FBL Financial Group to Ring NYSE Closing Bell(SM) to Celebrate 10th Anniversary as a Public Company.WEST DES MOINES, Iowa West Des Moines is a city in Polk, Dallas, and Warren counties in the U.S. state of Iowa. As of the 2000 census, the city population was 46,403; a special census taken in the spring of 2005 counted 51,744 residents. -- FBL FBL Full Bell Lines (coin grading) FBL Fly by Light FBL FIATA Bill of Lading FBL Functional Baseline FBL Foundation for a Better Life FBL Federal Barge Lines, Inc. Financial Group, Inc. (NYSE NYSE See: New York Stock Exchange :FFG FFG Forschungsförderungsgesellschaft (German: Austrian research promotion agency) FFG Flash Flood Guidance FFG Guided Missile Frigate FFG Fall from Grace (band) FFG Fast Frigates FFG Freeware Flight Group ) will celebrate 10-years as a public company on July 19, 2006. To mark this milestone, FBL Chief Executive Officer Bill Oddy, along with members of the FBL management team and Chairman Craig Lang, will ring the Closing Bell(SM) at the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. at 4:00 p.m. ET on Wednesday, July 19, 2006. Since its initial public offering, FBL's assets have grown from $3.1 billion to over $10.3 billion today. Premiums collected, a measure of sales activity, has also grown from $234 million in 1995 to $1.4 billion in 2005. "There's no question that going public has been good for FBL and great for our shareholders," Oddy says. "We have had strong performance and created shareholder value during our entire 10-year period." At the IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. on July 19, 1996, the price for FBL stock was $8.75 (reflecting a subsequent stock-split). FBL's stock price closed Monday, July 17, 2006, at $30.76. With the increase in FBL's stock price, original shareholders who reinvested all dividends paid by FBL over the last 10 years have seen their money quadruple in value. The closing bell ceremony will be webcast on FBL's website at www.fblfinancial.com. This webcast will be available in both a live and archived format. FBL Financial Group is a holding company whose primary operating subsidiaries are Farm Bureau Life Insurance Company and EquiTrust Life Insurance Company. FBL underwrites, markets and distributes life insurance, annuities and mutual funds to individuals and small businesses. In addition, FBL manages all aspects of three Farm Bureau affiliated property-casualty insurance companies for a management fee. FBL's three-pronged growth strategy includes (1) growth through its traditional Farm Bureau Life distribution channel, (2) growth in EquiTrust Life through independent and other distribution channels and (3) acquisitions or consolidations. FFG-1 |
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