FBL Financial Group

Farm Bureau Property & Casualty Insurance Co. acquires all outstanding shares of FBL Financial Group Class A and B stock from non-affiliated shareholders for $61 per share in cash. The transaction fully takes the company private while retaining the Iowa Farm Bureau Federation as the majority owner. The deal follows a previously announced agreement between the two entities.

May 2021Business RecordNews article

FBL Financial Group receives Iowa Insurance Division approval for Farm Bureau Property and Casualty Insurance Company’s proposed acquisition of all outstanding Class A and Class B common shares (excluding shares held by FBPCIC and the Iowa Farm Bureau Federation) at $56.00 per share in cash. The transaction follows the Division’s regulatory review of the deal structure. The acquisition aims to consolidate operations under Farm Bureau’s insurance umbrella.

Apr 2021Placera (syndicated Business Wire)News article

Monteverde & Associates PC is investigating FBL Financial Group (FFG) regarding its proposed acquisition by Farm Bureau Property & Casualty Insurance Company. The firm, led by founder Juan Monteverde, examines potential securities concerns tied to the deal. FFG operates as a financial services provider under scrutiny for shareholder implications.

Jan 2021PR NewswireNews article

Ademi LLP examines whether FBL Financial Group (FFG) secured a fair price in its deal with Farm Bureau Property & Casualty Insurance Company and the Iowa Farm Bureau Federation. The law firm probes possible breaches of fiduciary duty or legal violations tied to the transaction. Allegations focus on whether shareholders received equitable terms in the agreement.

Jan 2021PR NewswireNews article