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Mutual of OmahaShenandoah Life

 

 

 

                                                                                        

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 company.

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.

Mutual of Omaha offers a long line of products including Annuities, Long Term Care, Disability, Part D, Hospital Income, and Term and Universal Life Insurance.


A+ (Superior) rating from A.M. Best Company, Inc. as of 6/07.

AA- (Very Strong) rating from Standard & Poor’s as of 12/06.

Aa3 (Excellent) rating from Moody’s Investors Service as of 9/06.



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