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Press Release: FBL Financial Group Reports Fourth -3-

· 02/04/2021 16:15
CONTACT: Investor Relations ContactFBL Financial Group, Inc. Condensed Consolidated Balance Sheets (Unaudited) (Dollars in thousands) December 31, December 31, 2020 2019 --------------- ----------------- Assets Investments $ 9,684,010 $ 9,091,623 Cash and cash equivalents 12,882 17,277 Deferred acquisition costs 176,085 289,456 Other assets 449,113 435,969 Assets held in separate accounts 674,182 645,881 --------------- --------------- Total assets $ 10,996,272 $ 10,480,206 =========== =========== Liabilities and stockholders' equity Liabilities Future policy benefits $ 7,616,272 $ 7,393,549 Other policy funds, claims and benefits 602,989 597,256 Debt 97,000 97,000 Other liabilities 313,713 260,604 Liabilities related to separate accounts 674,182 645,881 --------------- --------------- Total liabilities 9,304,156 8,994,290 Stockholders' equity FBL Financial Group, Inc. stockholders' equity: Preferred stock 3,000 3,000 Class A common stock 151,061 152,661 Class B common stock 72 72 Accumulated other comprehensive income 587,279 354,764 Retained earnings 950,687 975,260 --------------- --------------- Total FBL Financial Group, Inc. stockholders' equity 1,692,099 1,485,757 Noncontrolling interest 17 159 --------------- --------------- Total stockholders' equity 1,692,116 1,485,916 --------------- --------------- Total liabilities and stockholders' equity $ 10,996,272 $ 10,480,206 =========== =========== Common shares outstanding 24,395,522 24,664,215 =============== ===============

Book value per share excluding accumulated other comprehensive income is a non-GAAP financial measure. Accumulated other comprehensive income totaled $587.3 million at December 31, 2020 and $354.8 million at December 31, 2019. Since accumulated other comprehensive income fluctuates from quarter to quarter due to unrealized changes in the fair value of investments caused principally by changes in market interest rates, FBL Financial Group believes this non-GAAP financial measure provides useful supplemental information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210204005929/en/

Kathleen Till Stange, Vice President Corporate & Investor Relations

(515) 226-6780, Kathleen.TillStange@FBLFinancial.com

(END) Dow Jones Newswires

February 04, 2021 16:15 ET (21:15 GMT)