Mutual of Omaha
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| Mutual of Omaha Logo | |
| Mutual company | |
| Industry | Finance, Insurance |
| Founded | 1909 |
| Headquarters | Omaha, Nebraska, USA |
|
Key people
|
James Blackledge, CEO Daniel P. Neary, Chairman Harry S. Weller, founding President |
| 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 |  $6.6 billion USD (2013) [2] |
| $359 million USD (2013) [2] |
|
| Total assets | $32.2 billion USD (2013) [2] |
|
Number of employees
|
4,200 (July 2007) |
| Subsidiaries | United of Omaha Life Insurance Company Companion Life Insurance Company United World Life Insurance Company Mutual of Omaha Investor Services, Inc. Omaha Financial Holdings, Inc. |
| Slogan | Begin Today |
| 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.[3][4]
Contents
History
1909 (March 5) – Mutual Benefit Health and Accident Association filed articles of incorporation with the Nebraska Insurance Department. [5]
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[3]
2009 - Mutual of Omaha celebrates 100 years
Wild Kingdom
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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.
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.[6]
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.[6]
Mutual of Omaha Investor Services, Inc.
Mutual funds are offered to individuals through the company’s agents and Retirement Plans brokers.[6]
Omaha Financial Holdings, Inc.
Omaha Financial Holdings, Inc. (OFHI) is a holding company for Mutual of Omaha’s banking operations that was formed in January 2007.[7] 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.[8] 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.[9][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.[10] 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
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
President
| 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
| 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
| 1949–1953 | Dr. C.C. Criss |
| 1953–1985 | V.J. Skutt |
| 1986–1996 | Thomas Skutt |
| 1998–2005 | John Weekly |
| 2005–2014 | Dan Neary |
| 2014–Present | James Blackledge |
Miscellaneous
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.[11][12]
Mutual of Omaha is developing Midtown Crossing at Turner Park, a mixed-use urban development project east of its campus in Midtown Omaha.[13]
Sponsorships
Mutual of Omaha is the official sponsor of USA Swimming.[14] Mutual of Omaha BREAKOUT! Swim Clinics tour around the USA as one day special events and include guest presenters such as Olympian Josh Davis. [15]
Mutual of Omaha sponsors 11 PGA Tour golfers. These golfers are: Jason Bohn, Bud Cauley, Roberto Castro, Fred Funk, Russell Knox, Billy Mayfair, Ryan Moore, Joe Ogilvie, Ian Poulter, Henrik Stenson and Kevin Streelman.[16]
Mutual of Omaha is an associate sponsor of Andretti Autosport and driver Marco Andretti on the IndyCar circuit. [17]
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
References
- ↑ Mutual of Omaha Annual Report 2007 - Moving Toward a New Tomorrow
- ↑ 2.0 2.1 2.2 Lua error in package.lua at line 80: module 'strict' not found.
- ↑ 3.0 3.1 Mutual of Omaha Company History
- ↑ Our Organization - Mutual of Omaha
- ↑ V. J. Skutt, Mutual of Omaha, "the good neighbor." (Newcomen Society in North America, 1961) p11
- ↑ 6.0 6.1 6.2 Affiliate Companies - Mutual of Omaha
- ↑ Mutual of Omaha Announces Bank Board of Directors, press release, August 16, 2007
- ↑ Schmid Named President, CEO of New Mutual of Omaha Subsidiary
- ↑ News. Mutual of Omaha Bank. Retrieved on 2013-07-12.
- ↑ List of Mutual of Omaha Bank Locations, Retrieved Nov. 22, 2010
- ↑ Chic-fil-A Store Site
- ↑ Chick-fil-A opens its doors
- ↑ Midtown Crossing at Turner Park
- ↑ Mutual of Omaha - USA Swimming Sponsorships
- ↑ Mutual of Omaha - BREAKOUT! Swim Clinics
- ↑ Mutual of Omaha - Golf Sponsorships
- ↑ Mutual of Omaha Andretti Autosport
External links
- Pages with broken file links
- Pages using infobox company with unsupported parameters
- Wikipedia articles needing clarification from November 2010
- Companies based in Omaha, Nebraska
- Insurance companies of the United States
- Mutual insurance companies
- Life insurance companies
- Companies established in 1909
- Mutual insurance companies of the United States
