Farm Bureau Property & Casualty Insurance Company, an insurance provider, offered to acquire the remaining 40% stake in FBL Financial Group, a financial services holding company, for $575m. "We believe that our proposal represents an attractive opportunity for FFG’s public shareholders to receive a meaningful premium to the company’s current and recent share prices, and an attractive opportunity for FFG to capture meaningful cost savings through going private. Once the special committee has been formed, we welcome the opportunity to discuss our proposal with the special committee and its advisors," FBPCIC. On 15 April, 2021: FBL Financial Group received an insurance regulatory clearance for proposed transaction with Farm Bureau Property & Casualty Insurance. On May 21, 2021; FBL Financial Group shareholders approve the $575m acquisition by FBPCIC.