|[July 17, 2014]
Farm Bureau Life Insurance Company Named a Top Performer
WEST DES MOINES, Iowa --(Business Wire)--
Farm Bureau Financial Services (FBFS) announces its affiliated life
insurer, Farm Bureau Life Insurance Company (FBLIC), has once again been
named to Ward's 50® Top Performing Life and Health Insurers
list for 2014. This recognizes the company for outstanding financial
results over the five-year period 2009-2013. This marks the 14th time
the company has been named to Ward's 50® top performer list.
Nearly 800 life-health insurance companies are monitored to identify the
top performers. The objective is to compare the performance of the Top
50 as a group with the industry average. The Ward's 50 outpaced the
industry average in several areas including five year policyholder
surplus growth (42.5% compared to 25.3%) and net premium income growth
(22.7% compared to 16.6%).
"Most insurers saw improvements in both financial returns and overall
premium levels," explained Jeff Rieder, Partner and Head of Ward Group.
"In clear signs of continued optimism, our research shows considerable
investments are being made in technology, product enhancements and
identifying ays to deliver a better customer experience."
Ward Group has conducted the Ward's
50® analysis since 1991. It is a financial analysis of
the insurance industry based on publicly available data and conducted
independently of the Ward Group annual benchmarking programs.
About Farm Bureau Financial Services
Through an exclusive,
multi-state agent force, the companies affiliated with the Farm Bureau
Financial Services brand underwrite, market and distribute a broad range
of insurance and financial services products to individuals and
businesses. Learn more about us by visiting www.fbfs.com.
Or, visit us at www.facebook.com/farmbureaufinancialservices,
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