Moody's affirms Mutual of Omaha

Moody's Investors Service said it has affirmed the ratings and changed the outlooks of Mutual of Omaha Insurance Co. (Aa3 insurance financial strength rating) and its subsidiary United of Omaha Life Insurance Co. (Aa3 IFS rating) to stable from negative.

Moody's said that Mutual of Omaha has made improvements in its risk profile in recent years.

These include the following: bolstering the credit profile of its investment portfolio, focusing its business profile on market segments where the company is more competitively positioned, better managing expense levels and improving the productivity of its distribution operations, the agency noted.

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