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FFG FBL Financial

FBL Financial Group, Inc. operates as holding company, which engages in the sale of individual life insurance and annuity products. It operates through the Annuity, and Life Insurance segments. The Annuity segment is consists of fixed rate and indexed annuities and supplementary contracts. The Life Insurance segment is the whole life, term life, and universal life policies which provides benefits upon the death of the insured and may allow the client to build cash value on a tax-deferred basis. The company was founded in1939 and is headquartered in West Des Moines, IA.

Company profile

Ticker
FFG
Exchange
CEO
Daniel David Pitcher
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
421411715

FFG stock data

(
)

Calendar

24 Feb 21
17 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 12.88M 12.88M 12.88M 12.88M 12.88M 12.88M
Cash burn (monthly) 716K 366.25K (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 2.55M 1.31M n/a n/a n/a n/a
Cash remaining 10.33M 11.58M n/a n/a n/a n/a
Runway (months of cash) 14.4 31.6 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Feb 21 Aldridge Anthony James Class A Common Stock Sale back to company Dispose D No No 56.02 75 4.2K 150
1 Feb 21 Aldridge Anthony James Class A Common Stock Option exercise Aquire M No No 0 75 0 225
1 Feb 21 Aldridge Anthony James Class A Common Stock Sale back to company Dispose D No No 56.02 55 3.08K 150
1 Feb 21 Aldridge Anthony James Class A Common Stock Option exercise Aquire M No No 0 55 0 205
1 Feb 21 Aldridge Anthony James Class A Common Stock Sale back to company Dispose D No No 56.02 52 2.91K 150
1 Feb 21 Aldridge Anthony James Class A Common Stock Option exercise Aquire M No No 0 52 0 202
1 Feb 21 Aldridge Anthony James Class A Common Stock Sale back to company Dispose D No No 56.02 52 2.91K 150
1 Feb 21 Aldridge Anthony James Class A Common Stock Option exercise Aquire M No No 0 52 0 202
1 Feb 21 Aldridge Anthony James Class A Common Stock Sale back to company Dispose D No No 56.02 54 3.03K 150
1 Feb 21 Aldridge Anthony James Class A Common Stock Option exercise Aquire M No No 0 54 0 204

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

27.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 102 101 +1.0%
Opened positions 15 22 -31.8%
Closed positions 14 10 +40.0%
Increased positions 33 14 +135.7%
Reduced positions 30 46 -34.8%
13F shares
Current Prev Q Change
Total value 557.03M 437.5M +27.3%
Total shares 6.75M 6.75M +0.0%
Total puts 0 0
Total calls 0 4.7K EXIT
Total put/call ratio
Largest owners
Shares Value Change
Dimensional Fund Advisors 1.93M $101.26M -2.3%
Vanguard 864.4K $45.39M +5.8%
BLK Blackrock 693.06K $36.39M +3.7%
AMP Ameriprise Financial 236.79K $12.43M +6.7%
STT State Street 228.21K $11.98M +1.0%
MNGPF Man 196.98K $10.34M +21.7%
NTRS Northern Trust 182.85K $9.6M -3.4%
Kite Lake Capital Management 171.95K $9.03M +45.5%
Norges Bank 155.4K $8.16M NEW
Geode Capital Management 143.23K $7.52M -0.0%
Largest transactions
Shares Bought/sold Change
Carlson Capital L P 106.58K -158.42K -59.8%
Norges Bank 155.4K +155.4K NEW
Millennium Management 32.02K -82.32K -72.0%
Capital Returns Management 0 -74.11K EXIT
BAM Brookfield Asset Management 59.76K +59.76K NEW
Kite Lake Capital Management 171.95K +53.78K +45.5%
Philadelphia Financial Management of San Francisco 51.54K +51.54K NEW
Dalton Greiner Hartman Maher & Co 95.14K -48.02K -33.5%
Vanguard 864.4K +47.46K +5.8%
Dimensional Fund Advisors 1.93M -44.6K -2.3%

Financial report summary

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Risks
  • Adverse financial market conditions may significantly affect our liquidity, access to capital and cost of capital.
  • Actual experience that differs from assumptions may require us to accelerate the amortization of deferred acquisition costs, which could adversely affect our results of operations or financial condition.
  • As a holding company, we depend on our subsidiaries for funds to meet our obligations, but our life insurance subsidiaries’ ability to make distributions to us is limited by law, and could be affected by minimum risk-based capital requirements.
  • A significant ratings downgrade may have a material adverse effect on our business.
  • Success of our business depends in part on effective information technology systems and on continuing to develop and implement improvements.
  • Our ability to maintain competitive costs is dependent upon the level of new sales and persistency of existing business.
  • If we are unable to attract and retain agents, sales of our products and services may be reduced.
  • Attracting and retaining employees who are key to our business is critical to our growth and success.
  • Our business is highly dependent on our relationships with Farm Bureau organizations and could be adversely affected if those relationships became impaired.
  • Our relationship with Farm Bureau organizations could result in conflicts of interests.
Management Discussion
  • (1)Amount represents a change in our deferred tax assets and liabilities due to the initial impact of the enactment of the Tax Cuts and Jobs Act of 2017 (Tax Act). See Note 5 to our consolidated financial statements included in Item 8 for additional information.
  • (2)Amount represents the transaction expenses relating to FBL Financial Group's proposed merger transaction.
  • (3)Amounts are net of adjustments, as applicable, to amortization of unearned revenue reserves and deferred acquisition costs, as well as changes in interest sensitive product reserves and income taxes attributable to these items.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
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