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F&G’s financial institutions channel surpasses $1B in sales in less than a year

BY BUSINESS RECORD STAFF

Monday, May 10, 2021 3:11 PM
United Fire Group reports first-quarter earnings

Wednesday, May 5, 2021 12:06 PM

Cedar Rapids-based United Fire Group Inc. reported consolidated net income, including net realized investment gains and changes in the fair value of equity securities, of $18.7 million, or 74 cents per share, for the quarter ended March 31.
Centivo partners with MercyOne to offer coverage option for self-funded employers

Tuesday, May 4, 2021 2:59 PM

Centivo, a new virtual accountable care organization health plan targeting self-funded employers, announced it will enter the Iowa market through a partnership with MercyOne health system.
D.M.’s Abel is likely to be Warren Buffett’s successor at Berkshire Hathaway

Monday, May 3, 2021 3:28 PM

For years, perhaps the biggest question that Warren Buffett has faced is who is in line to replace him as chief executive of Berkshire Hathaway, the conglomerate he built into a $631 billion colossus over more than 50 years.
FBL Financial swings into the black following year-ago net loss

Monday, May 3, 2021 3:27 PM

FBL Financial Group Inc. on Monday reported first-quarter net income of $27.7 million, or $1.13 per diluted common share, compared with a net loss of $2.5 million, or 10 cents per diluted common share, for the first quarter of 2020.
Lawsuit ‘pierces corporate veil’ of John Krohn’s investment companies

BY JOE GARDYASZ

Monday, May 3, 2021 12:27 PM

Spotlight Innovation, a startup pharmaceutical technology investment firm controlled by two Iowa businessmen — along with several other enterprises launched by the partners over the past several years — is part of a “mere sham” being used to defraud investors in those companies, a former business associate alleges in a lawsuit in Polk County District Court.
Lawsuit ‘pierces corporate veil’ of John Krohn’s investment companies

BY JOE GARDYASZ

Monday, May 3, 2021 12:24 PM

Spotlight Innovation, a startup pharmaceutical technology investment firm controlled by two Iowa businessmen — along with several other enterprises launched by the partners over the past several years — is part of a “mere sham” being used to defraud investors in those companies, a former business associate alleges in a lawsuit in Polk County District Court.
FBL, Farm Bureau P&C sweeten merger deal to $61 per share

Monday, May 3, 2021 11:06 AM

Farm Bureau Property & Casualty Insurance Co. and FBL Financial Group, Inc. today announced that they have agreed to amend their previously announced definitive merger agreement, sweetening the deal for unaffiliated shareholders by another $47 million.
FBL Financial extends contested merger vote to May 21

BY BUSINESS RECORD STAFF

Thursday, April 29, 2021 11:06 AM

Shareholders of FBL Financial Group Inc. will have about another three weeks to consider how to vote on a merger proposal to take the company private.
Principal records strong first quarter, raises dividend

Wednesday, April 28, 2021 11:13 AM

Principal Financial Group reported a jump in first-quarter net income, to $517.1 million from $288.9 million a year ago.
FBL Financial receives FINRA approval for proposed merger transaction

Tuesday, April 27, 2021 3:03 PM

FBL Financial Group Inc. announced today that it has received the necessary approvals from the Financial Industry Regulatory Authority for its proposed merger transaction with Farm Bureau Property & Casualty Insurance Co., which if approved by shareholders will take the now publicly traded company private.
Wheels begin turning in $2.7B Blue Cross Blue Shield antitrust settlement process

BY JOE GARDYASZ

Tuesday, April 27, 2021 3:02 PM

Millions of Blue Cross Blue Shield members across the country, including present and past Wellmark policyholders in Iowa over the past 12 years, may be entitled to a stake in a $2.7 billion antitrust settlement that was reached by 35 Blues companies and the Blue Cross Blue Shield Association last fall.
NOTEBOOK - ONE GOOD READ: In this lawsuit, the right hand is suing the left

BY JOE GARDYASZ

Thursday, April 22, 2021 11:00 AM

An investment journal that I follow just published an interesting story about an ironic twist embodied in a lawsuit involving an annuity company that bases much of its operations in Des Moines.
Stocks up in March; majority of Iowa companies positive

BY JOHN RETZLAFF

Tuesday, April 13, 2021 2:59 PM

Fourteen of the 18 Iowa-based companies on the Business Record's Iowa Index posted stock price gains for the month of March.
Athene releases 2020 corporate social responsibility report

BY BUSINESS RECORD STAFF

Monday, April 12, 2021 10:55 AM

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Wheels begin turning in $2.7B Blue Cross Blue Shield antitrust settlement process

NOTABLE TRANSACTIONS: Out-of-state group buys four Des Moines apartment properties

Sellers to return as United Way of Central Iowa president

Iowa Females You Should Know: Jo Eckert

Amazon expanding Des Moines-area presence

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