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 Company through a newly created holding company, Transamerica Corporation. 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, Transamerica became part of Aegon, N.V, a Dutch multinational life insurance and financial services firm, which serves more than 13 million customers in the U.S.