Mutual of Omaha

Updated on Dec 03, 2024

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Type Mutual company Number of employees 4,700		Industry Finance, Insurance

Key people James Blackledge, CEODaniel P. Neary, Chairman Products Life InsuranceMedicare Supplement InsuranceAnnuities and Retirement PlansLong-term care InsuranceHealth, Accident and Special CoveragesInvestment ProductsDisability InsuranceDental InsuranceVoluntary/Worksite ProductsSpecial Markets(2006) Revenue $7.2 billion USD (2015) Net income $333 million USD (2015) Headquarters Omaha, Nebraska, United States CEO James T. Blackledge (1 Apr 2015–) Founded 1909, Omaha, Nebraska, United States Chairperson Dan Neary (Ceo Of Mutual Of Omaha.) Subsidiaries Kirkpatrick Pettis Investment Management, Inc. Profiles LinkedIn Twitter Facebook Google+

Mutual of Omaha is a privately held Fortune 500 mutual insurance and financial services company based in Omaha, Nebraska. Originally founded in 1909 as Mutual Benefit Health & Accident Association, Mutual of Omaha is a full-service, multi-line organization providing insurance, banking, and financial products for individuals, businesses and groups throughout the United States.

The company provides a variety of health insurance options and product services, some of which include accident insurance, critical illness care coverage, dental insurance, and disability insurance.

Mutual of omaha whole life insurance policy my review

Subsidiaries

Mutual of Omaha has multiple subsidiaries including:

United of Omaha Life Insurance Company

Founded in 1926, this company provides life insurance, pension and annuity products for groups and individuals.

United World Life Insurance Company

Through direct marketing and independent agent networks, this company has offered health and accident coverage and specialty life plans since 1983.

Mutual of Omaha Investor Services, Inc.

Mutual funds are offered to individuals through the company’s agents and Retirement Plans brokers.

Omaha Financial Holdings, Inc.

Omaha Financial Holdings, Inc. (OFHI) is a holding company for Mutual of Omaha's banking operation.

East Campus Realty, LLC

East Campus Realty, LLC was established to develop Midtown Crossing at Turner Park, which is directly to the east of Mutual of Omaha's headquarters.

History

With Origins in Omaha, Nebraska, Harry S. Weller served as the company's first president from 1909-1932. Under his leadership, the company was granted license to provide insurance to 15 states in the United States of America. Before 1904 came to an end, Mutual of Omaha actively sold insurance policies in 48 states and two territories.

March 5, 1909 – Mutual Benefit Health and Accident Association filed articles of incorporation with the Nebraska Insurance Department.

1920 - Premium income exceeded $1 million for the year.

1924 – Mutual of Omaha ranked 8th in comparison to other insurance companies

1926 – The subsidiary, United Benefit Life Insurance Company, was founded

1941 – The company founded its Group Insurance department

1950 – Mutual Benefit Health & Accident Association changed its name to Mutual of Omaha Insurance Company

January 6, 1963 – Mutual of Omaha’s Wild Kingdom premiered on network television. The original show was hosted by hosts Marlin Perkins, Jim Fowler, and Peter Gros, and ran until 1988.

1981 – United Benefit Life Insurance Company became United of Omaha

2001 – The company revitalized its brand and began sponsoring USA Swimming

2002 – A new Wild Kingdom series premiered on Animal Planet

2007 – Omaha Financial Holdings, Inc. was created as the parent company of Mutual of Omaha’s banking initiatives

2009 - Mutual of Omaha celebrates their 100 year anniversary.

As of 2017, Mutual of Omaha holds the 367th rank on Fortune 500's top companies. Current CEO James T. Blackledge oversees the company, it's entirety, and 5,488 employees.

Recognition

2016 - Mutual of Omaha received an A+ rating from A.M. Best Company, Inc. for overall financial strength and ability to meet policy holder-related obligations.

2017 - Mutual of Omaha was ranked 5th of 18 large life insurance companies by NerdWallet.

References

Mutual of Omaha Wikipedia

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