NYSE:FFG

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Adequate balance sheet average dividend payer.

Risks

  • FBL Financial Group is covered by less than 3 analysts.

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


Market Performance


7 Day Return

-1.4%

FFG

0.4%

US Insurance

-0.6%

US Market


1 Year Return

-25.6%

FFG

7.6%

US Insurance

0.6%

US Market

FFG underperformed the Insurance industry which returned 8.2% over the past year.

FFG underperformed the Market in United States of America which returned 1.1% over the past year.


Share holder returns

FFGIndustryMarket
7 Day-1.4%0.4%-0.6%
30 Day6.7%2.8%2.2%
90 Day-5.0%1.4%1.1%
1 Year-21.7%-25.6%10.3%7.6%2.9%0.6%
3 Year7.0%-7.2%46.6%35.3%44.6%35.2%
5 Year74.7%33.8%71.3%50.8%61.9%44.2%

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 month ago | Simply Wall St

Read This Before You Buy FBL Financial Group, Inc. (NYSE:FFG) Because Of Its P/E Ratio

Valuation

Is FBL Financial Group undervalued based on future cash flows and its price relative to the stock market?

5%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

FBL Financial Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).

FBL Financial Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

FBL Financial Group is good value based on earnings compared to the US Insurance industry average.

FBL Financial Group is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

FBL Financial Group is poor value based on expected growth next year.


Price Based on Value of Assets

FBL Financial Group is good value based on assets compared to the US Insurance industry average.


Next Steps

Future Growth

How is FBL Financial Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

7.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

FBL Financial Group's revenue is expected to grow by 1.4% yearly, however this is not considered high growth (20% yearly).

FBL Financial Group's earnings are expected to grow by 7.6% yearly, however this is not considered high growth (20% yearly).

FBL Financial Group's revenue growth is positive but not above the United States of America market average.

FBL Financial Group's earnings growth is positive but not above the United States of America market average.

FBL Financial Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if FBL Financial Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

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

6.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

FBL Financial Group's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.

FBL Financial Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.

FBL Financial Group's 1-year earnings growth is negative, it can't be compared to the US Insurance industry average.


Return on Equity

FBL Financial Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

FBL Financial Group used its assets less efficiently than the US Insurance industry average last year based on Return on Assets.


Return on Capital Employed

FBL Financial Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is FBL Financial Group's financial position?


Financial Position Analysis

FBL Financial Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

FBL Financial Group's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

FBL Financial Group's level of debt (6.9%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (8.1% vs 6.9% today).

Debt is well covered by operating cash flow (203.7%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 24.5x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 2.4x debt.


Next Steps

Dividend

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

5.70%

Current Dividend Yield


Dividend Yield and Payments Analysis

FBL Financial Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

FBL Financial Group's dividend is above the markets top 25% of dividend payers in United States of America (3.71%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.2x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of FBL Financial Group's salary, the management and board of directors tenure and is there insider trading?

6.7yrs

Average management tenure


CEO

Jim Brannen (57yo)

7.3yrs

Tenure

US$2,940,506

Compensation

Mr. James Patrick Brannen, also known as Jim, CPA, serves as the Chief Executive Officer of Farm Bureau Property & Casualty Insurance Company and served as its Chief Financial Officer. Mr. Brannen has been ...


CEO Compensation Analysis

Jim's remuneration is about average for companies of similar size in United States of America.

Jim's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

6.7yrs

Average Tenure

56yo

Average Age

The average tenure for the FBL Financial Group management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

5.4yrs

Average Tenure

60.5yo

Average Age

The tenure for the FBL Financial Group board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Jim Brannen (57yo)

    CEO & Director

    • Tenure: 7.3yrs
    • Compensation: US$2.94m
  • Craig Hill (63yo)

    Chairman of the Board

    • Tenure: 7.8yrs
    • Compensation: US$75.12k
  • Charlie Happel (57yo)

    Chief Investment Officer

    • Tenure: 10yrs
    • Compensation: US$1.36m
  • Don Seibel (56yo)

    CFO & Treasurer

    • Tenure: 7.1yrs
    • Compensation: US$1.27m
  • Kathleen Till Stange

    Vice President of Corporate & Investor Relations

    • Tenure: 0yrs
  • D. Stice (50yo)

    Chief Marketing Officer

    • Tenure: 6.3yrs
    • Compensation: US$1.03m
  • Nick Gerhart (43yo)

    Chief Administrative Officer

    • Tenure: 2.7yrs
  • Dan Pitcher (57yo)

    Chief Operating Officer of Property Casualty Companies

    • Tenure: 0yrs
    • Compensation: US$1.36m
  • Casey Decker (44yo)

    Chief Information Officer

    • Tenure: 3.3yrs
  • Tony Aldridge (56yo)

    Chief Accounting Officer

    • Tenure: 2.5yrs

Board Members

  • Jim Brannen (57yo)

    CEO & Director

    • Tenure: 7.3yrs
    • Compensation: US$2.94m
  • Roger Brooks (81yo)

    Director

    • Tenure: 10.3yrs
    • Compensation: US$99.50k
  • Craig Hill (63yo)

    Chairman of the Board

    • Tenure: 7.8yrs
    • Compensation: US$75.12k
  • Paul Larson (66yo)

    Vice Chairman & Lead Director

    • Tenure: 2.3yrs
    • Compensation: US$114.50k
  • Paul Juffer (58yo)

    Director

    • Tenure: 2.3yrs
    • Compensation: US$102.50k
  • Kevin Paap (58yo)

    Director

    • Tenure: 1.8yrs
    • Compensation: US$75.30k
  • Joe Heinrich (58yo)

    Director

    • Tenure: 6.3yrs
    • Compensation: US$54.00k
  • Scott VanderWal (55yo)

    Director

    • Tenure: 8.3yrs
    • Compensation: US$77.80k
  • Richard Felts (70yo)

    Director

    • Tenure: 4.5yrs
    • Compensation: US$83.30k
  • Jim Holte (65yo)

    Director

    • Tenure: 3.5yrs
    • Compensation: US$77.80k

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: 1944
  • Industry: Life and Health Insurance
  • Sector: Insurance
  • Market Cap: US$1.478b
  • Shares outstanding: 24.66m
  • Website: https://www.fblfinancial.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FFGNYSE (New York Stock Exchange)YesClass A Common StockUSUSDJul 1996

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 Analysis2019/09/20 23:35
End of Day Share Price2019/09/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.