FBL Financial Group Inc. on Thursday reported first-quarter net income of $23 million, or 91 cents per share, compared with $25 million, or 96 cents per share, for the first quarter of 2013. Operating income for the first quarter of 2014 was $23.1 million, the same as the previous year's first quarter, reflecting "strong underlying results from our life insurance and annuity segments, as well as a benefit from recent capital transactions," the West Des Moines-based parent company of Farm Bureau Life Insurance Co. said in a release. Premiums collected in the first quarter of 2014 totaled $178.7 million, compared with $175.5 million in the first quarter of 2013. Life insurance premiums collected decreased 5 percent, while annuity premiums collected increased 9 percent. FBL increased its shareholder dividend to 35 cents per share in the first quarter.