FBL Financial Group, Inc. (FFG) financial statements (2020 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)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 36 | 35 | 70 | 50 | 58 | 125 | 115 | ||
| Cash and cash equivalents | 13 | 19 | 53 | 34 | 29 | 77 | 6 | ||
| Short-term investments | 23 | 16 | 17 | 16 | 28 | 49 | 109 | ||
| Receivables | 10 | 9 | 7 | 8 | 5 | 3 | |||
| Total current assets: | 46 | 43 | 77 | 58 | 63 | 128 | 115 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 39 | 36 | 34 | 30 | 29 | 26 | |||
| Long-term investments and receivables | 71 | 61 | 130 | 137 | 135 | 130 | 116 | ||
| Long-term investments | 71 | 61 | 130 | 137 | 135 | 130 | 116 | ||
| Intangible assets, net (including goodwill) | 10 | 10 | 10 | 10 | 10 | 10 | |||
| Goodwill | 10 | 10 | 10 | 10 | 10 | 10 | |||
| Total noncurrent assets: | 71 | 109 | 176 | 181 | 175 | 168 | 152 | ||
| Other undisclosed assets | 10,312 | 9,681 | 9,814 | 9,327 | 8,894 | 8,768 | 8,194 | ||
| TOTAL ASSETS: | 10,429 | 9,834 | 10,067 | 9,566 | 9,132 | 9,064 | 8,461 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 3 | 1 | |||||||
| Taxes payable | 3 | 1 | |||||||
| Debt | 16 | 15 | |||||||
| Due to related parties | 1 | 1 | 1 | 1 | 1 | 0 | |||
| Total current liabilities: | 17 | 1 | 1 | 1 | 16 | 3 | 1 | ||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 2 | 2 | 5 | 10 | 2 | 2 | |||
| Deferred revenue and credits | ✕ | ✕ | 1 | 1 | 1 | 1 | 1 | ||
| Liability for uncertainty in income taxes | 0 | 1 | 1 | ||||||
| Qualified affordable housing project investments, commitment | 2 | 2 | 4 | 8 | ✕ | ✕ | |||
| Total noncurrent liabilities: | 2 | 2 | 5 | 10 | 2 | 2 | |||
| Other undisclosed liabilities | 8,897 | 8,646 | 8,674 | 8,372 | 7,972 | 7,807 | 7,413 | ||
| Total liabilities: | 8,914 | 8,649 | 8,678 | 8,378 | 7,998 | 7,812 | 7,417 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 1,514 | 1,184 | 1,389 | 1,188 | 1,134 | 1,253 | 1,045 | ||
| Accumulated other comprehensive income | 406 | 91 | 285 | 150 | 115 | 258 | 119 | ||
| Retained earnings | 952 | 937 | 947 | 883 | 868 | 847 | 788 | ||
| Other undisclosed stockholders' equity attributable to parent | 156 | 156 | 157 | 156 | 152 | 148 | 138 | ||
| Stockholders' equity attributable to noncontrolling interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Total stockholders' equity: | 1,514 | 1,184 | 1,389 | 1,188 | 1,134 | 1,253 | 1,045 | ||
| TOTAL LIABILITIES AND EQUITY: | 10,429 | 9,834 | 10,067 | 9,566 | 9,132 | 9,064 | 8,461 | ||
Income statement (P&L) ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 740 | 720 | 735 | 726 | 723 | 693 | 691 | |
| Insurance commissions and fees | 126 | 123 | ✕ | ✕ | ✕ | ✕ | ✕ | |
| Net investment income | 400 | 395 | 415 | 404 | 391 | 382 | 371 | |
| Financial services revenue | ✕ | ✕ | 113 | 112 | 115 | 403 | 293 | |
| Cost of revenue | (188) | (190) | (185) | (190) | (191) | (208) | (160) | |
| Policyholder benefits and claims incurred, net | (132) | (175) | ✕ | ✕ | ✕ | ✕ | ✕ | |
| Deferred policy acquisition costs, amortization expense | (33) | 30 | ||||||
| Financial services costs | ✕ | ✕ | (173) | (178) | (176) | (163) | (160) | |
| Gross profit: | 551 | 529 | 550 | 536 | 532 | 485 | 531 | |
| Operating expenses | (237) | (244) | (202) | (212) | (231) | (322) | (219) | |
| Other undisclosed operating loss | (23) | |||||||
| Operating income: | 315 | 285 | 348 | 324 | 301 | 139 | 312 | |
| Nonoperating income (expense) (Investment Income, Nonoperating) | 2 | (2) | ||||||
| Interest and debt expense | (5) | (5) | (5) | (5) | (5) | (5) | (7) | |
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (205) | (180) | (201) | (177) | (145) | 10 | (153) | |
| Income from continuing operations before equity method investments, income taxes: | 105 | 101 | 142 | 142 | 151 | 147 | 150 | |
| Income from equity method investments | 3 | 4 | 11 | 11 | 10 | 10 | 7 | |
| Income from continuing operations before income taxes: | 109 | 105 | 154 | 153 | 161 | 157 | 158 | |
| Income tax expense (benefit) | (11) | (12) | 41 | (46) | (47) | (47) | (49) | |
| Net income: | 98 | 94 | 194 | 107 | 113 | 110 | 108 | |
| Net income (loss) attributable to noncontrolling interest | (0) | (0) | (0) | 0 | 0 | 0 | 0 | |
| Net income attributable to parent: | 98 | 94 | 194 | 107 | 114 | 110 | 109 | |
| Other undisclosed net loss available to common stockholders, basic | (0) | (0) | (0) | (0) | (0) | (0) | (0) | |
| Net income available to common stockholders, diluted: | 98 | 94 | 194 | 107 | 113 | 110 | 108 | |
Comprehensive Income ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 98 | 94 | 194 | 107 | 113 | 110 | 108 | |
| Other comprehensive income (loss) | (2) | (144) | 139 | (171) | ||||
| Other undisclosed comprehensive income (loss) | 317 | (188) | 87 | 37 | ||||
| Comprehensive income (loss): | 415 | (94) | 282 | 142 | (30) | 249 | (62) | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (0) | (0) | (0) | 0 | 0 | 0 | (0) | |
| Other undisclosed comprehensive income, net of tax, attributable to parent | 0 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 415 | (94) | 282 | 142 | (30) | 249 | (62) | |
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.