Company continues to achieve both rapid growth and exceptional loss ratio results
OMAHA, NE, July 13, 2022 –Omaha National Group, Inc. (“Omaha National”), a leading tech-enabled provider of workers’ compensation insurance today announced it has surpassed $150 million of in-force premium. Omaha National employs advanced, proprietary technology to achieve superior underwriting results and better claim outcomes for small and mid-size businesses across America.
“The exceptional growth we have achieved since selling our first policy in October 2017 while still generating loss ratios significantly lower than industry average is a testament to the skill of our talented sales, underwriting and claims professionals,” said Omaha National Chief Sales and Marketing Officer Chris LaMantia. “We look forward to continuing to work with our agency partners to achieve ongoing success in the future.”
Reaching the milestone of $150 million of in-force premium is the latest accomplishment for the company as Omaha National continues to scale its business. Over the last 18 months, Omaha National has:
- Announced its move to a new headquarters: Omaha National moved in June 2022 to a larger office space at a high-profile location in midtown Omaha.
- Appointed its COO: Bryan Connolly, who had served as the company’s Chief Financial Officer for more than four years, became Omaha National’s Chief Operations Officer in June 2022.
- Achieved an A- financial strength rating from AM Best: In May 2022, AM Best assigned the company a Financial Strength Rating of A- (Excellent)
- Welcomed additional exceptional investors to the company, and separately a debt financing to support Omaha National’s growth: To date the company has raised $105 million in funding from lead investor Agman, as well as Accomplice, HighSage Ventures, Tull Investments, and Cohen & Co.
About Omaha National:
Omaha National serves the businesses that build America and keep it running; small to mid-size companies where people work with their hands and have a greater risk of being injured. Our proprietary software application, Oncore, empowers our employees to better serve our customers and their injured workers. Omaha National offers AM Best A- (Excellent) rated workers’ compensation coverage through more than 2,500 agencies. Since our launch in 2016, the company has grown to more than 200 employees and more than $150 million of in-force premiums.