FBL Financial Group Inc. on Thursday reported net income for the second quarter of $28.6 million, or $1.14 per share, compared with $29.6 million, or $1.13 per share, for the second quarter of 2013. "These results build on the strong financial results in the first quarter and reflect positive momentum from serving the needs of the Farm Bureau niche market," CEO James Brannen said in a release. Premiums collected in the second quarter of 2014 totaled $176.3 million, compared with $165.6 million in the second quarter of 2013. Annuity premiums collected increased 36 percent, while life insurance premiums collected decreased 13 percent. In the second quarter, the West Des Moines-based insurer recognized net realized gains on investments of $2.8 million, attributable to gains on sales.