FBL Financial Group, Inc., through its subsidiaries, sells individual life insurance and annuity products.
Undervalued established dividend payer.
Share Price & News
How has FBL Financial Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FFG has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: FFG underperformed the US Insurance industry which returned 9.3% over the past year.
Return vs Market: FFG underperformed the US Market which returned 10.2% over the past year.
Price Volatility Vs. Market
How volatile is FBL Financial Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StHow Does FBL Financial Group, Inc.'s (NYSE:FFG) Earnings Growth Stack Up Against Industry Performance?
1 month ago | Simply Wall StDo You Like FBL Financial Group, Inc. (NYSE:FFG) At This P/E Ratio?
1 month ago | Simply Wall StShould You Buy FBL Financial Group, Inc. (NYSE:FFG) For Its Dividend?
Is FBL Financial Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FFG ($51.38) is trading below our estimate of fair value ($81.47)
Significantly Below Fair Value: FFG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FFG is good value based on its PE Ratio (10.1x) compared to the Insurance industry average (12.4x).
PE vs Market: FFG is good value based on its PE Ratio (10.1x) compared to the US market (17.1x).
Price to Earnings Growth Ratio
PEG Ratio: FFG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: FFG is good value based on its PB Ratio (0.9x) compared to the US Insurance industry average (1.1x).
How is FBL Financial Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FFG's earnings are forecast to decline over the next 3 years (-3.9% per year).
Earnings vs Market: FFG's earnings are forecast to decline over the next 3 years (-3.9% per year).
High Growth Earnings: FFG's earnings are forecast to decline over the next 3 years.
Revenue vs Market: FFG's revenue is expected to decline over the next 3 years (-0.8% per year).
High Growth Revenue: FFG's revenue is forecast to decline over the next 3 years (-0.8% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if FFG's Return on Equity is forecast to be high in 3 years time
How has FBL Financial Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FFG has high quality earnings.
Growing Profit Margin: FFG's current net profit margins (16.3%) are higher than last year (13%).
Past Earnings Growth Analysis
Earnings Trend: FFG's earnings have grown by 3.7% per year over the past 5 years.
Accelerating Growth: FFG's earnings growth over the past year (34.8%) exceeds its 5-year average (3.7% per year).
Earnings vs Industry: FFG earnings growth over the past year (34.8%) underperformed the Insurance industry 34.8%.
Return on Equity
High ROE: FFG's Return on Equity (8.5%) is considered low.
Return on Assets
Return on Capital Employed
How is FBL Financial Group's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: FFG has a low level of unsold assets or inventory.
Debt Coverage by Assets: FFG's debt is covered by short term assets (assets are 2.7x debt).
Financial Institutions Analysis
Asset Level: FFG's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if FFG has a sufficient allowance for bad loans.
Low Risk Liabilities: FFG reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if FFG has an acceptable proportion of non-loan assets held.
Low Risk Deposits: FFG has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if FFG has an appropriate level of bad loans.
What is FBL Financial Group's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: FFG's dividend (6.66%) is higher than the bottom 25% of dividend payers in the US market (1.53%).
High Dividend: FFG's dividend (6.66%) is in the top 25% of dividend payers in the US market (3.96%)
Stability and Growth of Payments
Stable Dividend: FFG's dividend payments have been volatile in the past 10 years.
Growing Dividend: FFG's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (37.7%), FFG's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FFG's dividends in 3 years are forecast to be covered by earnings (75.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dan Pitcher (57yo)
Mr. Daniel David Pitcher, also known as Dan, serves as Chief Executive Officer and Director of FBL Financial Group, Inc. since January 01, 2020. He is Chief Operating Officer of Property Casualty Companies ...
CEO Compensation Analysis
Compensation vs Market: Dan's total compensation ($USD1.36M) is below average for companies of similar size in the US market ($USD3.92M).
Compensation vs Earnings: Dan's compensation has been consistent with company performance over the past year.
|CEO & Director||0.08yrs||US$1.36m||0.024% $285.4k|
|CFO & Treasurer||7.5yrs||US$1.27m||0.057% $694.5k|
|Chief Investment Officer||10.4yrs||US$1.36m||no data|
|Chief Marketing Officer||6.7yrs||US$1.03m||no data|
|Chief Accounting Officer||2.9yrs||no data||0.0020% $24.5k|
|Chief Information Officer||3.7yrs||no data||0.0014% $17.4k|
|Chief Administrative Officer||3.1yrs||no data||0.00085% $10.3k|
|Vice President of Corporate & Investor Relations||0yrs||no data||no data|
|General Counsel||1.9yrs||no data||0.0023% $27.7k|
|Chief Operating Officer of Life Companies||0.5yrs||no data||no data|
Experienced Management: FFG's management team is considered experienced (3.1 years average tenure).
|CEO & Director||0.08yrs||US$1.36m||0.024% $285.4k|
|Independent Director||10.8yrs||US$99.50k||0.012% $139.6k|
|Chairman of the Board||8.2yrs||US$75.12k||0.0040% $49.0k|
|Vice Chairman & Lead Director||2.8yrs||US$114.50k||0.026% $311.4k|
|Independent Director||2.8yrs||US$102.50k||no data|
Experienced Board: FFG's board of directors are considered experienced (5.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
FBL Financial Group, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: FBL Financial Group, Inc.
- Ticker: FFG
- Exchange: NYSE
- Founded: 1944
- Industry: Life and Health Insurance
- Sector: Insurance
- Market Cap: US$1.209b
- Shares outstanding: 24.67m
- Website: https://www.fblfinancial.com
Number of Employees
- FBL Financial Group, Inc.
- 5400 University Avenue
- West Des Moines
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FFG||NYSE (New York Stock Exchange)||Yes||Class A Common Stock||US||USD||Jul 1996|
FBL Financial Group, Inc., through its subsidiaries, sells individual life insurance and annuity products. The Annuity segment sells various traditional annuity products that primarily consist of fixed rate and indexed annuities, and supplementary contracts. The Life Insurance segment offers whole life, term life, and universal life policies. The company is also involved in the property-casualty business; and provision of investment advisory, marketing and distribution, and leasing services. FBL Financial Group, Inc. markets its products to Farm Bureau members, and other individuals and businesses through exclusive agents and agency managers principally under the consumer brand name of Farm Bureau Financial Services in the Midwestern and Western sections of the United States. The company was incorporated in 1944 and is headquartered in West Des Moines, Iowa.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/28 00:07|
|End of Day Share Price||2020/02/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.