About Mutual of Omaha Insurance Company

In the wild kingdom that is today's insurance industry, Mutual of Omaha Insurance Company wants to distinguish itself from the pack. The company provides individual, group, and employee benefits products through a range of affiliated companies. It offers Medicare supplement, disability, illness, and long-term care coverage as well as life insurance and annuities through its United of Omaha Life Insurance unit. Its Mutual of Omaha Investor Services offers brokerage services, pension plans, and mutual funds, while the Mutual of Omaha Bank operates regionally. Mutual of Omaha is owned by its policyholders.

Operations

Mutual of Omaha has a customer base of 3.8 million individual policyholders and 9 million members that are part of employer groups. Altogether, the firm serves some 30,000 such employer groups. Accident and health policy sales account for more than half of annual revenues, while life and annuity products make up more than a quarter of sales.

The group offers health, life, and annuity policies to individuals and families, as well. It also offers individual Medicare and group dental products.

Mutual of Omaha Bank provides commercial and personal banking through some 50 locations in 10 states. Offering products including savings and checking accounts, consumer and business loans, and deposit certificates, the bank's key markets are rapidly growing cities where Mutual of Omaha already has high numbers of insurance customers. While banking accounts for a small portion of the company's operating results, it has been growing steadily and the bank intends to eventually offer online banking nationwide.

Geographic Reach

Headquartered in Nebraska, Mutual of Omaha operates in 44 states.

Sales and Marketing

Mutual of Omaha offers its individual products through its career agents, direct sales representatives, and independent agents, while its group offerings are provided through employee benefit consultants and brokers.

Financial Performance

Mutual of Omaha's revenues have grown over the past five years. Revenue increased 9% to $7.9 billion in 2016, thanks to a 15% increase in life and annuity business and an 8% growth in health and accident business. This was partially offset by a 53% drop in net realized investment gains.

Despite increases in benefits payouts and operating expenses, the higher revenue in 2016 led to a 10% net income increase to $356.6 million.

Strategy

Mutual of Omaha is working to increase its health care and dental coverage. In 2015, the insurer expanded its dental coverage to include 200,000 providers and specialists across the US. The network includes national and regional PPO networks. In 2016, the company launched a new disability insurance product as well as its first indexed universal life product.

In mid-2017, the company launched a new website designed to motivate employees to proactively manage their retirement plans. The site is part of its Imagine Retirement Right program, which has spurred more active participation from individuals.

To further promote the Mutual of Omaha brand, the company became an associate sponsor of the Andretti Autosport racing team.

Company Background

The company's sponsorship of the long-running Mutual of Omaha's Wild Kingdom introduced it to a generation of Americans. Recognizing that the connection remained strong, the company has revived the television series which now runs on Discovery Communications' Animal Planet cable channel and YouTube.

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Company News and Press Releases

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Mutual of Omaha Insurance Company

3300 Mutual Of Omaha Plz
Omaha, NE 68175-0002
Phone: 1 (402) 342-7600
Fax: 1 (402) 978-5944

Stats

  • Employer Type: Private Mutual Company
  • CEO: James T. Blackledge
  • Chairman: Daniel P. Neary
  • EVP Corporate Operations: Stacy A. Scholtz
  • 2015 Employees: 5,392

Major Office Locations

  • Omaha, NE

Other Locations

  • Little Rock, AR
  • Chandler, AZ
  • Paradise Valley, AZ
  • Phoenix, AZ
  • Scottsdale, AZ
  • Sun City West, AZ
  • Tucson, AZ
  • Concord, CA
  • Fresno, CA
  • Irvine, CA
  • Mount Shasta, CA
  • Ontario, CA
  • San Diego, CA
  • Arvada, CO
  • Canon City, CO
  • Centennial, CO
  • Colorado Springs, CO
  • Conifer, CO
  • Denver, CO
  • Evergreen, CO
  • Grand Junction, CO
  • Greenwood Village, CO
  • Lakewood, CO
  • Sterling, CO
  • Glastonbury, CT
  • Trumbull, CT
  • Boynton Beach, FL
  • Fort Myers, FL
  • Lake Mary, FL
  • Maitland, FL
  • Marco Island, FL
  • Naples, FL
  • Orlando, FL
  • Sunrise, FL
  • Tampa, FL
  • Atlanta, GA
  • Honolulu, HI
  • Iowa City, IA
  • Johnston, IA
  • Waverly, IA
  • Mokena, IL
  • Oakbrook Terrace, IL
  • Indianapolis, IN
  • Warsaw, IN
  • Shawnee Mission, KS
  • Ashland, KY
  • Georgetown, KY
  • Louisville, KY
  • Lafayette, LA
  • Boston, MA
  • Braintree, MA
  • Cockeysville, MD
  • Silver Spring, MD
  • South Portland, ME
  • Novi, MI
  • East Grand Forks, MN
  • Minneapolis, MN
  • Kansas City, MO
  • Moberly, MO
  • Saint Joseph, MO
  • Saint Louis, MO
  • Springfield, MO
  • Flowood, MS
  • Billings, MT
  • Hamilton, MT
  • Asheville, NC
  • Charlotte, NC
  • Gastonia, NC
  • Indian Trail, NC
  • Raleigh, NC
  • Wilmington, NC
  • Winston Salem, NC
  • Bismarck, ND
  • Kearney, NE
  • La Vista, NE
  • Lincoln, NE
  • Marlton, NJ
  • Monroe Township, NJ
  • Warren, NJ
  • Carson City, NV
  • Henderson, NV
  • Las Vegas, NV
  • Laughlin, NV
  • Reno, NV
  • Cortland, NY
  • Fairport, NY
  • Hauppauge, NY
  • Melville, NY
  • New York, NY
  • Syracuse, NY
  • Blue Ash, OH
  • Cleveland, OH
  • Columbia Station, OH
  • Columbus, OH
  • Independence, OH
  • Oklahoma City, OK
  • Tulsa, OK
  • Eugene, OR
  • Portland, OR
  • Blue Bell, PA
  • Harrisburg, PA
  • Lancaster, PA
  • Wayne, PA
  • Columbia, SC
  • Greenville, SC
  • Brentwood, TN
  • Franklin, TN
  • Memphis, TN
  • Signal Mountain, TN
  • Abilene, TX
  • Austin, TX
  • Bryan, TX
  • Dallas, TX
  • Edinburg, TX
  • Fort Worth, TX
  • Houston, TX
  • Lubbock, TX
  • Midland, TX
  • Paris, TX
  • Plano, TX
  • San Antonio, TX
  • The Woodlands, TX
  • Wichita Falls, TX
  • Salt Lake City, UT
  • Charlottesville, VA
  • Manassas, VA
  • Poquoson, VA
  • Roanoke, VA
  • Bremerton, WA
  • Lynnwood, WA
  • Seattle, WA
  • La Crosse, WI
  • Milwaukee, WI
  • Bridgeport, WV
  • Parkersburg, WV
  • Cheyenne, WY
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