FBL Financial Group Inc. reported third-quarter net income of $27.1 million, or $1.04 per share, compared with $20.5 million, or 76 cents per share, for the third quarter of 2012. Life insurance premiums collected increased 24 percent, while annuity premiums collected declined 5 percent, "reflecting the focus on life insurance sales and decreased emphasis on annuity sales during this period of low interest rates," the West Des Moines-based company said in a release. During the quarter, FBL paid a $2 per share special dividend and repurchased more than 1 million shares of common stock. FBL's balance sheet "remains very strong," CEO James Brannen said, with a risk based capital ratio of 450 percent at Sept. 30.