FBL Financial Group, Inc. (FFG) financial statements (2023 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
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 2935705058
Cash and cash equivalents 1719533429
Short-term investments 1216171628
Receivables 119785
Total current assets: 4043775863
Noncurrent Assets
Property, plant and equipment 4239363430
Long-term investments and receivables 7561130137135
Long-term investments 7561130137135
Intangible assets, net (including goodwill) 1010101010
Goodwill 1010101010
Total noncurrent assets: 127109176181175
Other undisclosed assets 10,3139,6819,8149,3278,894
TOTAL ASSETS: 10,4809,83410,0679,5669,132
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt     15
Due to related parties 11111
Total current liabilities: 111116
Noncurrent Liabilities
Liabilities, other than long-term debt  22510
Deferred revenue and credits111
Liability for uncertainty in income taxes     0
Qualified affordable housing project investments, commitment  2248
Total noncurrent liabilities:  22510
Other undisclosed liabilities 8,9938,6468,6748,3727,972
Total liabilities: 8,9948,6498,6788,3787,998
Stockholders' equity
Stockholders' equity attributable to parent, including: 1,4861,1841,3891,1881,134
Accumulated other comprehensive income 35591285150115
Retained earnings 975937947883868
Other undisclosed stockholders' equity attributable to parent 156156157156152
Stockholders' equity attributable to noncontrolling interest 00000
Total stockholders' equity: 1,4861,1841,3891,1881,134
TOTAL LIABILITIES AND EQUITY: 10,4809,83410,0679,5669,132

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 775720735726723
Insurance commissions and fees 127123
Net investment income 425395415404391
Financial services revenue113112115
Cost of revenue (187)(190)(185)(190)(191)
Policyholder benefits and claims incurred, net (175)(175)
Financial services costs(173)(178)(176)
Gross profit: 588529550536532
Operating expenses (212)(244)(202)(212)(231)
Operating income: 376285348324301
Interest and debt expense (5)(5)(5)(5)(5)
Other undisclosed loss from continuing operations before equity method investments, income taxes (229)(180)(201)(177)(145)
Income from continuing operations before equity method investments, income taxes: 143101142142151
Income from equity method investments 34111110
Income from continuing operations before income taxes: 146105154153161
Income tax expense (benefit) (20)(12)41(46)(47)
Net income: 12694194107113
Net income (loss) attributable to noncontrolling interest (0)(0)(0)00
Net income attributable to parent: 12694194107114
Other undisclosed net loss available to common stockholders, basic (0)(0)(0)(0)(0)
Net income available to common stockholders, diluted: 12694194107113

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income: 12694194107113
Other comprehensive loss    (2)(144)
Other undisclosed comprehensive income (loss) 263(188)8737 
Comprehensive income (loss): 390(94)282142(30)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (0)(0)(0)00
Comprehensive income (loss), net of tax, attributable to parent: 390(94)282142(30)

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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