Mutual of Omaha

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Mutual of Omaha
Mutual company
Industry Finance, Insurance
Founded 1909
Headquarters Omaha, Nebraska, USA
Key people
James Blackledge, CEO
Daniel P. Neary, Chairman
Revenue Increase $6.8 billion USD (2014) [1]
$291.7 million USD (2014) [1]
Total assets Increase $34.4 billion USD (2014) [1]
Number of employees
5,000 (January 2016)
Website Mutual of Omaha

Mutual of Omaha is a Fortune 500 mutual insurance and financial services company based in Omaha, Nebraska. The company was founded in 1909 as Mutual Benefit Health and Accident Association.[2][3]


1909 (March 5) – Mutual Benefit Health and Accident Association filed articles of incorporation with the Nebraska Insurance Department. [4]

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

1962 – Mutual Benefit Health & Accident Association changed its name to Mutual of Omaha Insurance Company

1963 – Mutual of Omaha’s Wild Kingdom aired on network television for the first time. The original show 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

2006 – Continuum Worldwide (formerly OISC) was created

2007 – Omaha Financial Holdings, Inc. was created as the parent company of Mutual of Omaha’s banking initiatives[2]

2009 - Mutual of Omaha celebrates 100 years

Wild Kingdom[edit]

Main article: 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. The show was revitalized in 2002 with a new series on the cable television network Animal Planet. Mutual of Omaha has recognized the importance of this program as many of the people who grew up with the original series still recognize the company as being associated with the program.


Mutual of Omaha has multiple subsidiaries including:

United of Omaha Life Insurance Company[edit]

United of Omaha Life Insurance Company offers a diversified portfolio of life insurance, fixed annuities and other insurance and financial services products through Mutual of Omaha’s agency sales force, group sales offices and independent agent networks.[5]

United World Life Insurance Company[edit]

United World Life Insurance Company offers specialty life plans and health and accident coverage through direct marketing, Mutual of Omaha’s agency sales force and independent agent networks.[6]

Mutual of Omaha Investor Services, Inc.[edit]

Mutual of Omaha Investor Services, Inc. is a registered broker-dealer and provides mutual funds directly to consumers through Mutual of Omaha’s agency sales force and Retirement Plans division. [7]

Omaha Financial Holdings, Inc.[edit]

Omaha Financial Holdings, Inc. (OFHI) is a holding company for Mutual of Omaha’s banking operations that was formed in January 2007.[8] The company maintains those operations as the Mutual of Omaha Bank. The subsidiary’s president and CEO is Jeff Schmid, who serves as chairman of the bank.[9] Since its formation, OFHI has acquired the following banks as Mutual of Omaha Bank: Nebraska State Bank in Omaha, Nebraska; Security Federal Bank in Lincoln, Nebraska; Peak National Bank in Golden, Colorado; First Heritage Bank in Newport Beach, CA; First National Bank of Arizona (also operating as First National Bank of Nevada) in Scottsdale, Arizona; and Marco Community Bank in Marco Island, FL.[10][clarification needed] As of November 2010, it had 44 branches, with 11 branches in Arizona, 2 in California, 7 in Colorado, Nebraska, and Nevada, 5 in Florida, 1 each in Iowa and Kansas, and 3 in Texas.[11] Most of the states with branch banking locations were hardhit by the real estate bubble in the United States and acquired as part of FDIC rescue operations.

East Campus Realty, LLC[edit]

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.

Company Governance[edit]


1909–1932 Harry S. Weller
1932–1949 Dr. C.C. Criss
1949–1986 V.J. Skutt
1986–2003 Jason M. Zander
2003–2014 Dan Neary
2014–Present James Blackledge

Chief Executive Officer[edit]

1964–1983 V.J. Skutt
1984–1996 Thomas Skutt
1998–2005 John Weekly
2005–2015 Dan Neary
2014–Present James Blackledge

Chairman of the Board[edit]

1949–1953 Dr. C.C. Criss
1953–1985 V.J. Skutt
1986–1996 Thomas Skutt
1998–2005 John Weekly
2005–Present Dan Neary


The first two Chick-fil-A restaurants in the state of Nebraska are located on Mutual of Omaha's campus. One in the employee cafeteria and the other, open to the public, in the bank's lobby.[12][13]

Mutual of Omaha developed Midtown Crossing at Turner Park, a mixed-use urban development project east of its campus in Midtown Omaha.[14]


Mutual of Omaha is the official sponsor of USA Swimming.[15] Mutual of Omaha BREAKOUT! Swim Clinics tour around the USA as one day special events and include guest presenters such as Olympian Josh Davis. [16]

Mutual of Omaha sponsors 11 PGA Tour golfers. These golfers are: Jason Bohn, Bud Cauley, Roberto Castro, Fred Funk, Russell Knox, Ryan Moore, Carl Petterssen, Ian Poulter, Henrik Stenson and Kevin Streelman.[17]

Mutual of Omaha is an associate sponsor of Andretti Autosport and driver Marco Andretti on the IndyCar circuit. [18]

Mutual of Omaha was the sponsor of the Battles on Ice, a pair of ice hockey matches played outdoors on February 9, 2013 at TD Ameritrade Park Omaha. Game 1 featured the Omaha Lancers and the Lincoln Stars of the USHL, while game 2 featured the Nebraska–Omaha Mavericks and the University of North Dakota of the WCHA.

See also[edit]


External links[edit]