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Market Cap

US$1.5b

Last Updated

2021/05/15 22:49 UTC

Data Sources

Company Financials +

Executive Summary

FBL Financial Group, Inc., through its subsidiaries, sells individual life insurance and annuity products. More Details


Snowflake Analysis

Good value with adequate balance sheet.


Similar Companies

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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: FFG's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

0.05%

FFG

-0.8%

US Insurance

-1.7%

US Market


1 Year Return

79.8%

FFG

63.0%

US Insurance

50.8%

US Market

Return vs Industry: FFG exceeded the US Insurance industry which returned 62.9% over the past year.

Return vs Market: FFG exceeded the US Market which returned 50.5% over the past year.


Shareholder returns

FFGIndustryMarket
7 Day0.05%-0.8%-1.7%
30 Day8.7%5.4%-1.2%
90 Day7.8%15.3%0.4%
1 Year87.7%79.8%67.2%63.0%53.3%50.8%
3 Year-7.7%-22.9%43.2%32.5%61.5%51.4%
5 Year31.7%0.1%86.7%63.5%125.9%100.7%

Long-Term 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

Valuation

Is FBL Financial Group undervalued compared to its fair value and its price relative to the market?

33.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FFG ($60.9) is trading below our estimate of fair value ($92.15)

Significantly Below Fair Value: FFG is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: FFG is poor value based on its PE Ratio (14.6x) compared to the US Insurance industry average (11.3x).

PE vs Market: FFG is good value based on its PE Ratio (14.6x) compared to the US market (19.9x).


Price to Earnings Growth Ratio

PEG Ratio: FFG is poor value based on its PEG Ratio (14.2x)


Price to Book Ratio

PB vs Industry: FFG is good value based on its PB Ratio (1x) compared to the US Insurance industry average (1.2x).


Future Growth

How is FBL Financial Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

1.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FFG's forecast earnings growth (1% per year) is below the savings rate (2%).

Earnings vs Market: FFG's earnings (1% per year) are forecast to grow slower than the US market (14.7% per year).

High Growth Earnings: FFG's earnings are forecast to grow, but not significantly.

Revenue vs Market: FFG's revenue is expected to decline over the next 3 years (-1.4% per year).

High Growth Revenue: FFG's revenue is forecast to decline over the next 3 years (-1.4% 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


Past Performance

How has FBL Financial Group performed over the past 5 years?

-6.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FFG has high quality earnings.

Growing Profit Margin: FFG's current net profit margins (13%) are higher than last year (12.7%).


Past Earnings Growth Analysis

Earnings Trend: FFG's earnings have declined by 6.4% per year over the past 5 years.

Accelerating Growth: FFG's earnings growth over the past year (14.6%) exceeds its 5-year average (-6.4% per year).

Earnings vs Industry: FFG earnings growth over the past year (14.6%) underperformed the Insurance industry 44.5%.


Return on Equity

High ROE: FFG's Return on Equity (6.9%) is considered low.


Financial Health

How is FBL Financial Group's financial position?


Financial Position Analysis

Short Term Liabilities: FFG's short term assets ($339.8M) do not cover its short term liabilities ($436.9M).

Long Term Liabilities: FFG's short term assets ($339.8M) do not cover its long term liabilities ($9.0B).


Debt to Equity History and Analysis

Debt Level: FFG's debt to equity ratio (5.7%) is considered satisfactory.

Reducing Debt: FFG's debt to equity ratio has reduced from 8.3% to 5.7% over the past 5 years.

Debt Coverage: FFG's debt is well covered by operating cash flow (280.2%).

Interest Coverage: FFG's interest payments on its debt are well covered by EBIT (22.9x coverage).


Balance Sheet


Dividend

What is FBL Financial Group current dividend yield, its reliability and sustainability?

3.42%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FFG's dividend (3.42%) is higher than the bottom 25% of dividend payers in the US market (1.25%).

High Dividend: FFG's dividend (3.42%) is low compared to the top 25% of dividend payers in the US market (3.42%).


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 (48.3%), FFG's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.3yrs

Average management tenure


CEO

Dan Pitcher (58 yo)

1.33yrs

Tenure

US$2,858,362

Compensation

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 served as Chief Operating Officer of Property Casualty Co...


CEO Compensation Analysis

Compensation vs Market: Dan's total compensation ($USD2.86M) is about average for companies of similar size in the US market ($USD3.78M).

Compensation vs Earnings: Dan's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: FFG's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: FFG's board of directors are considered experienced (5.1 years average tenure).


Ownership

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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

FBL Financial Group, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: FBL Financial Group, Inc.
  • Ticker: FFG
  • Exchange: NYSE
  • Founded: 1945
  • Industry: Life and Health Insurance
  • Sector: Insurance
  • Market Cap: US$1.486b
  • Shares outstanding: 24.40m
  • Website: https://www.fblfinancial.com

Number of Employees


Location

  • FBL Financial Group, Inc.
  • 5400 University Avenue
  • West Des Moines
  • Iowa
  • 50266-5997
  • United States

Listings


Biography

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 rat...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/15 22:49
End of Day Share Price2021/05/14 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.