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Company Details
TRANSAMERICA LIFE INSURANCE COMPANY License Status :
Active
NAIC Number :
86231
Phone Number:
3193555539
Company Address:
6400 C STREET SW
CEDAR RAPIDS, IA 52499
Description:
Life and Health
License Number:
A419839
Date Admitted:
1969-06-25
Market Share
Link to Supplemental Data Page
| Year | Line | Market Share | Direct Premium Written | Direct Premium Earned | Direct Losses Paid | Direct Losses Incurred | Loss Ratio |
|---|---|---|---|---|---|---|---|
| 2022 | Total Accident & Health | 0.11% | $72,857,001 | $73,322,478 | $65,115,840 | $66,371,880 | 90.52 % |
| 2022 | Total Individual Accident & Health | 0.26% | $55,943,785 | $56,326,016 | $52,138,264 | $52,234,549 | 92.74 % |
| 2022 | Individual Comprehensive Medical Expense | 0.00% | $1,573 | $1,585 | $0 | $0 | 0.00 % |
| 2022 | Individual Medicare Supplement | 1.78% | $47,768,933 | $48,126,044 | $39,987,789 | $39,240,612 | 81.54 % |
| 2022 | Individual Long Term Care | 1.59% | $7,700,243 | $7,722,570 | $11,344,663 | $12,173,478 | N/A |
| 2022 | Individual Specified Disease | 0.03% | $245,546 | $246,730 | $588,176 | $604,387 | N/A |
| 2022 | Individual Accident Only | 0.06% | $191,325 | $192,634 | $210,892 | $208,049 | N/A |
| 2022 | Individual Disability Income | 0.00% | $3,843 | $3,882 | $2,812 | $4,165 | N/A |
| 2022 | Individual Dental | 0.00% | $6,017 | $6,062 | $0 | $0 | 0.00 % |
| 2022 | Individual Limited Benefit | 0.00% | $26,305 | $26,509 | $3,932 | $3,858 | 14.55 % |
| 2022 | Total Group Accident & Health | 0.04% | $16,913,216 | $16,996,462 | $12,977,576 | $14,137,331 | 83.18 % |
| 2022 | Group Comprehensive Medical Expense - Small Employer | 0.00% | $2,052 | $2,067 | $0 | $0 | 0.00 % |
| 2022 | Group Medicare Supplement | 0.16% | $3,880,032 | $3,908,327 | $3,781,708 | $3,673,974 | 94.00 % |
| 2022 | Group Long Term Care | 2.06% | $2,488,772 | $2,481,308 | $2,579,654 | $4,001,676 | N/A |
| 2022 | Group Specified Disease | 0.69% | $686,774 | $686,526 | $253,424 | $255,676 | 37.24 % |
| 2022 | Group Accident Only | 0.69% | $2,879,048 | $2,897,155 | $1,329,331 | $1,293,721 | 44.65 % |
| 2022 | Group Disability Income | 0.04% | $337,659 | $337,403 | $131,984 | $133,884 | 39.68 % |
| 2022 | Group Dental | 0.02% | $274,037 | $275,989 | $3,760 | $3,820 | 1.38 % |
| 2022 | Group Limited Benefit | 0.66% | $6,364,842 | $6,407,687 | $4,897,715 | $4,774,580 | 74.51 % |
| 2022 | Total Life | 1.12% | $443,997,258 | $0 | $878,641,904 | $0 | N/A |
| 2022 | Total Individual Life | 0.32% | $81,978,580 | $0 | $487,681,876 | $0 | N/A |
| 2022 | Individual Whole Life | 1.27% | $19,387,152 | $0 | $15,987,014 | $0 | N/A |
| 2022 | Individual Term Life | 0.53% | $7,827,843 | $0 | $7,470,022 | $0 | N/A |
| 2022 | Individual Universal Life | 1.01% | $18,233,178 | $0 | $26,734,907 | $0 | N/A |
| 2022 | Individual Graded Death Benefits | 0.37% | $136,224 | $0 | $167,258 | $0 | N/A |
| 2022 | Individual Variable Life | 0.53% | $2,548,763 | $0 | $13,680,680 | $0 | N/A |
| 2022 | Individual Ordinary Annuities | 0.02% | $937,780 | $0 | $29,599,163 | $0 | N/A |
| 2022 | Individual Variable Annuities | 0.42% | $32,817,747 | $0 | $394,042,832 | $0 | N/A |
| 2022 | Individual Equity Indexed Annuities | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2022 | Individual Deposit-Type Funds | 0.01% | $89,893 | $0 | $0 | $0 | N/A |
| 2022 | Total Group Life | 2.52% | $362,018,678 | $0 | $390,960,028 | $0 | N/A |
| 2022 | Group Whole Life | 0.19% | $175,736 | $0 | $459,000 | $0 | N/A |
| 2022 | Group Term Life | 0.10% | $1,461,797 | $0 | $1,769,918 | $0 | N/A |
| 2022 | Group Universal Life | 0.50% | $2,287,821 | $0 | $1,857,728 | $0 | N/A |
| 2022 | Group Graded Death Benefits | 6.01% | $1,446,117 | $0 | $2,310,377 | $0 | N/A |
| 2022 | Group Credit Life | 0.04% | $7,779 | $0 | $10,658 | $0 | N/A |
| 2022 | Group Ordinary Annuities | 0.00% | $81,530 | $0 | $12,065,994 | $0 | N/A |
| 2022 | Group Variable Annuities | 0.00% | $0 | $0 | $2,435,913 | $0 | N/A |
| 2022 | Group Deposit-Type Funds | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2022 | Group Other Considerations | 5.76% | $356,557,898 | $0 | $370,050,440 | $0 | N/A |
| 2021 | Total Accident & Health | 0.10% | $79,626,386 | $80,616,406 | $54,709,259 | $49,864,627 | 61.85 % |
| 2021 | Total Individual Accident & Health | 0.27% | $63,270,839 | $63,334,821 | $44,274,531 | $39,905,583 | 63.01 % |
| 2021 | Individual Comprehensive Medical Expense | 0.00% | $1,656 | $1,669 | $16,246 | $16,040 | N/A |
| 2021 | Individual Medicare Supplement | 1.71% | $54,042,014 | $54,441,664 | $31,697,266 | $31,296,454 | 57.49 % |
| 2021 | Individual Long Term Care | 1.66% | $8,697,720 | $8,359,604 | $11,812,211 | $7,846,921 | 93.87 % |
| 2021 | Individual Specified Disease | 0.03% | $273,875 | $274,627 | $642,786 | $641,280 | N/A |
| 2021 | Individual Accident Only | 0.07% | $212,932 | $214,320 | $85,953 | $84,961 | 39.64 % |
| 2021 | Individual Disability Income | 0.00% | $5,777 | $5,802 | $891 | $880 | 15.17 % |
| 2021 | Individual Dental | 0.00% | $6,695 | $6,744 | $0 | $0 | 0.00 % |
| 2021 | Individual Limited Benefit | 0.01% | $30,170 | $30,391 | $19,178 | $19,047 | 62.67 % |
| 2021 | Total Group Accident & Health | 0.03% | $16,355,547 | $17,281,585 | $10,434,728 | $9,959,044 | 57.63 % |
| 2021 | Group Comprehensive Medical Expense - Small Employer | 0.00% | $2,125 | $2,266 | $0 | $0 | 0.00 % |
| 2021 | Group Medicare Supplement | 0.20% | $4,375,962 | $4,667,356 | $3,588,539 | $3,554,856 | 76.16 % |
| 2021 | Group Long Term Care | 2.23% | $2,671,936 | $2,813,748 | $2,346,837 | $1,909,888 | 67.88 % |
| 2021 | Group Specified Disease | 0.76% | $782,332 | $788,922 | $261,860 | $271,553 | 34.42 % |
| 2021 | Group Accident Only | 0.90% | $3,265,674 | $3,456,855 | $1,381,773 | $1,373,565 | 39.73 % |
| 2021 | Group Disability Income | 0.06% | $426,619 | $429,089 | $153,778 | $160,043 | 37.30 % |
| 2021 | Group Dental | 0.02% | $331,406 | $353,260 | $674 | $702 | 0.20 % |
| 2021 | Group Limited Benefit | 0.49% | $4,499,493 | $4,769,088 | $2,700,867 | $2,688,243 | 56.37 % |
| 2021 | Group Short Term Credit Disability | 0.00% | $0 | $1,001 | $0 | $-206 | -20.58 % |
| 2021 | Group Medicare Part D | 0.00% | $0 | $0 | $400 | $400 | N/A |
| 2021 | Total Life | 1.16% | $408,733,538 | $0 | $1,117,628,676 | $0 | N/A |
| 2021 | Total Individual Life | 0.42% | $93,507,219 | $0 | $689,132,614 | $0 | N/A |
| 2021 | Individual Whole Life | 1.12% | $18,912,799 | $0 | $17,177,547 | $0 | N/A |
| 2021 | Individual Term Life | 0.49% | $6,613,387 | $0 | $7,839,812 | $0 | N/A |
| 2021 | Individual Universal Life | 1.06% | $19,304,773 | $0 | $64,030,365 | $0 | N/A |
| 2021 | Individual Graded Death Benefits | 0.46% | $156,294 | $0 | $159,451 | $0 | N/A |
| 2021 | Individual Variable Life | 0.33% | $1,698,002 | $0 | $6,797,116 | $0 | N/A |
| 2021 | Individual Ordinary Annuities | 0.15% | $4,498,128 | $0 | $27,315,271 | $0 | N/A |
| 2021 | Individual Variable Annuities | 0.48% | $42,216,992 | $0 | $565,813,052 | $0 | N/A |
| 2021 | Individual Equity Indexed Annuities | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2021 | Individual Deposit-Type Funds | 0.07% | $106,844 | $0 | $0 | $0 | N/A |
| 2021 | Total Group Life | 2.45% | $315,226,319 | $0 | $428,496,062 | $0 | N/A |
| 2021 | Group Whole Life | 0.20% | $197,842 | $0 | $708,960 | $0 | N/A |
| 2021 | Group Term Life | 0.09% | $1,554,919 | $0 | $2,183,079 | $0 | N/A |
| 2021 | Group Universal Life | 1.62% | $2,230,696 | $0 | $1,366,360 | $0 | N/A |
| 2021 | Group Graded Death Benefits | 6.10% | $1,609,879 | $0 | $2,375,799 | $0 | N/A |
| 2021 | Group Credit Life | 0.04% | $9,172 | $0 | $17,747 | $0 | N/A |
| 2021 | Group Ordinary Annuities | 0.00% | $134,655 | $0 | $12,040,930 | $0 | N/A |
| 2021 | Group Variable Annuities | 0.00% | $0 | $0 | $4,927,215 | $0 | N/A |
| 2021 | Group Deposit-Type Funds | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2021 | Group Other Considerations | 5.40% | $309,489,156 | $0 | $404,875,972 | $0 | N/A |
Enforcements
The department has not taken enforcement action against this company in the past three years.
Complaint Index
| Year | Line | Market Share | Number of Complaints | Complaint Index |
|---|---|---|---|---|
| 2022 | Health | 0.82% | 23 | 111 |
| 2022 | Life and Annuities | 1.75% | 71 | 559 |
| 2022 | Long-Term Care Insurance | 4.57% | 18 | 256 |
| 2022 | Medicare Supplement Insurance | 6.96% | 2 | 37 |
| 2021 | Medicare Supplement Insurance | 5.44% | 2 | 44 |
| 2021 | Health | 0.67% | 32 | 165 |
| 2021 | Life and Annuities | 1.90% | 54 | 367 |
| 2021 | Long-Term Care Insurance | 4.87% | 26 | 314 |
Company Changes
Effective Date: 10/01/2008
Comments: Life Investors Insurance Company of America merged with and into Transamerica Life Insurance Company
Effective Date: 10/01/2005
Comments: Transamerica Life Insurance and Annuity Company merged with and into Transamerica Life Insurance Company.
Effective Date: 10/01/2004
Comments: Transamerica Assurance Company merged with and into Transamerica Life Insurance Company.
Effective Date: 03/01/2001
Comments: PFL Life Insurance Co. changed its name to Transamerica Life Insurance Co.
Effective Date: 10/01/2015
Comments: Effective 10/01/15 Stonebridge Life Insurance Company NAIC CO #65021 merged with and into Transamerica Life Insurance Company.
Effective Date: 07/01/2019
Comments: Effective 7/1/19 Transamerica Advisors Life Insurance Company merged with and into Transamerica Life Insurance Company
Effective Date: 10/01/2020
Comments: Effective 10/01/2020 Transamerica Premier Life Insurance Company merged with and into the above company.
Market Conduct
Date: 09/20/2013
TransamericaRegulatorySettlementAgreement.pdf
Date: 06/11/2019
Date: 06/11/2019
Date: 09/04/2019
Date: 05/04/2021
Date: 08/25/2021
Financial Exams
This company does not have any financial exams.