History
The company traces its history to the Great Depression in the 1930s when the Iowa chapter of the Farm Bureau established the Farm Bureau Mutual Insurance Company in 1939 to meet the insurance needs of its farmers.
The Farm Bureau Life Insurance Company (the biggest component) was founded as Iowa Life Insurance Company on October 30, 1944 and opened for business in 1945.
Over the years various Farm Bureaus folded their state insurance companies into the company. It was listed on the New York Stock Exchange in 1996 at a split-adjusted initial public offering price of $8.75.
FBL sold its EquiTrust division to Guggenheim Partners in 2011.
Read more about this topic: FBL Financial Group
Famous quotes containing the word history:
“History has neither the venerableness of antiquity, nor the freshness of the modern. It does as if it would go to the beginning of things, which natural history might with reason assume to do; but consider the Universal History, and then tell us,—when did burdock and plantain sprout first?”
—Henry David Thoreau (1817–1862)
“When the history of this period is written, [William Jennings] Bryan will stand out as one of the most remarkable men of his generation and one of the biggest political men of our country.”
—William Howard Taft (1857–1930)
“The greatest honor history can bestow is that of peacemaker.”
—Richard M. Nixon (1913–1995)