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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments762935705058125
Cash and cash equivalents13171953342977
Short-term investments63121617162849
Receivables201197853
Total current assets:964043775863128
Noncurrent Assets
Property, plant and equipment41423936343029
Long-term investments and receivables 7561130137135130
Long-term investments 7561130137135130
Intangible assets, net (including goodwill)10101010101010
Goodwill10101010101010
Total noncurrent assets:50127109176181175168
Other undisclosed assets10,85010,3139,6819,8149,3278,8948,768
TOTAL ASSETS:10,99610,4809,83410,0679,5669,1329,064
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities      3
Taxes payable      3
Debt     15 
Due to related parties0111110
Total current liabilities:01111163
Noncurrent Liabilities
Liabilities, other than long-term debt211 225102
Deferred revenue and credits1111
Deferred income tax liabilities211 
Liability for uncertainty in income taxes     01
Qualified affordable housing project investments, commitment  2248
Total noncurrent liabilities:211 225102
Other undisclosed liabilities9,0938,9938,6468,6748,3727,9727,807
Total liabilities:9,3048,9948,6498,6788,3787,9987,812
Stockholders' equity
Stockholders' equity attributable to parent, including:1,6921,4861,1841,3891,1881,1341,253
Accumulated other comprehensive income58735591285150115258
Retained earnings951975937947883868847
Other undisclosed stockholders' equity attributable to parent154156156157156152148
Stockholders' equity attributable to noncontrolling interest0000000
Total stockholders' equity:1,6921,4861,1841,3891,1881,1341,253
TOTAL LIABILITIES AND EQUITY:10,99610,4809,83410,0679,5669,1329,064

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues732775720735726723693
Insurance commissions and fees133127123
Net investment income397425395415404391382
Financial services revenue113112115403
Cost of revenue(196)(187)(190)(185)(190)(191)(208)
Policyholder benefits and claims incurred, net(186)(175)(175)
Deferred policy acquisition costs, amortization expense      (33)
Financial services costs(173)(178)(176)(163)
Gross profit:536588529550536532485
Operating expenses(238)(212)(244)(202)(212)(231)(322)
Other undisclosed operating loss      (23)
Operating income:298376285348324301139
Nonoperating income
(Investment Income, Nonoperating)
      2
Interest and debt expense(5)(5)(5)(5)(5)(5)(5)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(218)(229)(180)(201)(177)(145)10
Income from continuing operations before equity method investments, income taxes:74143101142142151147
Income from equity method investments63411111010
Income from continuing operations before income taxes:80146105154153161157
Income tax expense (benefit)(8)(20)(12)41(46)(47)(47)
Net income:7212694194107113110
Net income (loss) attributable to noncontrolling interest0(0)(0)(0)000
Net income attributable to parent:7312694194107114110
Other undisclosed net loss available to common stockholders, basic(0)(0)(0)(0)(0)(0)(0)
Net income available to common stockholders, diluted:7212694194107113110

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:7212694194107113110
Other comprehensive income (loss)(61)   (2)(144)139
Other undisclosed comprehensive income (loss)294263(188)8737  
Comprehensive income (loss):305390(94)282142(30)249
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(0)(0)(0)000
Comprehensive income (loss), net of tax, attributable to parent:305390(94)282142(30)249

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: