FBL Financial Group, Inc. (FFG) financial statements (2021 and earlier)

Company profile

Business Address 5400 UNIVERSITY AVE
WEST DES MOINES, IA 50266
State of Incorp. IA
Fiscal Year End December 31
SIC 6311 - Life Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments76333247293623
Cash and cash equivalents13151618171314
Short-term investments63181630122310
Receivables20791111108
Total current assets:96414159404632
Noncurrent Assets
Property, plant and equipment41   42  
Long-term investments and receivables    757169
Long-term investments    757169
Intangible assets, net (including goodwill)10   10  
Goodwill10   10  
Total noncurrent assets:50   1277169
Other undisclosed assets10,85010,81210,70810,23410,31310,31210,159
TOTAL ASSETS:10,99610,85310,74910,29310,48010,42910,260
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt   10 16 
Due to related parties0111113
Total current liabilities:011111173
Noncurrent Liabilities
Liabilities, other than long-term debt211187179119   
Deferred income tax liabilities211187179119   
Total noncurrent liabilities:211187179119   
Other undisclosed liabilities9,0939,0479,0028,8298,9938,8978,859
Total liabilities:9,3049,2359,1818,9598,9948,9148,862
Stockholders' equity
Stockholders' equity attributable to parent, including:1,6921,6181,5681,3341,4861,5141,397
Accumulated other comprehensive income587529482258355406303
Retained earnings951935931920975952939
Other undisclosed stockholders' equity attributable to parent154154155156156156156
Stockholders' equity attributable to noncontrolling interest00(0)0000
Total stockholders' equity:1,6921,6181,5681,3341,4861,5141,398
TOTAL LIABILITIES AND EQUITY:10,99610,85310,74910,29310,48010,42910,260

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues198198201135194185193
Insurance commissions and fees32353332323133
Net investment income10610611075109101105
Cost of revenue(53)(47)(47)(49)(48)(45)(45)
Policyholder benefits and claims incurred, net (46)(45)(46) (43)(42)
Gross profit:14515115487146139148
Operating expenses(76)(46)(41)(56)(51)(45)(46)
Operating income:69105113309594103
Interest and debt expense(1)(1)(1)(1)(1)(1)(1)
Other undisclosed loss from continuing operations before equity method investments, income taxes(44)(80)(79)(35)(53)(67)(65)
Income (loss) from continuing operations before equity method investments, income taxes:242433(6)402636
Income (loss) from equity method investments60(1)0111
Income (loss) from continuing operations before income taxes:302432(6)412738
Income tax expense (benefit)(2)(3)(6)3(7)(2)(6)
Net income (loss):282126(3)352532
Net income (loss) attributable to noncontrolling interest0000(0)(0)0
Net income (loss) attributable to parent:282126(3)352532
Other undisclosed net loss available to common stockholders, basic(0)(0)(0)(0)(0)(0)(0)
Net income (loss) available to common stockholders, diluted:282126(3)352532

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):282126(3)352532
Other undisclosed comprehensive income (loss)5847223(96)(51)103114
Comprehensive income (loss):8668249(99)(17)129146
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0000(0)(0)0
Comprehensive income (loss), net of tax, attributable to parent:8668249(99)(17)129146

Statements sources

The financial statements are based on the company's filings with the 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.

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