Mutual of Omaha to Update Logo

"We believe the decision to retire our corporate symbol is the right thing to do and is consistent with our values and our desire to help overcome racial bias and stereotypes," Blackledge said. "We feel strongly our logo should reflect who we are as a company and our commitment to positive change."

The company has also added $1 million in funding for community-based initiatives and non-profit organizations committed to racial equity, inclusivity, economic equality and social justice, and it said it will provide its management team additional training on diversity and inclusion.

"The company will enhance its efforts to recruit, hire, promote, develop and retain a diverse workforce and heighten its focus on inclusive culture-shaping," the company said. "Performance expectations will be expanded to evaluate management on progress in these areas."

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