FBL Financial Group Inc. on Tuesday reported second-quarter net income of $32.4 million, or $1.29 per share, a 13 percent increase from the $28.6 million, or $1.14 per share, reported for the second quarter of 2014. Operating income totaled $27.8 million, compared with $26.1 million for the year-ago quarter.

“This positive momentum reinforces our strategies: to serve our Farm Bureau market niche, to increase our exclusive agent count and to manage spreads, capital and expenses,” FBL CEO James Brannen said in a release. “Executing these strategies is our focus for the remainder of 2015.”

Premiums and product charges for the second quarter of 2015 totaled $77.2 million, compared with $74.8 million in the second quarter of 2014. Interest-sensitive product charges increased 3 percent while traditional life insurance premiums also increased 3 percent during the quarter.

Benefits and expenses totaled $142.6 million in the quarter, an increase from $137.4 million in the second quarter of 2014. Death benefits, net of reinsurance and reserves released, increased to $24.7 million, compared with $23.1 million in last year’s second quarter.

Net investment income in the second quarter of 2015 totaled $97.5 million compared with $95.2 million a year ago. The increase is due to higher average invested assets as well as higher investment yields, which benefited from increased prepayment fee income.