Defined Benefit Plan

6 Months Ended

Jun. 30, 2019

We participate with affiliates and an unaffiliated organization in defined benefit pension plans, including a multiemployer plan. Our share of net periodic pension cost for the plans is recorded as expense in our consolidated statements of operations.



Components of Net Periodic Pension Cost for FBL and Affiliates Combined - Multiemployer Plan
	Three months ended June 30,						Six months ended June 30,
	2019			2018			2019			2018
	(Dollars in thousands)
Service cost	$	1,137		$	1,493		$	2,274		$	2,986
Interest cost	3,319			3,410			6,637			6,821
Expected return on assets	(4,707		)	(5,562		)	(9,414		)	(11,124		)
Amortization of prior service cost	—			12			—			23
Amortization of actuarial loss	2,228			3,127			4,457			6,254
Net periodic pension cost	$	1,977		$	2,480		$	3,954		$	4,960

FBL Financial Group, Inc. share of net periodic pension costs	$	633		$	760		$	1,266		$	1,520



Components of Net Periodic Pension Cost for FBL and Affiliates Combined - Other Plans
	Three months ended June 30,				Six months ended June 30,
	2019		2018		2019		2018
	(Dollars in thousands)
Service cost	$	116	$	134	$	233	$	269
Interest cost	248		239		496		479
Amortization of actuarial loss	267		339		533		677
Net periodic pension cost	$	631	$	712	$	1,262	$	1,425

FBL Financial Group, Inc. share of net periodic pension costs	$	363	$	417	$	725	$	835