Mutual of Omaha' is a Fortune 500mutual insurance and financial services company based in Omaha, Nebraska. Founded in 1909 as Mutual Benefit Health & Accident Association, Mutual of Omaha is a financial organization offering a variety of insurance and financial products for individuals, businesses and groups throughout the United States. '' The company provides a variety of financial services, including Medicare Supplement, life insurance, long-term care coverage and annuities, as well as group coverage including life, disability and 401.
Subsidiaries
Mutual of Omaha has multiple subsidiaries including:
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
Mutual of Omaha was founded in 1909 by a medical student at Omaha's Creighton University and his wife, Dr. C.C. and Mabel Criss. It has grown into a Fortune 500 company offering insurance and financial solutions for individuals, businesses and groups throughout the United States. In 1927, V.J. Skutt joined their team and was named president in 1949. With a license to sell insurance in all 48 states, an abbreviated name and distinctive Native American symbol, the company gained nationwide prominence in the 1950s. In 1963, the company began sponsoring Mutual of Omaha's Wild Kingdom, a wildlife program hosted by Marlin Perkins and Jim Fowler that remained on television for more than 20 years. The company was one of the first companies to provide disability insurance to non-professional workers, and in 1966 was among the first companies to provide supplementary coverage for people enrolled in Medicare.
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.
2019 – Agreed to sell Mutual of Omaha Bank to CIT’s banking subsidiary, CIT Bank, N.A., for a purchase price of $1 billion.
As of 2020, Mutual of Omaha holds the 300th rank on Fortune 500's top companies. The current CEO is James T. Blackledge. The company and its affiliates have more than 5,000 employees plus a network of sales advisors. The Home Office remains in Omaha, NE, with satellite or sales offices in most states. The Company holds an A+ rating from A.M. Best and AA- rating from Standard & Poor's.
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.
