Life - Life Insurance
by an act of Congress in 1869.
130 years of financial strength and stability
Company of The Acacia Group®
A.M. Best (A)
Duff and Phelps (AA)
Standard and Poors (AA)
a full line of Life Insurance and Annuity Products
Mutual Holding Company of Washington, D.C. and Ameritas Mutual
Insurance Holding Company of Lincoln, Nebraska announced their
intent to form an affiliation of their respective mutual holding
companies, merging them to form Ameritas Acacia Mutual Holding
Company. The Boards of Directors of both companies approved
on September 14, 1998, the first ever merger of two mutual
insurance holding companies, subject to regulatory approvals
and a favorable member vote expected later this year. This
strategic affiliation will create a stronger, more diversified
insurance and financial services enterprise, with almost $11
billion assets under management, GAAP insurance assets of
$6 billion, $21 billion life insurance in-force, $750+ million
in revenues and approximately $750 million GAAP equity/capital.
Ameritas Chairman and CEO, Larry Arth, stated that the proposed
affiliation "creates a partnership where two strong and
growing companies join together, with diversified product
lines that are complementary and fit our strategic vision
of the future. Together we can leverage our respective areas
of expertise to create a stronger organization which will
be better able to compete in tomorrows dynamic market
Nason, Chairman and CEO of Acacia, commented that "the
affiliation of the two mutual holding companies would serve
as a model organizational combination that is
unique in the industry, providing the opportunity for enhancing
critical mass and achieving economies of scale for both organizations,
while retaining separate insurance company corporate identities
and brand names in the market place going forward."
Ameritas Life and Acacia Life will remain stock subsidiary
companies to the holding company, maintaining their respective
domiciliary states and executive office locations, they intend
to benefit from forming a combined service company/division
that will offer administrative and operational support services
to both insurance organizations. They expect improved unit
costs, more effective product development, and better technologies
for customer service as a result of this initiative.
will become Chairman and CEO, with Nason as Vice Chairman
and President of the newly formed mutual holding company,
with both individuals retaining their respective titles and
responsibilities at the subsidiary company levels within the
holding company. The Ameritas companies had approximately
3.5 billion GAAP assets, 430 million GAAP revenue, and 461
million GAAP equity as of 12/31/97. Ameritas and its subsidiaries
specialize in variable life, fixed and variable annuities,
group dental, low load insurance products and 401K and other
in active and fair competition.
Acacia Group had 2.3 billion GAAP assets, 7.1 billion assets
under management, 291 million revenue and 260 million GAAP
equity as of 12/31/97. Acacia and its related subsidiaries
offer traditional life and annuties, as well as variable products,
special banking products and services, a variety of mutual
funds, and operate a full service financial planning broker
Build Financial Security and Independence
help to provide financial security and independence for individuals,
families, and businesses. Before you can achieve financial
independence, you must be financially secure.
you build a house, you must build a foundation. The foundation
is insurance, making sure your financial plan is Self Completing.
financial plan assumes your plans for your family or business
will include your being able to see the plan through. But
plans for college education, mortgage payoff, retirement,
asset acquisition, and countless others can be interrupted
by premature death or disability. Insurance makes sure your
financial plan is completed!
Acacia Financial Planning Services
management and insurance programs
planning or post-retirement planning
planning, transferring assets to family or charities
assets in case of future incapacity
opportunities or problems
financial situations and progress
compensated by fees for services based on complexity of effort.
can expect an Acacia Account Manager to provide:
precise explanations providing as much detail as requested.
to help clients meet plan objectives.
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more information about Acacia's financial planning services,
contact an Acacia Financial Center nearest you.