RSS FeedFBL Financial Group Reports First Quarter 2010 Results MarketWatch (press release)
Today reported net income attributable to FBL for the first quarter of 2010 of $18.0 million, or $0.59 per diluted common share, compared to a net loss attributable to FBL of $1.5 million, or $0.05 per diluted common share, for the first quarter of 2009.Operating Income(1). Operating income totaled $20.3 million for the first quarter of 2010, compared to $7.9 million for the first quarter of 2009. Operating income per common share totaled $0.66 in the first quarter of 2010, compared to $0.26 in the first quarter of 2009. Operating income differs from the GAAP measure, net income (loss) attributable to FBL Financial Group, in that it excludes the impact of realized gains and losses on investments and the change in net unrealized gains and losses on derivatives. For further information on this non-GAAP financial measure, please refer to Note (1) and the reconciliation provided within this release.
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