Mutual of Omaha facts for kids
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Corporate headquarters, pictured in 2018
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| Mutual company | |
| Industry | Finance, Insurance |
| Founded | 1909 |
| Headquarters | , |
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Key people
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James Blackledge (Chairman of the Board and CEO) |
| Products | Life insurance Medicare supplement insurance Annuities Long-term care insurance |
| Revenue |  US$9.347 billion (2018) |
| US$277.3 million (2018) |
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| Total assets | US$43.913.4 billion (2018) |
| Total equity | US$6.684 billion (2018) |
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Number of employees
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6,314 (2018) |
Mutual of Omaha is a big company that helps people with their money and insurance. It's based in Omaha, Nebraska, in the United States. The company started way back in 1909.
Mutual of Omaha offers many different ways to help people. They provide things like life insurance, which helps families if something happens to a loved one. They also offer plans to help with health costs, especially for older people, and ways to save money for the future. They help both individuals and groups, like businesses.
Contents
Companies Under Mutual of Omaha
Mutual of Omaha has several smaller companies that work together. These are called subsidiaries.
United of Omaha Life Insurance Company
This company also started in 1909. It focuses on offering life insurance and plans to help people save for retirement. They help both groups and individuals.
United World Life Insurance Company
Since 1983, this company has offered health and accident insurance. They also have special life insurance plans. They reach customers through ads and independent agents.
Mutual of Omaha Investor Services, Inc.
This part of the company helps individuals invest in mutual funds. These are like big baskets of different investments. They work with the company's agents and retirement plan brokers.
How Mutual of Omaha Started
Mutual of Omaha was founded in 1909. A medical student named Dr. C.C. Criss and his wife, Mabel Criss, started it in Omaha. It began as the Mutual Benefit Health & Accident Association.
Over the years, the company grew a lot. By the 1950s, it was well-known across the country. This was partly because of its new, shorter name and a special Native American symbol.
In 1963, Mutual of Omaha started sponsoring a famous TV show. It was called Mutual of Omaha's Wild Kingdom. The show was about wildlife and hosted by Marlin Perkins and Jim Fowler. It was on TV for over 20 years!
Mutual of Omaha was also one of the first companies to offer disability insurance. This helps people who can't work because of an injury or illness. In 1966, they were also among the first to offer extra coverage for people using Medicare.
Important Dates in History
- 1909: The company officially started as Mutual Benefit Health and Accident Association.
- 1920: The money they earned from premiums went over $1 million.
- 1950: The company changed its name to Mutual of Omaha Insurance Company.
- 1963: Mutual of Omaha's Wild Kingdom first appeared on TV.
- 1981: United Benefit Life Insurance Company became United of Omaha.
- 2001: The company updated its brand and started sponsoring USA Swimming.
- 2002: A new Wild Kingdom TV series began on Animal Planet.
- 2009: Mutual of Omaha celebrated its 100th birthday!
- 2019: The company sold its banking part, Mutual of Omaha Bank.
- 2020: The company changed its logo from an Indian symbol to a lion. Their new slogan became "Protect your kingdom."
- 2022: Mutual of Omaha announced plans for a new, very tall headquarters building in downtown Omaha. It will be the tallest building in the city.
As of 2020, Mutual of Omaha is ranked among the top 500 companies in the U.S. It has over 5,000 employees. The main office is still in Omaha, Nebraska.
Company Leaders
Here are some of the people who have led Mutual of Omaha as CEO or Chairman.
Chief Executive Officer
| 1964–1983 | V. J. Skutt |
| 1984–1996 | Thomas Skutt |
| 1998–2004 | 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 |
| 2005–2018 | Dan Neary |
| 2018–present | James Blackledge |
Awards and Recognition
Mutual of Omaha has received good ratings for its financial strength. This means they are a strong company that can meet its promises to customers.
- 2016: They received an A+ rating from A.M. Best Company, Inc. This rating shows their financial strength.
- 2017: NerdWallet ranked Mutual of Omaha as 5th among 18 large life insurance companies.
Wild Kingdom and Sports Sponsorships
Mutual of Omaha is well-known for its wildlife TV show, Mutual of Omaha's Wild Kingdom. The original show ran from 1963 to 1988. Many people still remember its old toll-free phone number!
The show has been brought back several times. Today, you can watch it on Saturday mornings as part of NBC's The More You Know block.
Mutual of Omaha also supports professional golfers. They sponsor several PGA Tour and LPGA golfers. Some of these include Russell Knox, Henrik Stenson, Pádraig Harrington, Paula Creamer, and Jessica Korda.
See also
- Midtown Omaha
- Economy of Omaha, Nebraska
- Mutual of Omaha Building
