Item 8.01. Other Events
On February 20, 2014, the Board of Directors of FBL Financial Group approved an
increase to the quarterly cash dividend to common stockholders to $0.35 per
share from $0.15 per share. FBL Financial Group's Board of Directors has also
authorized a plan for FBL to repurchase $50 million of its Class A common stock.
The $50 million repurchase plan allows FBL Financial Group to repurchase up to
$50 million of Class A common stock, and will commence upon the earlier of the
completion of the current $30 million repurchase plan or its expiration on March
31, 2014. Currently, there is approximately $20.3 million remaining under the
$30 million repurchase program. The new 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. Completion of the program is dependent on
market conditions and other factors. There is no guarantee as to the exact
timing of any repurchases or the number of shares, if any, that FBL Financial
Group will repurchase. The share repurchase program may be modified or
terminated by FBL Financial Group at any time without prior notice.
On February 20, 2014, FBL Financial Group issued a news release regarding the
dividend increase and share repurchase authorization. The news release is filed
as Exhibit 99.1 and is incorporated herein by reference.