FBL Financial Group, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported total revenues of $189,945,000 compared to $188,997,000 a year ago. Net income was $32,410,000 compared to $32,318,000 a year ago. Net income attributable to company was $32,428,000 compared to $32,291,000 a year ago. Earnings per common share - assuming dilution was $1.30 compared to $1.29 a year ago. Non-GAAP operating income was $32,693,000 compared to $30,817,000 a year ago. Non-GAAP operating income per common share - assuming dilution was $1.31 compared to $1.23 a year ago. Book value per share was $49.35 and book value per share, excluding accumulated other comprehensive income was $44.06.

For the six months, the company reported total revenues of $372,120,000 compared to $370,917,000 a year ago. Net income was $56,018,000 compared to $58,753,000 a year ago. Net income attributable to company was $56,059,000 compared to $58,724,000 a year ago. Earnings per common share - assuming dilution was $2.24 compared to $2.34 a year ago. Non-GAAP operating income was $60,326,000 compared to $57,805,000 a year ago. Non-GAAP operating income per common share - assuming dilution was $2.41 compared to $2.30 a year ago.

The company expects effective tax rate of 17.5% to 18.5% for full year 2018. This rate is less than the statutory rate of 21% due primarily to the impact of tax-exempt dividend and interest income.