Mutual of Omaha
Encyclopedia
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.
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
2009 - Mutual of Omaha celebrates 100 years
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.
consulting. Continuum’s services include enterprise security solutions, investigative and compliance solutions, business partner assurance, identity and access management, and IT infrastructure solutions.
in the United States and acquired as part of FDIC rescue operations.
, which is directly to the east of Mutual of Omaha's headquarters.
in the state of Nebraska is located in Mutual of Omaha's cafeteria. However, there are plans to open a public one in the lobby in December 2011
Mutual of Omaha is developing Midtown Crossing at Turner Park
, a mixed-use urban development project just east of its campus in Midtown Omaha
.
.
Mutual of Omaha Swim Clinics tour around the USA as one day special events and include guest presenters such as Olympian Brendan Hanson.
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
.
Fortune 500
The Fortune 500 is an annual list compiled and published by Fortune magazine that ranks the top 500 U.S. closely held and public corporations as ranked by their gross revenue after adjustments made by Fortune to exclude the impact of excise taxes companies collect. The list includes publicly and...
mutual insurance
Mutual insurance
A mutual insurance company is an insurance company which has no shareholders but instead is owned entirely by its policyholders. The primary form of financial business set up as a mutual company in the United States has been mutual insurance. Under this idea, what would have been profits are...
and financial services
Financial services
Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies,...
company based in Omaha, Nebraska
Omaha, Nebraska
Omaha is the largest city in the state of Nebraska, United States, and is the county seat of Douglas County. It is located in the Midwestern United States on the Missouri River, about 20 miles north of the mouth of the Platte River...
. The company was founded in 1909 as Mutual Benefit Health and Accident Association.
History
1909 (March 5) – 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
1962 – Mutual Benefit Health & Accident Association changed its name to Mutual of Omaha Insurance Company
1963 – Mutual of Omaha’s Wild Kingdom
Wild Kingdom
Wild Kingdom, sometimes known as Mutual of Omaha's Wild Kingdom, is an American television show that features wildlife and nature. It was originally produced from 1963 until 1988, and was revived in 2002...
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
2009 - Mutual of Omaha celebrates 100 years
Wild Kingdom
In 1963, Mutual of Omaha introduced the wildlife televisionTelevision
Television is a telecommunication medium for transmitting and receiving moving images that can be monochrome or colored, with accompanying sound...
program, Mutual of Omaha's Wild Kingdom
Wild Kingdom
Wild Kingdom, sometimes known as Mutual of Omaha's Wild Kingdom, is an American television show that features wildlife and nature. It was originally produced from 1963 until 1988, and was revived in 2002...
. 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
Animal Planet
Animal Planet is an American cable tv specialty channel that launched on October 1, 1996. It is distributed by Discovery Communications. A high-definition simulcast of the channel launched on September 1, 2007.-History:...
. 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.
United of Omaha Life Insurance Company
Founded in 1926, this company provides life insurance, pension and annuity products for groups and individuals.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.Mutual of Omaha Investor Services, Inc.
Mutual funds are offered to individuals through the company’s agents and Retirement Plans brokers.Continuum Worldwide
Continuum Worldwide was started in 2006 and specializes in operational risk managementOperational risk management
The term Operational Risk Management is defined as a continual cyclic process which includes risk assessment, risk decision making, and implementation of risk controls, which results in acceptance, mitigation, or avoidance of risk...
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. 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. 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. 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. Most of the states with branch banking locations were hardhit by the real estate bubbleReal estate bubble
A real estate bubble or property bubble is a type of economic bubble that occurs periodically in local or global real estate markets...
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 ParkMidtown Crossing at Turner Park
Midtown Crossing at Turner Park is a million square-foot, seven-building, mixed-use development located in Midtown Omaha, Nebraska. Its borders are 31st to 33rd streets and Dodge to Harney streets...
, which is directly to the east of Mutual of Omaha's headquarters.
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-AChick-fil-A
Chick-fil-A |"fillet"]]) is a quick service restaurant chain headquartered in College Park, Georgia, United States, specializing in chicken entrées and is known for promoting the company founder's claims of Christian values. Long associated with the southern United States, where it has been a...
in the state of Nebraska is located in Mutual of Omaha's cafeteria. However, there are plans to open a public one in the lobby in December 2011
Mutual of Omaha is developing Midtown Crossing at Turner Park
Midtown Crossing at Turner Park
Midtown Crossing at Turner Park is a million square-foot, seven-building, mixed-use development located in Midtown Omaha, Nebraska. Its borders are 31st to 33rd streets and Dodge to Harney streets...
, a mixed-use urban development project just east of its campus in Midtown Omaha
Midtown Omaha
Midtown is a geographic area of Omaha, Nebraska that is a culturally, socially and economically important area of the city. It is home to major research centers, national corporations, several historic districts, and a number of historic residences.-About:...
.
Swimming
Mutual of Omaha is the official sponsor of USA SwimmingUSA Swimming
USA Swimming is the national governing body for competitive swimming in the United States. It is charged with selecting the United States Olympic Swimming team and any other teams which officially represent the United States, as well as the overall organization and operation of the sport within the...
.
Mutual of Omaha Swim Clinics tour around the USA as one day special events and include guest presenters such as Olympian Brendan Hanson.
Golf
Sponsorships also exist with PGA TourPGA Tour
The PGA Tour is the organizer of the main men's professional golf tours in the United States and North America...
and LPGA
LPGA
The LPGA, in full the Ladies Professional Golf Association, is an American organization for female professional golfers. The organization, whose headquarters is in Daytona Beach, Florida, is best known for running the LPGA Tour, a series of weekly golf tournaments for elite female golfers from...
golfers. These golfers are: Ryan Armour
Ryan Armour
Ryan Patrick Armour is an American professional golfer.Armour attended Ohio State University. He earned third-team All-American honors in 1998 and was selected to the All-Big Ten squad in 1995 and 1998. He also made it to the 1993 U.S. Junior finalsArmour is currently a member of the Nationwide...
, Jason Bohn
Jason Bohn
Jason Duehn Bohn is an American professional golfer who currently plays on the PGA Tour.Bohn was born in Lewisburg, Pennsylvania. He graduated from the University of Alabama in 1995 with a degree in Finance. In 1992, while a sophomore on the Alabama golf team, Bohn was playing in a charity...
, Fred Funk
Fred Funk
Frederick Funk is an American professional golfer.Funk was born in Takoma Park, Maryland. He graduated from the University of Maryland, College Park in 1980 with a degree in law enforcement. He turned professional in 1981, but worked as a golf coach at his alma mater from 1982 to 1988; he did not...
, Cristie Kerr
Cristie Kerr
Cristie Kerr is an American professional golfer who plays on the U.S.-based LPGA Tour. She has 14 wins on the LPGA Tour, including two major championships, and over $13 million in career earnings...
, Billy Mayfair
Billy Mayfair
William Fred Mayfair is an American professional golfer who plays on the PGA Tour .-Early years and amateur career:Mayfair was born in Phoenix, Arizona. Before his fifteenth birthday, he had won a number of junior golf tournaments. In 1981, he was on the cover of Boys' Life magazine as "golf's...
, Jon Mills
Jon Mills
Jon Mills is a Canadian professional golfer.Mills was born in Oshawa, Ontario, and spent most of his childhood in Belleville, Ontario. He developed his competitive game on the St. Lawrence Junior Tour in southeastern Ontario, and won the Ontario Junior Championship in 1996...
, Joe Ogilvie
Joe Ogilvie
Norman Joseph Ogilvie is an American professional golfer.Ogilvie was born in Lancaster, Ohio and graduated from Duke University. He currently plays on the PGA Tour and picked up his first win on tour at the U.S. Bank Championship in Milwaukee in 2007...
, Ian Poulter
Ian Poulter
Ian James Poulter is an English professional golfer who is a member of the world's top two professional golf tours, the U.S.-based PGA Tour and the European Tour. He has previously been as high as number five in the world rankings...
, Aron Price
Aron Price
Aron Price is an Australian professional golfer.Price was born in Sydney, Australia. He played college golf at Georgia Southern University and turned professional in 2005. Price was a member of the Nationwide Tour from 2006 to 2008...
, Nate Smith
Nate Smith (golfer)
Nathan J. Smith is an American professional golfer.Smith was born in Santa Monica, California. He played at Soquel High and transferred to Stevenson School in Pebble Beach, where he also played golf two seasons. He played college golf at Duke University where he was a two-time All-American...
, Kevin Streelman
Kevin Streelman
Kevin Streelman is an American professional golfer on the PGA Tour.Streelman was born in Winfield, Illinois. A graduate of Wheaton Warrenville South High School in 1997 and Duke University in 2001, Streelman turned professional in 2003...
, and Roger Tambellini
Roger Tambellini
Roger Tambellini is an American professional golfer who has played on the PGA Tour and Nationwide Tour.Tambellini was born in San Luis Obispo, California. He played at the University of Southern California and turned professional in 1998.Tambellini has won three times on the Nationwide Tour...
.