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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Interest sensitive product charges $ 35,420 $ 31,135 $ 100,049 $ 94,935
Traditional life insurance premiums 47,792 46,982 147,429 147,361
Net investment income 105,856 101,478 291,208 316,012
Net realized capital gains (losses) 1,991 696 (8,657) 11,230
Change in allowance for credit losses on investments 1,903 0 (10,855) 0
Other-than-temporary impairment losses 0 (50) 0 (919)
Other income 4,883 4,417 14,647 12,501
Total revenues 197,845 184,658 533,821 581,120
Benefits and expenses:        
Interest sensitive product benefits 79,803 67,147 203,257 202,966
Traditional life insurance benefits 45,529 42,877 136,849 131,512
Policyholder dividends 1,733 2,441 5,879 7,539
Underwriting, acquisition and insurance expenses 38,131 39,197 111,044 114,334
Interest expense 1,212 1,213 3,638 3,637
Other expenses 7,878 5,764 22,524 18,649
Total benefits and expenses 174,286 158,639 483,191 478,637
Income before equity method investments, income taxes and noncontrolling interest 23,559 26,019 50,630 102,483
Income tax (2,883) (1,642) (5,887) (13,429)
Equity income (loss), net of related income taxes 277 799 (238) 2,423
Net income 20,953 25,176 44,505 91,477
Net (income) loss attributable to noncontrolling interest 21 (47) 165 (7)
Net income attributable to FBL Financial Group, Inc. $ 20,974 $ 25,129 $ 44,670 $ 91,470
Earnings per common share $ 0.85 $ 1.01 $ 1.81 $ 3.69
Earnings per common share - assuming dilution $ 0.85 $ 1.01 $ 1.81 $ 3.69