American Farm Bureau Federation

Independent Proxy Advisory Firm Egan-Jones Joins Glass Lewis in Recommending that FBL Financial Group Shareholders Vote “FOR” Proposed Transaction with Farm Bureau Property & Casualty Insurance Company

Retrieved on: 
Tuesday, April 27, 2021
Consulting, Banking, Professional services, Finance, Des Moines metropolitan area, Geography of Iowa, Companies, American Farm Bureau Federation, FBL Financial Group, IOWA, FFG, FBL, West Des Moines, Iowa, Proxy statement, Des Moines, Iowa, ING Group

The consideration of $56.00 per share is a highly compelling offer, providing a significant cash premium as well as certain and immediate value for unaffiliated FBL Financial Group shareholders.

Key Points: 
  • The consideration of $56.00 per share is a highly compelling offer, providing a significant cash premium as well as certain and immediate value for unaffiliated FBL Financial Group shareholders.
  • 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.
  • This communication is not a substitute for the definitive proxy statement or any other document that FBL Financial Group may file with the SEC.

FBL Financial Group Completes Regulatory Approval Process for Proposed Transaction with Farm Bureau Property & Casualty Insurance Company

Retrieved on: 
Tuesday, April 27, 2021
Banking, Professional services, Finance, American Farm Bureau Federation, FBL Financial Group, Insurance, FFG

b'FBL Financial Group, Inc. (NYSE: FFG) (\xe2\x80\x9cFBL Financial Group\xe2\x80\x9d or \xe2\x80\x9cthe Company\xe2\x80\x9d) today announced that it has received the necessary approvals from the Financial Industry Regulatory Authority ("FINRA") in relation to its proposed transaction with Farm Bureau Property & Casualty Insurance Company (\xe2\x80\x9cFBPCIC\xe2\x80\x9d), and that the proposed transaction has now received all regulatory approvals required for closing.

Key Points: 
  • b'FBL Financial Group, Inc. (NYSE: FFG) (\xe2\x80\x9cFBL Financial Group\xe2\x80\x9d or \xe2\x80\x9cthe Company\xe2\x80\x9d) today announced that it has received the necessary approvals from the Financial Industry Regulatory Authority ("FINRA") in relation to its proposed transaction with Farm Bureau Property & Casualty Insurance Company (\xe2\x80\x9cFBPCIC\xe2\x80\x9d), and that the proposed transaction has now received all regulatory approvals required for closing.
  • FBL 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.

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
Finance, Consulting, Banking, Professional services, Insurance, American Farm Bureau Federation, FBL Financial Group, FFG, FBL, West Des Moines, Iowa, Geography of Iowa, IOWA, States of the United States

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.

Florida Farm Bureau Joins Leading Coalition on Climate Policy

Retrieved on: 
Wednesday, April 21, 2021
American Farm Bureau Federation, Climate change denial, Delaware, Lackawanna and Western Railroad, Saline County, Missouri, United States Department of Agriculture, Agriculture, Florida Department of Agriculture and Consumer Services, Farmer, State government in the United States

FACA has already developed over 40 policy recommendations spanning soil health, livestock and dairy, forests and wood products, energy, research and food loss and waste.\n"The diligent and innovative work of this coalition places the strong conservation record of our farmers and ranchers in the spotlight," stated Florida Farm Bureau President John L. Hoblick.

Key Points: 
  • FACA has already developed over 40 policy recommendations spanning soil health, livestock and dairy, forests and wood products, energy, research and food loss and waste.\n"The diligent and innovative work of this coalition places the strong conservation record of our farmers and ranchers in the spotlight," stated Florida Farm Bureau President John L. Hoblick.
  • "\nIn February 2020, the Food and Agriculture Climate Alliance was formed with American Farm Bureau and The Nature Conservancy among its founding members.
  • At the time of this release, over 70 organizations comprise FACA.\nFlorida Farm Bureau\'s own history with advancing environmental stewardship runs deep.
  • Since 2001, Florida Farm Bureau has been an active participant in the Suwannee River Partnership, which helped create Florida Farm Bureau\'s CARES program, recognizing farmers and ranchers around the state for their exemplary efforts in protecting our natural resources.\nIn addition, Florida Farm Bureau partners with the Florida Department of Agriculture and Consumer Services to annually present the Agricultural Environmental Leadership Award to recognize farmers for their outstanding conservation practices.\nFlorida Farm Bureau Federation, the state\'s largest general agricultural organization, represents more than 136,000 member-families.

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

Retrieved on: 
Thursday, April 15, 2021
Finance, Public relations, Investor relations, Communications, Professional services, Insurance, American Farm Bureau Federation, Climate change denial, Delaware, Lackawanna and Western Railroad, Saline County, Missouri, United States Department of Agriculture, FBL Financial Group, West Des Moines, Iowa, FFG, Financial services, Insurance, FBL, Geography of Iowa

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
Professional services, Insurance, Finance, American Farm Bureau Federation, FBL Financial Group, FFG, FBL, United States, Companies

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
Banking, Professional services, Insurance, Finance, American Farm Bureau Federation, Climate change denial, Delaware, Lackawanna and Western Railroad, Saline County, Missouri, United States Department of Agriculture, FBL Financial Group, Financial markets, FFG, Finance, FBL, Financial economics, Stock

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.

AM Best Revises Outlooks to Stable for Members of Farm Bureau of Idaho Group

Retrieved on: 
Wednesday, March 31, 2021
Professional services, Insurance, Finance, Credit rating agencies, AM Best, Tewksbury Township, New Jersey, American Farm Bureau Federation, Insurance, Finance, Service companies

AM Best has revised outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Farm Bureau Mutual Insurance Company of Idaho and its indirect subsidiary, Western Community Insurance Company, collectively referred to as Farm Bureau of Idaho Group (Farm Bureau of Idaho).

Key Points: 
  • AM Best has revised outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Farm Bureau Mutual Insurance Company of Idaho and its indirect subsidiary, Western Community Insurance Company, collectively referred to as Farm Bureau of Idaho Group (Farm Bureau of Idaho).
  • These Credit Ratings (ratings) reflect Farm Bureau of Idahos balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, neutral business profile and appropriate enterprise risk management (ERM).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Florida Young Farmers and Ranchers Take Home Top Awards for Harvest for All

Retrieved on: 
Tuesday, March 23, 2021
American Farm Bureau Federation, YF, Farmer, Agriculture, Arkansas Farm Bureau Federation

Now in its 19th year, Harvest for All is spearheaded by members of Farm Bureau's Young Farmers & Ranchers (YF&R), but Farm Bureau members of all ages from across the nation contribute to the effort.

Key Points: 
  • Now in its 19th year, Harvest for All is spearheaded by members of Farm Bureau's Young Farmers & Ranchers (YF&R), but Farm Bureau members of all ages from across the nation contribute to the effort.
  • Florida YF&R State Leadership Group President Ryan Armstrong praised the group for their efforts.
  • "Previous Florida Farm Bureau YF&R Leadership Groups have set a very high standard by winning 1st place awards each year for total donations in the nation.
  • Our current YF&R Leadership Group would like to thank all the farmers, ranchers, Farm Bureau members and volunteers that help make Florida's Harvest for All program the best in America," Armstrong added.

Capital Returns Management Files Definitive Proxy Statement and Issues Letter to FBL Financial Shareholders

Retrieved on: 
Thursday, March 18, 2021
Articles, Financial markets, Financial economics, Shareholders, American Farm Bureau Federation, FBL Financial Group, FBL, Proxy statement, Stock, Board of directors

The full text of the letter follows:

Key Points: 
  • The full text of the letter follows:
    Dear Fellow FBL Financial Group Shareholders,
    Capital Returns Management, LLC (together with its affiliates, Capital Returns) has been an investor in the insurance industry since 2003 and is one of the largest unaffiliated shareholders of FBL Financial Group, Inc. (FBL or the Company).
  • As described more fully in the enclosed proxy statement, we oppose the transaction because we believe:
    The Transaction Offers No Meaningful Premium to Shareholders.
  • Before FBPCIC first publicly indicated its interest in taking FBL private, FBL stock was trading at $37.25 per share.
  • We urge our fellow shareholders to send a message to the FBL Board of Directors by signing, dating, and returning the GOLD proxy card as soon as possible.