Mutual of Omaha Achieves Record 2019 Revenue, Total Assets
OMAHA, Neb. (March 9, 2020) – Mutual of Omaha reported revenue, total assets and retained earnings at record levels while recording solid profitability in 2019.
2019 GAAP pre-tax operating income was $225 million on record revenues of $10.4 billion. Net income after taxes and realized investment gains was $271 million.
Consolidated total assets on Dec. 31, 2019 were $50.2 billion, retained earnings were $6.9 billion and statutory surplus ended 2019 at $3.1 billion.
“Mutual of Omaha is a financially strong organization. For the eighth straight year we achieved record levels of revenue, which represents new and deeper customer relationships, and total assets while maintaining a strong policyholder surplus,” said Chairman and CEO James Blackledge.
About Mutual of Omaha
Founded in 1909, Mutual of Omaha is a highly-rated, Fortune 500 organization offering a variety of insurance and financial products for individuals, businesses and groups throughout the United States. As a mutual company, Mutual of Omaha is owned by its policyholders and committed to providing outstanding service to its customers. For more information about Mutual of Omaha, visit www.mutualofomaha.com.
Note: Unless otherwise noted, all financial results discussed above are based on accounting principles generally accepted in the United States of America.