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Home > Financial Services > Annuities > Ameritas Acacia Group
Ameritas Acacia Group
On January 1, 2006, Ameritas Life Insurance Corp., Acacia Life Insurance Company and The Union Central Life Insurance Company joined forces under the UNIFI Mutual Holding Company umbrella. Working as the UNIFI Companies, these life insurance companies and their associated companies present a broad choice of insurance and financial services to individuals, families and businesses.
Within the mutual holding company structure, UNIFI Mutual Holding Company is the parent company and owns Ameritas Holding Company. Ameritas Holding Company, consecutively, owns 100 percent of the stock of Ameritas Life Insurance Corp, Acacia Life Insurance Company and The Union Central Life Insurance Company. By amalgamating at the mutual holding company level, Acacia Life, Ameritas Life, Union Central Life and their affiliated companies maintain their uniqueness while benefiting from collective financial strength and scale to realize new growth prospects.
In 1922, the company changed its name to Acacia Mutual Life Association, borrowing the symbol of immortality from the Acacia tree. The newly-named Acacia Mutual Life Insurance Company started selling its products to more than just Masons in 1932. Acacia sustained its growth for decades. But in response to clients’ needs for a more full-service financial organization, Acacia purchased Calvert Group, Ltd. in 1984. Today, Calvert is a leader in socially responsible investing. In 1985, the company received Congressional approval for the creation of Acacia Federal Savings Bank. In 1997, Acacia Mutual Holding Corporation was formed. In 1999, Acacia Mutual Holding Corporation merged with Ameritas Mutual Insurance Holding Company to form Ameritas Acacia Mutual Holding Company.
Success came to Union Central early, as proof when its president, John Pattison, was voted Governor of Ohio in 1905. Further growth could be seen in the company’s new headquarters in downtown Cincinnati. Completed in 1913, the 34 story white building was the tallest skyscraper outside of New York City at the time, and is still a very important part of the skyline today.
During the 1980s, a broker dealer was formed to assist improve financial service offerings. On January 1, 2006, Union Central formed a mutual holding company. The Company believes that trust makes all the difference. From the commitment and honesty of people you work with, to the company's financial strength and steadiness. From the quality of the products and services offered, to the company's dedication to its clients and financial professionals.
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