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)

12/31/2019
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 investments2935705058125115
Cash and cash equivalents1719533429776
Short-term investments121617162849109
Receivables1197853 
Total current assets:4043775863128115
Noncurrent Assets
Property, plant and equipment42393634302926
Long-term investments and receivables7561130137135130116
Long-term investments7561130137135130116
Intangible assets, net (including goodwill)10101010101010
Goodwill10101010101010
Total noncurrent assets:127109176181175168152
Other undisclosed assets10,3139,6819,8149,3278,8948,7688,194
TOTAL ASSETS:10,4809,83410,0679,5669,1329,0648,461
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities     31
Taxes payable     31
Debt    15  
Due to related parties111110 
Total current liabilities:11111631
Noncurrent Liabilities
Liabilities, other than long-term debt 2251022
Deferred revenue and credits11111
Liability for uncertainty in income taxes    011
Qualified affordable housing project investments, commitment 2248
Total noncurrent liabilities: 2251022
Other undisclosed liabilities8,9938,6468,6748,3727,9727,8077,413
Total liabilities:8,9948,6498,6788,3787,9987,8127,417
Stockholders' equity
Stockholders' equity attributable to parent, including:1,4861,1841,3891,1881,1341,2531,045
Accumulated other comprehensive income35591285150115258119
Retained earnings975937947883868847788
Other undisclosed stockholders' equity attributable to parent156156157156152148138
Stockholders' equity attributable to noncontrolling interest0000000
Total stockholders' equity:1,4861,1841,3891,1881,1341,2531,045
TOTAL LIABILITIES AND EQUITY:10,4809,83410,0679,5669,1329,0648,461

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues775720735726723693691
Insurance commissions and fees127123
Net investment income425395415404391382371
Financial services revenue113112115403293
Cost of revenue(187)(190)(185)(190)(191)(208)(160)
Policyholder benefits and claims incurred, net(175)(175)
Deferred policy acquisition costs, amortization expense     (33)30
Financial services costs(173)(178)(176)(163)(160)
Gross profit:588529550536532485531
Operating expenses(212)(244)(202)(212)(231)(322)(219)
Other undisclosed operating loss     (23) 
Operating income:376285348324301139312
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(229)(180)(201)(177)(145)10(153)
Income from continuing operations before equity method investments, income taxes:143101142142151147150
Income from equity method investments34111110107
Income from continuing operations before income taxes:146105154153161157158
Income tax expense (benefit)(20)(12)41(46)(47)(47)(49)
Net income:12694194107113110108
Net income (loss) attributable to noncontrolling interest(0)(0)(0)0000
Net income attributable to parent:12694194107114110109
Other undisclosed net loss available to common stockholders, basic(0)(0)(0)(0)(0)(0)(0)
Net income available to common stockholders, diluted:12694194107113110108

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:12694194107113110108
Other comprehensive income (loss)   (2)(144)139(171)
Other undisclosed comprehensive income (loss)263(188)8737   
Comprehensive income (loss):390(94)282142(30)249(62)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(0)(0)000(0)
Other undisclosed comprehensive income, net of tax, attributable to parent      0
Comprehensive income (loss), net of tax, attributable to parent:390(94)282142(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.

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