Girish Mahajan (Editor)

Mutual of Omaha

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Type
  
Mutual company

Number of employees
  
4,700

Industry
  
Finance, Insurance

Mutual of Omaha httpslh3googleusercontentcomMZyQiupVYtIAAA

Key people
  
James Blackledge, CEO Daniel P. Neary, Chairman

Products
  
Life Insurance Medicare Supplement Insurance Annuities and Retirement Plans Long-term care Insurance Health, Accident and Special Coverages Investment Products Disability Insurance Dental Insurance Voluntary/Worksite Products Special 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

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.

Contents

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