Citing Financial Strength, Mutual of Omaha Says No to Capital Purchase Program.OMAHA Omaha, city, United States Omaha (ō`məhä, –hô), city (1990 pop. 335,795), seat of Douglas co., E Nebr., on the west bank of the Missouri River; inc. 1857. , Neb. -- Citing its financial strength, Mutual of Omaha Mutual of Omaha, best known for sponsoring the popular television show Mutual of Omaha's Wild Kingdom, is a Fortune 500 insurance and financial services company headquartered in Omaha, Nebraska. announced that it will not participate in the in the U.S. Treasury U.S. Treasury Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S. 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 See Chief Financial Officer. 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 long-term care (LTC), n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders. , 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. |
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