FBL Financial Group Inc. reported third-quarter net income of $30 million, or $1.20 per share, compared with $26.7 million, or $1.06 per share, for the third quarter of 2015. Operating income, which excludes the impact of investment and derivatives gains or losses, totaled $28.9 million, compared with $27.3 million for the third quarter of 2015. CEO James Brannen said the earnings report reflects strong financial performance and focus on its Farm Bureau niche market. Premiums collected in  the third quarter totaled $156.4 million, compared with $184 million in the third quarter of 2015. Annuity premiums collected decreased 25 percent while life insurance premiums decreased 1 percent. Net investment income in the  quarter totaled $103.5 million, compared with $95.9 million in the third quarter of 2015. The increase was due to an increase in average invested assets, partially offset by lower investment yields.