FBL reports fourth quarter loss
FBL reports fourth quarter loss
FBL Financial Group Inc. yesterday reported a net loss for the fourth quarter of 2011 of $60.3 million, or $1.96 per share. The company said the loss was due to one-time charges relating to the previously announced sale of its subsidiary EquiTrust Life Insurance Co. The loss compares with net income of $51.6 million, or $1.67 per share, for the fourth quarter of 2010. For the year, the company reported a net income of $31.3 million, or $1 per share, compared with $120.7 million, or $3.92 per share, the previous year.
FBL Financial Group Inc. yesterday reported a net loss for the fourth quarter of 2011 of $60.3 million, or $1.96 per share.
The company said the loss was due to one-time charges relating to the previously announced sale of its subsidiary EquiTrust Life Insurance Co. The loss compares with net income of $51.6 million, or $1.67 per share, for the fourth quarter of 2010.
For the year, the company reported a net income of $31.3 million, or $1 per share, compared with $120.7 million, or $3.92 per share, the previous year.
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