Fbl Financial Group Inc's Suppliers recorded an increase in sales by 25.48 % year on year in Q1 2021, sequentially sales grew by 0.7 %, Fbl Financial Group Inc recorded an increase in cost of sales by 1934.52 % year on year, sequentially cost of sales grew by 0.39 % in Q1.
Fbl Financial Group Inc's Suppliers recorded an increase in sales by 25.48 % year on year in Q1 2021, sequentially sales grew by 0.7 %, Fbl Financial Group Inc recorded increase in cost of sales by 1934.52 % year on year, sequentially cost of sales grew by 0.39 % in Q1.
We reinsure a portion of our life insurance exposure with unaffiliated insurance
companies under traditional indemnity reinsurance agreements. New sales of life
products are reinsured above prescribed limits and do not require the reinsurers
prior approval within certain guidelines. We do not use financial or surplus relief
reinsurance. We enter into indemnity reinsurance arrangements to assist in diversifying
our risks and to limit our maximum loss on risks that exceed our policy retention
limits. Our maximum retention limit on an insured life ranges up to $1.5 million
depending on when the policy was issued.
Reinsurance contracts do not fully discharge our obligation to pay claims on
the reinsured business. As the ceding insurer, we remain responsible for policy
claims to the extent the reinsurer fails to pay claims. No reinsurer of business
ceded by us has failed to pay any material policy claims (either individually
or in the aggregate) with respect to our ceded business. We continually evaluate
the financial strength of our reinsurers and monitor concentrations of credit
risk. If for any reason reinsurance coverages would need to be replaced, we
believe that replacement coverages from financially responsible reinsurers would
be available.
Fbl Financial Group Inc's Comment on Supply Chain
We reinsure a portion of our life insurance exposure with unaffiliated insurance
companies under traditional indemnity reinsurance agreements. New sales of life
products are reinsured above prescribed limits and do not require the reinsurers
prior approval within certain guidelines. We do not use financial or surplus relief
reinsurance. We enter into indemnity reinsurance arrangements to assist in diversifying
our risks and to limit our maximum loss on risks that exceed our policy retention
limits. Our maximum retention limit on an insured life ranges up to $1.5 million
depending on when the policy was issued.
Reinsurance contracts do not fully discharge our obligation to pay claims on
the reinsured business. As the ceding insurer, we remain responsible for policy
claims to the extent the reinsurer fails to pay claims. No reinsurer of business
ceded by us has failed to pay any material policy claims (either individually
or in the aggregate) with respect to our ceded business. We continually evaluate
the financial strength of our reinsurers and monitor concentrations of credit
risk. If for any reason reinsurance coverages would need to be replaced, we
believe that replacement coverages from financially responsible reinsurers would
be available.
FFG's Suppliers Net Income grew by
FFG's Suppliers Net margin grew in Q1 to
21.65 %
FFG's Suppliers Net Income grew by
FFG's Suppliers Net margin grew in Q1 to 21.65 %
Fbl Financial Group Inc's Suppliers Sales Growth
in Q1 2021 by Industry
Sources:
Fbl Financial Group Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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