Fast-Moving Stock: FBL Financial Group, Inc.’s (FFG)

On 26 August 2k19, shares of FBL Financial Group, Inc.’s (FFG) stock showed the gain of 0.68% in recent trading period with closing price of $54.63. The shares of FFG at the moment are trading at a volume of 0.03 million, which compares with its normal daily standard volume of 0.02 million shares. The stock has been behind -33.02% by $81.56 ever since it reached its 52-week low 1.54%.

FBL Financial Group, Inc. (FFG) recently stated net income attributable to FBL Financial Group for the 2nd quarter of 2k19 of $32.3M, or $1.30 per diluted ordinary share, contrast to $32.8M, or $1.31 per diluted ordinary share, for the 2nd quarter of 2k18. Adjusted operating income(1) totaled $31.7M, or $1.28 per ordinary share, for the 2nd quarter of 2k19, contrast to $31.9M, or $1.28 per ordinary share, for the 2nd quarter of 2k18. 2nd quarter 2k19 earnings per share reflects:

  • Mortality results better than predictable in the Life section
  • Lower amortization of acquisition costs in the Corporate and Other section Because of the positive impact of equity markets on separate account performance
  • The benefit of other investment-related income of $0.05 per share
  • Lower spread income in the Annuity section

Product Revenues Increase from 2k18:

 Premiums and product charges for the 2nd quarter of 2k19 increased to $83.5M contrast to $82.0M in the 2nd quarter of 2k18. Interest sensitive product charges increased 5 percent while traditional life insurance premiums reduced slightly during the quarter. Premiums collected(2) in the 2nd quarter of 2k19 totaled $152.2M contrast to $171.4M in the 2nd quarter of 2k18. Life insurance premiums collected increased two percent while annuity premiums collected reduced 25 percent, influenced by the low market interest rate environment.

Investment Income of $105M in 2nd quarter:

 Net investment income in the 2nd quarter of 2k19 totaled $104.9M, contrast to $104.0M in the 2nd quarter of 2k18. This increase reflects a raise in average invested assets, partially offset by lower investment yields. The annualized yield earned on average invested assets, with securities at amortized cost, including investments held as securities and indebtedness of related parties, was 5.00 percent for the six months ended June 30, 2k19 contrast to 5.18 percent for the six months ended June 30, 2k18. At June 30, 2k19, 98 percent of the fixed maturity securities in FBL Financial Group’s investment portfolio were investment grade debt securities.

Benefits and Expenses:

Benefits and expenses totaled $156.5M in the 2nd quarter of 2k19, contrast to $153.0M in the 2nd quarter of 2k18. Death benefits, net of reinsurance and reserves released, totaled $25.1M in the 2nd quarter of 2k19, contrast to $26.6M in the 2nd quarter of 2k18. By its nature, mortality experience can fluctuate from quarter to quarter.

Net Realized Gains in the 2nd quarter:

 In the 2nd quarter of 2k19, FBL Financial Group recognized net realized gains on investments of $0.4M. This is attributable to realized gains of $0.2M, realized losses of $0.3M and a gain from the increase in fair value of equity securities of $0.5M.

Stock Repurchases:

During the 2nd quarter of 2k19, FBL Financial Group did not repurchase any shares of its Class A or Class B ordinary stock. FBL Financial Group has $36.3M remaining under its current stock repurchase program.

Capital and Book Value:

As of June 30, 2k19, the book value per share of FBL Financial Group ordinary stock totaled $56.55, contrast to $47.78 at December 31, 2k18. Book value per share, not including accumulated other comprehensive income(3), totaled $44.27 at June 30, 2k19, contrast to $44.09 at December 31, 2k18. The June 30, 2k19 company action level risk based capital ratio of FBL Financial Group’s wholly owned subsidiary, Farm Bureau Life Insurance Company, was about 553 percent.

Looking at the (FFG) Technical analysis information over the past 50 days shows that its average stood at dropped -11.21%. This figure is worse than the company’s 20-day average which currently stands at up -6.34% from 200 Days Simple Moving Average.

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