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Segment Information (Tables)
 12 Months Ended
Dec. 31, 2016
Segment Information [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
Reconciliation Between Net Income and Operating Income
 
 
 
 
 
 
 
 
 
Year ended December 31,
 
2016
 
2015
 
2014
 
(Dollars in thousands)
Net income attributable to FBL Financial Group, Inc.
$
107,223

 
$
113,527

 
$
109,941

Operating income adjustments:
 
 
 
 
 
Realized gains/losses on investments (1)
713

 
(8,498
)
 
(1,786
)
Change in net unrealized gains/losses on derivatives (1)
(1,485
)
 
(141
)
 
(1,114
)
Operating income
$
106,451

 
$
104,888

 
$
107,041


Financial Information Concerning our Operating Segments
 
 
 
 
 
 
 
 
 
Year ended December 31,
 
2016
 
2015
 
2014
 
(Dollars in thousands)
Pre-tax operating income:
 
 
 
 
 
Annuity
$
66,025

 
$
69,950

 
$
65,056

Life Insurance
55,977

 
53,146

 
51,521

Corporate and Other
14,548

 
11,668

 
22,865

Total pre-tax operating income
136,550

 
134,764

 
139,442

Income taxes on operating income
(30,099
)
 
(29,876
)
 
(32,401
)
Operating income
$
106,451

 
$
104,888

 
$
107,041

 
 
 
 
 
 
Operating revenues:
 
 
 
 
 
Annuity
$
214,486

 
$
212,420

 
$
203,477

Life Insurance
414,446

 
408,966

 
390,609

Corporate and Other
92,703

 
93,632

 
93,646

 
721,635

 
715,018

 
687,732

Net realized gains (losses) on investments (1)
(1,771
)
 
10,482

 
2,937

Change in net unrealized gains/losses on derivatives (1)
6,550

 
(2,691
)
 
2,270

Consolidated revenues
$
726,414

 
$
722,809

 
$
692,939

 
 
 
 
 
 
Net investment income:
 
 
 
 
 
Annuity
$
210,679

 
$
209,896

 
$
201,550

Life Insurance
154,427

 
152,730

 
146,349

Corporate and Other
32,514

 
31,214

 
31,913

 
397,620

 
393,840

 
379,812

Change in net unrealized gains/losses on derivatives (1)
6,550

 
(2,691
)
 
2,270

Consolidated net investment income
$
404,170

 
$
391,149

 
$
382,082

 
 
 
 
 
 
Depreciation and amortization:
 
 
 
 
 
Annuity
$
8,253

 
$
4,548

 
$
5,709

Life Insurance
15,117

 
18,831

 
20,027

Corporate and Other
5,178

 
8,546

 
2,895

 
28,548

 
31,925

 
28,631

Net realized gains (losses) on investments (1)
(673
)
 
225

 
189

Change in net unrealized gains/losses on derivatives (1)
562

 
(332
)
 
125

Consolidated depreciation and amortization
$
28,437

 
$
31,818

 
$
28,945

 
Operating Segment Assets
 
 
 
 
 
 
 
 
December 31,
 
2016
 
2015
 
(Dollars in thousands)
Assets:
 
 
 
Annuity
$
4,452,878

 
$
4,209,627

Life Insurance
3,256,306

 
3,112,756

Corporate and Other
1,615,411

 
1,623,874

 
9,324,595

 
8,946,257

Unrealized gains in accumulated other comprehensive income (2)
241,539

 
185,747

Consolidated assets
$
9,566,134

 
$
9,132,004


(1)
Amounts are net of adjustments, as applicable, to amortization of unearned revenue reserves, deferred sales inducements, deferred acquisition costs and value of insurance in force acquired, as well as changes in interest sensitive product reserves and income taxes attributable to these items.
(2)
Amounts are net adjustments for assumed changes in deferred acquisition costs and value of insurance in force acquired and deferred income taxes attributable to these items.

Depreciation and amortization related to property and equipment are allocated to the product segments while the related property, equipment and capitalized software are allocated to the Corporate and Other segment. Depreciation and amortization for the Corporate and Other segment include $4.4 million for 2016, $4.1 million for 2015 and $3.1 million for 2014 relating to leases with affiliates. In the consolidated statements of operations, we record these depreciation amounts net of related lease income from affiliates.

Our investment in equity method investees, the related equity income and interest expense are attributable to the Corporate and Other segment. Expenditures for long-lived assets were not significant during the periods presented above. Goodwill at December 31, 2016 and 2015 was allocated among the segments as follows: Annuity ($3.9 million) and Life Insurance ($6.1 million).
Reconciliation of non-GAAP measures [table text block] [Table Text Block]
Premiums collected, which is not a measure used in financial statements prepared according to GAAP, include premiums received on life insurance policies and deposits on annuities and universal life-type products. Premiums collected is a common life insurance industry measure of agent productivity. Net premiums collected totaled $689.7 million in 2016, $683.1 million in 2015 and $646.6 million in 2014.

Under GAAP, premiums on whole life and term life policies are recognized as revenues over the premium-paying period and reported in the Life Insurance segment. The following chart provides a reconciliation of life insurance premiums collected to those reported in the GAAP financial statements.
 
Reconciliation of Traditional Life Insurance Premiums, Net of Reinsurance
 
 
 
 
 
 
 
 
 
 
 
Year ended December 31,
 
2016
 
2015
 
2014
 
(Dollars in thousands)
Traditional and universal life insurance premiums collected
$
281,551

 
$
281,003

 
$
282,098

Premiums collected on interest sensitive products
(85,622
)
 
(90,895
)
 
(98,796
)
Traditional life insurance premiums collected
195,929

 
190,108

 
183,302

Change in due premiums and other
985

 
848

 
(2
)
Traditional life insurance premiums as included in the Consolidated Statements of Operations.
$
196,914

 
$
190,956

 
$
183,300

 
There is no comparable GAAP financial measure for premiums collected on annuities and universal life-type products. GAAP revenues for those interest sensitive and variable products consist of various policy charges and fees assessed on those contracts, as summarized in the chart below.

Interest Sensitive Product Charges by Segment
 
 
 
 
 
 
 
 
 
Year ended December 31,
 
2016
 
2015
 
2014
 
(Dollars in thousands)
Annuity
 
 
 
 
 
Surrender charges and other
$
3,803

 
$
2,524

 
$
1,927

 
 
 
 
 
 
Life Insurance
 
 
 
 
 
Administration charges
$
14,170

 
$
14,342

 
$
13,783

Cost of insurance charges
48,111

 
46,911

 
45,273

Surrender charges
1,181

 
919

 
737

Amortization of policy initiation fees
(24
)
 
3,371

 
1,504

Total
$
63,438

 
$
65,543

 
$
61,297

 
 
 
 
 
 
Corporate and Other
 
 
 
 
 
Administration charges
$
5,547

 
$
5,809

 
$
6,212

Cost of insurance charges
29,805

 
29,760

 
29,569

Surrender charges
213

 
346

 
479

Separate account charges
7,957

 
8,854

 
9,157

Amortization of policy initiation fees
1,165

 
1,748

 
1,129

Total
$
44,687

 
$
46,517

 
$
46,546

 
 
 
 
 
 
Consolidated interest sensitive product charges as included in the Statements of Operations
$
111,928

 
$
114,584

 
$
109,770
Concentration Risk Disclosure [Text Block]
Premium Concentration by State
 
 
 
 
 
 
 
 
 
 
 
 
Year ended December 31,
 
2016
 
2015
 
2014
Life and annuity collected premiums:
 
 
 
 
 
Iowa
25.1
%
 
26.2
%
 
25.7
%
Kansas
19.1

 
18.6

 
20.8

Oklahoma
8.0

 
8.9

 
8.2