FBL Financial Group Announces Results of Class B Tender Offer

FBL Financial Group Announces Results of Class B Tender Offer

WEST DES MOINES, Iowa--(BUSINESS WIRE)-- FBL Financial Group, Inc. (NYSE: FFG  ) today announced the results of its Class B tender offer, which expired on September 25, 2013. FBL will repurchase 1,023,948 shares of Class B common stock at a purchase price of $45.33 per share for a total cost of $46.4 million. In addition, 105,930 shares of Class B common stock will be converted to Class A common stock.

FBL Financial Group will fund this repurchase with cash at the holding company, following a $120 million dividend from Farm Bureau Life Insurance Company to FBL Financial Group, Inc.

Following this tender offer and conversion, FBL Financial Group will have 24,703,799 shares of Class A common stock and 11,413 shares of Class B common stock, for a total of 24,715,212 shares outstanding.

FBL Financial Group is a holding company whose purpose is to protect livelihoods and futures. Its primary operating subsidiary, Farm Bureau Life Insurance Company, underwrites and markets a broad range of life insurance and annuities to individuals and businesses, which are distributed by multiline exclusive Farm Bureau agents. In addition, FBL Financial Group manages all aspects of two Farm Bureau affiliated property-casualty insurance companies for a management fee. FBL Financial Group, headquartered in West Des Moines, Iowa, is traded on the New York Stock Exchange under the symbol FFG. For more information, please visit www.fblfinancial.com.



FBL Financial Group, Inc.
Kathleen Till Stange, 515-226-6780
Corp. & Investor Relations Vice President
Kathleen.TillStange@FBLFinancial.com

KEYWORDS:   United States  North America  Iowa

INDUSTRY KEYWORDS:

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2657927, ~/Articles/ArticleHandler.aspx, 8/21/2014 2:29:27 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...