For more than 75 years, we’ve helped people protect what matters most to them. Founded to meet the unique needs of farmers, as times have changed so have we, remaining true to our roots as a service-to-members organization insuring client/members from all walks of life: rural, urban and in-between. Through an exclusive agency force, the companies that make up Farm Bureau Financial Services market property-casualty, life insurance and annuity products in 14 Western and Midwestern states. Nearly 4,000 field associates backed by 1,700 employees. Most people know us as Farm Bureau Financial Services but employees work for FBL Financial Group, Inc., a holding company whose purpose is to Protect Livelihoods and Futures. Farm Bureau Life Insurance Company is the primary operating subsidiary of FBL Financial Group. FBL also manages all aspects of two property-casualty companies including Farm Bureau Property and Casualty Insurance Company and Western Agricultural Insurance Company. Employees enjoy unique rewards including:

  • Dynamic corporate culture focused on a commitment to ethics and excellence
  • Competitive benefits through a flexible cafeteria plan – you choose what fits your needs
  • Emphasis on a healthy work-life balance
  • Opportunities for professional development and advancement

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West Des Moines, US
Size (employees)
1,644 (est)
FBL Financial Group is headquartered in West Des Moines, US
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FBL Financial Group Office Locations

FBL Financial Group has offices in Salt Lake City, Scottsdale, Sandy, Eagan and in 19 other locations
West Des Moines, US (HQ)
5400 University Ave
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FBL Financial Group Financials and Metrics

FBL Financial Group Financials

FBL Financial Group's revenue was reported to be $735.48 m in FY, 2017

Revenue (FY, 2017)

735.5 m

Market capitalization (20-Apr-2018)

1.9 b

Cash (31-Dec-2017)

52.7 m
FBL Financial Group's current market capitalization is $1.9 b.
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017


606.3 m618.3 m655.5 m691.2 m692.9 m722.8 m726.4 m735.5 m

Revenue growth, %


Operating expense total

593.2 m


150.3 m139.4 m134.8 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017


173.5 m168.5 m175.8 m173.4 m177.9 m186.7 m175.5 m179.7 m181.3 m181.3 m181.9 m189 m

Operating expense total

136.4 m137 m137.4 m133.7 m145.8 m142.6 m140.1 m145.3 m149 m141.3 m148 m145.7 m

Interest expense

1.8 m1.2 m1.1 m1.2 m1.2 m1.2 m1.2 m1.2 m1.2 m1.2 m1.2 m1.2 m

Income tax expense

12 m10.2 m12.3 m12.5 m10.4 m14.2 m(11.5 m)(11.1 m)(10.5 m)(13.1 m)(10.7 m)(13.9 m)
usdY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016FY, 2017


11.7 m4.8 m296.3 m78.1 m6.4 m76.6 m29.5 m33.6 m52.7 m

Accounts Receivable


2 m1.5 m

Total Assets

8.5 b9.1 b9.1 b9.6 b10.1 b
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017


6.1 m32.2 m31.7 m43.2 m44.3 m52 m32.6 m23.4 m125.5 m65.4 m16.8 m43.8 m


4.1 m4.1 m4.1 m4.1 m3.6 m3.4 m3.4 m2 m2 m2 m2 m1.5 m

Total Assets

8.4 b8.7 b8.9 b8.9 b9.2 b9.1 b9.1 b9.2 b9.6 b9.7 b9.7 b9.8 b

Total Liabilities

7.4 b7.6 b7.7 b7.7 b8 b7.9 b7.9 b8.1 b8.3 b8.4 b8.5 b8.6 b
usdFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

108.4 m109.9 m113.5 m107.2 m194.4 m


Accounts Payable

Cash From Operating Activities

182.3 m208.8 m224.9 m239.8 m241.7 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

81.5 m22.9 m51.6 m81.7 m23.6 m55.9 m82.6 m25.9 m50.3 m80.3 m26.4 m58.8 m

Cash From Operating Activities

128.3 m30.5 m85 m146.4 m45.8 m89 m143.4 m47.4 m117.1 m171.1 m54.8 m120.8 m

Cash From Investing Activities

(237.1 m)(61.2 m)(149.1 m)(227.4 m)(88.8 m)(171.5 m)(267.4 m)(12 m)(78.6 m)(214.4 m)(52.2 m)(75.7 m)

Long-term Borrowings

50 m(15 m)(15 m)(15 m)
USDY, 2017


447.4 k

Financial Leverage

7.2 x
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FBL Financial Group Operating Metrics

FY, 2014FY, 2015FY, 2016

In-Force Policies (Life Insurance)

424.54 k427.69 k428.74 k

Number of Contracts (Annuity Segment)

52.94 k53.32 k53.68 k
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