FFG

FBL Financial Group Special Committee Sends Letter to Shareholders Regarding Proposed Transaction With Farm Bureau Property & Casualty Insurance Company

Retrieved on: 
Tuesday, April 20, 2021

We believe that the ISS report ignores important facts regarding the Special Committee\xe2\x80\x99s process, FBL Financial Group\xe2\x80\x99s standalone prospects, weaker financial performance relative to industry peers and the compelling valuation offered by the transaction.

Key Points: 
  • We believe that the ISS report ignores important facts regarding the Special Committee\xe2\x80\x99s process, FBL Financial Group\xe2\x80\x99s standalone prospects, weaker financial performance relative to industry peers and the compelling valuation offered by the transaction.
  • We confidently urge shareholders to vote FOR the proposed transaction on the WHITE proxy card today.\nYour Vote is Important!
  • In addition, FBL Financial Group manages all aspects of two Farm Bureau affiliated property-casualty insurance companies for a management fee.
  • Headquartered in West Des Moines, Iowa, FBL Financial Group is traded on the New York Stock Exchange under the symbol FFG.

FBL Financial Group Receives Insurance Regulatory Clearance for Proposed Transaction with Farm Bureau Property & Casualty Insurance Company

Retrieved on: 
Thursday, April 15, 2021

Receipt of clearance from the Division is an important step in the process to closing the proposed transaction.\nFBL Financial Group has scheduled a Special Meeting of Shareholders to be held on April 29, 2021 to vote on the proposed transaction.

Key Points: 
  • Receipt of clearance from the Division is an important step in the process to closing the proposed transaction.\nFBL Financial Group has scheduled a Special Meeting of Shareholders to be held on April 29, 2021 to vote on the proposed transaction.
  • Operating under the consumer brand name Farm Bureau Financial Services, its affiliates offer a broad range of life insurance, annuity and investment products 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.
  • Headquartered in West Des Moines, Iowa, FBL Financial Group is traded on the New York Stock Exchange under the symbol FFG.

FBL Financial Group Files Investor Presentation

Retrieved on: 
Wednesday, April 7, 2021

FBL Financial Group, Inc. (NYSE: FFG) (FBL Financial Group or the Company) today filed a presentation regarding the previously announced transaction pursuant to which Farm Bureau Property & Casualty Insurance Company (FBPCIC) will acquire all of the outstanding shares of FBL Financial Group Class A and Class B common stock, excluding shares owned by FBPCIC and the Iowa Farm Bureau Federation, for $56.00 per share in cash.

Key Points: 
  • FBL Financial Group, Inc. (NYSE: FFG) (FBL Financial Group or the Company) today filed a presentation regarding the previously announced transaction pursuant to which Farm Bureau Property & Casualty Insurance Company (FBPCIC) will acquire all of the outstanding shares of FBL Financial Group Class A and Class B common stock, excluding shares owned by FBPCIC and the Iowa Farm Bureau Federation, for $56.00 per share in cash.
  • The presentation was filed with the SEC and can be accessed on the Investor Relations section of FBL Financial Groups website at https://www.fblfinancial.com/investor-relations or directly on the SECs website.
  • In addition, FBL Financial Group manages all aspects of two Farm Bureau affiliated property-casualty insurance companies for a management fee.
  • Additional information about these risks and uncertainties, as well as others that may cause actual results to differ materially from those projected, is contained in FBL Financial Groups filings with the SEC, including FBL Financial Groups Annual Report on Form 10-K and FBL Financial Groups quarterly reports on Form 10-Q.

FBL Financial Group Special Committee Sends Letter to Shareholders

Retrieved on: 
Thursday, April 1, 2021

FBL Financial Group, Inc. (NYSE: FFG) (FBL Financial Group or the Company) today sent a letter to shareholders urging them to vote FOR the previously announced definitive agreement under which Farm Bureau Property & Casualty Insurance Company will acquire all of the outstanding shares of FBL Financial Group Class A and Class B common stock, excluding shares owned by FBPCIC and the Iowa Farm Bureau Federation, for $56.00 per share in cash.

Key Points: 
  • FBL Financial Group, Inc. (NYSE: FFG) (FBL Financial Group or the Company) today sent a letter to shareholders urging them to vote FOR the previously announced definitive agreement under which Farm Bureau Property & Casualty Insurance Company will acquire all of the outstanding shares of FBL Financial Group Class A and Class B common stock, excluding shares owned by FBPCIC and the Iowa Farm Bureau Federation, for $56.00 per share in cash.
  • The full text of the letter from the Special Committee of the Board of Directors of FBL Financial Group is below:
    On April 29, 2021, FBL Financial Group will hold a Special Meeting of Shareholders to vote on the proposed sale of FBL Financial Group to Farm Bureau Property & Casualty Insurance Company (FBPCIC) for $56.00 per share in cash.
  • There is no doubt in our mind that $56.00 per share is a compelling offer for your FBL Financial Group shares.
  • The Special Committee evaluated the offer as compared to FBL Financial Groups standalone prospects based on managements projections for 2021 and beyond.

Minna Bank to Commence Operations in May 2021 as Japan’s First Digital Bank

Retrieved on: 
Thursday, March 25, 2021

A wholly owned subsidiary of Fukuoka Financial Group, Inc. (FFG, TOKYO:8354), Minna Bank represents FFGs digital growth strategy.

Key Points: 
  • A wholly owned subsidiary of Fukuoka Financial Group, Inc. (FFG, TOKYO:8354), Minna Bank represents FFGs digital growth strategy.
  • View the full release here: https://www.businesswire.com/news/home/20210325005038/en/
    Brand image of Minna Bank (Graphic: Business Wire)
    As Japans first Digital Bank, Minna Banks services are designed to cater to the needs and sensibilities of digital natives - a segment traditionally underserved by the financial services industry.
  • Minna Bank, Ltd. is Japans first digital bank which acquired a banking license on December 22, 2020.
  • FFG is actively pursuing a Digital Transformation (DX) strategy, and established Minna Bank, Japans first digital bank architected from the ground up.

FBL Financial Group Increases Quarterly Cash Dividend

Retrieved on: 
Wednesday, February 24, 2021

FBL Financial Group, Inc. (NYSE: FFG) today announces that its Board of Directors has declared a quarterly cash dividend of $0.52 per share, payable on March 31, 2021 to Class A and Class B common stockholders of record as of March 15, 2021.

Key Points: 
  • FBL Financial Group, Inc. (NYSE: FFG) today announces that its Board of Directors has declared a quarterly cash dividend of $0.52 per share, payable on March 31, 2021 to Class A and Class B common stockholders of record as of March 15, 2021.
  • FBL Financial Group is a holding company with the purpose to protect livelihoods and futures.
  • In addition, FBL Financial Group manages all aspects of two Farm Bureau affiliated property-casualty insurance companies for a management fee.
  • Headquartered in West Des Moines, Iowa, FBL Financial Group is traded on the New York Stock Exchange under the symbol FFG.

L3Harris Technologies Awarded Systems Integration Contract for US Navy Frigate Program

Retrieved on: 
Monday, February 8, 2021

L3Harris Technologies (NYSE:LHX) has been awarded a contract by Fincantieri Marinette Marine for the shipboard integration and production of major subsystems onboard the U.S. Navys guided-missile frigate FFG 62.

Key Points: 
  • L3Harris Technologies (NYSE:LHX) has been awarded a contract by Fincantieri Marinette Marine for the shipboard integration and production of major subsystems onboard the U.S. Navys guided-missile frigate FFG 62.
  • The value of the L3Harris program could exceed $300 million if all design, development, and production options are awarded.
  • View the full release here: https://www.businesswire.com/news/home/20210208005084/en/
    L3Harris is the largest member of the Fincantieri FFG team and will provide integrated systems that include the electric and propulsion systems, bridge and navigation systems, and aviation integration services.
  • (Photo: Business Wire)
    L3Harris is the largest member of the Fincantieri FFG team and will provide integrated systems that include the electric and propulsion systems, bridge and navigation systems, and aviation integration services.

FBL Financial Group Reports Fourth Quarter and Full Year 2020 Results

Retrieved on: 
Thursday, February 4, 2021

FBL Financial Group, Inc. (NYSE: FFG) today reported net income attributable to FBL Financial Group for the fourth quarter of 2020 of $27.8 million, or $1.14 per diluted common share, compared to net income of $34.7 million, or $1.40 per diluted common share, for the fourth quarter of 2019.

Key Points: 
  • FBL Financial Group, Inc. (NYSE: FFG) today reported net income attributable to FBL Financial Group for the fourth quarter of 2020 of $27.8 million, or $1.14 per diluted common share, compared to net income of $34.7 million, or $1.40 per diluted common share, for the fourth quarter of 2019.
  • Premiums collected(2) in the fourth quarter of 2020 totaled $136.8 million compared to $156.0 million in the fourth quarter of 2019.
  • In the fourth quarter of 2020, FBL Financial Group recognized net realized losses on investments of $3.4 million.
  • Further information on FBL Financial Group's financial results, including results by segment, may be found in FBL Financial Group's financial supplement, available on its website, www.fblfinancial.com .

FBL FINANCIAL GROUP (FFG) STOCKHOLDER ALERT: Kaskela Law LLC Announces Stockholder Investigation of FBL Financial Group, Inc. Following Agreement to Sell the Company

Retrieved on: 
Monday, February 1, 2021

PHILADELPHIA, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating FBL Financial Group, Inc. (NYSE: FFG) (FBL Financial Group or the Company) on behalf of the companys stockholders.

Key Points: 
  • PHILADELPHIA, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating FBL Financial Group, Inc. (NYSE: FFG) (FBL Financial Group or the Company) on behalf of the companys stockholders.
  • On January 11, 2021, FBL Financial Group announced that it had agreed to be acquired by Farm Bureau Property & Casualty Insurance Company (FBPCIC) at a price of $56.00 per share in cash.
  • Following the closing of the proposed transaction, shares of FBL Financial Groups stock will no longer be publicly traded.
  • FBL Financial Group stockholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.)

FBL Financial Group Schedules Fourth Quarter 2020 Earnings Release Date

Retrieved on: 
Tuesday, January 19, 2021

FBL Financial Group, Inc. (NYSE: FFG) will announce its fourth quarter 2020 earnings approximately 15 minutes after the close of the market on Thursday, February 4, 2021.

Key Points: 
  • FBL Financial Group, Inc. (NYSE: FFG) will announce its fourth quarter 2020 earnings approximately 15 minutes after the close of the market on Thursday, February 4, 2021.
  • The fourth quarter earnings release and financial supplement will be posted on the FBL Financial Group website ( www.fblfinancial.com ) at that time.
  • In light of the merger agreement by and among FBL Financial Group, Farm Bureau Property & Casualty Insurance Company and 5400 Merger Sub, Inc. announced on January 11, 2021, FBL Financial Group will not hold a conference call for its fourth quarter 2020 results.
  • In addition, FBL Financial Group manages all aspects of two Farm Bureau affiliated property-casualty insurance companies for a management fee.