FBL authorizes additional $30 million stock repurchase
FBL Financial Group Inc.’s board of directors has approved a plan to repurchase an additional $30 million of its Class A common stock, which will commence upon conclusion of its current $200 million stock repurchase plan. That prior plan, approved in October 2011, has $14.6 million in repurchases remaining. The repurchase plan authorizes FBL Financial Group to make repurchases in the open market or through privately negotiated transactions, with the timing and terms of the purchases to be determined by management based on market conditions. The board also declared a quarterly cash dividend of 10 cents per share to owners of Class A and Class B common stock.