The tender offer and the private repurchase are a part of FBL Financial Group’s $200 million stock repurchase authorization announced on October 7, 2011, and following such transactions, FBL Financial Group will have completed the repurchase of approximately $126.5 million of Shares. FBL Financial Group may in the future consider various forms of share repurchases, including open market purchases, tender offers and/or accelerated share repurchases. Under applicable securities laws, FBL Financial Group may not repurchase any additional Shares until after April 10, 2012.Raymond James & Associates, Inc. served as the dealer manager for the tender offer. Skadden, Arps, Slate, Meagher & Flom LLP provided legal counsel and Innisfree M&A Incorporated served as the information agent. Shareholders and investors who have questions or need information about the tender offer may call Innisfree M&A Incorporated at (877) 717-3922 (toll-free) and (212) 750-5833 (for banks and brokers). About FBL Financial Group, Inc. FBL Financial Group is a holding company whose primary operating subsidiary is Farm Bureau Life Insurance Company. FBL Financial Group underwrites, markets and distributes life insurance and annuities to individuals and small businesses. In addition, FBL Financial Group manages all aspects of two Farm Bureau affiliated property-casualty insurance companies for a management fee. For more information, please visit www.fblfinancial.com. Cautionary Note Regarding Forward-Looking Statements This news release may include forward-looking statements that reflect our current views with respect to future events and financial performance. Statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “anticipate,” “will,” “may” and similar statements of a future or forward-looking nature identify forward-looking statements. All forward-looking statements address matters that involve risks and uncertainties. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements. These risks and uncertainties are detailed in FBL Financial Group’s reports filed with the Securities and Exchange Commission (the “SEC”) and include, but are not limited to, difficult conditions in financial markets and the economy, lack of liquidity and access to capital, investment valuations, interest rate changes, competitive factors, the ability to attract and retain sales agents, the ability to complete the tender offer, the fact that the number of Shares to be purchased is preliminary and the actual number of Shares purchased pursuant to the tender offer may differ from preliminary results, the ability to complete the private repurchase and the number of Shares purchased pursuant to the private repurchase, and the ability to achieve the benefits contemplated by the tender offer and the private repurchase, as well as management’s response to any of the aforementioned factors.
The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included herein and elsewhere, including the Risk Factors included in our most recent report on Form 10-K and other documents on file with the SEC. These forward-looking statements are based on assumptions which FBL Financial Group believes to be reasonable; however, no assurance can be given that the assumptions will prove to be correct.FFG-1