FBL Financial Group Inc. announced that its board of directors has declared a quarterly cash dividend of USD 0.50 per share. The dividend will be payable on March 31, 2020 to class A and class B common stockholders of record as of March 16, 2020. The dividend represents an increase of 4.2% over the prior quarterly dividend of USD 0.48 per share paid in December 2019.

In addition, the company's board of directors has declared a special cash dividend of USD 1.50 per share. The dividend will be payable on March 31, 2020 to class A and class B common stockholders of record as of March 16, 2020.

Further, the company has appointed Bryan L. Searle as a class B director to its board of directors, effective February 26, 2020. Having been elected as president of the Idaho Farm Bureau Federation in 2015, Searle has served on the board of directors of Farm Bureau Life Insurance Company, a subsidiary of FBL Financial Group, since 2016. Searle has also served as a director on the Idaho Farm Bureau Federation State Board from 1991 to 2015.