Ameritas
Industry | Insurance |
---|---|
Founded | 1887 |
Headquarters | Lincoln, Nebraska , United States |
Products | Insurance, Employee benefits, Financial services |
Website | www |
Ameritas Life Insurance Corp. (established in 1887 as Old Line Bankers Life Insurance Company of Nebraska) is a mutual insurance company.[1] It is owned by Ameritas Mutual Holding Company, headquartered in Lincoln, Nebraska, United States. The company includes Ameritas Mutual Holding Company (AMHC) and Ameritas Holding Company (AHC), as well as Ameritas Life Insurance Corp. of New York.[2]
History
In 1984, Ameritas was mostly selling life insurance, with assets of less than $1 billion, and about 500,000 customers.[3]
In 1999, Ameritas Life Insurance Corp. merged with Acacia Mutual Holding Company.[4] The latter had been formed in 1997 when Acacia Life Insurance Company of Washington, D.C.,[5] converted from a mutual life insurance company to a stock company wholly owned by a mutual insurance holding company.[6] The company formed by the merger of the Acacia and Ameritas holding companies was named the Ameritas Acacia Mutual Holding Company.[7]
In 2005, Ameritas merged with The Union Central Life Insurance Co. of Cincinnati, forming Unifi Mutual Holding Co.[3] In 2006, The Ameritas Acacia Cos. merged with Union Central Life Insurance of Lincoln. In 2014, Union Central, still part of Ameritas, was being sued for allegedly overlooking an agent's ponzi scheme.[8]
Ameritas rebranded in 2012. It also merged at one point with
In 2017, a judge ruled that Ameritas had no right to payment from a broker's bond after the broker was caught stealing from clients. Ameritas had sued Federal Life alleging breach of contract.[13] Ameritas partnered with Nelnet on a student loan repayment program in 2017.[14]
In July 2019[15][16] and August 2019, a data breach at Ameritas was reported to possibly expose customer info.[17]
It has the sixth-largest property tax in Lincoln in 2019.[18] Ameritas announced a public finance team, to be responsible for municipal bond financing, in September 2019.[19]
In January 2020, William W. Lester succeeded JoAnn M. Martin as CEO, after Martin became CEO in 2009.
In September 2021, Ameritas Life Insurance Corp. announced the acquisition of BlueStar Retirement Services, Inc. BlueStar Retirement Services operates as a subsidiary of Ameritas. [22]
Ameritas announced in July 2022 that the headquarters on O Street in Lincoln, Nebraska, would undergo renovations. The move was prompted by a shift to a more hybrid work environment, which includes consolidating all Lincoln-based employees at the newly renovated headquarters upon the project's completion. Currently, Ameritas operates out of several locations in the Lincoln metropolitan area. [23]
On Jan. 2, 2024, Robert Jurgensmeier became chief executive officer, while Susan Wilkinson became president and chief operating officer after William Lester announced his retirement. Jurgensmeier has worked in the insurance and financial services industry for more than 25 years and began his career at Ameritas in 2012 as senior vice president and chief actuary, individual division. Wilkinson began her career at Ameritas as a corporate accountant in 1995 and has held many various leadership roles, including executive vice president, chief financial officer and treasurer from 2018-2024. [24]
Products
The company sells life insurance among other insurance products.[17] Ameritas also offers a wide range of financial products and services to individuals, families and businesses.
See also
References
- ^ a b Ameritas unveiling $17M projects in Forest Park, USA Today
- ^ a b c Martin to retire as CEO of Ameritas, 1011 Now
- ^ Lincoln Journal-Star
- ^ "Acacia Life Insurance Company as of December 31, 2012" (PDF). Archived (PDF) from the original on 2016-12-27.
- ^ "Acacia Mutual Holding Corporation". Archived from the original on 2021-07-20.
- ^ "Ameritas Life Insurance Corp. - Company Overview". Archived from the original on 2021-07-20.
- ^ "Ameritas Mutual Holding Company | Company Profile | Vault.com". Vault. Retrieved 2021-07-20.
- ^ Utah lawsuit alleges insurance company aided Ponzi scheme, The Salt Lake Tribune
- Lincoln Journal-Star
- Lincoln Journal-Star
- Lincoln Journal-Star
- ^ In brief: Nebraska Ameritas location begins $1 million renovation, Omaha World-Herald
- Lincoln Journal-Star
- Lincoln Journal-Star
- ^ Ameritas announces data breach exposing customers' info, WIBW
- Lincoln Journal-Star
- ^ a b Nebraska Insurer, Ameritas: Data Breach Possibly Exposed Customers' Info, Insurance Journal
- Lincoln Journal-Star
- Lincoln Journal-Star
- ^ CEO Change At Ameritas, KIBZ
- ^ "History". Ameritas. Retrieved 2014-12-31.
- ^ "Ameritas acquires BlueStar Retirement Services".
- ^ "Ameritas to close Fallbrook building, remodel consolidated O Street main office".
- ^ "Lincoln's Ameritas announces retirement of CEO, appointment of new one". JournalStar.com. 2023-06-05. Retrieved 2024-01-05.