Exhibit 99.1

FBL Financial Group to Present at Citigroup Financial Services Conference

    WEST DES MOINES, Iowa--(BUSINESS WIRE)--Jan. 24, 2006--FBL
Financial Group, Inc. (NYSE:FFG) today announced that Chief Financial
Officer Jim Noyce and Vice President-Finance Jim Brannen will be
presenting at the Citigroup Financial Services Conference at 2:00 p.m.
ET on Tuesday, January 31, 2006 in New York, NY. The presentation will
provide an overview of FBL Financial Group's growth strategies and
financial results. Investors may access a webcast of the Citigroup
Conference presentation on FBL's website at www.fblfinancial.com.
    Comments made at this conference will include mention of FBL's
earnings guidance. For 2005 FBL expects to exceed its already upwardly
revised full year 2005 net income and operating income guidance of
$2.15 to $2.25 per share. For 2006 FBL expects full year net income
and operating income to be within a range of $2.40 to $2.50 per common
share.

    Certain statements made during this presentation may be
forward-looking statements that involve certain risks and
uncertainties. The risks and uncertainties that could cause actual
results to differ materially are detailed in FBL's reports filed with
the Securities and Exchange Commission.

    FBL Financial Group (www.fblfinancial.com) is a holding company
whose primary operating subsidiaries are Farm Bureau Life Insurance
Company and EquiTrust Life Insurance Company. FBL underwrites, markets
and distributes life insurance, annuities and mutual funds to
individuals and small businesses. In addition, FBL manages all aspects
of three Farm Bureau affiliated property-casualty insurance companies
for a management fee. FBL's three-pronged growth strategy includes (1)
growth through its traditional Farm Bureau Life distribution channel,
(2) growth in EquiTrust Life through independent and other
distribution channels and (3) acquisitions or consolidations.

    CONTACT: FBL Financial Group, Inc., West Des Moines
             Investor Relations:
             Kathleen Till Stange, 515-226-6780
             Kathleen.TillStange@FBLFinancial.com