JAMES E. HOHMANN 2012
RESTRICTED STOCK UNIT REPLACEMENT AGREEMENT

This Restricted Stock Unit replacement Agreement (the “Agreement”), dated as of
February15, 2012 (the “Grant Date”), by and between FBL Financial Group, Inc.,
an Iowa corporation (the “Company”) and James E. Hohmann (the
“Participant/Employee”) is entered into as follows:

WHEREAS, the Company has established the FBL Financial Group, Inc. Cash-Based
Restricted Stock Unit Plan (the “Plan”);

WHEREAS, pursuant to the Plan, the Management Development and Compensation
Committee of the Board of Directors of the Company (the “Committee”), has the
authority to award restricted stock units (“Units”) to certain Participants of
the Company;

WHEREAS, the Participant agreed to cancel a grant of Restricted Stock made by
the Company in 2011;

WHEREAS, the Committee has determined that the Participant should be awarded
Units to take the place of the cancelled grant of Restricted Stock;

NOW, THEREFORE, the Company and the Participant agree as follows:

1.    Grant of Units. Subject to the terms and conditions of this Agreement and
the Plan, the Company hereby credits to a separate account maintained on the
books of the Company (the “Participant Account”), Twenty-Seven Thousand
Forty-Three (27,043) Units. On any date, the value of each Unit shall equal the
Fair Market Value of one share of the Company's Class A Common Stock (the
“Stock”), as determined in accordance with the Plan.

2.    Vesting Schedule.

        2.1    Generally. The interest of the Participant in the Units shall
vest upon the satisfaction of the performance goals (the “Performance Goals”)
and the period of service (the “Service Goals”) as set forth on Exhibit 2.
2.2    Accelerated Vesting. If Participant's employment with the Company is
terminated before the Vesting Date by reason of death or Disability [as defined
in Section 409A(a)(2)(C) of the Internal Revenue Code of 1986, as amended or
restated from time to time (the “Code”)], the interest of the Participant in the
Units shall vest as to a prorata portion of the Units, as provided in Exhibit 2
attached hereto.

3.    Forfeiture. If the Participant's employment with the Company is
involuntarily terminated by the Company or voluntarily terminated by the
Participant, the balance of the Units subject to this Agreement that have not
vested at the time of the Participant's termination of employment shall be
forfeited by the Participant, subject to any exceptions provided in Exhibit 2.
4.    Form and Timing of Payment. As soon as reasonably practical after each
Vesting Date and in no case later than the end of the Participant's tax year in
which such Vesting Date occurred, the Company shall pay cash or cash equivalents
to the Participant in an amount equal to the Fair Market Value of the
Participant's Units that vested on such Vesting Date, provided, however:

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(a)the Company may further defer a payment to the extent allowed under Section
1.409A-2(b)(7) of the Treasury Regulations;
(b)the Company may accelerate a payment to the extent allowed under Section
1.409A-3(j)(4) of the Treasury Regulations; and
(c)that to the extent required by Section 409A(2)(B) of the Code, no payments
shall be made to any “specified employee” earlier than allowed by Section
409A(a)(2)(B) of the Code.

5.    Taxes. The Participant shall be liable for any and all taxes, including
withholding taxes, arising out of this grant of Units, the vesting or payment
thereof. The Participant acknowledges that the Company may have the obligation
to withhold taxes from the amounts paid to the Participant hereunder or
otherwise and agrees that the Company may do so as it, in its sole discretion,
determines is necessary to comply with its tax withholding obligations.
6.    Statutory Compliance.
6.1    Section 409A.     This Agreement and the Plan shall, to the extent
possible, be interpreted and operated in a manner to avoid the application of
Section 409A(a)(1) of the Internal Revenue Code of 1986, as amended or restated
from time to time (the “Code”). Notwithstanding anything in this Agreement or
the Plan to the contrary, the Committee shall be authorized to take any
unilateral action, including the amendment of this Agreement and the Plan, that
it reasonably deems necessary or desirable to avoid the application of or
noncompliance with Section 409A of the Code; provided, however, that neither the
Company, the Committee or any other officer, employee or agent shall have any
liability to a Participant with respect to any amount paid or payable by the
Participant by reason of the application or violation of Section 409A of the
Code.
6.2    Section 162(m). The terms of this Agreement and the Plan shall, to the
extent possible, be interpreted and operated in a manner that results in the
amounts paid hereunder to be designated as “Performance Based Compensation”
under Section 162(m)(4)(C) of the Code and the Treasury Regulations promulgated
thereunder (“Performance Based Compensation”). Without limiting the foregoing,
no amount shall be paid hereunder unless and until: (i) the Performance Goals
have been determined by the Committee in accordance with Section 162(m)(4)(C)(i)
of the Code, (ii) the material terms of the Performance Goals have been approved
by the Company's shareholders in accordance with Section 162(m)(4)(C)(ii) of the
Code, and (iii) except as may otherwise be allowed by Section 2.2, the Committee
has, in fact, certified the Performance Goals have been satisfied in accordance
with Section 162(m)(4)(C)(iii). Any discretion that the Committee has that is
inconsistent with the foregoing shall be null and void. Notwithstanding anything
in this Agreement or the Plan to the contrary, the Committee shall be authorized
to take any unilateral action, including the amendment of this Agreement and the
Plan, that it reasonably deems necessary or desirable to cause any amount
payable hereunder to qualify as Performance Based Compensation.
7.    Miscellaneous.
7.1    Restrictions on Transfer. The Units granted hereunder may not be sold,
transferred, pledged, assigned, or otherwise alienated or hypothecated.
7.2    Unfunded, Unsecured Promise. All amounts credited to the Participant's
Account under this Agreement shall for all purposes be a part of the general
assets of the Company. The Participant's interest in his or her Participant
Account shall only be that of a general, unsecured creditor of the Company.
7.3    No Stock Rights. The Participant acknowledges that the Units awarded
pursuant to this Agreement: (a) are not shares of Stock; (b) do not entitle the
Participant to acquire shares of Stock; and

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(c) do not provide the Participant with any of the rights granted to the holders
of Stock, including the rights to vote or to receive dividends or dividend
equivalents.
7.4    Change in Capitalization. The Participant acknowledges that the Committee
may, in accordance with the Plan, make certain adjustments to the Participant's
rights hereunder in connection with a Change of Capitalization, as that term is
defined in the Plan.
7.5    No Employment Rights. The Participant acknowledges and agrees that
nothing contained in this Agreement or the Plan shall be construed or deemed
under any circumstance to bind the Company to employ the Participant for any
particular period of time.
7.6    Clawback. The Participant acknowledges receipt of a copy of the Company's
Impact of Restatement of Financial Statements Upon Awards Policy (the “Clawback
Policy”) adopted by the Committee, Exhibit 1 hereto, and agrees that his/her
rights hereunder are subject to the terms and conditions of the Clawback Policy,
including future amendments thereto.
7.7    Further Actions. The Participant and the Company each agree to execute
such further instruments and to take such action as may reasonably be necessary
to carry out the intent of this Agreement.
7.8    Plan. The Company's grant of Units pursuant to this Agreement is subject
to the terms and conditions of the Plan. The Participant acknowledges receipt
and review of the Plan.
7.9    Merger. This Agreement constitutes the final agreement between the
Participant and the Company with respect to the subject matter hereof. No other
agreements, representations or understandings, whether oral or written, and
whether express or implied, which are not set forth in this Agreement or the
Plan have been made or entered into by either party with respect to the subject
matter herein.
7.10    Amendments. Except as otherwise provided herein or in the Plan, this
Agreement may be amended only by a written agreement that identifies itself as
an amendment to this Agreement and that is signed by the Participant and the
Company.
7.11    Waiver. Except as otherwise provided herein or in the Plan, this
Agreement may only be waived by a writing that is signed by the Participant and
the Company. A waiver made in accordance with this Section is effective only in
that instance and only for the specific purpose stated in such written waiver.
7.12    Choice of Law and Venue. This Agreement, and the application or
interpretation hereof, shall be governed exclusively by its terms and by the
laws of the State of Iowa, without regard to its choice of law provisions. This
Agreement shall be enforced in any federal or state court sitting in Polk
County, Iowa and each party to this Agreement hereby consents to the
jurisdiction and venue of such court and waives any and all arguments that it
may have relating to such matters. If any party commences any action arising
directly or indirectly from this Agreement in another jurisdiction or venue, the
other party to this Agreement may transfer the case to the above-described
jurisdiction and venue or, if such transfer cannot be accomplished, to have such
case dismissed without prejudice.

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IN WITNESS WHEREOF, the Company and the Participant have executed this
Agreement, which shall be effective as of the Grant Date.

FBL FINANCIAL GROUP, INC.
/s/ CRAIG D. HILL
                                                
By: Craig D. Hill
Its: Chairman                                        

PARTICIPANT:

/S/ JAMES E. HOHMANN
                                                
By: James E. Hohmann            

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EXHIBIT 1

CLAWBACK POLICY

Policy: Impact of Restatement of Financial Statements Upon Awards.

If any of the Company's financial statements are restated because of errors,
omissions or fraud, the Committee may (in its sole discretion, but acting in
good faith) direct that the Company recover all or a portion of awards of
bonuses, and grants of options and restricted stock options (together, “awards”)
with respect to any fiscal year of the Company the financial results of which
are negatively affected by such restatement. Recoveries may be made from all
officers in the Section 16 reporting group regardless of fault, and from any
other persons whom the Committee believes were involved in misconduct causing
the required restatement (together, “Participants”). Misconduct involves more
than mere negligent job performance. The amount to be recovered from the
Participant shall be the amount by which awards exceeded the amount that would
have been payable to the Participant had the financial statements been initially
filed as restated, or any greater or lesser amount (including, but not limited
to, the entire award) that the Committee shall determine. The Committee shall
determine whether the Company shall effect any such recovery (i) by seeking
repayment from the Participant, (ii) by reducing (subject to applicable law and
the terms and conditions of the applicable plan, program or arrangement) the
amount that would otherwise be payable to the Participant under any compensatory
plan, program or arrangement maintained by the Company or any of its affiliates,
(iii) by withholding payment of future increases in compensation (including the
payment of any discretionary bonus amount) or grants of compensatory awards that
would otherwise have been made in accordance with the Company's otherwise
applicable compensation practices, or (iv) by any combination of the foregoing.
Provisions reflecting this policy shall be placed in all award grant instruments
delivered to Participants.
EXHIBIT 2 TO 2012 RESTRICTED STOCK UNIT REPLACEMENT AGREEMENT BETWEEN FBL
FINANCIAL GROUP, INC. AND JAMES E. HOHMANN
Restricted Stock Units. Employee hereby accepts the award of Restricted Stock
Units when issued and agrees with respect thereto that the award will vest only
to the extent of the Units earned by meeting Performance Goals, and then only to
the extent Service Goals are satisfied, as follows:
A. PERFORMANCE GOALS
(i)    Certification Date:
The “Certification Date” of the Units is the date the Committee certifies the
extent to which the performance goals after one year of performance have been
attained, which certification shall be made no later than March 1, 2013.
(ii)    Restricted Stock Unit Earnings Per Share (RSUEPS):
RSUEPS means Operating Income as defined in the Accounting Policy for
Determination of Operating Income that is currently in effect (last approved by
the Audit Committee on May 19, 2009) per diluted weighted-average common share
for the year ended December 31, 2012.
(iii)    Performance Goals
Performance parameters of the Restricted Stock Unit Award are:
RSUEPS goal:            $1.70
(iv)
Percentage of Number of Restricted Stock Units Available to Vest Pursuant to
RSUEPS Goals

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If RSUEPS equals or exceeds the RSUEPS goal:    100 %
If RSUEPS is less than the RSUEPS goal:          0 %

B. SERVICE GOALS
(i)     Each date on which one or more of the Participant's Unit's vests shall
be deemed a “Vesting Date.”
(ii)    All Units certified as earned pursuant to the Performance Goal shall
fully vest on February 15, 2014 (the “Vesting Date”), subject to the Participant
continuing employment with the Company through that date (the “Service Goal”),
and subject to the provisions of Section B(iii) below.

(iii)    Effect of Separation from Service:
Notwithstanding the foregoing:
(A) On the occurrence of both a Change in Control (as defined below) and
Employee's Separation from Service (as defined in Section 409A(2)(A)(i) of the
Code) before the Vesting Date by the Company other than for Cause (as defined
below) or by the Employee for Good Reason (as defined below), one-third of the
Restricted Stock Units shall immediately vest, with the remaining two-thirds
vesting immediately on a prorata basis, where the prorata ratio shall be
measured as the total number of months elapsed from the date of this Agreement
to the date of the Change in Control and Separation from Service other than for
Cause or by the Employee for Good Reason, as compared to 24 (twenty-four)
months.
(B) If Employee's Separation from Service with the Company before the Vesting
Date is by reason of death or Disability (as defined in Section 409A(a)(2)(C) of
the Code) one-third of the Restricted Stock Units shall immediately vest, with
the remaining two-thirds vesting immediately on a prorata basis, where the
prorata ratio shall be measured as the total number of months elapsed from the
date of this Agreement to the date of the Change in Control and Separation from
Service other than for Cause or by the Employee for Good Reason, as compared to
24 (twenty-four) months.
(C)    Additional Definitions-.
(i)    “Change in Control” means one of the following events:

(1)     any “person” (as defined in Sections 13(d) and 14(d) of the
Exchange Act), other than the Company, any trustee or other fiduciary holding
securities under an employee benefit plan of the Company or any Subsidiary, or
any corporation owned, directly or indirectly, by the stockholders of the
Company, in substantially the same proportions as their ownership of stock of
the Company, acquires “beneficial ownership” (as defined in rule 13d-3 under the
Exchange Act) of securities representing 50% of the combined voting power of the
Company; or

(2)    during any period of not more than two consecutive years,
individuals who at the beginning of such period constitute the Board and any new
directors (other than any director designated by a person who has entered into
an agreement with the company to effect a transaction described in subsections
(C)(i)(1), (C)(i)(3), or (C)(i)(4) of this Exhibit 2) whose election by the
Board or nomination for election by the Company's stockholders was approved by a
vote of at least two-thirds (2/3) of the directors then still in office who
either were directors at the beginning of the period or whose election or

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nomination for election was previously so approved, cease for any reason to
constitute a majority thereof; or

(3)    a merger approved by the stockholders of the Company is consummated,
other than (A) a merger that would result in the voting securities of the
Company outstanding immediately prior thereto continuing to represent (either by
remaining outstanding or by being converted into voting securities of the
surviving entity), in combination with the ownership of any trustee or other
fiduciary holding securities under an employee benefit plan of the Company or
any Subsidiary, at least 50% of the combined voting power of all classes of
stock of the Company or such surviving entity outstanding immediately after such
merger or (B) a merger effected to implement a recapitalization of the Company
(or similar transaction) in which no person acquires more than 50% of the
combined voting power of the Company's then outstanding securities; or

(4)    the stockholders of the Company approve a plan of complete liquidation of
the Company or a sale of all or substantially all of the assets of the Company.

(ii) Good Reason.     “Good Reason” means one or more of the following
conditions arising without the consent of the Employee:
(1)
A material diminution in the Employee's authority, duties, or responsibilities
of the Employee;

(2)
A material diminution in the Employee's base compensation;

(3)
A material diminution in the authority, duties, or responsibilities of the
corporate officer or employee to whom the Employee is required to report,
including a requirement that the Employee report to a corporate officer or
employee instead of reporting directly to the Board;

(4)
A material diminution in the budget over which the Employee retains authority;

(5)
A material change in the geographic location at which the Employee must perform
the services Employee provides to the Company; or

(6)
Any other action or inaction that constitutes a material breach by the Company
of any agreement under which the Employee provides services.

(ii) Cause. “Cause” means:
(1)    the Employee's willful and continued failure to substantially perform the
Employee's duties with the Company or its Affiliates (other than any such
failure resulting from the Employee's incapacity due to physical or mental
illness), after a written demand for substantial performance is delivered to the
Employee by the Company which specifically identifies the manner in which the
Company believes that the Employee has not substantially performed his or her
duties;
(2)    the final conviction of the Employee of, or an entering of a guilty plea
or a plea of no contest by the Employee to, a felony; or
(3)    the willful engaging by the Employee in illegal conduct or gross
misconduct which is materially and demonstrably injurious to the Company.

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For purposes of this definition, no act or failure to act on the part of the
Employee shall be considered “willful” unless it is done, or omitted to be done,
by the Employee in bad faith or without a reasonable belief that the action or
omission was in the best interests of the Company or its Affiliates. Any act, or
failure to act, based on authority given pursuant to a resolution duly adopted
by the Board, the instructions of a more senior officer of the Company or the
advice of counsel to the Company or its Affiliates will be conclusively presumed
to be done, or omitted to be done, by the Employee in good faith and in the best
interests of the Company and its Affiliates.