{
  "docId": "019f6b8e-d7d1-730b-b8f1-27a44a8f1b63",
  "docSlug": "jarvis-1-ibd-presentation-2021-fbl-financial-group-inc-barclays-capital",
  "documentTitle": "1 IBD presentation 2021 Fbl Financial Group Inc Barclays Capital",
  "authorId": "1-ibd-presentation-2021-fbl-financial-group-inc-barclays-capital",
  "authorName": null,
  "documentKindSlug": "deck",
  "documentKindLabel": "Deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2021-01-01 00:00:00",
  "orientation": null,
  "aspectRatio": null,
  "pageNumber": 21,
  "pageCount": 44,
  "prevPage": 20,
  "nextPage": 22,
  "slideType": "appendix_disclosure",
  "function": "cite_precedent",
  "density": "overcrowded",
  "nDataPoints": 1,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019f6b8e-d7d1-730b-b8f1-27a44a8f1b63/21",
  "deckHref": "/decks/019f6b8e-d7d1-730b-b8f1-27a44a8f1b63",
  "deckJsonHref": "/decks/019f6b8e-d7d1-730b-b8f1-27a44a8f1b63.json",
  "deckAnchorHref": "/decks/019f6b8e-d7d1-730b-b8f1-27a44a8f1b63#slide-21",
  "components": [
    {
      "bbox": {
        "h": 0.035,
        "w": 0.864,
        "x": 0.068,
        "y": 0.485
      },
      "kind": "list",
      "text": "To capture the value that is not attributable to FBL Financial's life insurance and annuity businesses, Barclays made topside adjustments to Milliman's appraisal which are detailed on page 14",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4875a2ba-d92f-4624-b515-2760ecde763f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.022,
        "w": 0.505,
        "x": 0.093,
        "y": 0.288
      },
      "kind": "list",
      "text": "Milliman's present values represent valuations as of September 30, 2020",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "59abe8bd-090c-4849-b06e-336940364c2d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.055,
        "w": 0.864,
        "x": 0.068,
        "y": 0.188
      },
      "kind": "list",
      "text": "Milliman, Inc. (\"Milliman\") was hired by the Special Committee to prepare an independent actuarial appraisal to establish the present value of the projected statutory earnings arising from the life insurance and annuity businesses of FBL Financial and its subsidiaries",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8cdf5be9-3bec-419d-81a7-4f53c3b6ce2a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.022,
        "w": 0.455,
        "x": 0.093,
        "y": 0.335
      },
      "kind": "list",
      "text": "Milliman's valuation range is based on a 7% – 10% discount rate",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "99997d5f-f644-4ac7-b404-517f731e51f8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.035,
        "w": 0.864,
        "x": 0.068,
        "y": 0.415
      },
      "kind": "list",
      "text": "At the request of the Special Committee, we used information contained in Milliman's appraisal and did not independently verify it",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a33d8102-7123-4b7d-9a0e-ba2b28fea0ea",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.035,
        "w": 0.315,
        "x": 0.068,
        "y": 0.088
      },
      "kind": "title",
      "text": "Milliman Appraisal Overview",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "817ca1fe-4944-4e46-b4ac-2c345e573dad",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 23,
      "from": 9,
      "beatId": "4b29cc36-1092-4c4c-8ea5-84ce8a1ba26d",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Evidence & Proof",
      "beatSlug": "consultants-gambit-evidence-proof",
      "evidence": "Valuation analysis and supporting data",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}