Toggle SGML Header (+)


Section 1: 10-Q (10-Q)

Document
false--12-31Q220190001012771935640001060210000.070.03550.04360.0040.018.0123.0145.04360.00150.00550.04010.02580.04360.00250.01050.0650.022.02860.004.01650.0109.0120.02860.0015.0040.0382.0185.02860.0025.01885000001500000885000001500000247074021141324648472114133900000610000055000000.010.017200000720000010000000100000005000000500000050000005000000 0001012771 2019-01-01 2019-06-30 0001012771 us-gaap:CommonClassAMember 2019-07-30 0001012771 us-gaap:CommonClassBMember 2019-07-30 0001012771 2019-06-30 0001012771 2018-12-31 0001012771 us-gaap:CommonClassAMember 2019-06-30 0001012771 us-gaap:CommonClassAMember 2018-12-31 0001012771 us-gaap:CommonClassBMember 2019-06-30 0001012771 us-gaap:CommonClassBMember 2018-12-31 0001012771 2019-04-01 2019-06-30 0001012771 2018-04-01 2018-06-30 0001012771 2018-01-01 2018-06-30 0001012771 us-gaap:CommonStockMember 2017-12-31 0001012771 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-06-30 0001012771 us-gaap:RetainedEarningsMember 2018-12-31 0001012771 us-gaap:NoncontrollingInterestMember 2019-06-30 0001012771 us-gaap:RetainedEarningsMember 2018-01-01 2018-06-30 0001012771 us-gaap:AccountingStandardsUpdate201601Member 2018-01-01 2018-06-30 0001012771 us-gaap:RetainedEarningsMember 2019-01-01 2019-06-30 0001012771 2017-12-31 0001012771 us-gaap:CommonStockMember 2018-01-01 2018-06-30 0001012771 us-gaap:AccountingStandardsUpdate201601Member us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-06-30 0001012771 us-gaap:AccountingStandardsUpdate201601Member us-gaap:RetainedEarningsMember 2018-01-01 2018-06-30 0001012771 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-06-30 0001012771 us-gaap:CommonStockMember 2019-01-01 2019-06-30 0001012771 us-gaap:RetainedEarningsMember 2018-06-30 0001012771 us-gaap:NoncontrollingInterestMember 2018-06-30 0001012771 2018-06-30 0001012771 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-06-30 0001012771 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0001012771 us-gaap:PreferredStockMember 2017-12-31 0001012771 us-gaap:NoncontrollingInterestMember 2018-01-01 2018-06-30 0001012771 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0001012771 us-gaap:PreferredStockMember 2018-06-30 0001012771 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-06-30 0001012771 us-gaap:AccountingStandardsUpdate201602Member 2019-01-01 2019-06-30 0001012771 us-gaap:CommonStockMember 2018-12-31 0001012771 us-gaap:AccountingStandardsUpdate201602Member us-gaap:RetainedEarningsMember 2019-01-01 2019-06-30 0001012771 us-gaap:NoncontrollingInterestMember 2019-01-01 2019-06-30 0001012771 us-gaap:CommonStockMember 2018-06-30 0001012771 us-gaap:CommonStockMember 2019-06-30 0001012771 us-gaap:PreferredStockMember 2019-06-30 0001012771 us-gaap:NoncontrollingInterestMember 2018-12-31 0001012771 us-gaap:AccountingStandardsUpdate201602Member us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-06-30 0001012771 us-gaap:PreferredStockMember 2018-12-31 0001012771 us-gaap:RetainedEarningsMember 2017-12-31 0001012771 us-gaap:RetainedEarningsMember 2019-06-30 0001012771 us-gaap:NoncontrollingInterestMember 2017-12-31 0001012771 us-gaap:CommonStockMember 2018-03-31 0001012771 us-gaap:RetainedEarningsMember 2019-04-01 2019-06-30 0001012771 us-gaap:RetainedEarningsMember 2018-04-01 2018-06-30 0001012771 us-gaap:NoncontrollingInterestMember 2019-04-01 2019-06-30 0001012771 us-gaap:NoncontrollingInterestMember 2018-04-01 2018-06-30 0001012771 us-gaap:CommonStockMember 2019-03-31 0001012771 us-gaap:NoncontrollingInterestMember 2018-03-31 0001012771 us-gaap:AccountingStandardsUpdate201601Member 2018-04-01 2018-06-30 0001012771 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-03-31 0001012771 us-gaap:CommonStockMember 2018-04-01 2018-06-30 0001012771 us-gaap:AccountingStandardsUpdate201601Member us-gaap:RetainedEarningsMember 2018-04-01 2018-06-30 0001012771 us-gaap:NoncontrollingInterestMember 2019-03-31 0001012771 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-04-01 2019-06-30 0001012771 us-gaap:PreferredStockMember 2019-03-31 0001012771 us-gaap:CommonStockMember 2019-04-01 2019-06-30 0001012771 us-gaap:PreferredStockMember 2018-03-31 0001012771 us-gaap:AccountingStandardsUpdate201601Member us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-04-01 2018-06-30 0001012771 us-gaap:RetainedEarningsMember 2018-03-31 0001012771 us-gaap:RetainedEarningsMember 2019-03-31 0001012771 2019-03-31 0001012771 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-03-31 0001012771 2018-03-31 0001012771 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-04-01 2018-06-30 0001012771 us-gaap:PreferredStockMember 2019-06-30 0001012771 us-gaap:PreferredStockMember 2018-12-31 0001012771 fbl:A61To70LoanToValueMember 2018-12-31 0001012771 fbl:A81To90LoanToValueMember 2019-06-30 0001012771 fbl:A71To80LoanToValueMember 2018-12-31 0001012771 fbl:A51To60LoanToValueMember 2019-06-30 0001012771 fbl:A51To60LoanToValueMember 2018-12-31 0001012771 fbl:A0To50LoanToValueMember 2019-06-30 0001012771 fbl:A0To50LoanToValueMember 2018-12-31 0001012771 fbl:A81To90LoanToValueMember 2018-12-31 0001012771 fbl:A71To80LoanToValueMember 2019-06-30 0001012771 fbl:A61To70LoanToValueMember 2019-06-30 0001012771 fbl:InvestmentcompaniesMember 2018-12-31 0001012771 fbl:OtherVIEinvestmentsMember 2019-06-30 0001012771 fbl:LowincomehousingtaxcreditsMember 2018-12-31 0001012771 fbl:OtherVIEinvestmentsMember 2018-12-31 0001012771 fbl:InvestmentcompaniesMember 2019-06-30 0001012771 fbl:RealestatelimitedpartnershipsMember 2018-12-31 0001012771 fbl:LowincomehousingtaxcreditsMember 2019-06-30 0001012771 fbl:RealestatelimitedpartnershipsMember 2019-06-30 0001012771 fbl:EmbeddedDerivativeFinancialInstrumentsInterestonlySecurityMember us-gaap:InvestmentIncomeMember 2018-01-01 2018-06-30 0001012771 fbl:EmbeddedDerivativeFinancialInstrumentsMODCOMember us-gaap:InvestmentIncomeMember 2019-01-01 2019-06-30 0001012771 fbl:EmbeddedDerivativeFinancialInstrumentsMODCOMember us-gaap:InvestmentIncomeMember 2018-04-01 2018-06-30 0001012771 fbl:EmbeddedDerivativeFinancialInstrumentsInterestonlySecurityMember us-gaap:InvestmentIncomeMember 2018-04-01 2018-06-30 0001012771 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember fbl:InsuranceSensitiveProductChargesMember 2019-01-01 2019-06-30 0001012771 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember fbl:InsuranceSensitiveProductChargesMember 2018-04-01 2018-06-30 0001012771 fbl:EmbeddedDerivativeFinancialInstrumentsInterestonlySecurityMember us-gaap:InvestmentIncomeMember 2019-04-01 2019-06-30 0001012771 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember fbl:InsuranceSensitiveProductChargesMember 2019-04-01 2019-06-30 0001012771 fbl:EmbeddedDerivativeFinancialInstrumentsMODCOMember us-gaap:InvestmentIncomeMember 2019-04-01 2019-06-30 0001012771 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember fbl:InsuranceSensitiveProductChargesMember 2018-01-01 2018-06-30 0001012771 us-gaap:StockOptionMember us-gaap:InvestmentIncomeMember 2019-04-01 2019-06-30 0001012771 us-gaap:StockOptionMember us-gaap:InvestmentIncomeMember 2019-01-01 2019-06-30 0001012771 fbl:EmbeddedDerivativeFinancialInstrumentsMODCOMember us-gaap:InvestmentIncomeMember 2018-01-01 2018-06-30 0001012771 fbl:EmbeddedDerivativeFinancialInstrumentsInterestonlySecurityMember us-gaap:InvestmentIncomeMember 2019-01-01 2019-06-30 0001012771 us-gaap:StockOptionMember us-gaap:InvestmentIncomeMember 2018-01-01 2018-06-30 0001012771 us-gaap:StockOptionMember us-gaap:InvestmentIncomeMember 2018-04-01 2018-06-30 0001012771 fbl:Yearoforigination2019Member 2019-06-30 0001012771 fbl:Yearoforigination2015Member 2019-06-30 0001012771 fbl:Yearoforigination2017Member 2018-12-31 0001012771 fbl:Yearoforigination2018Member 2019-06-30 0001012771 fbl:Yearoforigination2018Member 2018-12-31 0001012771 fbl:Yearoforigination2015Member 2018-12-31 0001012771 fbl:Yearoforigination2017Member 2019-06-30 0001012771 fbl:YearOfOriginationPriorMember 2019-06-30 0001012771 fbl:YearOfOriginationPriorMember 2018-12-31 0001012771 fbl:Yearoforigination2016Member 2018-12-31 0001012771 fbl:Yearoforigination2016Member 2019-06-30 0001012771 fbl:AccumulatednetunrealizedinvestmentgainANDOTTIMember 2018-12-31 0001012771 fbl:AccumulatednetunrealizedinvestmentgainANDOTTIMember 2019-06-30 0001012771 us-gaap:DebtSecuritiesMember 2018-12-31 0001012771 us-gaap:DebtSecuritiesMember 2019-06-30 0001012771 us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0001012771 us-gaap:USTreasuryAndGovernmentMember 2018-12-31 0001012771 us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0001012771 us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember 2018-12-31 0001012771 us-gaap:CommercialMortgageBackedSecuritiesMember 2018-12-31 0001012771 us-gaap:ResidentialMortgageBackedSecuritiesMember 2018-12-31 0001012771 us-gaap:EquitySecuritiesMember us-gaap:AvailableforsaleSecuritiesMember 2018-01-01 2018-06-30 0001012771 fbl:OtherCreditRelatedImpairmentsMember 2019-04-01 2019-06-30 0001012771 us-gaap:AccountingStandardsUpdate201601Member us-gaap:EquitySecuritiesMember us-gaap:AvailableforsaleSecuritiesMember 2018-01-01 2018-06-30 0001012771 fbl:OtherCreditRelatedImpairmentsMember 2018-04-01 2018-06-30 0001012771 us-gaap:CostmethodInvestmentsMember 2018-01-01 2018-06-30 0001012771 us-gaap:DebtSecuritiesMember us-gaap:AvailableforsaleSecuritiesMember 2018-04-01 2018-06-30 0001012771 us-gaap:DebtSecuritiesMember us-gaap:AvailableforsaleSecuritiesMember 2018-01-01 2018-06-30 0001012771 us-gaap:AccountingStandardsUpdate201601Member us-gaap:EquitySecuritiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-04-01 2019-06-30 0001012771 us-gaap:EquitySecuritiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-01-01 2019-06-30 0001012771 us-gaap:DebtSecuritiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-01-01 2019-06-30 0001012771 us-gaap:CostmethodInvestmentsMember 2019-01-01 2019-06-30 0001012771 us-gaap:DebtSecuritiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-04-01 2019-06-30 0001012771 us-gaap:AccountingStandardsUpdate201601Member us-gaap:EquitySecuritiesMember us-gaap:AvailableforsaleSecuritiesMember 2018-04-01 2018-06-30 0001012771 us-gaap:CostmethodInvestmentsMember 2019-04-01 2019-06-30 0001012771 fbl:OtherCreditRelatedImpairmentsMember 2019-01-01 2019-06-30 0001012771 us-gaap:EquitySecuritiesMember us-gaap:AvailableforsaleSecuritiesMember 2018-04-01 2018-06-30 0001012771 us-gaap:EquitySecuritiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-04-01 2019-06-30 0001012771 us-gaap:AccountingStandardsUpdate201601Member us-gaap:EquitySecuritiesMember us-gaap:AvailableforsaleSecuritiesMember 2019-01-01 2019-06-30 0001012771 fbl:OtherCreditRelatedImpairmentsMember 2018-01-01 2018-06-30 0001012771 us-gaap:CostmethodInvestmentsMember 2018-04-01 2018-06-30 0001012771 srt:OfficeBuildingMember 2019-06-30 0001012771 srt:IndustrialPropertyMember 2018-12-31 0001012771 srt:IndustrialPropertyMember 2019-06-30 0001012771 srt:RetailSiteMember 2018-12-31 0001012771 srt:RetailSiteMember 2019-06-30 0001012771 srt:OtherPropertyMember 2019-06-30 0001012771 srt:OtherPropertyMember 2018-12-31 0001012771 srt:OfficeBuildingMember 2018-12-31 0001012771 us-gaap:CorporateDebtSecuritiesMember 2019-06-30 0001012771 us-gaap:USTreasuryAndGovernmentMember 2019-06-30 0001012771 us-gaap:CommercialMortgageBackedSecuritiesMember 2019-06-30 0001012771 us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember 2019-06-30 0001012771 us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-06-30 0001012771 us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-06-30 0001012771 us-gaap:ReinsuranceRecoverableMember us-gaap:EmbeddedDerivativeFinancialInstrumentsMember 2018-12-31 0001012771 us-gaap:ContractHolderFundsMember us-gaap:EmbeddedDerivativeFinancialInstrumentsMember 2019-06-30 0001012771 us-gaap:OtherLiabilitiesMember us-gaap:EmbeddedDerivativeFinancialInstrumentsMember 2019-06-30 0001012771 us-gaap:ReinsuranceRecoverableMember us-gaap:EmbeddedDerivativeFinancialInstrumentsMember 2019-06-30 0001012771 us-gaap:ContractHolderFundsMember us-gaap:EmbeddedDerivativeFinancialInstrumentsMember 2018-12-31 0001012771 us-gaap:OtherLiabilitiesMember us-gaap:EmbeddedDerivativeFinancialInstrumentsMember 2018-12-31 0001012771 us-gaap:OtherInvestmentsMember us-gaap:StockOptionMember 2019-06-30 0001012771 us-gaap:OtherInvestmentsMember us-gaap:StockOptionMember 2018-12-31 0001012771 us-gaap:AvailableforsaleSecuritiesMember us-gaap:EmbeddedDerivativeFinancialInstrumentsMember 2018-12-31 0001012771 us-gaap:AvailableforsaleSecuritiesMember us-gaap:EmbeddedDerivativeFinancialInstrumentsMember 2019-06-30 0001012771 fbl:MountainMember 2018-12-31 0001012771 fbl:PacificMember 2018-12-31 0001012771 fbl:NewEnglandMember 2018-12-31 0001012771 fbl:NewEnglandMember 2019-06-30 0001012771 fbl:MiddleAtlanticMember 2019-06-30 0001012771 fbl:SouthAtlanticMember 2018-12-31 0001012771 fbl:EastSouthCentralMember 2018-12-31 0001012771 fbl:WestNorthCentralMember 2019-06-30 0001012771 fbl:MountainMember 2019-06-30 0001012771 fbl:WestSouthCentralMember 2019-06-30 0001012771 fbl:EastNorthCentralMember 2019-06-30 0001012771 fbl:EastSouthCentralMember 2019-06-30 0001012771 fbl:SouthAtlanticMember 2019-06-30 0001012771 fbl:WestNorthCentralMember 2018-12-31 0001012771 fbl:PacificMember 2019-06-30 0001012771 fbl:MiddleAtlanticMember 2018-12-31 0001012771 fbl:WestSouthCentralMember 2018-12-31 0001012771 fbl:EastNorthCentralMember 2018-12-31 0001012771 fbl:AffordableHousingTaxCreditInvestmentsMember 2018-04-01 2018-06-30 0001012771 fbl:AffordableHousingTaxCreditInvestmentsMember 2018-01-01 2018-06-30 0001012771 fbl:AffordableHousingTaxCreditInvestmentsMember 2019-01-01 2019-06-30 0001012771 fbl:AffordableHousingTaxCreditInvestmentsMember 2019-04-01 2019-06-30 0001012771 us-gaap:FairValueInputsLevel3Member fbl:IndexProductEmbeddedDerivativesMember us-gaap:FairValueMeasurementsRecurringMember 2018-01-01 2018-06-30 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2018-06-30 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2018-01-01 2018-06-30 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember 2018-01-01 2018-06-30 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NonredeemablePreferredStockMember 2018-06-30 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2018-01-01 2018-06-30 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2018-01-01 2018-06-30 0001012771 us-gaap:FairValueInputsLevel3Member fbl:IndexProductEmbeddedDerivativesMember us-gaap:FairValueMeasurementsRecurringMember 2018-06-30 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NonredeemablePreferredStockMember 2018-01-01 2018-06-30 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-01-01 2018-06-30 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2017-12-31 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember 2018-06-30 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2017-12-31 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2018-06-30 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NonredeemablePreferredStockMember 2017-12-31 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-06-30 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember 2017-12-31 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2017-12-31 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2018-06-30 0001012771 us-gaap:FairValueInputsLevel3Member fbl:IndexProductEmbeddedDerivativesMember us-gaap:FairValueMeasurementsRecurringMember 2017-12-31 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2017-12-31 0001012771 fbl:InternallyPricedMember us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:CollateralizedDebtObligationsMember 2019-06-30 0001012771 fbl:ThirdPartyVendorMember us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember 2019-06-30 0001012771 fbl:InternallyPricedMember us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2019-06-30 0001012771 fbl:InternallyPricedMember us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0001012771 fbl:InternallyPricedMember us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:NonredeemablePreferredStockMember 2019-06-30 0001012771 fbl:ThirdPartyVendorMember us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember 2019-06-30 0001012771 fbl:ThirdPartyVendorMember us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-06-30 0001012771 fbl:ThirdPartyVendorMember us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2019-06-30 0001012771 fbl:InternallyPricedMember us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember 2019-06-30 0001012771 fbl:ThirdPartyVendorMember us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2019-06-30 0001012771 fbl:InternallyPricedMember us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2019-06-30 0001012771 fbl:ThirdPartyVendorMember us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:CollateralizedDebtObligationsMember 2019-06-30 0001012771 fbl:ThirdPartyVendorMember us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0001012771 fbl:InternallyPricedMember us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001012771 fbl:ThirdPartyVendorMember us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:CollateralizedDebtObligationsMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001012771 fbl:ThirdPartyVendorMember us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2018-12-31 0001012771 fbl:InternallyPricedMember us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember 2018-12-31 0001012771 fbl:InternallyPricedMember us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0001012771 fbl:ThirdPartyVendorMember us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001012771 fbl:ThirdPartyVendorMember us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:CollateralizedDebtObligationsMember 2018-12-31 0001012771 fbl:InternallyPricedMember us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2018-12-31 0001012771 fbl:InternallyPricedMember us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:NonredeemablePreferredStockMember 2018-12-31 0001012771 fbl:AssetFairValueByTechniqueMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0001012771 us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0001012771 us-gaap:CorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel3Member fbl:IndexProductEmbeddedDerivativesMember us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0001012771 us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0001012771 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:PortionAtOtherThanFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel2Member us-gaap:PortionAtOtherThanFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001012771 us-gaap:PortionAtOtherThanFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel1Member us-gaap:PortionAtOtherThanFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NonredeemablePreferredStockMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001012771 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember 2018-12-31 0001012771 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:NonredeemablePreferredStockMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryAndGovernmentMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NonredeemablePreferredStockMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0001012771 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryAndGovernmentMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryAndGovernmentMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryAndGovernmentMember 2018-12-31 0001012771 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001012771 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommonStockMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NonredeemablePreferredStockMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommonStockMember 2018-12-31 0001012771 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember 2018-12-31 0001012771 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0001012771 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel3Member fbl:IndexProductEmbeddedDerivativesMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommonStockMember 2018-12-31 0001012771 fbl:IndexProductEmbeddedDerivativesMember us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001012771 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2018-12-31 0001012771 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0001012771 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommonStockMember 2018-12-31 0001012771 us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001012771 fbl:AssetFairValueByTechniqueMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001012771 us-gaap:CorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001012771 us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001012771 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2019-06-30 0001012771 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2019-06-30 0001012771 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryAndGovernmentMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryAndGovernmentMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommonStockMember 2019-06-30 0001012771 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember 2019-06-30 0001012771 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryAndGovernmentMember 2019-06-30 0001012771 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2019-06-30 0001012771 fbl:IndexProductEmbeddedDerivativesMember us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0001012771 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryAndGovernmentMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2019-06-30 0001012771 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:NonredeemablePreferredStockMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NonredeemablePreferredStockMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommonStockMember 2019-06-30 0001012771 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommonStockMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-06-30 0001012771 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NonredeemablePreferredStockMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NonredeemablePreferredStockMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommonStockMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2019-01-01 2019-06-30 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-01-01 2019-06-30 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-01-01 2019-06-30 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2019-01-01 2019-06-30 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NonredeemablePreferredStockMember 2019-01-01 2019-06-30 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember 2019-01-01 2019-06-30 0001012771 us-gaap:FairValueInputsLevel3Member fbl:IndexProductEmbeddedDerivativesMember us-gaap:FairValueMeasurementsRecurringMember 2019-01-01 2019-06-30 0001012771 us-gaap:CommonStockMember us-gaap:PrivateEquityFundsDomesticMember 2018-12-31 0001012771 us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember us-gaap:CommonStockMember us-gaap:PrivateEquityFundsDomesticMember 2018-12-31 0001012771 us-gaap:CommonStockMember us-gaap:PrivateEquityFundsDomesticMember 2019-06-30 0001012771 us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember us-gaap:CommonStockMember us-gaap:PrivateEquityFundsDomesticMember 2019-06-30 0001012771 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel3Member us-gaap:PortionAtOtherThanFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel1Member us-gaap:PortionAtOtherThanFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0001012771 us-gaap:PortionAtOtherThanFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0001012771 us-gaap:FairValueInputsLevel2Member us-gaap:PortionAtOtherThanFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0001012771 srt:MaximumMember us-gaap:FairValueInputsLevel3Member fbl:IndexProductEmbeddedDerivativesMember us-gaap:FairValueMeasurementsRecurringMember fbl:MeasurementInputRiskMarginMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2019-01-01 2019-06-30 0001012771 srt:MaximumMember us-gaap:FairValueInputsLevel3Member fbl:IndexProductEmbeddedDerivativesMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:MeasurementInputEntityCreditRiskMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2019-01-01 2019-06-30 0001012771 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member fbl:IndexProductEmbeddedDerivativesMember us-gaap:FairValueMeasurementsRecurringMember fbl:MeasurementInputRiskMarginMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2019-01-01 2019-06-30 0001012771 srt:MaximumMember us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MeasurementInputCreditSpreadMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2019-01-01 2019-06-30 0001012771 srt:MinimumMember us-gaap:FairValueInputsLevel3Member fbl:IndexProductEmbeddedDerivativesMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:MeasurementInputEntityCreditRiskMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2019-01-01 2019-06-30 0001012771 srt:MinimumMember us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MeasurementInputCreditSpreadMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2019-01-01 2019-06-30 0001012771 srt:WeightedAverageMember us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MeasurementInputCreditSpreadMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2019-01-01 2019-06-30 0001012771 srt:MaximumMember us-gaap:CorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MeasurementInputCreditSpreadMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2019-01-01 2019-06-30 0001012771 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member fbl:IndexProductEmbeddedDerivativesMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:MeasurementInputEntityCreditRiskMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2019-01-01 2019-06-30 0001012771 srt:MinimumMember us-gaap:FairValueInputsLevel3Member fbl:IndexProductEmbeddedDerivativesMember us-gaap:FairValueMeasurementsRecurringMember fbl:MeasurementInputRiskMarginMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2019-01-01 2019-06-30 0001012771 srt:MinimumMember us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MeasurementInputCreditSpreadMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2019-01-01 2019-06-30 0001012771 srt:MinimumMember us-gaap:CorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MeasurementInputCreditSpreadMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2019-01-01 2019-06-30 0001012771 srt:MaximumMember us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MeasurementInputCreditSpreadMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2019-01-01 2019-06-30 0001012771 srt:WeightedAverageMember us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MeasurementInputCreditSpreadMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2019-01-01 2019-06-30 0001012771 srt:WeightedAverageMember us-gaap:CorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MeasurementInputCreditSpreadMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2019-01-01 2019-06-30 0001012771 srt:MaximumMember us-gaap:FairValueInputsLevel3Member fbl:IndexProductEmbeddedDerivativesMember us-gaap:FairValueMeasurementsRecurringMember fbl:MeasurementInputRiskMarginMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2018-01-01 2018-12-31 0001012771 srt:MinimumMember us-gaap:FairValueInputsLevel3Member fbl:IndexProductEmbeddedDerivativesMember us-gaap:FairValueMeasurementsRecurringMember fbl:MeasurementInputRiskMarginMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2018-01-01 2018-12-31 0001012771 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member fbl:IndexProductEmbeddedDerivativesMember us-gaap:FairValueMeasurementsRecurringMember fbl:MeasurementInputRiskMarginMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2018-01-01 2018-12-31 0001012771 srt:MaximumMember us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MeasurementInputCreditSpreadMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2018-01-01 2018-12-31 0001012771 srt:WeightedAverageMember us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MeasurementInputCreditSpreadMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2018-01-01 2018-12-31 0001012771 srt:MinimumMember us-gaap:CorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MeasurementInputCreditSpreadMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2018-01-01 2018-12-31 0001012771 srt:MinimumMember us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MeasurementInputCreditSpreadMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2018-01-01 2018-12-31 0001012771 srt:MinimumMember us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MeasurementInputCreditSpreadMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2018-01-01 2018-12-31 0001012771 srt:MaximumMember us-gaap:CorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MeasurementInputCreditSpreadMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2018-01-01 2018-12-31 0001012771 srt:MaximumMember us-gaap:FairValueInputsLevel3Member fbl:IndexProductEmbeddedDerivativesMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:MeasurementInputEntityCreditRiskMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2018-01-01 2018-12-31 0001012771 srt:WeightedAverageMember us-gaap:CorporateDebtSecuritiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MeasurementInputCreditSpreadMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2018-01-01 2018-12-31 0001012771 srt:MinimumMember us-gaap:FairValueInputsLevel3Member fbl:IndexProductEmbeddedDerivativesMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:MeasurementInputEntityCreditRiskMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2018-01-01 2018-12-31 0001012771 srt:WeightedAverageMember us-gaap:NonredeemablePreferredStockMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MeasurementInputCreditSpreadMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2018-01-01 2018-12-31 0001012771 srt:MaximumMember us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MeasurementInputCreditSpreadMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2018-01-01 2018-12-31 0001012771 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member fbl:IndexProductEmbeddedDerivativesMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:MeasurementInputEntityCreditRiskMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2018-01-01 2018-12-31 0001012771 us-gaap:PensionPlansDefinedBenefitMember 2018-04-01 2018-06-30 0001012771 us-gaap:PensionPlansDefinedBenefitMember 2018-01-01 2018-06-30 0001012771 us-gaap:PensionPlansDefinedBenefitMember 2019-04-01 2019-06-30 0001012771 us-gaap:PensionPlansDefinedBenefitMember 2019-01-01 2019-06-30 0001012771 us-gaap:OtherPensionPlansDefinedBenefitMember 2019-01-01 2019-06-30 0001012771 us-gaap:OtherPensionPlansDefinedBenefitMember 2018-04-01 2018-06-30 0001012771 us-gaap:OtherPensionPlansDefinedBenefitMember 2018-01-01 2018-06-30 0001012771 us-gaap:OtherPensionPlansDefinedBenefitMember 2019-04-01 2019-06-30 0001012771 us-gaap:OtherAssetsMember fbl:LimitedpartnershipMember 2019-06-30 0001012771 us-gaap:MajorityShareholderMember 2019-01-01 0001012771 us-gaap:FixedMaturitiesMember us-gaap:PrivatePlacementMember 2019-06-30 0001012771 2019-01-01 0001012771 us-gaap:MajorityShareholderMember 2019-06-30 0001012771 fbl:ReclassificationsOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedOtherThanTemporaryImpairmentMember 2019-01-01 2019-06-30 0001012771 fbl:ReclassificationsOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-01-01 2019-06-30 0001012771 fbl:ReclassificationsOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-01-01 2019-06-30 0001012771 fbl:ReclassificationsOutOfAccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-06-30 0001012771 fbl:ReclassificationsOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedOtherThanTemporaryImpairmentMember 2018-01-01 2018-06-30 0001012771 fbl:ReclassificationsOutOfAccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-06-30 0001012771 fbl:ReclassificationsOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-01-01 2018-06-30 0001012771 fbl:ReclassificationsOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-01-01 2018-06-30 0001012771 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-12-31 0001012771 us-gaap:AccumulatedOtherThanTemporaryImpairmentMember 2017-12-31 0001012771 us-gaap:AccumulatedOtherThanTemporaryImpairmentMember 2018-06-30 0001012771 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-01-01 2019-06-30 0001012771 us-gaap:AccumulatedOtherThanTemporaryImpairmentMember 2019-06-30 0001012771 us-gaap:AccumulatedOtherThanTemporaryImpairmentMember 2019-01-01 2019-06-30 0001012771 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-12-31 0001012771 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-06-30 0001012771 us-gaap:AccumulatedOtherThanTemporaryImpairmentMember 2018-12-31 0001012771 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-01-01 2018-06-30 0001012771 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-01-01 2018-06-30 0001012771 us-gaap:AccountingStandardsUpdate201601Member us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 0001012771 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-01-01 2019-06-30 0001012771 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-06-30 0001012771 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-06-30 0001012771 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-06-30 0001012771 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2017-12-31 0001012771 us-gaap:AccumulatedOtherThanTemporaryImpairmentMember 2018-01-01 2018-06-30 0001012771 us-gaap:AccountingStandardsUpdate201601Member us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-01-01 0001012771 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2017-12-31 0001012771 fbl:RegularquarterlycashdividendMember 2018-01-01 2018-06-30 0001012771 fbl:SpecialcashdividendMember 2018-04-01 2018-06-30 0001012771 fbl:SpecialcashdividendMember 2018-01-01 2018-06-30 0001012771 fbl:SpecialcashdividendMember 2019-04-01 2019-06-30 0001012771 fbl:RegularquarterlycashdividendMember 2018-04-01 2018-06-30 0001012771 fbl:RegularquarterlycashdividendMember 2019-01-01 2019-06-30 0001012771 fbl:RegularquarterlycashdividendMember 2019-04-01 2019-06-30 0001012771 fbl:SpecialcashdividendMember 2019-01-01 2019-06-30 0001012771 us-gaap:CommonClassAMember 2018-01-01 2018-06-30 0001012771 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2018-01-01 2018-06-30 0001012771 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2019-01-01 2019-06-30 0001012771 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2018-06-30 0001012771 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2019-06-30 0001012771 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2019-06-30 0001012771 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2018-01-01 2018-06-30 0001012771 us-gaap:CommonClassBMember 2018-01-01 2018-06-30 0001012771 us-gaap:CommonClassAMember 2018-06-30 0001012771 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2017-12-31 0001012771 us-gaap:CommonClassAMember 2017-12-31 0001012771 us-gaap:CommonClassBMember 2019-01-01 2019-06-30 0001012771 us-gaap:CommonClassAMember 2019-01-01 2019-06-30 0001012771 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2017-12-31 0001012771 us-gaap:CommonClassBMember 2018-06-30 0001012771 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2019-01-01 2019-06-30 0001012771 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2018-12-31 0001012771 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2018-06-30 0001012771 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2018-12-31 0001012771 us-gaap:CommonClassBMember 2017-12-31 0001012771 fbl:LifeInsuranceInterestSensitiveMember 2018-04-01 2018-06-30 0001012771 fbl:LifeInsuranceTraditionalMember 2018-01-01 2018-06-30 0001012771 us-gaap:LifeInsuranceSegmentMember 2018-01-01 2018-06-30 0001012771 fbl:LifeInsuranceInterestSensitiveMember 2018-01-01 2018-06-30 0001012771 fbl:LifeInsuranceInterestSensitiveMember 2019-01-01 2019-06-30 0001012771 fbl:LifeInsuranceTraditionalMember 2018-04-01 2018-06-30 0001012771 fbl:LifeInsuranceInterestSensitiveMember 2019-04-01 2019-06-30 0001012771 us-gaap:LifeInsuranceSegmentMember 2019-01-01 2019-06-30 0001012771 fbl:LifeInsuranceTraditionalMember 2019-04-01 2019-06-30 0001012771 us-gaap:LifeInsuranceSegmentMember 2018-04-01 2018-06-30 0001012771 us-gaap:LifeInsuranceSegmentMember 2019-04-01 2019-06-30 0001012771 fbl:LifeInsuranceTraditionalMember 2019-01-01 2019-06-30 0001012771 us-gaap:LifeInsuranceSegmentMember 2019-06-30 0001012771 fbl:AnnuitySegmentMember 2019-06-30 0001012771 us-gaap:CorporateAndOtherMember 2019-01-01 2019-06-30 0001012771 us-gaap:CorporateAndOtherMember 2018-04-01 2018-06-30 0001012771 us-gaap:CorporateAndOtherMember 2018-01-01 2018-06-30 0001012771 us-gaap:CorporateAndOtherMember 2019-04-01 2019-06-30 0001012771 fbl:AmortizationOfPolicyInitiationFeesMember us-gaap:LifeInsuranceSegmentMember 2019-04-01 2019-06-30 0001012771 fbl:SurrenderChargesMember us-gaap:LifeInsuranceSegmentMember 2018-01-01 2018-06-30 0001012771 fbl:AdmiinChargesMember us-gaap:CorporateAndOtherMember 2018-01-01 2018-06-30 0001012771 fbl:CostOfInsuranceChargesMember us-gaap:CorporateAndOtherMember 2019-04-01 2019-06-30 0001012771 fbl:AdmiinChargesMember us-gaap:LifeInsuranceSegmentMember 2019-01-01 2019-06-30 0001012771 fbl:AdmiinChargesMember us-gaap:LifeInsuranceSegmentMember 2018-04-01 2018-06-30 0001012771 fbl:AdmiinChargesMember us-gaap:CorporateAndOtherMember 2019-04-01 2019-06-30 0001012771 fbl:SurrenderChargesMember us-gaap:CorporateAndOtherMember 2018-01-01 2018-06-30 0001012771 fbl:AnnuitySegmentMember 2018-04-01 2018-06-30 0001012771 fbl:SurrenderChargesMember us-gaap:LifeInsuranceSegmentMember 2019-04-01 2019-06-30 0001012771 fbl:SeparateAccountChargesMember us-gaap:CorporateAndOtherMember 2019-01-01 2019-06-30 0001012771 fbl:CostofinsurancechargesAdministrationchargesMember fbl:AnnuitySegmentMember 2019-01-01 2019-06-30 0001012771 fbl:CostofinsurancechargesAdministrationchargesMember fbl:AnnuitySegmentMember 2019-04-01 2019-06-30 0001012771 fbl:CostOfInsuranceChargesMember us-gaap:LifeInsuranceSegmentMember 2018-01-01 2018-06-30 0001012771 fbl:AmortizationOfPolicyInitiationFeesMember us-gaap:CorporateAndOtherMember 2019-04-01 2019-06-30 0001012771 fbl:AnnuitySegmentMember 2019-01-01 2019-06-30 0001012771 fbl:AmortizationOfPolicyInitiationFeesMember us-gaap:CorporateAndOtherMember 2018-01-01 2018-06-30 0001012771 fbl:AmortizationOfPolicyInitiationFeesMember us-gaap:LifeInsuranceSegmentMember 2019-01-01 2019-06-30 0001012771 fbl:AmortizationOfPolicyInitiationFeesMember us-gaap:LifeInsuranceSegmentMember 2018-04-01 2018-06-30 0001012771 fbl:SurrenderChargesMember fbl:AnnuitySegmentMember 2019-04-01 2019-06-30 0001012771 fbl:AmortizationOfPolicyInitiationFeesMember us-gaap:LifeInsuranceSegmentMember 2018-01-01 2018-06-30 0001012771 fbl:SurrenderChargesMember us-gaap:LifeInsuranceSegmentMember 2019-01-01 2019-06-30 0001012771 fbl:CostOfInsuranceChargesMember us-gaap:LifeInsuranceSegmentMember 2018-04-01 2018-06-30 0001012771 fbl:SurrenderChargesMember us-gaap:CorporateAndOtherMember 2019-04-01 2019-06-30 0001012771 fbl:AdmiinChargesMember us-gaap:CorporateAndOtherMember 2019-01-01 2019-06-30 0001012771 fbl:CostOfInsuranceChargesMember us-gaap:LifeInsuranceSegmentMember 2019-04-01 2019-06-30 0001012771 fbl:CostofinsurancechargesAdministrationchargesMember fbl:AnnuitySegmentMember 2018-01-01 2018-06-30 0001012771 fbl:SurrenderChargesMember us-gaap:CorporateAndOtherMember 2018-04-01 2018-06-30 0001012771 fbl:SurrenderChargesMember fbl:AnnuitySegmentMember 2018-04-01 2018-06-30 0001012771 fbl:CostOfInsuranceChargesMember us-gaap:CorporateAndOtherMember 2018-01-01 2018-06-30 0001012771 fbl:AdmiinChargesMember us-gaap:LifeInsuranceSegmentMember 2019-04-01 2019-06-30 0001012771 fbl:CostOfInsuranceChargesMember us-gaap:CorporateAndOtherMember 2019-01-01 2019-06-30 0001012771 fbl:SeparateAccountChargesMember us-gaap:CorporateAndOtherMember 2018-04-01 2018-06-30 0001012771 fbl:SurrenderChargesMember us-gaap:CorporateAndOtherMember 2019-01-01 2019-06-30 0001012771 fbl:CostOfInsuranceChargesMember us-gaap:LifeInsuranceSegmentMember 2019-01-01 2019-06-30 0001012771 fbl:AdmiinChargesMember us-gaap:LifeInsuranceSegmentMember 2018-01-01 2018-06-30 0001012771 fbl:AnnuitySegmentMember 2018-01-01 2018-06-30 0001012771 fbl:SurrenderChargesMember fbl:AnnuitySegmentMember 2019-01-01 2019-06-30 0001012771 fbl:SurrenderChargesMember us-gaap:LifeInsuranceSegmentMember 2018-04-01 2018-06-30 0001012771 fbl:AmortizationOfPolicyInitiationFeesMember us-gaap:CorporateAndOtherMember 2019-01-01 2019-06-30 0001012771 fbl:SurrenderChargesMember fbl:AnnuitySegmentMember 2018-01-01 2018-06-30 0001012771 fbl:CostOfInsuranceChargesMember us-gaap:CorporateAndOtherMember 2018-04-01 2018-06-30 0001012771 fbl:AnnuitySegmentMember 2019-04-01 2019-06-30 0001012771 fbl:SeparateAccountChargesMember us-gaap:CorporateAndOtherMember 2019-04-01 2019-06-30 0001012771 fbl:AmortizationOfPolicyInitiationFeesMember us-gaap:CorporateAndOtherMember 2018-04-01 2018-06-30 0001012771 fbl:SeparateAccountChargesMember us-gaap:CorporateAndOtherMember 2018-01-01 2018-06-30 0001012771 fbl:AdmiinChargesMember us-gaap:CorporateAndOtherMember 2018-04-01 2018-06-30 0001012771 fbl:CostofinsurancechargesAdministrationchargesMember fbl:AnnuitySegmentMember 2018-04-01 2018-06-30 0001012771 fbl:AnnuitySegmentMember 2018-12-31 0001012771 us-gaap:LifeInsuranceSegmentMember 2018-12-31 0001012771 us-gaap:AccountingStandardsUpdate201601Member us-gaap:RetainedEarningsMember 2018-01-01 xbrli:shares iso4217:USD xbrli:shares iso4217:USD xbrli:pure fbl:issuers fbl:securities
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
 
FORM 10-Q

(Mark one)
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 2019.
or
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from ____________________ to _______________________

Commission File Number: 1-11917
399013821_ffglogoa04.jpg
FBL FINANCIAL GROUP INC
(Exact name of registrant as specified in its charter)
Iowa 42-1411715
(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)

5400 University Avenue, West Des Moines, Iowa 50266-5997
(Address of principal executive offices) (Zip Code)

(515) 225-5400
(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Class A Common Stock, without par value
FFG
New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No
 
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes No
 
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one)

Large accelerated filer Accelerated filer Non-accelerated filer Smaller reporting company Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date:
 Title of each class
 
Outstanding at July 30, 2019
Class A Common Stock, without par value
 
24,648,472
Class B Common Stock, without par value
 
11,413


















(This page has been intentionally left blank.)




FBL FINANCIAL GROUP, INC.
FORM 10-Q FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2019
TABLE OF CONTENTS


PART I.
FINANCIAL INFORMATION
 
 
 
 
Item 1.
Financial Statements (Unaudited)
 
 
Consolidated Balance Sheets
 
Consolidated Statements of Operations
 
Consolidated Statements of Comprehensive Income
 
Consolidated Statements of Changes in Stockholders’ Equity
 
Consolidated Statements of Cash Flows
 
Notes to Consolidated Financial Statements
 
 
 
Item 2.
Management’s Discussion and Analysis of Financial Condition and Results of Operations
 
 
 
Item 3.
Quantitative and Qualitative Disclosures About Market Risk
 
 
 
Item 4.
Controls and Procedures
 
 
 
PART II.
OTHER INFORMATION
 
 
 
Item 1A.
Risk Factors
 
 
 
Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds
 
 
 
Item 6.
Exhibits
 
 
 
SIGNATURES
 
    



1


ITEM 1. FINANCIAL STATEMENTS

FBL FINANCIAL GROUP, INC.
CONSOLIDATED BALANCE SHEETS (Unaudited)
(Dollars in thousands)

 
June 30,
2019
 
December 31,
2018
Assets
 
 
 
Investments:
 
 
 
Fixed maturities - available for sale, at fair value (amortized cost: 2019 - $6,909,984; 2018 - $6,856,277)
$
7,484,622

 
$
7,033,045

Equity securities at fair value (cost: 2019 - $101,847; 2018 - $93,564)
106,021

 
92,857

Mortgage loans
1,019,124

 
1,039,829

Real estate
1,543

 
1,543

Policy loans
200,246

 
197,366

Short-term investments
9,521

 
15,713

Other investments
48,833

 
33,765

Total investments
8,869,910

 
8,414,118

 
 
 
 
Cash and cash equivalents
13,854

 
19,035

Securities and indebtedness of related parties
68,733

 
60,962

Accrued investment income
73,683

 
74,524

Amounts receivable from affiliates
6,330

 
3,812

Reinsurance recoverable
102,898

 
102,386

Deferred acquisition costs
314,301

 
418,802

Value of insurance in force acquired
3,366

 
10,385

Current income taxes recoverable
2,036

 
4,807

Other assets
179,408

 
163,518

Assets held in separate accounts
625,177

 
561,281

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total assets
$
10,259,696

 
$
9,833,630


 


2




FBL FINANCIAL GROUP, INC.
CONSOLIDATED BALANCE SHEETS (Continued)
(Dollars in thousands)

 
June 30,
2019
 
December 31,
2018
Liabilities and stockholders’ equity
 
 
 
Liabilities:
 
 
 
Future policy benefits:
 
 
 
Interest sensitive products
$
5,471,944

 
$
5,403,125

Traditional life insurance and accident and health products
1,826,458

 
1,802,346

Other policy claims and benefits
40,058

 
51,298

Supplementary contracts without life contingencies
302,685

 
303,627

Advance premiums and other deposits
258,295

 
260,252

Amounts payable to affiliates
3,421

 
1,461

Long-term debt payable to non-affiliates
97,000

 
97,000

Deferred income taxes
134,702

 
75,449

Other liabilities
102,414

 
93,532

Liabilities related to separate accounts
625,177

 
561,281

Total liabilities
8,862,154

 
8,649,371

 
 
 
 
Stockholders’ equity:
 
 
 
FBL Financial Group, Inc. stockholders’ equity:
 
 
 
Preferred stock, without par value, at liquidation value - authorized 10,000,000 shares, issued and outstanding 5,000,000 Series B shares
3,000

 
3,000

Class A common stock, without par value - authorized 88,500,000 shares, issued and outstanding 24,648,472 shares in 2019 and 24,707,402 shares in 2018
152,454

 
152,652

Class B common stock, without par value - authorized 1,500,000 shares, issued and outstanding 11,413 shares in 2019 and 2018
72

 
72

Accumulated other comprehensive income
302,793

 
91,318

Retained earnings
939,143

 
937,097

Total FBL Financial Group, Inc. stockholders’ equity
1,397,462

 
1,184,139

Noncontrolling interest
80

 
120

Total stockholders’ equity
1,397,542

 
1,184,259

Total liabilities and stockholders’ equity
$
10,259,696

 
$
9,833,630


See accompanying notes.


3




FBL FINANCIAL GROUP, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
(Dollars in thousands, except per share data)

 
Three months ended June 30,
 
Six months ended June 30,
 
2019
 
2018
 
2019
 
2018
Revenues:
 
 
 
 
 
 
 
Interest sensitive product charges
$
32,534

 
$
30,906

 
$
63,800

 
$
61,004

Traditional life insurance premiums
50,987

 
51,091

 
100,379

 
100,588

Net investment income
104,894

 
103,974

 
214,534

 
204,996

Net realized capital gains (losses)
377

 
841

 
10,534

 
(906
)
Net other-than-temporary impairment losses recognized in earnings

 

 
(869
)
 
(1,040
)
Other income
4,114

 
3,637

 
8,084

 
8,237

Total revenues
192,906

 
190,449

 
396,462

 
372,879

 
 
 
 
 
 
 
 
Benefits and expenses:
 
 
 
 
 
 
 
Interest sensitive product benefits
65,223

 
62,637

 
135,819

 
123,982

Traditional life insurance benefits
41,960

 
43,725

 
88,635

 
89,181

Policyholder dividends
2,564

 
2,560

 
5,098

 
5,111

Underwriting, acquisition and insurance expenses
38,948

 
37,210

 
75,137

 
76,787

Interest expense
1,212

 
1,213

 
2,424

 
2,426

Other expenses
6,635

 
5,627

 
12,885

 
11,220

Total benefits and expenses
156,542

 
152,972

 
319,998

 
308,707

 
36,364

 
37,477

 
76,464

 
64,172

Income taxes
(5,511
)
 
(5,831
)
 
(11,787
)
 
(9,644
)
Equity income, net of related income taxes
1,404

 
1,139

 
1,624

 
1,799

Net income
32,257

 
32,785

 
66,301

 
56,327

Net loss attributable to noncontrolling interest
41

 
18

 
40

 
41

Net income attributable to FBL Financial Group, Inc.
$
32,298

 
$
32,803

 
$
66,341

 
$
56,368

 
 
 
 
 
 
 
 
Earnings per common share
$
1.30

 
$
1.31

 
$
2.68

 
$
2.26

Earnings per common share - assuming dilution
$
1.30

 
$
1.31

 
$
2.68

 
$
2.25


See accompanying notes.


4




FBL FINANCIAL GROUP, INC.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited)
(Dollars in thousands)
 
Three months ended June 30,
 
Six months ended June 30,
 
2019
 
2018
 
2019
 
2018
Net income
$
32,257

 
$
32,785

 
$
66,301

 
$
56,327

Other comprehensive income (loss) (1)
 
 
 
 
 
 
 
Change in net unrealized investment gains/losses
113,416

 
(55,797
)
 
211,056

 
(148,951
)
Change in underfunded status of postretirement benefit plans
211

 
267

 
419

 
529

Total other comprehensive income (loss), net of tax
113,627

 
(55,530
)
 
211,475

 
(148,422
)
Total comprehensive income (loss), net of tax
145,884

 
(22,745
)
 
277,776

 
(92,095
)
Comprehensive loss attributable to noncontrolling interest
41

 
18

 
40

 
41

Total comprehensive income (loss) applicable to FBL Financial Group, Inc.
$
145,925

 
$
(22,727
)
 
$
277,816

 
$
(92,054
)

(1)
Other comprehensive income (loss) is recorded net of deferred income taxes and other adjustments for assumed changes in deferred acquisition costs, value of insurance in force acquired, unearned revenue reserve and policyholder liabilities.


FBL FINANCIAL GROUP, INC.
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (Unaudited)
(Dollars in thousands)

 
FBL Financial Group, Inc. Stockholders’ Equity
 
 
 
 
 
Series B Preferred Stock
 
Class A and Class B Common Stock
 
Accumulated Other Comprehensive Income
 
Retained Earnings
 
Non-
controlling Interest
 
Total Stockholders’ Equity
Balance at April 1, 2018
$
3,000

 
$
153,267

 
$
186,222

 
$
909,872

 
$
35

 
$
1,252,396

Cumulative effect of change in accounting principle related to net unrealized gains on equity securities

 

 
389

 
(389
)
 

 

Net income - three months ended June 30, 2018

 

 

 
32,803

 
(18
)
 
32,785

Other comprehensive loss

 

 
(55,530
)
 

 

 
(55,530
)
Stock-based compensation

 
102

 

 

 

 
102

Purchase of common stock

 
(183
)
 

 
(1,860
)
 

 
(2,043
)
Dividends on preferred stock

 

 

 
(37
)
 

 
(37
)
Dividends on common stock

 

 

 
(11,416
)
 

 
(11,416
)
Receipts related to noncontrolling interest

 

 

 

 
15

 
15

Balance at June 30, 2018
$
3,000

 
$
153,186

 
$
131,081

 
$
928,973

 
$
32

 
$
1,216,272

 
 
 
 
 
 
 
 
 
 
 
 
Balance at April 1, 2019
$
3,000

 
$
152,516

 
$
189,166

 
$
918,718

 
$
121

 
$
1,263,521

Net income - three months ended June 30, 2019

 

 

 
32,298

 
(41
)
 
32,257

Other comprehensive income

 

 
113,627

 

 

 
113,627

Stock-based compensation

 
10

 

 

 

 
10

Dividends on preferred stock

 

 

 
(37
)
 

 
(37
)
Dividends on common stock

 

 

 
(11,836
)
 

 
(11,836
)
Balance at June 30, 2019
$
3,000

 
$
152,526

 
$
302,793

 
$
939,143

 
$
80

 
$
1,397,542






5


FBL FINANCIAL GROUP, INC.
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (Continued)
(Dollars in thousands)

 
FBL Financial Group, Inc. Stockholders’ Equity
 
 
 
 
 
Series B Preferred Stock
 
Class A and Class B Common Stock
 
Accumulated Other Comprehensive Income
 
Retained Earnings
 
Non-
controlling Interest
 
Total Stockholders’ Equity
Balance at January 1, 2018
$
3,000

 
$
153,661

 
$
284,983

 
$
935,423

 
$
58

 
$
1,377,125

Cumulative effect of change in accounting principle related to net unrealized gains on equity securities

 

 
(5,480
)
 
5,480

 

 

Net income - six months ended June 30, 2018

 

 

 
56,368

 
(41
)
 
56,327

Other comprehensive loss

 

 
(148,422
)
 

 

 
(148,422
)
Stock-based compensation

 
320

 

 

 

 
320

Purchase of common stock

 
(795
)
 

 
(8,054
)
 

 
(8,849
)
Dividends on preferred stock

 

 

 
(75
)
 

 
(75
)
Dividends on common stock

 

 

 
(60,169
)
 

 
(60,169
)
Receipts related to noncontrolling interest

 

 

 

 
15

 
15

Balance at June 30, 2018
$
3,000

 
$
153,186

 
$
131,081

 
$
928,973

 
$
32

 
$
1,216,272

 
 
 
 
 
 
 
 
 
 
 
 
Balance at January 1, 2019
$
3,000

 
$
152,724

 
$
91,318

 
$
937,097

 
$
120

 
$
1,184,259

Cumulative effect of change in accounting principle related to leases

 

 

 
595

 

 
595

Net income - six months ended June 30, 2019

 

 

 
66,341

 
(40
)
 
66,301

Other comprehensive income

 

 
211,475

 

 

 
211,475

Stock-based compensation

 
212

 

 

 

 
212

Purchase of common stock

 
(410
)
 

 
(4,167
)
 

 
(4,577
)
Dividends on preferred stock

 

 

 
(75
)
 

 
(75
)
Dividends on common stock

 

 

 
(60,648
)
 

 
(60,648
)
Balance at June 30, 2019
$
3,000

 
$
152,526

 
$
302,793

 
$
939,143

 
$
80

 
$
1,397,542


See accompanying notes.









6




FBL FINANCIAL GROUP, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
(Dollars in thousands)

 
Six months ended June 30,
 
2019
 
2018
Operating activities
 
 
 
Net income
$
66,301

 
$
56,327

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
Interest credited to account balances
80,152

 
82,699

Charges for mortality, surrenders and administration
(62,978
)
 
(60,081
)
Net realized (gains) losses on investments
(9,665
)
 
2,705

Change in fair value of derivatives
(1,242
)
 
(3,089
)
Increase in liabilities for life insurance and other future policy benefits
34,593

 
38,308

Deferral of acquisition costs
(22,628
)
 
(22,244
)
Amortization of deferred acquisition costs and value of insurance in force
17,176

 
20,318

Change in reinsurance recoverable
742

 
5,097

Provision for deferred income taxes
3,020

 
(4,190
)
Other
(19,850
)
 
11,362

Net cash provided by operating activities
85,621

 
127,212

 
 
 
 
Investing activities
 
 
 
Sales, maturities or repayments:
 
 
 
Fixed maturities - available for sale
314,460

 
352,051

Equity securities - available for sale
5,085

 

Mortgage loans
49,386

 
36,861

Derivative instruments
7,314

 
8,912

Policy loans
18,057

 
19,030

Securities and indebtedness of related parties
4,466

 
3,021

Other long-term investments
2,950

 
3,524

Acquisitions:
 
 
 
Fixed maturities - available for sale
(346,440
)
 
(529,344
)
Equity securities - available for sale
(13,092
)
 
(2,283
)
Mortgage loans
(25,902
)
 
(47,936
)
Derivative instruments
(9,766
)
 
(7,049
)
Policy loans
(20,937
)
 
(22,470
)
Securities and indebtedness of related parties
(11,476
)
 
(8,409
)
Other long-term investments
(2,788
)
 
(6,531
)
Short-term investments, net change
6,192

 
1,866

Purchases and disposals of property and equipment, net
(7,931
)
 
(6,067
)
Net cash used in investing activities
(30,422
)
 
(204,824
)




7




FBL FINANCIAL GROUP, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)
(Dollars in thousands)

 
Six months ended June 30,
 
2019
 
2018
Financing activities
 
 
 
Contract holder account deposits
$
316,988

 
$
402,751

Contract holder account withdrawals
(311,187
)
 
(311,878
)
Dividends paid
(60,723
)
 
(60,244
)
Proceeds from issuance of short-term debt
4,000

 
27,000

Repayments of short-term debt
(4,000
)
 

Issuance or repurchase of common stock, net
(5,458
)
 
(9,023
)
Other financing activities

 
15

Net cash provided by (used in) financing activities
(60,380
)
 
48,621

Decrease in cash and cash equivalents
(5,181
)
 
(28,991
)
Cash and cash equivalents at beginning of period
19,035

 
52,696

Cash and cash equivalents at end of period
$
13,854

 
$
23,705

 
 
 
 
Supplemental disclosures of cash flow information
 
 
 
Cash (paid) received during the period for:
 
 
 
Interest
$
(2,426
)
 
$
(2,425
)
Income taxes
(30
)
 
(20
)

See accompanying notes.