Mutual of Omaha is a privately held Fortune 500 mutual insurance and financial services company based in Omaha, Nebraska. Founded in 1909 as Mutual Benefit Health & Accident Association, Mutual of Omaha is a 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.
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 â€" 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 â€" Mutual of Omaha ranked 8th in comparison to other insurance companies
- 1926 â€" The subsidiary, United Benefit Life Insurance Company, was founded
- 1941 â€" The company founded its Group Insurance department
- 1950 â€" Mutual Benefit Health & Accident Association changed its name to Mutual of Omaha Insurance Company
- January 6, 1963 â€" 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 â€" United Benefit Life Insurance Company became United of Omaha
- 2001 â€" The company revitalized its brand and began sponsoring USA Swimming
- 2002 â€" A new Wild Kingdom series premiered on Animal Planet
- 2007 â€" 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, its entirety, and 5,488 employees.
Company Governance
Chief Executive Officer
Chairman of the Board
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.
External Sponsorships
Wild Kingdom - In 1963, Mutual of Omaha introduced the wildlife television program, Mutual of Omaha's Wild Kingdom. The original show ran from 1963 to 1988, and was revitalized in 2002 with a new series on Animal Planet.
USA Swimming - Mutual of Omaha is the official sponsor of USA Swimming. Mutual of Omaha BREAKOUT! Swim Clinics tour the USA as one-day event and include guest presenters, such as Olympian Josh Davis.
Golf - Mutual of Omaha sponsors 11 PGA Tour golfers, including Jason Bohn, Bud Cauley, Roberto Castro, Fred Funk, Russell Knox, Ryan Moore, Ian Poulter, Henrik Stenson, Carl Pettersson and Kevin Streelman.
Auto Racing - Mutual of Omaha is an associate sponsor of Andretti Autosport and driver Marco Andretti on the IndyCar circuit.
Logo
The company uses an "Indian Head" logo (a human head wearing a war bonnet) and has had the item trademarked since 1952.
See also
- Midtown Omaha
- Economy of Omaha, Nebraska
- Mutual of Omaha Building
References
External links
- Official company site
- Official Mutual of Omaha's Wild Kingdom site
- Mutual of Omaha Bank