On January 11, 2021, FBL Financial Group, Inc. announced that Farm Bureau Property & Casualty Insurance Company (FBPCIC) will purchase all outstanding shares of the Company stock that neither FBPCIC nor the Iowa Farm Bureau Federation already owns for $56.00 per share, delivering immediate value to the Company shareholders. The Company stated that this announcement will not change its commitment to protecting the livelihoods and futures of its client/members. the Company stated that the transaction is expected to close in the first half of 2021, subject to shareholder and regulatory approvals and other closing conditions. The most significant change upon closing of the transaction will be that the Company common stock will cease trading on the New York Stock Exchange. In addition, the Company stated that as a private company following closing, its organization will operate with the same focus on growing and strengthening its relationships with client/members and communities.