M&A Deal Summary

Farm Bureau Property & Casualty Insurance Co. Acquires FBL Financial Group

On September 4, 2020, Farm Bureau Property & Casualty Insurance Co. acquired financial services company FBL Financial Group

Acquisition Highlights
  • This is Farm Bureau Property & Casualty Insurance Co.’s 1st transaction in the Financial Services sector.
  • This is Farm Bureau Property & Casualty Insurance Co.’s 1st transaction in the United States.
  • This is Farm Bureau Property & Casualty Insurance Co.’s 1st transaction in Iowa.

M&A Deal Summary

Date 2020-09-04
Target FBL Financial Group
Sector Financial Services
Buyer(s) Farm Bureau Property & Casualty Insurance Co.
Deal Type Add-on Acquisition

Target

FBL Financial Group

Des Moines, Iowa, United States
FBL Financial Group offers a broad range of life insurance, annuity and investment products distributed by multiline exclusive Farm Bureau agents. FBL Financial Group was founded in 1954 and is based in Des Moines, Iowa.

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Buyer(S) 1

Buyer

Farm Bureau Property & Casualty Insurance Co.

Des Moines, United States

Category Company
Founded 2009
Sector Insurance
DESCRIPTION

Farm Bureau Property & Casualty Insurance Co. is an insurance company serve in excess of 360,000 Farm Bureau client/members in eight Midwest and Western states through a network of more than 1,100 exclusive multi-line agents and agency managers, offering a full line of personal and commercial property-casualty insurance products.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Iowa M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1