Mutual of Omaha
 |
| Mutual of Omaha Logo | |
| Company type | Mutual company |
|---|---|
| Industry | Finance, Insurance |
| Founded | 1909 |
| Headquarters | , |
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)[1] |
| Revenue |  $6.8 billion USD (2014) [2] |
| $291.7 million USD (2014) [2] | |
| Total assets | $34.4 billion USD (2014) [2] |
Number of employees | 5,000 (February 2016) |
| Website | Mutual of Omaha |
Mutual of Omaha is a Fortune 500 mutual insurance and financial services company based in Omaha, Nebraska. 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.
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.[3]
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.[3]
Mutual of Omaha Investor Services, Inc.
Mutual funds are offered to individuals through the company’s agents and Retirement Plans brokers.[3]
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
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
2007 – Omaha Financial Holdings, Inc. was created as the parent company of Mutual of Omaha’s banking initiatives
2009 - Mutual of Omaha celebrates 100 years
Company Governance
Chief Executive Officer
| 1964–1983 | V.J. Skutt |
| 1984–1996 | Thomas Skutt |
| 1998–2005 | John Weekly |
| 2005–2015 | Dan Neary |
| 2015–Present | James Blackledge |
Chairman of the Board
| 1949–1953 | Dr. C.C. Criss |
| 1953–1985 | V.J. Skutt |
| 1986–1996 | Thomas Skutt |
| 1998–2005 | John Weekly |
| 2005–Present | Dan Neary |
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. 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.
USA Swimming
Mutual of Omaha is the official sponsor of USA Swimming.[5] Mutual of Omaha BREAKOUT! Swim Clinics tour around the USA as one day special events and include guest presenters such as Olympian Josh Davis. [6]
Golf
Mutual of Omaha sponsors 11 PGA Tour golfers. These golfers are: Jason Bohn, Bud Cauley, Roberto Castro, Fred Funk, Russell Knox, Ryan Moore, Ian Poulter, Henrik Stenson, Carl Pettersson and Kevin Streelman.[7]
Auto Racing
Mutual of Omaha is an associate sponsor of Andretti Autosport and driver Marco Andretti on the IndyCar circuit. [8]
See also
References
- ^ Mutual of Omaha Annual Report 2007 - Moving Toward a New Tomorrow
- ^ a b c "GAAP Financial Statements 2014" (PDF). 5 March 2015. pp. 3–4. Retrieved 16 February 2016.
- ^ a b c Affiliate Companies - Mutual of Omaha
- ^ V. J. Skutt, Mutual of Omaha, "the good neighbor." (Newcomen Society in North America, 1961) p11
- ^ Mutual of Omaha - USA Swimming Sponsorships
- ^ Mutual of Omaha - BREAKOUT! Swim Clinics
- ^ Mutual of Omaha - Golf Sponsorships
- ^ Mutual of Omaha Andretti Autosport