Company Profile
Ameritas
Company Overview
About Us
Corporate Structure
Within the mutual holding company structure, Ameritas Life, Ameritas Life of New York, Acacia Life, Union Central Life and affiliated companies retain their individual identity while benefiting from combined financial strength and scale to realize new growth opportunities. Within the mutual holding company structure, UNIFI Mutual Holding Company is the parent company and owns Ameritas Holding Company. Ameritas Holding Company, in turn, owns 100 percent of the stock of Ameritas Life Insurance Corp. (Ameritas Life) and Summit Investment Advisors, Inc. Ameritas Life Insurance Corp. of New York, Acacia Life Insurance Company and The Union Central Life Insurance Company are wholly owned subsidiaries of Ameritas Life.
Company History
OUR HISTORY: AMERITAS LIFE
In 1887, there were no local insurance companies in Lincoln, Nebraska. Five local businessmen
saw that as an opportunity, and on April 6, 1887, Old Line Bankers Life Insurance Company of
Nebraska (Bankers Life) was formed.
During the first half of the 20th century Bankers Life grew from a small company serving a
limited Midwest geographical area to one of the nation’s 100 largest insurance companies with
operations extending to both coasts.
In the 1980s and 1990s, subsidiaries were formed to offer and underwrite variable insurance
products; security and investment products; and dental insurance, individual and low-load life
insurance and annuity products in New York.
In 1988, Bankers Life changed its name to Ameritas Life Insurance Corp. (Ameritas Life) to reflect
its broad product line and national scope. The American bison was chosen as the new logo. A widely
recognized image, it suggests strength and represents a Midwestern heritage and work ethic.
In 1998, Ameritas Mutual Insurance Holding Company was formed, then merged in 1999 with
Acacia Mutual Holding Corporation to form Ameritas Acacia Mutual Holding Company (The
Ameritas Acacia Companies)—the first ever merger of two mutual holding companies. In 2006,
Ameritas Acacia Mutual Holding Company merged with Union Central Mutual Holding Company
and was renamed UNIFI Mutual Holding Company (UNIFI Companies).
Notable Accomplishments / Recognition
{ facts
Corporate Structure:
Mutual Holding Company
State of Domicile: Nebraska
Headquarters: Lincoln, Nebraska
Office Locations: Lincoln, Neb.;
New York, N.Y.; Bethesda, Md.;
Cincinnati, Ohio; San Antonio, Texas;
Wayne, Neb.; Fallbrook (Lincoln, Neb.);
and Falls Church, Va.
Policyholders/Members:
Approximately 425,000
Assets Under Management:
Nearly $33.2 billion
Life Insurance In Force:
Approximately $78.2 billion
Total GAAP Assets:
Approximately $17.6 billion
Total GAAP Equity:
Approximately $2.3 billion
Number of Associates:
Approximately 2,300 nationwide
Products and Services: life insurance;
annuities; individual disability income
insurance; group dental, vision and
hearing care insurance; retirement
plans; investments; mutual funds; asset
management; banking and public finance
Financial information as of December 31, 2010
{ financial strength
The financial strength and operating performance of Ameritas Life Insurance Corp., Ameritas Life
Insurance Corp. of New York, Acacia Life Insurance Company and The Union Central Life Insurance
Company are reflected in strong group ratings by independent rating agencies.
Standard & Poor’s
A+ (Strong) for insurer financial strength. This is the fifth highest of Standard & Poor’s 21 ratings.
A.M. Best Company
A (Excellent) for financial strength and operating performance. This the third highest of
A.M. Best’s 15 ratings.