Mutual of Omaha

2025-09-23T22:38:23Z

2603:7080:7B06:2A00:DE6:385A:2E0D:3D0F: /* Wild Kingdom and professional golfing sponsorships */Eliminated long-obsolete toll-free telephone number which is no longer used by Mutual of Omaha.

{{Short description|American insurance and financial company}}
{{about|the insurance and finance company|the TV show|Wild Kingdom}}
{{Infobox company
| name = Mutual of Omaha Insurance Company
| logo = Logo of Mutual of Omaha.png
| logo_size = 230px
| image = Mutual of Omaha Headquarters Tower August 2025 B.jpg
| image_caption = Mutual of Omaha's new headquarters under construction in Downtown Omaha, 2025
| type = [[Privately held company|Private]]
| foundation = {{start date and age|1909}}
| hq_location = [[Mutual of Omaha Building]]
| location_city = [[Omaha, Nebraska]]
| location_country = U.S.
| key_people = James Blackledge ([[chairman of the board]] and [[CEO]])
| industry = [[Finance]], [[Insurance]]
| products = [[Life insurance]]<br />Medicare supplement insurance <br />[[Annuity (US financial products)|Annuities]]<br />[[Long-term care]] insurance
| services =
| market cap =
| revenue = {{increase}} {{US$|9.347|link=yes}} billion {{small|(2018)}}<ref name="Mutual of Omaha Insurance" />
| operating_income =
| net_income = {{increase}} {{US$|277.3 million}} {{small|(2018)}}<ref name="Mutual of Omaha Insurance" />
| assets = {{increase}} {{US$|43.913.4 billion}} {{small|(2018)}}<ref name="Mutual of Omaha Insurance" />
| equity = {{increase}} {{US$|6.684 billion}} {{small|(2018)}}<ref name="Mutual of Omaha Insurance" />
| owner =
| num_employees = 6,314<ref name="Mutual of Omaha Insurance">{{Cite web|url=https://fortune.com/company/mutual-of-omaha/fortune500/|title=Mutual of Omaha Insurance|website=Fortune|access-date=2023-09-16}}</ref>
| num_employees_year = 2018
| parent =
| divisions =
| homepage = {{URL|https://www.mutualofomaha.com|mutualofomaha.com}}
| footnotes =
| intl =
}}

'''Mutual of Omaha Insurance Company''' is an American [[Fortune 500]] [[mutual insurance]] and [[financial services]] company based in [[Omaha, Nebraska]].<ref name="Mutual of Omaha Insurance" /> 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.<ref name="Good Financial Cents">{{Cite web|title = Good Financial Cents. Mutual of Omaha Mutual Life Insurance Company Review.|url = http://www.goodfinancialcents.com/insurance-quotes/life/companies/mutual-of-omaha/|accessdate = March 16, 2017|publisher =Good Financial Cents.|date = 2017}}</ref>

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(k).<ref>{{Cite web|title = Bloomberg. Company Overview of Mutual of Omaha Insurance Company.|url = https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=165237|accessdate = March 16, 2017|publisher = Bloomberg.|date = 2016}}</ref>

== Subsidiaries ==
Mutual of Omaha has multiple subsidiaries including:

=== United of Omaha Life Insurance Company ===

Founded in 1909, this company provides life insurance, pension and annuity products for groups and individuals.<ref name="autogenerated1">{{Cite web|url=https://www.mutualofomaha.com/about/company-profile/affiliates|title=Mutual of Omaha Affiliates in the Insurance and Financial Services Sector|website=www.mutualofomaha.com}}</ref>

=== 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.<ref name="autogenerated1" />

=== Mutual of Omaha Investor Services, Inc. ===

Mutual funds are offered to individuals through the company's agents and Retirement Plans brokers.<ref name="autogenerated1" />

=== 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 ==
Mutual of Omaha was founded in 1909 by a medical student at Omaha's Creighton University and his wife, [[Clair Carlton Criss|Dr. C.C. Criss]] and Mabel Criss.<ref>{{Cite web |last=DXD |title=Mutual of Omaha Celebrating 115 Years |url=https://www.mutualofomaha.com/about/newsroom/article/celebrating-115-years#:~:text=Today%20marks%20Mutual%20of%20Omaha's,,%20and%20his%20brother,%20Neil. |access-date=2025-03-13 |website=www.mutualofomaha.com |language=en}}</ref> 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 ''[[Wild Kingdom|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.<ref name="autogenerated1" />

* March 5, 1909 – Mutual Benefit Health and Accident Association filed articles of incorporation with the Nebraska Insurance Department.<ref>V. J. Skutt, ''Mutual of Omaha, "the good neighbor."'' (Newcomen Society in North America, 1961) p11</ref>
* 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 – ''[[Wild Kingdom|Mutual of Omaha's Wild Kingdom]]'' premiered on network television. The original show was hosted by [[Marlin Perkins]], [[Jim Fowler]], and Peter Gros, and ran until 1988.<ref>{{Cite web|title = Mutual of Omaha's Wild Kingdom. The Adventure That Started It All.|url = http://www.wildkingdom.com/about|accessdate = March 16, 2017|publisher =A.M. Best.|date = 2017}}</ref>
* 1974 - Slogan changed from "People who pay" to "People you can count on", through 2020.
* 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]].
* 2005 – Daniel P. Neary is named chairman and chief executive officer.
* 2007 – Omaha Financial Holdings, Inc. was created as the parent company of Mutual of Omaha's banking initiatives.
* 2009 – Mutual of Omaha celebrates their 100th anniversary.
* 2015 – James T. Blackledge is named chief executive officer and elected to the board.<ref name="mutu_Lead">{{Cite web|title = Leadership - Mutual of Omaha|author = Mutual of Omaha|work = mutualofomaha.com|date = 2017|accessdate = 2018-01-10|url = https://www.mutualofomaha.com/our-story/company-profile/leadership}}</ref>
* 2016 – The company reaches $3 billion in policyholder surplus.
* 2018 – James T. Blackledge replaces Dan Neary as chairman of the board.<ref name="mutu_Blac">{{Cite web|title = Mutual of Omaha|author = Mutual of Omaha|work = mutualofomaha.com|date = 2018-01-10|accessdate = 2018-01-10|url = https://www.mutualofomaha.com/our-story/newsroom/article/blackledge-to-succeed-neary-as-mutual-of-omaha-chairman}}</ref>
* 2019 – Agreed to sell Mutual of Omaha Bank to CIT's banking subsidiary, CIT Bank, N.A., for a purchase price of $1 billion.
* 2020 – The logo was changed from the Indian to a lion. The new slogan was: "Protect your kingdom".
* 2022 − Mutual of Omaha announced they would build their [[Mutual of Omaha Headquarters Tower (Project Beacon)|new headquarters]] in downtown Omaha on the site of the [[Omaha Public Library branches|W. Dale Clark Library]], with the under construction height making it the [[List of tallest buildings in Omaha, Nebraska|new tallest building in Omaha]].
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.{{Citation needed|date=February 2020}}

== Company governance ==
===Chief Executive Officer===
{|
|-
| 1964–1983 ||[[V. J. Skutt]]
|-
| 1984–1996 ||[[Thomas Skutt]]
|-
| 1998–2004 ||[[John Weekly (executive)|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]]
|-
| 1998–2004 ||[[John Weekly (executive)|John Weekly]]
|-
| 2005–2018||[[Dan Neary]]
|-
| 2018–present||[[James Blackledge]]
|}

== Recognition ==
* 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.<ref>{{Cite web|title = A.M. Best. A.M. Best Affirms Credit Ratings of Mutual of Omaha Insurance Company and Its Subsidiaries.|url = http://www3.ambest.com/ambv/bestnews/presscontent.aspx?refnum=24746&altsrc=23|accessdate = March 16, 2017|publisher =A.M. Best.|date = December 14, 2016}}</ref>
* 2017 - Mutual of Omaha was ranked 5th of 18 large life insurance companies by [[NerdWallet]].<ref>{{Cite web|title = Nerd Wallet. Mutual of Omaha Life Insurance Review 2017.|url = https://www.nerdwallet.com/blog/insurance/reviews/mutual-of-omaha-life-insurance/|accessdate = March 16, 2017|publisher =Nerd Wallet.|date = 2017}}</ref>

== ''Wild Kingdom'' and professional golfing sponsorships ==
In 1963, Mutual of Omaha introduced a wildlife [[television]] program, ''Mutual of Omaha's [[Wild Kingdom]].'' The original show ran from 1963 to 1988, and their toll-free phone number in that era was mentioned so frequently that many people still remember the number decades later, although it is no longer used by this company.<ref>{{Cite web|url=https://megaloman.proboards.com/thread/62/mutual-omahas-wild-kingdom|title=Mutual of Omaha's Wild Kingdom | Xenorama}}</ref> The show has been since relaunched several times, with its current iteration running as a Saturday morning offering as part of [[NBC]]'s ''[[The More You Know (TV programming block)|The More You Know]]'' and produced by [[Hearst Media Production Group]]<ref>{{Cite web|url=https://www.mutualofomaha.com/wild-kingdom|title=Home|website=www.mutualofomaha.com}}</ref>

Mutual of Omaha sponsors 7 [[PGA Tour]] golfers and 2 [[LPGA]] golfers, including [[Russell Knox]], [[Henrik Stenson]], [[Pádraig Harrington]], [[Paula Creamer]], [[Jessica Korda]], [[Bud Cauley]], [[Brandon Hagy]], [[Robby Shelton]] and [[David Leadbetter (golf instructor)|David Leadbetter]] and [[Cameron Young]].<ref>{{Cite web|url=https://www.mutualofomaha.com/about/golf-sponsorships|title=Golf Sponsorships, Lineup of Golf Ambassadors for Mutual of Omaha|website=www.mutualofomaha.com}}</ref>

==See also==
*[[Midtown Omaha]]
*[[Economy of Omaha, Nebraska]]
*[[Mutual of Omaha Building]]

==References==
{{Reflist}}

==External links==
* {{official}}

{{Omaha}}
{{Authority control}}

{{DEFAULTSORT:Mutual Of Omaha}}
[[Category:Life insurance companies of the United States]]
[[Category:Mutual insurance companies of the United States]]
[[Category:Banks based in Nebraska]]
[[Category:Companies based in Omaha, Nebraska]]
[[Category:American companies established in 1909]]
[[Category:Financial services companies established in 1909]]
[[Category:Banks established in 1909]]
[[Category:1909 establishments in Nebraska]]

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Mutual of Omaha