Company Timeline

Early 1900s 1949 1984 When county and state Farm Bureaus A record was set when Farm Bureau Life Farm Bureau Life acquired Farm Bureau Insurance began forming in the years around achieved $100 million of life insurance in Company and Utah Farm Bureau Life. In 1988, Utah Farm World War I, farming was becoming force in just 56 months. Several other state Bureau Life was merged into Farm Bureau Life. The assets of increasingly complex and capital intensive, Farm Bureaus recognize the opportunity Utah Farm Bureau Insurance Company were dividended up to a trend that has continued and intensified. to provide expanded services to members its parent company and it was dissolved in 1998. Unfortunately, given their urban market through insurance products while achieving focus, few insurance companies at that time economies of scale. Farm Bureau Life was understood the unique needs of farmers. invited to offer its products in states other than , expanding into in 1951 and in 1954.

1939 1971 The Iowa Farm Bureau Federation formed its own The company introduced the sale of its company to meet the needs of its farmer members. mutual funds. Today these funds are Farm Bureau Mutual Insurance Company began by managed by FBL’s subsidiary, EquiTrust offering auto insurance, and expanded into farm Investment Management Services. liability products and fire protection. By the early 1960s, it was a full line multi-state casualty insurer. 1987 Farm Bureau Life expanded into at the request of the South Dakota Farm Bureau Federation. 1945 South Dakota Farm Bureau Mutual became a FBL’s principal subsidiary, Farm Bureau Life Insurance managed operation until it was merged into Company (originally known as Iowa Life Insurance Company) Farm Bureau Mutual in 1999. was organized on October 30, 1944 and opened for business on January 24, 1945. From the beginning, Farm Bureau Life experienced record-breaking growth. During its charter period, more than 9,000 applications were received for $22 million of life insurance volume. In its first year of operation, $29 million was issued, a record for life insurance companies. 1993 1997 2003 Today In 1993, Farm Bureau Life became the EquiTrust Life was purchased by FBL in 1997 as Farm Bureau Mutual Insurance Company merged with FBL Financial Group is a holding company majority owner of Rural Security Life, which a shell company to underwrite business outside the Nebraska Farm Bureau Insurance Company and Farm whose primary operating subsidiaries are was formed in 1949 by the Farm of FBL’s niche Farm Bureau marketplace. Bureau Mutual Insurance Company of . FBL, which Farm Bureau Life Insurance Company and Bureau Federation. Rural Security Life was still manages Farm Bureau Mutual, now manages property- EquiTrust Life Insurance Company. FBL Financial merged into Farm Bureau Life in 1994. casualty operations in eight states. Group underwrites, markets and distributes life insurance, annuities and mutual funds to 1994 individuals and small businesses. In addition, FBL manages all aspects of two Farm Bureau affiliated In January, the shareholders of Farm Bureau Life property-casualty insurance companies for a Insurance Company and Western Farm Bureau Life management fee. Insurance Company approve a plan to consolidate operations. Western Farm Bureau Life operated in , Colorado, , , , , and . Western Farm Bureau Life was merged into Farm Bureau Life in 1999.

1995 2001 2009-10 IFBL Financial Group entered into a variable FBL expanded its core marketing territory to 15 In 2009, Farm Bureau Mutual Insurance Company product strategic alliance with Kansas Farm states through the acquisition of Kansas Farm formed a mutual holding company named Farm Bureau Life Insurance Company allowing FBL Bureau Life Insurance Company. FBL entered Bureau Mutual Holding Company. Farm Bureau variable products to be sold in Kansas through into coinsurance agreements with National Mutual Insurance Company was renamed Farm Kansas Farm Bureau Life’s agency force. Travelers Life Company and American Equity Bureau Property & Casualty Insurance Company, Investment Life Insurance Company. effective January 1, 2010.

1996 IFBL Financial Group began managing Western Agricultural Insurance Company (Arizona) and Western Farm Bureau Mutual Insurance Company (New Mexico).

FBL Financial Group went public at a split-adjusted initial public offering price of $8.75. Today FBL Financial Group is traded on the New York Stock Exchange under the ticker symbol FFG.