FBL Financial Group, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018; Provides Effective Tax Rate Guidance for the Full Year of 2018
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.