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Mutual Of Omaha Ratings and Company Information
Best Insurance Reports: A+
Url of page where rating was collected:
Best Rating: A.M. Best rating: A+ (superior)
Type of Insurance Company: Mutual
Name of Parent Company:
Companion Life Insurance Co.
United World Life Insurance Company
United of Omaha Life Insurance Company
Omaha Insurance Company
Mutual of Omaha Investor Services, Inc.
Omaha Financial Holdings, Inc.
Company History: Mutual of Omaha was founded in 1909 under the name "Mutual Benefit Health & Accident Association". The company began to issue insurance and expand out of Nebraska in 1910. The company became the first insurance company to include a rehabilitation provision in its disability income protection policies in 1960, and in 1961 it changed its name to "Mutual of Omaha Insurance Company". In 1970 the company merged with Supervised Shares Inc. of Des Mois. Now, Mutual of Omaha is a Fortune 500 mutual insurance and financial services company with more than 3.47 million individual product customers and 8.2 million members. The company currently employs over 28,500 groups.
Principle Sales Methods: Career agents, plus online purchase of some products.
Life Annuity Business: Mutual of Omaha sells term, universal, whole, and accidental death life insurance through United of Omaha and Companion Life Insurance Company. Both companies were rated A+ (superior) by A.M. Best, A1 (Good) by Moody's, and A+ (Strong) by Standard & Poor's. Omaha offers life insurance as both an individual and a group product.
Health Business: Mutual of Omaha offers medicare supplemental insurance, long-term care, disability, and critical illness insurance to groups and individuals. The company also offers participant accident insurance retirement services, dental insurance, and employee assistance programs to groups.
Company Financial Status:
Assets & Premiums: Assets: $32.2 billion
Policy Reserves: $16.5 billion
Revenues: $6.6 billion
Moody's: A1 (Good)
S&P: A+ (Strong)
Lines of Insurance:
Health, Long Term Care, Life, Disability
States licensed to sell insurance in:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY