Mutual of Omaha

Mutual of Omaha
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 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 $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.

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]



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

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.


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


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]




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]


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


External links

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