Ameritas Mutual Holding (formerly UNIFI Mutual Holding) respects the individuality of its subsidiaries, but likes to keep them all in one place. The company primarily operates through Ameritas Life Insurance and First Ameritas Life Insurance Corp. of New York. Its companies provide life insurance and annuity products nationwide and offer such services as financial planning and workplace investing. Its investment firms boast some $33 billion of assets under management. Other companies under its umbrella include socially responsible mutual fund manager Calvert Group, and retail mortgage lender Acacia Federal Savings Bank in Virginia.
With roots reaching back as far as 1867, Ameritas is the result of a 2006 merger between the Ameritas Acacia Companies and Union Central Mutual Holding. It held the name UNIFI Mutual Holding until 2012 when it changed its name to Ameritas in order to better support its national brand identity. Union Central Life Insurance and Acacia Life Insurance remain two of the company's subsidiaries, but in 2010 the company chose to redirect the sale of its products through Ameritas Life and First Ameritas Life Insurance Corp. of New York. Meanwhile, Union Central Life and Acacia Life maintain their services to existing customers.
The company targets its marketing efforts towards middle- to upper-income individuals across the US, using a network of general agents, advisors, and independent brokers to distribute its products. Other units within Ameritas Life include Ameritas Retirement Plans and Ameritas Group which provides dental and eye care plans. Ameritas Investment Corp and Summit Investment Partners offer investment advice and asset management.
In late 2011 Ameritas Life acquired BNL Financial Corporation, parent company of Austin, Texas-based insurance firm Brokers National Life Assurance Company. The deal resulted in BNL operating as an Ameritas Life subsidiary. – less