XML 91 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues:      
Interest sensitive product charges $ 101,410 $ 97,103 $ 93,881
Traditional life insurance premiums 175,086 168,519 162,056
Net investment income 361,324 343,310 324,540
Net realized capital gains on sales of investments 17,479 5,355 21,392
Total other-than-temporary impairment losses (26,399) (20,206) (30,637)
Non-credit portion in other comprehensive income/loss 9,372 6,555 20,821
Net impairment losses recognized in earnings (17,027) (13,651) (9,816)
Other income 17,268 17,701 14,289
Total revenues 655,540 618,337 606,342
Benefits and expenses:      
Interest sensitive product benefits 196,387 192,082 176,588
Traditional life insurance benefits 156,290 148,959 137,180
Policyholder dividends 14,275 17,030 17,571
Underwriting, acquisition and insurance expenses 141,906 128,184 128,567
Interest expense 7,952 8,532 9,566
Loss on debt redemption 33 33,176 0
Other expenses 20,513 20,652 19,782
Total benefits and expenses 537,356 548,615 489,254
Income from continuing operations before equity income, income taxes and noncontrolling interest 118,184 69,722 117,088
Income taxes (40,071) (18,797) (39,554)
Equity income, net of related income taxes 4,683 1,284 3,459
Net income from continuing operations 82,796 52,209 80,993
Discontinued operations:      
Loss on sale of subsidiary, net of tax benefit ($1,213 in 2012 and $29,198 in 2011) (2,252) (54,143) [1] 0 [1]
Income from discontinued operations, net of tax (687) 42,679 34,587
Total income (loss) from discontinued operations (2,939) (11,464) 34,587
Net income 79,857 40,745 [1] 115,580 [1]
Net loss (income) attributable to noncontrolling interest 83 (6) 78
Net income attributable to FBL Financial Group, Inc. $ 79,940 $ 40,739 $ 115,658
Earnings per common share:      
Income from continuing operations $ 3.01 $ 1.69 $ 2.66
Income (loss) from discontinued operations $ (0.11) $ (0.37) $ 1.14
Earnings per common share $ 2.90 $ 1.32 $ 3.80
Earnings per common share - assuming dilution:      
Income from continuing operations $ 2.97 $ 1.67 $ 2.63
Income (loss) from discontinued operations $ (0.10) $ (0.37) $ 1.13
Earnings per common share - assuming dilution $ 2.87 $ 1.30 $ 3.76
Cash dividends per common share $ 0.4000 $ 0.2875 $ 0.2500
[1] Our consolidated statements of cash flows combine the cash flows from discontinued operations with the cash flows from continuing operations within each major category (operating, investing and financing) of the statements and supplemental disclosures.