FBL Financial Group, Inc. (FFG) - Financial and Strategic SWOT
Analysis Review
Reference Code: GDFS29263FSA Publication Date: APR 2012
5400 University Avenue Phone +1 515 2255400 Revenue 618.3 (million USD)
West Des Moines, IA Fax Net Profit 31.28 (million USD)
50266-5997 Website www.fblfinancial.com Employees 1,570
FFG [New York Stock
United States Exchange Industry Financial Services
Exchange]
Company Overview
FBL Financial Group, Inc. (FBL) is a holding insurance company operating through its primary subsidiary, Farm Bureau Life
Insurance Company (Farm Bureau). Through Farm Bureau, FBL underwrites, markets and distributes life insurance and annuities
products to individuals and businesses. FBL offers traditional annuity, traditional and universal life insurance products. Through
its other subsidiaries, FBL offers investment advisory, marketing and distribution services. The company operates its business
through three reportable segments, namely, Annuity segment, Life Insurance Segment, and Corporate and other segment.
Key Executives SWOT Analysis
Name Title FBL Financial Group, Inc., SWOT Analysis
James E. Hohmann Chief Executive Officer Strengths Weaknesses
Steve L. Baccus Director
Investment Portfolio Decline in Profitability
Tim H. Gill Director
Segmental Performance Lack of Geographic Presence
Robert H. Hanson Director
Craig D. Hill Chairman
Source: Annual Report, Company Website, Primary and Secondary
Opportunities Threats
Research, GlobalData
Growth Prospects for Insurance Solvency II Regulations
Share Data in Emerging Markets
Lower Interest Rates
FBL Financial Group, Inc.
Favorable Phase for Life and
Share Price (USD) as on 20-Apr- 29.37 Annuity Market
2012
EPS (USD) 1.77
Source: Annual Report, Company Website, Primary and Secondary Research,
Market Cap (million USD) 903 GlobalData
Enterprise Value (million USD) 931
Shares Outstanding (million) 31
Source: Annual Report, Company Website, Primary and Secondary
Research, GlobalData
Financial Performance
Source: Annual Report, Company Website, Primary and Secondary
Research, GlobalData
FBL Financial Group, Inc. (FFG) - Financial and Strategic SWOT Reference Code: GDFS29263FSA
Analysis Review
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Table of Contents
Table of Contents ............................................................................................................................................................................... 2
List of Tables .................................................................................................................................................................................. 3
List of Figures ................................................................................................................................................................................. 3
Section 1 - About the Company.......................................................................................................................................................... 4
FBL Financial Group, Inc. - Key Facts ................................................................................................................................................ 4
FBL Financial Group, Inc. - Key Employees ....................................................................................................................................... 5
FBL Financial Group, Inc. - Key Employee Biographies ..................................................................................................................... 6
FBL Financial Group, Inc. - Major Products and Services .................................................................................................................. 7
FBL Financial Group, Inc. - History .................................................................................................................................................... 8
FBL Financial Group, Inc. - Company Statement ............................................................................................................................. 10
FBL Financial Group, Inc. - Locations And Subsidiaries .................................................................................................................. 15
Head Office ................................................................................................................................................................................... 15
Other Locations & Subsidiaries ..................................................................................................................................................... 15
Section 2 – Company Analysis ......................................................................................................................................................... 16
FBL Financial Group, Inc. - Business Description ............................................................................................................................ 16
FBL Financial Group, Inc. - SWOT Analysis..................................................................................................................................... 17
SWOT Analysis - Overview........................................................................................................................................................... 17
FBL Financial Group, Inc. - Strengths ........................................................................................................................................... 17
Strength - Investment Portfolio .................................................................................................................................................. 17
Strength - Segmental Performance ........................................................................................................................................... 17
Strength - Extended Distribution Network ................................................................................................................................. 17
FBL Financial Group, Inc. - Weaknesses...................................................................................................................................... 17
Weakness - Decline in Profitability ............................................................................................................................................ 17
Weakness - Lack of Geographic Presence ............................................................................................................................... 18
FBL Financial Group, Inc. - Opportunities ..................................................................................................................................... 18
Opportunity - Growth Prospects for Insurance in Emerging Markets......................................................................................... 18
Opportunity - Favorable Phase for Life and Annuity Market ...................................................................................................... 18
Opportunity - Rising Demand for Auto Insurance ...................................................................................................................... 18
FBL Financial Group, Inc. - Threats .............................................................................................................................................. 18
Threat - Solvency II Regulations ............................................................................................................................................... 18
Threat - Lower Interest Rates .................................................................................................................................................... 19
FBL Financial Group, Inc. - Key Competitors ................................................................................................................................... 20
Section 3 – Company Financial Ratios ............................................................................................................................................. 21
Financial Ratios - Capital Market Ratios........................................................................................................................................... 21
Financial Ratios - Annual Ratios ...................................................................................................................................................... 21
Performance Chart ........................................................................................................................................................................... 23
Financial Performance...................................................................................................................................................................... 23
Financial Ratios - Interim Ratios....................................................................................................................................................... 24
Financial Ratios - Ratio Charts ......................................................................................................................................................... 25
Section 4 – Appendix ...................................................................................................................................