Fbl financial group, inc. (FFG)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenues:
Interest sensitive product charges

31,720

32,178

31,135

32,534

31,266

30,624

31,161

30,906

30,098

26,275

28,004

29,456

29,201

28,939

25,851

29,027

28,111

28,334

29,856

28,273

28,121

27,685

27,633

27,361

27,091

27,206

32,270

26,795

25,304

26,350

25,638

24,190

25,232

24,139

24,789

24,046

24,129

28,371

30,435

Traditional life insurance premiums

49,308

50,502

46,982

50,987

49,392

49,600

48,124

51,091

49,497

49,547

47,087

50,262

48,434

49,489

47,682

49,605

50,138

48,198

46,719

48,891

47,148

45,344

45,020

47,444

45,492

46,069

43,883

46,058

44,934

44,169

41,886

45,908

43,123

42,651

40,342

44,139

41,387

38,721

42,791

Net investment income

74,917

108,986

101,478

104,894

109,640

83,865

105,757

103,974

101,022

107,347

102,950

103,908

100,994

101,549

103,514

100,722

98,385

99,005

95,882

97,489

98,773

98,492

95,744

95,215

92,631

93,561

93,382

92,898

90,810

91,531

93,482

89,423

86,888

86,008

85,451

88,066

83,785

181,974

179,908

Derivative income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39,826

-54,285

Gain (Loss) on Investments, Excluding Other than Temporary Impairments

-13,401

-2,707

696

377

10,157

-5,661

-709

841

-1,747

0

81

921

-403

3,139

646

-2,269

1,590

3,553

-93

7,968

-366

221

1,273

2,806

-540

3,142

1,458

7,435

3,932

6,810

5,379

4,411

879

745

279

2,071

2,260

6,532

2,187

Other than Temporary Impairment, Credit Losses Recognized in Earnings, Additions, No Previous Impairment

12,261

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other than Temporary Impairment Losses

0

-

-

-

869

-

-

-

-

-

-

-

-

3,551

25

25

3,719

0

559

160

0

-

273

0

-

802

5,015

199

646

5,211

6,208

3,679

11,301

7,308

-21

7,192

5,727

370

31,356

Non-credit portion in other comprehensive income/loss

-

-

-

-

-

-

-

-

-

-

-

-

-

929

0

0

1,522

0

146

0

0

-

0

0

-

8,500

-4,250

0

0

21,442

-2,291

0

-9,779

964

1,167

-5,111

-3,575

1,063

-24,262

Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net

-

-

50

0

-

3,908

50

0

1,040

1,420

67

0

66

2,622

25

25

2,197

0

413

160

0

-

273

0

-

802

765

199

646

7,909

3,917

3,679

1,522

8,272

1,146

2,081

2,152

1,433

7,094

Other income

4,980

4,602

4,417

4,114

3,970

4,116

3,828

3,637

4,600

3,689

3,501

4,450

3,760

3,685

3,616

4,225

3,639

3,534

3,543

4,284

4,270

3,954

4,023

3,011

3,861

3,808

3,288

3,696

3,714

3,643

2,891

5,729

5,005

3,866

4,856

3,980

4,999

3,562

3,931

Total revenues

135,263

193,561

184,658

192,906

203,556

158,636

188,111

190,449

182,430

185,438

181,556

188,997

181,920

184,179

181,284

181,285

179,666

182,624

175,494

186,745

177,946

175,147

173,420

175,837

168,535

172,984

173,516

176,683

168,048

164,594

165,359

165,982

159,605

149,137

154,571

160,221

154,408

297,553

197,873

Benefits and expenses:
Interest sensitive product benefits

44,351

73,507

67,147

65,223

70,596

59,626

70,145

62,637

61,345

63,661

67,206

58,251

62,760

59,726

65,882

58,559

54,419

54,322

53,940

53,373

55,808

53,395

53,002

51,763

53,380

53,188

53,488

48,631

48,292

49,337

48,640

49,328

49,082

47,831

49,410

48,220

46,621

117,282

128,454

Change in value of index product embedded derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-56,598

58,602

Traditional life insurance benefits

46,208

43,142

42,877

41,960

46,675

41,860

44,168

43,725

45,456

44,826

42,633

42,610

42,954

47,623

42,121

43,369

44,569

44,178

41,604

44,654

45,709

41,013

38,375

41,991

41,497

40,676

39,726

40,263

39,806

39,365

37,473

40,341

39,111

39,046

35,598

37,717

36,598

35,242

31,211

Policyholder dividends

2,529

2,514

2,441

2,564

2,534

2,539

2,480

2,560

2,551

2,543

2,487

2,557

2,553

2,560

2,459

2,515

3,040

3,026

2,885

2,956

2,961

2,926

2,834

2,907

3,345

3,322

3,244

3,395

3,358

3,382

3,279

3,370

4,244

4,265

4,109

4,356

4,300

4,193

4,387

Underwriting, acquisition and insurance expenses

39,421

26,290

39,197

38,948

36,189

44,434

30,834

37,210

39,577

36,649

27,535

36,341

34,353

33,530

25,785

38,938

37,714

36,133

36,176

35,818

35,541

34,711

34,829

35,274

33,444

32,831

33,070

37,335

35,024

34,866

39,939

34,374

32,727

32,414

35,267

27,252

33,251

33,603

49,663

Interest expense

1,213

1,213

1,213

1,212

1,212

1,213

1,212

1,213

1,213

1,212

1,213

1,213

1,212

1,212

1,213

1,213

1,212

1,213

1,213

1,212

1,212

1,212

1,197

1,086

1,212

1,217

1,833

1,838

1,975

1,980

2,007

1,983

1,982

2,008

1,983

2,153

2,388

6,099

6,117

Loss on debt redemption

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33

33,176

0

0

0

-

-

Other expenses

7,421

6,597

5,764

6,635

6,250

6,314

5,061

5,627

5,593

4,520

4,971

4,740

4,151

4,319

3,854

4,435

4,358

4,082

4,277

4,618

4,530

4,446

3,488

4,383

4,128

4,175

5,037

4,818

4,384

4,054

3,986

6,683

5,790

4,884

4,886

6,001

4,881

4,310

5,055

Total benefits and expenses

141,143

153,263

158,639

156,542

163,456

155,986

153,900

152,972

155,735

153,411

146,045

145,712

147,983

148,970

141,314

149,029

145,312

142,954

140,095

142,631

145,761

137,703

133,725

137,404

137,006

135,409

136,398

136,280

132,839

132,984

135,324

136,079

132,969

163,624

131,253

125,699

128,039

257,327

166,285

Income before equity method investments, income taxes and noncontrolling interest

-5,880

40,298

26,019

36,364

40,100

2,650

34,211

37,477

26,695

32,027

35,511

43,285

33,937

35,209

39,970

32,256

34,354

39,670

35,399

44,114

32,185

37,444

39,695

38,433

31,529

37,575

37,118

40,403

35,209

31,610

30,035

29,903

26,636

-14,487

23,318

34,522

26,369

40,226

31,588

Income tax benefit (expense)

-3,081

6,500

1,642

5,511

6,276

-2,812

4,818

5,831

3,813

-74,487

9,880

13,891

10,733

6,583

13,091

10,477

11,069

11,361

11,520

14,153

10,384

12,233

12,535

12,339

10,228

12,399

11,962

13,378

11,583

10,451

10,606

10,256

8,758

-7,711

7,835

10,355

8,318

13,530

10,511

Income (Loss) from Equity Method Investments

228

1,033

799

1,404

220

998

1,642

1,139

660

-4,052

487

2,924

3,231

-6,124

3,128

2,613

2,652

2,591

2,761

2,402

1,769

2,932

2,992

2,531

1,648

1,741

1,829

2,528

1,312

1,374

1,058

630

1,621

265

231

57

731

1,955

1,207

Net income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22,533

20,487

20,277

19,499

-6,511

15,714

24,224

18,782

-

-

Discontinued operations:
Loss on sale of subsidiary, net of tax benefit ($1,213 in 2012 and $29,198 in 2011)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-2,252

-54,143

0

0

0

-

-

Income from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22

55

-84

-680

13,061

11,354

11,997

6,267

-

-

Total income (loss) from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22

55

-84

-2,932

-41,082

11,354

11,997

6,267

-

-

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-2,571

-

25,176

32,257

34,044

-

31,035

32,785

23,542

-

26,118

32,318

26,435

-

30,007

24,392

25,937

-

26,640

32,363

23,570

-

30,152

28,625

22,949

-

26,985

29,553

24,938

22,555

20,542

20,193

16,567

-47,593

27,068

36,221

25,049

28,651

22,284

Net (income) loss attributable to noncontrolling interest

-56

92

47

-41

1

45

25

-18

-23

8

-9

27

2

3

-10

12

-9

-5

-19

-9

-21

-5

-7

-17

-43

-35

-68

-34

-28

-31

66

-98

-20

27

-1

-18

-2

-26

-39

Net Income (Loss) Attributable to Parent

-2,515

34,739

25,129

32,298

34,043

6,415

31,010

32,803

23,565

102,454

26,127

32,291

26,433

22,499

30,017

24,380

25,946

30,905

26,659

32,372

23,591

28,148

30,159

28,642

22,992

26,952

27,053

29,587

24,966

22,586

20,476

20,291

16,587

-47,620

27,069

36,239

25,051

28,677

22,323

Earnings per common share:
Comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

72,464

19,561

-

172,829

87,872

41,795

-

-

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.86

0.77

0.74

0.64

-0.22

0.51

0.79

0.61

-

-

Income (loss) from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.01

0.00

0.00

-0.10

-1.33

0.37

0.39

0.20

-

-

Earnings (loss) per common share

-0.10

1.41

1.01

1.30

1.37

0.27

1.24

1.31

0.94

4.09

1.04

1.29

1.05

0.90

1.20

0.97

1.04

1.23

1.07

1.30

0.95

1.14

1.21

1.15

0.92

1.09

1.05

1.14

0.97

0.85

0.77

0.74

0.54

-1.55

0.88

1.18

0.81

0.94

0.73

Earnings per common share - assuming dilution:
Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.85

0.76

0.73

0.63

-0.21

0.50

0.78

0.60

-

-

Income (loss) from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

-0.10

-1.31

0.36

0.38

0.20

-

-

Earnings (loss) per common share - assuming dilution

-0.10

1.41

1.01

1.30

1.37

0.26

1.24

1.31

0.94

4.09

1.04

1.29

1.05

0.89

1.20

0.97

1.04

1.24

1.06

1.29

0.94

1.13

1.21

1.14

0.91

1.08

1.04

1.13

0.96

0.85

0.76

0.73

0.53

-1.52

0.86

1.16

0.80

0.93

0.73

Cash dividends per common share

-

-

-

-

-

-

-

-

-

-

-

0.44

1.94

-

0.42

0.42

2.42

-

0.40

0.40

2.40

-

0.35

0.35

0.35

-

2.15

0.11

0.11

-

0.10

0.10

0.10

-

0.06

0.06

0.06

0.06

0.06