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  "documentTitle": "1 IBD presentation 2021 Fbl Financial Group Inc Barclays Capital",
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  "presentationDate": "2021-01-01 00:00:00",
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  "notes": "The slide uses a waterfall-style bridge calculation to adjust actuarial value for various business segments and holding company assets/liabilities.",
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      "text": "Milliman's appraisal derives a consolidated value for FBL's insurance operations in Farm Bureau Life Insurance Company and Greensfields Life Insurance Company\nMilliman's valuation does not include value attributable to FBL businesses that do not reside in its two insurance operating entities\nThe bridge below provides a walk to the total valuation for FBL Financial Group from Milliman's appraisal",
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      "text": "Source: Company filings. 1. Per Milliman Report dated December 31, 2020... 8. Per share data based on fully diluted share count as of January 7, 2021.",
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      "text": "Valuation bridge table with discount rates 7%, 8%, 9%, 10% and various line items including Total Actuarial Value, Topside Adjustments, and Total Value per Share.",
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      "text": "Appraisal Valuation Bridge",
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