The Historyįarmers and people who support farmers joined to form the Iowa Farm Bureau Federation in 1918. The deal will not have any direct impact on the FBL Financial subsidiaries that write the company’s life insurance and annuities, and it might not have much effect on operations, because Farm Bureau P&C and FBL Financial already operate out of the same headquarters offices in West Des Moines, Iowa.įarm Bureau P&C and FBL Financial’s life insurance company subsidiaries will still have to file quarterly and annual reports with state insurance regulators. The deal means that FBL Financial no longer will have to give investors quarterly or annual reports, and that the company’s executives no longer will have to explain to securities analysts why new accounting rules, combined with use of derivatives, sometimes lead to large swings in revenue and net earnings. Farm Bureau P&C has taken FBL Financial’s stock off the New York Stock Exchange.įarm Bureau Property & Casualty Insurance Company has completed the process of taking a sister company, FBL Financial Group Inc., private. It is paying $61 per share for all FBL Financial stock held by investors outside the Farm Bureau corporate family, according to a notice filed with the SEC.They both have had offices at the same address in West Des Moines, Iowa.Farm Bureau P&C and FBL are both creations of the Iowa Farm Bureau Federation.
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