Omaha, Neb. – (November 19, 2008) Citing its financial strength, Mutual of Omaha announced that it will not participate in the in the U.S. Treasury Department’s Troubled Asset Relief Proposal (TARP) Capital Purchase Program.
“Mutual of Omaha has a strong capital position and good liquidity. We are profitable and fully able to meet our commitments to our policyholders. Therefore we elected not to participate in the Capital Purchase Program,” said Mutual Executive Vice President and CFO Dave Diamond.
Founded in 1909, Mutual of Omaha provides insurance, banking and financial products for individuals, businesses and groups throughout the United States. In the individual market, Mutual is a leader in the life, Medicare supplement, long-term care, disability and annuity lines. The company also offers a portfolio of employee benefit solutions including life, disability, AD&D and retirement plans. A mutual company, Mutual of Omaha has earned high ratings from the leading ratings agencies, including an A+ rating from A.M. Best.
