FBL FINANCIAL GROUP, INC. FFG Cash Flow

Fbl financial group, inc. (FFG)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Operating activities
Net income (loss)
89,693	126,308	97,937	103,796	104,324	93,822	191,350	184,907	184,440	187,333	105,847	111,262	103,336	102,838	111,236	107,869	115,840	113,473	110,716	114,228	110,490	109,869	108,643	105,476	106,404	108,393	104,031	97,588	88,228	79,857	9,709	16,235	32,263	40,745	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Interest credited to account balances
164,342	161,893	160,448	162,076	162,504	164,623	165,508	165,872	163,505	163,111	160,838	309,020	231,429	153,856	380,296	153,284	153,114	152,467	-151,987	-151,681	-150,478	-149,528	-148,342	-147,469	-146,411	-144,906	-143,556	-142,494	-142,460	-141,490	-201,677	-288,620	-372,377	-449,164	0	0	0
Charges for mortality, surrenders and administration
128,091	126,165	125,263	123,841	122,318	120,944	115,665	114,726	113,622	112,682	115,456	114,250	113,076	111,792	110,550	109,837	108,876	108,250	107,403	106,613	105,996	105,100	104,415	103,237	102,052	100,820	99,903	98,079	97,752	95,437	98,780	102,457	105,607	111,881	0	0	0
Net realized (gains) losses on investments
-27,346	7,604	742	96	56	-12,274	-6,558	-6,544	-5,960	-3,387	983	1,590	-1,625	-1,763	1,273	146	10,248	10,489	6,608	8,114	3,112	2,938	5,606	5,299	9,729	13,555	10,116	10,885	4,381	452	26,073	36,196	37,393	30,096	0	0	0
Change in fair value of derivatives
636	2,232	-11,771	-9,009	-7,667	-7,162	4,927	8,630	5,788	8,007	8,124	6,094	5,163	828	-456	-1,833	-581	1,098	284	552	1,124	1,353	1,086	1,334	856	955	654	568	321	-259	13,796	36,788	46,682	64,940	0	0	0
Increase in liabilities for life insurance and other future policy benefits
70,179	66,503	65,981	74,071	77,029	77,786	80,799	82,515	87,760	87,489	89,755	90,193	88,358	91,080	106,564	94,181	81,005	76,474	57,183	62,212	68,260	65,999	61,974	58,322	57,861	58,064	59,379	54,077	56,034	55,081	53,139	53,613	44,397	39,585	0	0	0
Deferral of acquisition costs
42,994	45,578	48,403	48,155	48,217	47,771	43,866	44,745	45,098	44,409	43,093	43,484	43,216	42,553	43,812	43,499	42,802	43,215	41,868	41,684	41,719	41,409	41,871	41,063	41,281	43,452	44,378	44,374	46,058	47,552	61,813	76,093	93,181	109,803	0	0	0
Amortization of deferred acquisition costs and value of insurance in force
27,698	25,875	39,761	33,229	33,831	36,371	33,231	28,769	27,732	25,016	25,013	25,084	28,272	30,898	31,558	42,002	39,476	38,306	40,242	39,545	37,732	37,171	33,140	31,613	34,739	33,076	35,549	43,094	41,481	43,466	92,976	110,394	108,775	139,784	0	0	0
Change in reinsurance recoverable
922	2,415	-717	274	-822	-4,081	2,239	-2,728	1,802	5,097	-1,266	2,240	1,184	1,392	4,199	-6,373	-1,969	2,651	2,984	12,667	6,290	1,246	3,392	-11	2,538	1,763	2,046	3,508	-2,305	3,553	9,381	-6,093	-8,622	-12,195	0	0	0
Provision for deferred income taxes
-1,904	6,876	2,915	2,258	16	-4,952	-77,915	-78,338	-76,782	-73,094	12,340	8,470	8,738	9,409	11,732	8,371	6,017	6,840	2,264	4,756	6,685	7,774	8,612	7,594	10,371	6,058	10,492	47,313	44,521	48,789	13,541	-30,053	-28,576	-35,865	0	0	0
Loss on sale of subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,252	-56,395	-56,395	-56,395	-54,143	0	0	0
Loss on debt redemption
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-33,209	-33,176	0	0	0
Other
8,670	-9,593	-8,545	14,487	-16,667	-16,725	-10,582	-21,162	-10,132	-16,587	-9,632	-12,940	-18,076	-1,883	1,767	5,837	8,269	-3,053	-2,458	-9,992	-8,603	9,537	3,907	9,836	13,561	7,677	-46,241	-10,036	-19,337	17,754	133,902	78,472	95,600	56,781	0	0	0
Net cash provided by operating activities
196,041	213,054	213,667	197,586	232,269	239,177	243,416	246,058	236,437	239,634	237,035	238,859	242,561	235,162	252,675	252,960	226,513	224,910	205,703	212,784	224,007	208,758	200,434	189,716	185,769	182,275	242,184	237,221	245,854	206,479	116,868	204,467	248,999	359,426	0	0	0
Investing activities
Sales, maturities or repayments:
Fixed maturities - available for sale
657,847	665,276	624,599	552,515	580,126	590,106	630,601	678,516	651,624	619,627	538,629	543,175	543,092	539,657	589,195	583,419	595,499	615,811	610,000	631,116	553,087	511,246	524,736	521,061	574,752	720,316	742,695	747,638	735,283	653,067	822,300	981,871	1,124,603	1,267,355	0	0	0
Equity securities
16,096	15,397	0	0	0	-	-	-	-	9,880	9,815	10,889	5,676	5,532	6,186	6,172	15,101	14,921	14,100	13,080	2,060	1,840	3,200	5,755	5,365	12,810	16,306	13,916	14,193	12,860	7,524	9,584	8,817	2,505	0	0	0
Mortgage loans
112,824	102,132	92,498	81,733	83,428	69,208	74,085	70,562	61,644	62,285	59,346	75,368	83,442	81,425	71,547	52,816	37,179	42,429	41,742	50,044	49,619	43,634	51,335	59,170	62,841	64,215	61,632	65,555	60,583	71,544	82,857	74,941	86,884	87,847	0	0	0
Derivative instruments
22,989	15,659	12,752	15,156	14,744	16,754	17,369	16,240	14,299	13,220	10,732	8,804	5,974	2,987	2,130	2,021	2,886	3,899	4,142	3,282	2,585	1,760	883	674	618	506	480	424	302	161	31,056	2,916	10,285	55,349	0	0	0
Policy loans
37,259	36,441	35,740	35,747	36,682	36,720	37,654	35,950	35,197	36,330	35,908	36,336	36,539	35,458	35,433	36,105	35,369	35,406	35,517	35,224	33,907	33,704	33,131	32,904	34,444	34,946	34,012	37,321	36,509	35,907	37,022	34,632	36,225	38,344	0	0	0
Securities and indebtedness of related parties
8,522	8,814	10,355	9,804	7,896	8,359	7,699	8,161	8,204	8,999	8,130	6,645	6,604	10,079	17,892	22,420	28,763	27,789	18,116	14,452	6,682	2,997	11,063	9,397	11,185	10,381	2,592	2,493	705	302	0	0	0	-	-	-	-
Other investments
6,270	6,147	5,569	6,257	7,103	6,831	5,098	3,674	1,095	164	185	185	178	171	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisitions:
Fixed maturities - available for sale
890,517	815,762	669,606	522,346	545,151	705,250	845,303	925,099	859,742	690,013	677,020	795,178	844,778	829,184	800,831	765,107	795,409	871,406	887,871	858,049	794,922	777,547	701,038	651,468	820,522	893,555	1,000,697	1,087,078	1,036,169	1,086,107	1,098,343	1,215,007	1,488,869	1,769,476	0	0	0
Equity securities
7,809	16,729	16,193	15,256	14,127	4,447	4,389	3,873	2,979	2,692	2,900	997	10,833	11,057	10,070	12,413	17,029	23,833	25,175	25,383	21,119	19,178	23,135	37,009	30,615	26,740	26,295	26,592	39,350	38,994	33,344	20,789	6,354	4,643	0	0	0
Mortgage loans
81,302	71,202	79,702	117,802	138,300	139,836	165,545	174,895	174,595	217,409	200,750	189,330	175,948	160,005	164,760	133,005	131,637	155,815	106,110	141,531	136,758	96,623	107,348	85,455	94,818	87,568	95,143	93,040	84,430	75,780	55,102	43,443	34,453	49,303	0	0	0
Derivative instruments
21,258	19,886	18,270	17,142	15,638	14,425	13,235	11,803	10,542	9,311	8,460	8,093	7,120	6,847	6,390	5,706	4,941	4,122	3,490	3,105	2,678	2,399	1,847	1,406	1,101	607	416	325	247	223	16,850	34,489	51,259	63,478	0	0	0
Policy loans
40,256	40,664	40,371	41,155	42,499	42,688	43,125	42,158	40,629	39,474	37,624	37,527	37,561	37,928	38,616	39,888	39,896	38,688	39,525	37,832	37,647	39,213	38,941	39,466	39,778	37,685	36,761	36,607	36,590	37,793	38,327	39,203	40,006	40,371	0	0	0
Securities and indebtedness of related parties
20,364	21,084	21,413	24,213	21,223	21,146	19,299	15,105	14,476	13,555	10,640	12,016	14,781	13,288	16,109	19,915	20,476	26,213	27,361	23,874	24,548	20,317	21,234	25,985	28,054	30,960	33,236	36,101	35,472	38,153	42,475	32,885	30,769	26,680	0	0	0
Other long-term investments
12,774	7,649	5,677	4,148	3,335	7,891	6,611	6,531	5,531	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term investments, net change
18,065	-3,848	-2,826	-5,620	-18,560	-1,294	170	-14,480	15,811	659	16,439	7,064	941	-11,903	-8,354	-6,719	-9,939	-20,334	-26,874	-19,711	-44,331	-60,092	-10,878	-12,401	-21,513	34,161	36,177	32,691	57,516	32,760	-3,321	9,477	-160,289	-306,839	0	0	0
Purchases and disposals of property and equipment, net
13,704	15,990	15,923	14,384	14,710	12,520	12,021	11,540	11,016	11,427	10,819	11,910	12,630	11,787	10,396	10,076	7,853	9,869	9,535	8,114	10,842	8,639	9,961	12,429	11,587	11,846	10,046	8,133	4,956	3,422	3,066	2,733	3,408	5,008	0	0	0
Net cash provided by (used in) investing activities
-243,601	-154,611	-60,668	-37,490	-39,405	-211,892	-336,480	-362,469	-353,405	-233,318	-301,190	-379,996	-423,087	-382,884	-316,435	-276,438	-292,505	-369,357	-348,576	-330,979	-336,243	-308,643	-268,278	-211,856	-313,770	-277,961	-388,382	-460,548	-456,470	-548,706	168,031	178,766	244,833	272,128	0	0	0
Financing activities
Contract holder account deposits
742,615	606,917	581,810	582,719	543,086	668,482	701,483	673,649	678,929	534,449	527,330	544,597	589,953	600,383	540,672	542,022	516,771	586,072	627,186	648,022	624,454	608,435	569,418	563,383	626,194	565,255	545,354	532,563	551,405	629,700	808,290	960,021	1,131,494	1,327,043	0	0	0
Contract holder account withdrawals
603,785	577,238	656,678	630,490	649,659	631,181	531,034	513,222	477,630	440,581	420,018	406,225	337,884	344,664	356,244	353,847	381,292	415,262	406,838	424,282	413,686	396,795	403,687	398,306	400,029	384,914	375,123	362,026	357,264	361,189	682,013	975,475	1,201,259	1,391,312	0	0	0
Issuance of common stock, net of repurchases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Dividends paid
84,995	84,474	84,029	83,607	83,187	83,128	82,706	82,261	81,813	81,401	80,885	80,361	79,838	91,602	91,070	90,533	90,012	89,347	88,075	86,812	85,525	34,749	29,796	76,431	70,633	64,775	63,671	10,976	10,826	11,082	11,530	10,856	10,076	8,917	0	0	0
Proceeds from Issuance of Short-Term Debt
61,000	55,000	20,000	4,000	31,000	27,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from restricted debt defeasance trusts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Repayments of short-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	15,000	15,000	15,000	15,000	0	0	0	0	-	-	-	-	-	-	-	-	174,258	224,258	224,258	224,258	50,000	0	0	0
Receipts related to noncontrolling interests, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	53	-	9	16	45	60	152	179	165	159	124	81	47	24	0	0	0	-	-	-	-
Excess tax deductions on stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	986	-	1,459	1,288	1,312	1,199	888	1,059	1,371	1,964	1,938	1,764	1,376	2,393	2,636	2,568	2,550	656	0	0	0
Issuance or repurchase of common stock, net
-687	-5,346	-11,520	-11,587	-14,733	-15,152	-8,974	-8,848	-5,612	356	785	1,016	1,010	1,840	2,267	-1,673	-1,343	-584	-1,429	274	-2,309	-8,003	-6,988	-48,143	-47,325	-43,707	-60,628	-44,696	-176,479	-173,253	0	0	0	-	-	-	-
Proceeds from (Payments for) Other Financing Activities
-121	-60	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	211,627	0	0	0	-	-	-	-
Net cash provided by (used in) financing activities
59,027	-60,201	-154,417	-169,947	-200,460	-60,946	78,776	96,307	113,848	12,797	27,482	59,401	173,852	151,815	96,509	97,040	45,163	97,305	132,312	138,506	124,291	170,147	104,987	-8,259	59,743	23,982	22,994	116,710	8,259	123,962	-275,981	-388,957	-307,990	-340,009	0	0	0
Increase (decrease) in cash and cash equivalents
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash and Cash Equivalents, Period Increase (Decrease)
-	-	-	-	-	-33,661	-14,288	-20,104	-3,120	19,113	-36,673	-81,736	-6,674	4,093	32,749	73,562	-20,829	-47,142	-10,561	20,311	12,055	70,262	37,143	-30,399	-68,258	-71,704	-123,204	-106,617	-202,357	-218,265	8,918	-5,724	185,842	291,545	0	0	0
Supplemental disclosures of cash flow information
Interest Paid, Excluding Capitalized Interest, Operating Activities
4,860	4,860	4,853	4,869	4,868	4,868	4,868	4,850	4,850	4,850	4,851	4,850	4,851	4,854	4,853	4,854	4,853	4,850	4,850	4,850	4,850	4,850	4,851	5,579	6,342	7,104	7,866	7,900	7,900	11,383	14,340	18,040	21,293	22,298	0	0	0
Cash (paid) received during the period for income taxes
-4,651	-2,736	-1,008	-3,015	-3,000	-3,005	-8,072	-12,765	-16,354	-16,347	-23,495	-22,495	-20,891	-20,894	-51,903	-38,203	-29,703	-27,701	-17,002	-23,302	-22,806	-22,802	23,201	23,001	21,005	21,001	-17,830	-19,400	-24,526	-27,957	17,504	30,719	61,853	52,852	0	0	0
Non-cash operating activity:
Deferral of sales inducements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	51,502	0	0	0
Non-cash investing and financing activity:
Non-cash refinancing of debt payable to affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Stock repurchase obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0