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FBL Financial Group Declares Regular Quarterly Dividend

WEST DES MOINES, Iowa, Aug 16, 2004 (BUSINESS WIRE) -- FBL Financial Group, Inc. (NYSE:FFG) today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share to owners of Class A and Class B common stock.

The dividend will be payable on September 30, 2004 to shareholders of record as of September 15, 2004. There are 27,468,034 shares of Class A common stock and 1,192,990 shares of Class B common stock, for a total of 28,661,024 shares outstanding.

FBL Financial Group (www.fblfinancial.com) is a holding company whose primary operating subsidiaries are Farm Bureau Life Insurance Company and EquiTrust Life Insurance Company. FBL underwrites, markets and distributes life insurance, annuities and mutual funds to individuals and small businesses. In addition, FBL manages all aspects of three Farm Bureau affiliated property-casualty insurance companies for a management fee. FBL's three-pronged growth strategy includes (1) internal growth within its traditional Farm Bureau distribution network, (2) alliances and other distribution channels and (3) consolidations.

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SOURCE: FBL Financial Group, Inc.

FBL Financial Group, Inc., West Des Moines
Jim Noyce, 515-225-5599
jnoyce@fbfs.com
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