United of Omaha Life Insurance Company · Omaha, NE United States
Company Description
Phone: 402-342-7600
Fax: 402-351-2775
Toll Free: 800-775-6000
View United of Omaha Life Insurance Company Locations On A US Map
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This link will open in a new window A subsidiary of mutual insurance giant Mutual of Omaha , United of Omaha Life Insurance tames the wild kingdom of financial uncertainty for its clients. The company offers group and individual life insurance, fixed annuities, and related financial products and services in all states but New York (where sister firm Companion Life Insurance Company of New York operates). United of Omaha sells its products through its parent's direct sales force, as well as via a network of independent agents. United of Omaha was founded in 1926 as United Benefit Life Insurance Company. To read the full description, subscribe now.
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Key United of Omaha Life Insurance Company Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $2,235.0 |
| Employees | 450 |
United of Omaha Life Insurance Company Executives
4 executives listed for United of Omaha Life Insurance Company's Omaha, NE location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Daniel Neary | Network |
| EVP and CFO | David Diamond | Network |
| EVP Informantion Sevices | James Hanson | Network |
Competition
Competitive Landscape for United of Omaha Life Insurance Company
Demand is driven by demographics and commercial transactions. Demand is also driven by legal or financial requirements. Consumers are usually required by states to buy auto insurance and by lenders to buy homeowners insurance, for example. The profitability of individual companies depends on effective marketing and on the ability to accurately estimate future payments. Large companies have big economies of scale in administration and in access to capital, as well as advertising and marketing. Small companies can compete successfully by specializing in particular products or industries. Average annual revenue per worker is around $400,000, so the industry is not labor-intensive. In the late 2000s recession, insurers saw revenues decline sharply when their investment portfolios lost value after the market fell. Insurance carriers rely heavily on their investment portfolios, which is where they invest premiums collected until they are needed to pay claims or benefits. In addition, deregulation of the insurance and financial services industries led to increased risk taking that hurt insurers' credit ratings. Insurance giant AIG was forced to accept $150 billion in government loans to stave off bankruptcy that was brought on by its overexposure to credit default swaps. Federal government bailouts have primarily targeted banks. Aside from AIG, insurance companies have not been as hard hit by the subprime mortgage meltdown. But some insurance companies are seeking relief from state regulators to allow them to operate with less capital. Other insurance companies are buying financial institutions to qualify for federal aid. To read the full description, subscribe now.Top United of Omaha Life Insurance Company Competitors
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