- Mutual of Omaha
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Mutual of Omaha Insurance Company 
Type Mutual company Industry Finance, Insurance Founded 1909 Headquarters Omaha, Nebraska, USA Key people Daniel P. Neary, Chairman and CEO
Harry S. Weller, founding PresidentProducts 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 $4.2 billion USD (2007) [1] Net income $217 million USD (2007) [1] 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.
Continuum Worldwide
Omaha Financial Holdings, Inc.Website MutualofOmaha.com 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]
Contents
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
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
Main article: Wild KingdomIn 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.[5]
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.[5]
Mutual of Omaha Investor Services, Inc.
Mutual funds are offered to individuals through the company’s agents and Retirement Plans brokers.[5]
Continuum Worldwide
Continuum Worldwide was started in 2006 and specializes in operational risk management consulting. Continuum’s services include enterprise security solutions, investigative and compliance solutions, business partner assurance, identity and access management, and IT infrastructure solutions.
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.[6] 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.[7] 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.[8][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.[9] 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 of Mutual
1909–1932 Harry S. Weller 1932–1949 Dr. C.C. Criss 1949–1986 V.J. Skutt 2003–2005 Dan Neary Chief executive officer of Mutual
1964–1983 V.J. Skutt 1984–1996 Thomas Skutt 1998–2005 John Weekly 2005–present Dan Neary Chairman of the board of Mutual
1949–1953 Dr. C.C. Criss 1953–1985 V.J. Skutt 1986–1996 Thomas Skutt 1998–2005 John Weekly 2005–present Dan Neary Miscellaneous
The only Chick-fil-A in the state of Nebraska is located in Mutual of Omaha's cafeteria.[10] However, there are plans to open a public one in the lobby in December 2011[11]
Mutual of Omaha is developing Midtown Crossing at Turner Park, a mixed-use urban development project just east of its campus in Midtown Omaha.[12]
Sponsorships
Sports
Swimming
Mutual of Omaha is the official sponsor of USA Swimming.[13] Mutual of Omaha Swim Clinics tour around the USA as one day special events and include guest presenters such as Olympian Brendan Hanson. [14]
Golf
Sponsorships also exist with PGA Tour and LPGA golfers. These golfers are: Ryan Armour, Jason Bohn, Fred Funk, Cristie Kerr, Billy Mayfair, Jon Mills, Joe Ogilvie, Ian Poulter, Aron Price, Nate Smith, Kevin Streelman, and Roger Tambellini.[15]
See also
References
- ^ a b c Mutual of Omaha Annual Report 2007 - Moving Toward a New Tomorrow
- ^ a b 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
- ^ a b c 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
- ^ http://www.mutualofomahabank.com/west/about_us/news.html
- ^ List of Mutual of Omaha Bank Locations, Retrieved Nov. 22, 2010
- ^ Chic-fil-A Store Site
- ^ http://omaha.com/article/20110823/MONEY/708239966
- ^ Midtown Crossing at Turner Park
- ^ Mutual of Omaha - USA Swimming Sponsorships
- ^ http://aforathlete.wikia.com/wiki/Tidal_Wave_Swim_Team
- ^ Mutual of Omaha - Golf Sponsorships
External links
Categories:- Companies based in Omaha, Nebraska
- Insurance companies of the United States
- Mutual insurance companies
- Life insurance companies
- Companies established in 1909
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