FBL Financial Group Inc.'s Board of Directors has declared a quarterly cash dividend of $0.40 per share, payable on March 31, 2015 to Class A and Class B common stockholders of record as of March 16, 2015. This represents a 14% increase from the prior quarterly dividend of $0.35 per share paid in December 2014, and reflects an annual indicated dividend rate of $1.60 per share. Board of Directors has declared a special cash dividend of $2.00 per share, payable on March 26, 2015 to Class A and Class B common stockholders of record as of March 16, 2015. The total amount of the special cash dividend payment is estimated to be approximately $49 million.

Richard Felts has been named to company Board of Directors as a Class B Director, effective March 5, 2015. Felts is President of the Kansas Farm Bureau. Felts was elected to the Kansas Farm Bureau Board in 2001 and prior to becoming President, served as Vice President of the Kansas Farm Bureau from 2011 to 2014.