FBL reports $26.9 million in fourth-quarter earnings
February 13, 2017 by News Briefs
FBL Financial Group Inc. on Thursday reported net income for the fourth quarter of $26.9 million, or $1.07 per diluted common share, compared with $30.9 million, or $1.23 per share, for the fourth quarter of 2015. Operating income, which excludes the impact of realized gains and losses on investments and the change in net unrealized gains and losses on derivatives, totaled $25.6 million, or $1.02 per common share, for the fourth quarter of 2016, compared with $26 million, or $1.04 per common share, for the fourth quarter of 2015. “Aside from greater than expected mortality, underlying results continue to be strong,” CEO Jim Brannen said in a release. “We recorded growth in many metrics for full year 2016 – premiums collected, total agent count, and a total return to shareholders of 30.3 percent.”