Mutual Holding Company Reorganization Complete
OMAHA, Neb. – Mutual of Omaha has completed its adoption of a mutual holding company (MHC) structure following final approval from the Nebraska Department of Insurance, with Mutual of Omaha Holding Company now serving as the ultimate parent of the company’s affiliates and subsidiaries.
On April 1, the effective date of the conversion, the Nebraska Department of Insurance issued a Certificate of Authority and Final Order approving the company’s Plan of Reorganization.
Under the MHC structure, Mutual of Omaha Insurance Company policyholders are members of Mutual of Omaha Holding Company. Mutual of Omaha Insurance Company has been reorganized as a stock insurer owned by Mutual of Omaha Holding Company, its ultimate parent company.
Policyholders overwhelmingly approved the MHC Plan of Reorganization at the company’s Annual Meeting on March 6.
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