Transamerica Life Insurance

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About Transamerica Life Insurance Company

Company information

Transamerica was built on the idea that financial security should be available to everyone. The company can trace its roots back to 1904 when Amadeo Giannini founded the Bank of Italy in San Francisco and gave residents loans to rebuild after the devastating 1906 earthquake and fire.

In 1928, he consolidated his bank into what would become Bank of America, and two years later acquired the Occidental Life Insurance Co. through a newly created holding company, Transamerica Corp. When the Bank Holding Company Act of 1956 made companies choose to divest its banks or its non-bank investments, Transamerica chose insurance. The company moved its headquarters into the iconic Transamerica Pyramid building when construction was completed in 1972.

In 1999, Aegon, a Dutch company, purchased Transamerica, giving Transamerica the ability to continue spearheading its U.S. operations – now Aegon’s largest market. Transamerica currently has 12.5 million total insurance policies in force, received an A rating from AM Best for financial strength, and secured a perfect score on the Human Rights Campaign’s Corporate Equality Index.

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