ✕ | (173,023) | (177,682) | (176,145) | |
| Gross profit: | 536,115 | 587,833 | 529,342 | 550,137 | 535,960 | 532,250 | ||
| Operating expenses | (238,147) | (211,691) | (243,896) | (202,365) | (212,379) | (231,406) | ||
| Operating income: | 297,968 | 376,142 | 285,446 | 347,772 | 323,581 | 300,844 | ||
| Interest and debt expense | (5,015) | (4,850) | (4,851) | (4,850) | (4,850) | (4,850) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (218,481) | (228,511) | (179,562) | (200,595) | (176,942) | (144,626) | ||
| Income from continuing operations before equity method investments, income taxes: | 74,472 | 142,781 | 101,033 | 142,327 | 141,789 | 151,368 | ||
| Income from equity method investments | 5,906 | 3,456 | 4,439 | 11,299 | 11,440 | 9,523 | ||
| Income from continuing operations before income taxes: | 80,378 | 146,237 | 105,472 | 153,626 | 153,229 | 160,891 | ||
| Income tax expense (benefit) | (8,061) | (19,929) | (11,650) | 40,729 | (46,010) | (47,418) | ||
| Income from continuing operations: | 72,317 | 126,308 | 93,822 | 194,355 | 107,219 | 113,473 | ||
| Income before gain (loss) on sale of properties: | ✕ | 72,317 | 126,308 | 93,822 | 194,355 | 107,219 | 113,473 | |
| Net income: | 72,317 | 126,308 | 93,822 | 194,355 | 107,219 | 113,473 | ||
| Net income (loss) attributable to noncontrolling interest | 196 | (99) | (29) | (28) | 4 | 54 | ||
| Net income attributable to parent: | 72,513 | 126,209 | 93,793 | 194,327 | 107,223 | 113,527 | ||
| Other undisclosed net loss available to common stockholders, basic | (150) | (150) | (150) | (150) | (150) | (150) | ||
| Net income available to common stockholders, diluted: | 72,363 | 126,059 | 93,643 | 194,177 | 107,073 | 113,377 | ||
Comprehensive Income ($ in thousands)
| 3/31/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 72,317 | 126,308 | 93,822 | 194,355 | 107,219 | 113,473 | ||
| Other comprehensive loss | (61,094) | (2,451) | (143,878) | |||||
| Other undisclosed comprehensive income (loss) | 293,609 | 263,446 | (188,185) | 87,202 | 37,474 | |||
| Comprehensive income (loss): | 304,832 | 389,754 | (94,363) | 281,557 | 142,242 | (30,405) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 196 | (99) | (29) | (28) | 4 | 54 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 305,028 | 389,655 | (94,392) | 281,529 | 142,246 | (30,351) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.