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Fbl Financial Group Inc   (FFG)
Other Ticker:  
 
    Sector  Financial    Industry Life Insurance
   Industry Life Insurance
   Sector  Financial
 
Price: $0.0000 $0.00 %
Day's High: 0.00 Week Perf:
Day's Low: $ 0.00 30 Day Perf:
Volume (M): 0 52 Wk High: $ 0.00
Volume (M$): $ 0 52 Wk Avg: $0.00
Open: $0.00 52 Wk Low: $0.00



 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) 25
 Employees 1,637
 Revenues (TTM) (Millions $) 788
 Net Income (TTM) (Millions $) 103
 Cash Flow (TTM) (Millions $) 53
 Capital Exp. (TTM) (Millions $) 13

Fbl Financial Group Inc

FBL Financial Group, Inc. sells individual life insurance and annuity products principally under the consumer brand name Farm Bureau Financial Services. This brand identity is represented by the distribution channel of our subsidiary Farm Bureau Life Insurance Company (Farm Bureau Life). In addition, in the state of Colorado, we offer life and annuity products through Greenfields Life Insurance Company (Greenfields Life).

Our core business strategies leverage areas where we have competitive advantages. Our exclusive agent distribution channel enables deep customer engagement and long-term customer relationships. We benefit from close ties to the unique needs of the agricultural market and affinity with the Farm Bureau brand, and our cross-sell culture results in industry leading cross-sell rates.

Our agents are multi-line agents who sell both property-casualty insurance products and life insurance and investment products. Having multi-line agents enhances our ability to develop a more comprehensive relationship with our customers and increases our ability to cross-sell our life insurance and annuity products to the pool of Farm Bureau property-casualty customers.

Our multi-line exclusive agent distribution channel is our foundation and we are defined by our service to the Farm Bureau niche marketplace. We capitalize on the Farm Bureau brand to grow our business and build upon our agricultural and rural market leadership. We focus on needs-based selling and have a broad portfolio of life insurance and annuity products so that we have products available to satisfy the needs of our agents and customers.

Because of their multi-line nature, our agents focus on cross-selling life insurance products to customers who already own a property-casualty policy issued by our property-casualty company partners. For example, in the eight-state region where we manage the affiliated property-casualty insurance companies and related field force (Arizona, Iowa, Kansas, Minnesota, Nebraska, New Mexico, South Dakota and Utah), 24% of our property-casualty policyholders also own a Farm Bureau Life annuity or life product. We are considered among the best-in-industry in cross-sell rates. This percentage is and has historically been higher than the industry average for multi-line exclusive agents, which is 12% according to the most recent research by the Life Insurance and Market Research Association (LIMRA). We believe there is further opportunity for growth from cross-selling as 70% of Farm Bureau members in the eight-state region have a Farm Bureau property-casualty insurance product, while only 21% of Farm Bureau members in the eight-state region have a life insurance product with us.

We provide our agents with sales materials, the necessary training and a high level of sales support. In addition, throughout our marketing territory, certain agents are life and investment specialists who work as a resource to help their fellow agents with cross-selling techniques and client needs analysis.

Our sales model is designed so that our agents act like entrepreneurial business owners with a retail financial services business. Under this model our agents have sales and service associates who assist them and provide a variety of support for insurance sales and clients.

This business strategy and sales model results in deep customer engagement and long-term customer relationships. Our agents are often viewed as the go-to person for all the insurance needs of their customers. As a result, while we underwrite the majority of the life and annuity products available for sale by our agents, we broker products sold by other carriers when we do not have the expertise, ratings or scale to compete efficiently in the marketplace. Examples of brokered products include variable products, long-term care insurance, health insurance and last survivor life policies. We earn fees from the sale of brokered products, a portion of which is passed on to the agents as commissions for the underlying sales.

We analyze operations by reviewing financial information regarding our primary products that are aggregated into the Annuity and Life Insurance product segments. In addition, our Corporate and Other segment includes various support operations, corporate capital and other product lines that are not currently underwritten by the Company.




   Company Address: 5400 University Avenue, West Des Moines, 50266 IA
   Company Phone Number: 225-5400   Stock Exchange / Ticker: NYSE FFG
   


Customers Net Income grew by FFG's Customers Net Profit Margin grew to


21.8 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

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American Equity Investment Life Holding Co

American Equity Investment Life Holding Co Skyrockets Revenue in Fourth Quarter of 2023

The financial results reported by American Equity Investment Life Holding Company for the fourth quarter of 2023 and the financial 12 months of 2023 have presented a mixed picture of the company's performance. While there are certain positive aspects to highlight, there are also areas of concern that may impact the company going forward.
One positive aspect is the strong sales of fixed index annuities, which remained robust throughout the fourth quarter. This was attributed to the company's focus on guaranteed retirement income product offerings. The emphasis on these products has contributed to the company's overall success in the fixed index annuity market.

Genworth Financial Inc

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Genworth Financial, Inc. recently reported its results for the quarter ended September 30, 2023, and showcased a strong financial performance despite experiencing volatility in its LTC (Long Term Care) results. Tom McInerney, President and CEO of Genworth, commented on the company's ability to execute its strategy and maximize shareholder value, with Enact's capital returns fueling their share repurchase program.
However, the fiscal span closing on December 31, 2023, revealed a slip into a shortfall for Genworth Financial Inc, with earnings per share falling to $-0.34 from $0.35 the previous year, and a decline from $0.06 per share from the preceding reporting period. On a positive note, the company's revenue saw a slight growth of 0.844%, reaching $1.91 billion from $1.90 billion in the same reporting period a year prior. Sequentially, the revenue experienced a 4.369% increase from $1.83 billion.

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Globe Life Inc

Globe Life Inc sees Double Digit Income per Share Growth of 34.17% in Q4 2023



Globe Life Inc, a prominent Life Insurance company, recently released its Fourth Quarter 2023 financial report, showcasing impressive results. In line with this, the company's stock has experienced a notable increase of 4.44% over the past 30 days, indicating a positive market sentiment. This surge in stock value demonstrates investor confidence in Globe Life's performance, as it also marks a 5.24% increase during the first quarter of 2024. As we delve into the financial results, it becomes evident that Globe Life Inc is poised for further growth and success.
1. Revenue Growth and Increased Profitability:
Globe Life Inc reported a significant revenue growth of 7.033% in the fourth quarter of 2023, reaching $1.42 billion compared to $1.32 billion year-over-year. This growth bodes well for the company's financial stability and future prospects. Moreover, the company's income rose by an impressive 34.17% to $2.92 compared to $2.18 in the prior year quarter. These positive figures indicate robust operational efficiency and improved profitability.

Jackson Financial Inc

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Investors in the stock market have been closely watching the financial performance of Jackson Financial Inc. as the company recently reported its fiscal results for the year ending December 31, 2023. The Life Insurance company revealed a significant increase in loss per share, from $-8.48 per share in the previous year to $-19.65 per share in the most recent reporting period. This decline in earnings per share was accompanied by a steep fall in revenue, which tumbled by -65.771% from $2.61 billion to an undisclosed amount.
Despite these challenging financial results, analysts have noted some improvements in the company's operating performance. Jackson Financial Inc. reported revenue of $3.16 billion and a net income of $954.00 million for the fiscal year 2023. While these numbers are lower than the previous year's figures, it shows that the company is making strides towards financial stability.






 

Fbl Financial Group Inc's Segments
 
 
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