Back in 1909,
Mutual Benefit Health & Accident Association
(original corporate name of Mutual of Omaha) filed
articles of incorporation with the Nebraska
Insurance Department. The charter was issued on
March 5, 1909. Harry S. Weller was President,
serving until 1932.
In 1962, Mutual's name was officially changed to
Mutual of Omaha Insurance Company.
In 1981, United Benefit Life Insurance Company
changed its name to United of Omaha.
In January 2005, Daniel P. Neary was appointed
Chairman and Chief Executive Officer of the company.
Neary had served as president since August 2003.
Neary is only the fifth chairman of the 95-year-old
Today, the company maintains a strong policyholder
surplus finishing 2006 at $2.14 billion. This
surplus represents additional funds available to
meet current and future obligations to policyholders
and is a key indicator of financial stability. Total
GAAP revenues were $4.2 billion in 2006, and Mutual
of Omaha had consolidated assets of more than $19
billion at year end.
- Long Term Care
- Hospital Income
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