| Ticker: FFG | 5400 University Avenue | |
| Exchange: New York Stock Exchange | West Des Moines, Iowa 50266 | |
| Industry: Financial | (515) 225-5410 |
| Type of Shares: | Class A Common Shares | Filing Date: | 5/2/96 | |
| U.S. Shares: | 4,000,000 | Offer Date: | 7/19/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $17.50 - $19.50 | |
| Primary Shares: | 0 | Offer Price: | $17.50 | |
| Secondary Shares: | 4,000,000 | Gross Spread: | $1.23 | |
| Offering Amount: | $74,000,000 | Selling: | $0.70 | |
| Expenses: | $709,600 | Reallowance: | $0.10 | |
| Shares Out After: | 18,859,800 |
| Manager | Tier | Phone |
| Alex. Brown & Sons Incorporated | Lead Manager | (410) 727-1700 |
| Everen Securities, Inc. | Co-manager | (312) 574-6000 |
| Smith Barney Inc. | Co-manager | (718) 921-8473 |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $405.99 | $93.32 | $92.59 | Assets: | $3,120.17 |
| Net Income: | $59.63 | $10.89 | $9.04 | Liabilities: | $2,564.15 |
| EPS: | $2.53 | $0.46 | $0.39 | Equity: | $556.02 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company through its subsidiaries underwrites, markets and distributes life insurance, annuities, property-casualty insurance and mutual funds to individuals and small businesses in 15 midwestern and western states. The company has exclusive marketing arrangements with the state Farm Bureau Federations in its territory and targets sales to approximately 700,000 Farm Bureau member families and other rural, small town and suburban residents through an exclusive agency force. Through acquisitions of Rural Security Life Insurance Company in 1993 and Western Life in 1994, the company expanded its operations to 15 states, including Wisconsin and the eight-state Western Life area. Prior to 1993 the company operated only in Iowa, Nebraska, Minnesota, South Dakota and Utah, and in Kansas sold mutual funds only. All of the state Farm Bureau Federations in the company's marketing area are associated with the American FArm Bureau Federation. With approximately 4.6 million member families in all 50 states, the American Farm Bureau Federation is the largest grass roots farm and ranch organization in the United States. |
| Use of Proceeds |
| The proceeds from the proposed offering will be distributed to the selling shareholders. |
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