FBL Financial Group
Market Cap
US$1.4b
Last Updated
2021/04/15 22:28 UTC
Data Sources
Company Financials +
Executive Summary
FBL Financial Group, Inc., through its subsidiaries, sells individual life insurance and annuity products. More Details
Rewards
Risk Analysis
Snowflake Analysis
Established dividend payer and good value.
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
0.09%
FFG
2.2%
US Insurance
1.6%
US Market
1 Year Return
50.6%
FFG
48.7%
US Insurance
57.5%
US Market
Return vs Industry: FFG exceeded the US Insurance industry which returned 48.7% over the past year.
Return vs Market: FFG underperformed the US Market which returned 57.5% over the past year.
Shareholder returns
| FFG | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.09% | 2.2% | 1.6% |
| 30 Day | -2.3% | 3.2% | 3.4% |
| 90 Day | -1.6% | 12.0% | 8.6% |
| 1 Year | 57.2%50.6% | 52.6%48.7% | 60.3%57.5% |
| 3 Year | -11.0%-25.7% | 32.8%22.8% | 62.6%51.9% |
| 5 Year | 22.0%-7.2% | 81.3%58.5% | 119.9%95.3% |
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
5 days ago | Simply Wall St
Investors Who Bought FBL Financial Group (NYSE:FFG) Shares A Year Ago Are Now Up 43%1 month ago | Simply Wall St
Do These 3 Checks Before Buying FBL Financial Group, Inc. (NYSE:FFG) For Its Upcoming Dividend4 months ago | Simply Wall St
Do These 3 Checks Before Buying FBL Financial Group, Inc. (NYSE:FFG) For Its Upcoming DividendValuation
Is FBL Financial Group undervalued compared to its fair value and its price relative to the market?
35.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FFG ($56.05) is trading below our estimate of fair value ($86.85)
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 (19.1x) compared to the US Insurance industry average (14.6x).
PE vs Market: FFG is good value based on its PE Ratio (19.1x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: FFG is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: FFG is good value based on its PB Ratio (0.8x) compared to the US Insurance industry average (1.1x).
Future Growth
How is FBL Financial Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
17.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FFG's forecast earnings growth (17.4% per year) is above the savings rate (2%).
Earnings vs Market: FFG's earnings (17.4% per year) are forecast to grow slower than the US market (18.4% per year).
High Growth Earnings: FFG's earnings are forecast to grow, but not significantly.
Revenue vs Market: FFG's revenue (2.2% per year) is forecast to grow slower than the US market (9.4% per year).
High Growth Revenue: FFG's revenue (2.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FFG's Return on Equity is forecast to be low in 3 years time (8%).
Past Performance
How has FBL Financial Group performed over the past 5 years?
-5.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FFG has high quality earnings.
Growing Profit Margin: FFG's current net profit margins (9.9%) are lower than last year (16.2%).
Past Earnings Growth Analysis
Earnings Trend: FFG's earnings have declined by 5.4% per year over the past 5 years.
Accelerating Growth: FFG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FFG had negative earnings growth (-42.4%) over the past year, making it difficult to compare to the Insurance industry average (-9.8%).
Return on Equity
High ROE: FFG's Return on Equity (4.3%) is considered low.
Financial Health
How is FBL Financial Group's financial position?
Financial Position Analysis
Short Term Liabilities: FFG's short term assets ($305.0M) do not cover its short term liabilities ($438.5M).
Long Term Liabilities: FFG's short term assets ($305.0M) do not cover its long term liabilities ($8.9B).
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 9.8% to 5.7% over the past 5 years.
Debt Coverage: FFG's debt is well covered by operating cash flow (236.2%).
Interest Coverage: FFG's interest payments on its debt are well covered by EBIT (16.3x coverage).
Balance Sheet
Dividend
What is FBL Financial Group current dividend yield, its reliability and sustainability?
3.71%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FFG's dividend (3.71%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: FFG's dividend (3.71%) is in the top 25% of dividend payers in the US market (3.48%)
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 reasonable payout ratio (68%), FFG's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FFG's dividends in 3 years are forecast to be covered by earnings (83.6% payout ratio).
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)
1.25yrs
Tenure
US$1,184,229
Compensation
Mr. Daniel David Pitcher, also known as Dan, serves as Chief Executive Officer and Director of FBL Financial Group, Inc. since January 01, 2020. He served as Chief Operating Officer of Property Casualty Co...
CEO Compensation Analysis
Compensation vs Market: Dan's total compensation ($USD1.18M) is below average for companies of similar size in the US market ($USD3.79M).
Compensation vs Earnings: Dan's compensation has been consistent with company performance over 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 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$1.383b
- 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/15 22:28 |
| End of Day Share Price | 2021/04/15 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.