FBL Financial Profits Shrivel 12% In 3Q

November 10, 2015 by Cyril Tuohy

An increase in death benefits led to a 12 percent third quarter net income loss at FBL Financial Group Inc., the West Des Moines, Iowa-based owner of Farm Bureau Life Insurance. Company officials cited the increase in death benefits as the primary reason third-quarter net income dropped to $26.7 million compared with the year-ago period.

Death benefits, net of reinsurance and reserves released to pay for the benefits, increased to $26.9 million from $20.6 million in the year-ago period. Click HERE to view article

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Originally Posted at InsuranceNewsNet on November 04, 2015 by Cyril Tuohy.