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Farm Bureau Property & Casualty Insurance Company Proposes to Acquire Public Minority Stake in FBL Financial Group for $47.00 Per Share in Cash

WEST DES MOINES, Iowa--(BUSINESS WIRE)--Farm Bureau Property & Casualty Insurance Company (FBPCIC) announced today that it has proposed to acquire all of the outstanding shares of Class A common stock and Class B common stock of FBL Financial Group, Inc. (NYSE: FFG) that are not currently owned by it or the Iowa Farm Bureau Federation (IFBF) at a purchase price of $47.00 per share in cash.