• FFG: $62.96

Income Statement

As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 12/31/2017 USD 2016 Y 12/31/2018 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD
Source Document Currency Code 2015 Y 12/31/2017 USD 2016 Y 12/31/2018 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD

Revenues

Interest sensitive product charges 114,584 111,928 112,936 122,789
Traditional life insurance premiums 190,956 196,914 195,330 198,312
Net investment income 391,149 404,170 415,199 394,618
Net realized capital gains (losses) on sales of investments 11,062 3,106 599 (7,276)
Total other-than-temporary impairment losses (719) (7,320) (1,553) (5,072)
Non-credit portion in other comprehensive income/loss 146 2,451 0 74
Net impairment losses recognized in earnings (573) (4,869) (1,553) (4,998)
Other income 15,631 15,165 15,400 16,181
Total revenues 722,809 726,414 737,911 719,626

Benefits and expenses

Interest sensitive product benefits 217,443 238,586 251,878 253,753
Traditional life insurance benefits 176,145 177,682 173,023 175,209
Policyholder dividends 11,828 10,574 10,140 10,130
Underwriting, acquisition and insurance expenses 143,668 135,967 134,878 152,055
Interest expense 4,850 4,850 4,850 4,851
Other expenses 17,507 16,966 18,382 22,595
Total benefits and expenses 571,441 584,625 593,151 618,593
Total 151,368 141,789 144,760 101,033
Income tax benefit (expense) (47,418) (41,220) 39,983 (11,650)
Equity income, net of related income taxes 9,523 2,269 2,590 4,439
Net income 113,473 102,838 187,333 93,822
Net loss (income) attributable to noncontrolling interest 54 4 (28) (29)
Net income attributable to FBL Financial Group, Inc. 113,527 102,842 187,305 93,793
Earnings per common share 4.55 4.11 7.47 3.76
Earnings per common share - assuming dilution 4.53 4.10 7.47 3.75
Cash dividend per common share 1.60 NA NA NA
Special cash dividend per common share 2.00 NA NA NA

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

Net income 113,473 102,838 187,333 93,822

Other comprehensive income (loss)

Change in net unrealized investment gains/losses (146,579) 38,077 88,685 (190,114)
Non-credit impairment losses (90) (1,476) 0 (58)
Change in underfunded status of postretirement benefit plans 2,791 (1,578) (1,483) 1,987
Total other comprehensive income (loss), net of tax (143,878) 35,023 87,202 (188,185)
Total comprehensive income (loss), net of tax (30,405) 137,861 274,535 (94,363)
Comprehensive loss (income) attributable to noncontrolling interest 54 4 (28) (29)
Total comprehensive income (loss) applicable to FBL Financial Group, Inc. (30,351) 137,865 274,507 (94,392)
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