BNET Industries

Last Fiscal Year Sales:$460.2M
  • Private
  • US
Dow Jones Description

Insurance Agents; Brokers & Service

Controller
Jim Brannon
Number of Employees 1,200
Contact Information

5400 University Ave

West Des Moines, Iowa 50266

www.fbfs.com

(515) 225-5400

NAICS Code Insurance Agencies and Brokerages: 524210

News & Analysis

farm bureau mutual insurance co. - All News and Analysis

Decision Makers

Name (plus bio) Position
Jim Brannon Controller
Bruce Trost
Craig A. Lang Director
Frank Priestley Director

Board of Directors

Name (plus bio) Position
Steve Baccus Chairman of the Board of Directors

Organization Position Status
Farm Bureau Mutual Insurance Co. Controller Current

Bruce Trost, Executive Vice President of FBL Financial Group, is responsible for Farm Bureau Mutual Insurance Company and Western Agricultural Insurance Company, which are the property-casualty companies managed by FBL. Trost joined FBL in 2004 and has more than 28 years of experience in the Farm Bureau insurance network. Prior to FBL Trost was the Executive Vice President and Chief Executive Officer of Nodak Mutual Insurance Company, Fargo, North Dakota. Trost began his Farm Bureau insurance career in 1976 as a claims representative for COUNTRY Insurance Company in Illinois. He held various positions within the property casualty companies and was the Illinois State Claims Manager before joining United Farm Family Mutual Insurance Company in 1994 as Vice President of Claims. In 1996, he was named Senior Vice President of the property casualty companies at United Farm Family. Trost returned to COUNTRY Insurance in 1999, where he was Vice President of the property-casualty companies until he assumed the position with Nodak Mutual Insurance Company. Trost holds a bachelor's degree in business from Southern Illinois University. He also completed various insurance and advanced management courses through Wharton School of Business, Drake University, IBM and American Educational Institute, where he received a Senior Claims Law Associate designation. Trost is involved in various industry activities including boards and committees of the Property Loss Research Bureau, Liability Research Institute, Institute for Business and Home Safety, Insurance Institute for Highway Safety, Property Casualty Insurance Association and American Agricultural Insurance Company.

Organization Position Status
FBL Financial Group, Inc. Executive Vice President Current
Farm Bureau Mutual Insurance Co. Current
Nodak Mutual Insurance Company Chief Executive Officer Former
Nodak Mutual Insurance Company Executive Vice President Former
Nodak Mutual Insurance Company Vice President of the Propertycasualty Companies Former
Southern Illinois University Bachelor's Degree In Business Former

Organization Position Status
Kfb AG President Current
Wesleyan University Current
Farm Bureau Mutual Insurance Co. Chairman of the Board of Directors Current
Western Ag Director Current
FB Bancorp Director Current
The First United Methodist Church Board of Directors Current
American Farm Bureau Federation Board of Directors Current
Kfb AG Board of Directors Current
FBL Financial Group, Inc. Board of Directors Current
Kf&B Former
Washburn University Masters Degrees In Psychology Former
Chapman College Master's of Psychology Degree Former
Washburn University Bachelor's of Psychology Degree Former
American Farm Bureau Federation Member Former

Craig A. Lang is the Chairman of the Board, and chair of the Executive Committee. He has been a director of the Iowa Farm Bureau Federation since 1992 and was its Vice President for six years beginning in 1995. He has been a director of Farm Bureau Mutual Insurance Company and Farm Bureau Life Insurance Company since 1993. In December 2001 he was elected President of the Iowa Farm Bureau Federation and director and President of its subsidiary, Farm Bureau Management Corporation. He was also then named President of Farm Bureau Life Insurance Company and Farm Bureau Mutual Insurance Company (until 2003), a director and president of EquiTrust Life Insurance Company and a director of Western Agricultural Insurance Company. In 2003 Mr. Lang was elected to the Board of Directors of the American Farm Bureau Federation. He is also a director of FB BanCorp. He served as the Iowa governor's appointed chairman of the Grow Iowa Values Fund, within the Iowa Department of Economic Development, in 2003 and 2004. Mr. Lang has farmed since 1973 in partnership with his father and brother on 1,000 acres near Brooklyn, Iowa where they have a 400 head dairy operation.

Organization Position Status
Farm Bureau Life Insurance Company President Current
The Regents Board of Directors Current
American Farm Bureau Federation Board of Directors Current
Farm Bureau Mutual Insurance Co. Director Current
Farm Bureau Life Insurance Company Director Current
Iowa Telecommunications Services, Inc. Board of Directors Current
FB Bancorp Director Current
EquiTrust Life Insurance Co. Director and President Former
FBL Financial Group, Inc. Chairman Current
The Management Office - FBL Financial Group Chairman Former
Growmark, Inc. Board of Directors Former

Organization Position Status
Farm Bureau Mutual Insurance Company of Idaho, Inc. President Current
Farm Bureau Finance Company Inc. Director Current
Farm Bureau Life Insurance Company Director Current
FBL Financial Group, Inc. Board of Directors Current
Farm Bureau Mutual Insurance Co. Director Current
FB Bancorp Director Current
Farm Bureau Finance Company Inc. President Former
University of Nottingham non-executive director Former
Price Waterhouse & Co. chartered accountant Former
advertisement
advertisement