Exhibit 99.1

FBL Financial Group to Present at Raymond James Institutional Investors
Conference

     WEST DES MOINES, Iowa--(BUSINESS WIRE)--Feb. 26, 2007--FBL Financial Group,
Inc. (NYSE:FFG) today announced that Chief Executive Officer Jim Noyce and Chief
Financial Officer Jim Brannen will be presenting at the Raymond James 28th
Annual Institutional Investors Conference at 1:05 p.m. ET on Monday, March 5,
2007 in Orlando, FL. The presentation will provide an overview of FBL Financial
Group's growth strategies and financial results. Investors may access a webcast
of the Raymond James Institutional Investors Conference presentation on FBL's
website at www.fblfinancial.com.

     Comments made at this conference will include mention of FBL's earnings
guidance. FBL expects 2007 full year net income and operating income to be
within a range of $2.80 to $2.95 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 and include
interest rate changes, competitive factors, volatility of financial markets, the
ability to attract and retain sales agents and a decrease in ratings. These
forward-looking statements are based on assumptions which FBL Financial Group
believes to be reasonable. No assurance can be given that the assumptions will
prove to be correct.

     FBL Financial Group 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. For more information, please visit www.fblfinancial.com.

     FFG-1


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