Statutory Insurance Information (Tables)

12 Months Ended

Dec. 31, 2019

Statutory Insurance Information [Abstract]

Statutory Accounting Practices Disclosure [Table Text Block]



Statutory Information of our Insurance Subsidiaries

	Year ended December 31,
	2019		2018			2017
	(Dollars in thousands)
Farm Bureau Life:
Net gain from operations (excludes impact of realized gains and losses on investments)	$	98,529	$	100,819		$	106,062
Net income	100,141		103,923			104,947
State prescribed practices that increased (decreased) statutory net income	577		(7,505		)	2,285
Greenfields:
Net gain (losses) from operations (excludes impact of realized gains and losses on investments)	146		(321		)	(192		)
Net income (loss)	146		(321		)	(192		)



Statutory Information of our Insurance Subsidiaries - Continued

	Farm Bureau Life						Greenfields
	December 31,						December 31,
	2019			2018			2019			2018
	(Dollars in thousands)
Total capital and surplus	$	642,409		$	637,205		$	8,814		$	8,677
Unassigned surplus (deficit)	508,926			503,722			(1,986		)	(2,123		)
State prescribed practices that increased (decreased) statutory surplus	(8,320		)	2,635			—			—
Risk-Based Capital measurements:
Total adjusted capital	718,175			704,541			8,826			8,688
Company action level capital	127,864			127,632			194			218
RBC Ratio	562		%	552		%	4,551		%	3,978		%

- Definition

Tabular disclosure of how the entity's reporting under GAAP as of the balance sheet date differs from the results based on prescribed and permitted accounting practices of the state or country of domicile in which a relevant statutory filing is made, or differences in results based on the National Association of Insurance Commissioners (NAIC) prescribed practices, or a combination thereof. Describes the accounting practices used and the related monetary effect on statutory surplus, net income, and risk-based capital. If an insurance enterprise's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact is disclosed in the financial statements. Permitted statutory accounting practices include practices not prescribed but allowed by the domiciliary state insurance department regulatory authority.

+ References + Details