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  "documentTitle": "1 IBD presentation 2021 Fbl Financial Group Inc Barclays Capital",
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      "text": "Recent positive news in COVID-19 vaccine development and stronger 3Q '20 earnings have acted as a catalyst for the sector, with valuations recovering from 2020 lows. Credit concerns have not materialized as expected. Equity market volatility has broadly subsided.",
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      "text": "However, the life and annuity sector continues to face multiple headwinds: Macroeconomic and geopolitical uncertainty, 'low-for-long' rate environment, and perception of challenges for financial institutions.",
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      "text": "Performance Since Initial Offer Date: Protection 20.6%, Annuity 25.8%",
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