The companies of Transamerica offer a wide array of innovative financial services and products with a common purpose. Regardless of the distribution method, our mission is to help individuals, families, and businesses build, protect, and preserve their hard-earned assets. With more than a century of experience, we have built our reputation on solid management, sound decisions, and consumer confidence.
The Transamerica companies are members of the AEGON Group, a multinational insurance organization headquartered in The Hague, The Netherlands. AEGON is one of the worldâ€™s leading life insurance and financial services organizations.
The original Transamerica life insurance company was founded in 1906. With more than a century of experience, Transamerica has built a reputation on solid management, sound decisions and consumer confidence. In 1999, Transamerica was acquired by AEGON N.V. AEGON N.V. is an international life insurance, pension and investment company with headquarters in The Hague, the Netherlands.
AEGON is one of the world’s leading life insurance and pension groups. With headquarters in The Hague, the Netherlands, AEGON’s businesses serve millions of customers throughout the Americas, Europe and Asia. For information about AEGON’s financial results and strategies, please visit www.aegon.com.
While no company in the financial services industry is immune to the turmoil in today’s financial markets, the AEGON companies have a strong balance sheet, healthy cash flows and ample liquidity. AEGONâ€™s business model is to sell long-term products to their customers and then to invest the premiums received in long-term assets.
We at Transamerica will continue to do as we have always done, and that is to focus on delivering quality products and service to our customers and distributors.
High Industry Ratings
Consistently high ratings are a direct reflection of the care with which we manage our business. Transamerica’s life insurance subsidiaries have received high ratings from the industry’s most respected independent rating services.
Financial Strength Ratings for Transamerica Life Insurance Company and Transamerica Financial Life Insurance Company.
|Standard & Poor’s||AA-||Very Strong|
Ratings as of November, 2010. Ratings shown represent current and independent opinions from the leading providers of ratings of insurance companies. After evaluating a company’s financial condition and operating performance, these agencies assign ratings of a company’s financial strength and ability to meet obligations to policyholders. A.M. Best’s A+ rating is the second highest of 16 ratings, Standard & Poor’s AA- rating is the fourth highest of 21 ratings, Moody’s A1 rating is the fifth highest of 21 ratings, and Fitch’s AA- rating is the fourth highest of 19 ratings.
The following figures are for Transamerica Life Insurance Company (TLIC), and Transamerica Financial Life Insurance Company (TFLIC) as of December 31, 2009.
|($ US Billions)||TLIC||TFLIC|
|Life Insurance In Force||$1,155||$297|
|Total Capital & Surplus*||$5.9||$1.0|
*Excludes asset valuation reserve
The above figures are reported on a statutory basis, as prescribed by the National Association of Insurance Commissioners. The assets of the parent company, holding company, or company combinations are not available to pay the claims of individual policies and contracts issued by the insurance companies.
Transamerica Life Insurance Company, Cedar Rapids, IA 52499, and Transamerica Financial Life Insurance Company, Harrison, NY 10528, are part of the AEGON companies.
Transamerica Financial Life Insurance Company is authorized to conduct business in New York. Transamerica Life Insurance Company is authorized to conduct business in all other states.