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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 |
|---|---|---|---|---|---|---|---|
| 2021 | Total Accident & Health | 0.11% | $79,626,386 | $80,616,406 | $54,709,259 | $49,864,627 | 61.85 % |
| 2021 | Total Individual Accident & Health | 0.28% | $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 | 1.77% | $54,042,014 | $54,441,664 | $31,697,266 | $31,296,454 | 57.49 % |
| 2021 | Individual Long Term Care | 1.69% | $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 | 0.22% | $4,375,962 | $4,667,356 | $3,588,539 | $3,554,856 | 76.16 % |
| 2021 | Group Long Term Care | 2.24% | $2,671,936 | $2,813,748 | $2,346,837 | $1,909,888 | 67.88 % |
| 2021 | Group Specified Disease | 0.77% | $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 | 0.51% | $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 | 1.17% | $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 | 1.13% | $18,912,799 | $0 | $17,177,547 | $0 | N/A |
| 2021 | Individual Term Life | 0.50% | $6,613,387 | $0 | $7,839,812 | $0 | N/A |
| 2021 | Individual Universal Life | 1.07% | $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 | 0.10% | $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 |
| 2020 | Total Accident & Health | 0.11% | $85,520,225 | $86,119,718 | $55,569,951 | $52,231,376 | 60.65 % |
| 2020 | Total Individual Accident & Health | 0.29% | $68,470,508 | $68,910,759 | $45,338,188 | $42,104,445 | 61.10 % |
| 2020 | Individual Comprehensive Medical Expense | 0.00% | $1,657 | $1,669 | $0 | $0 | 0.00 % |
| 2020 | Individual Medicare Supplement | 1.96% | $58,840,221 | $59,267,412 | $32,289,698 | $31,743,246 | 53.56 % |
| 2020 | Individual Long Term Care | 1.74% | $9,034,545 | $9,052,095 | $12,342,640 | $9,676,017 | N/A |
| 2020 | Individual Specified Disease | 0.05% | $314,463 | $309,412 | $581,911 | $563,372 | N/A |
| 2020 | Individual Accident Only | 0.08% | $230,731 | $230,991 | $106,795 | $104,958 | 45.44 % |
| 2020 | Individual Disability Income | 0.00% | $6,666 | $6,710 | $0 | $0 | 0.00 % |
| 2020 | Individual Dental | 0.00% | $7,032 | $7,084 | $0 | $0 | 0.00 % |
| 2020 | Individual Limited Benefit | 0.01% | $35,193 | $35,386 | $17,144 | $16,852 | 47.62 % |
| 2020 | Total Group Accident & Health | 0.03% | $17,049,717 | $17,208,959 | $10,231,763 | $10,126,931 | 58.85 % |
| 2020 | Group Comprehensive Medical Expense - Small Employer | 0.00% | $2,103 | $2,119 | $0 | $0 | 0.00 % |
| 2020 | Group Medicare Supplement | 0.26% | $4,797,970 | $4,834,301 | $3,673,926 | $3,522,078 | 72.86 % |
| 2020 | Group Long Term Care | 2.34% | $2,803,271 | $2,829,836 | $2,529,203 | $2,741,150 | 96.87 % |
| 2020 | Group Specified Disease | 0.75% | $701,970 | $715,994 | $276,331 | $265,371 | 37.06 % |
| 2020 | Group Accident Only | 1.03% | $3,539,840 | $3,571,234 | $1,123,273 | $1,077,023 | 30.16 % |
| 2020 | Group Disability Income | 0.06% | $397,593 | $404,976 | $133,827 | $128,549 | 31.74 % |
| 2020 | Group Dental | 0.03% | $369,382 | $372,194 | $6,741 | $6,476 | 1.74 % |
| 2020 | Group Limited Benefit | 0.58% | $4,437,649 | $4,477,328 | $2,478,543 | $2,376,628 | 53.08 % |
| 2020 | Group Short Term Credit Disability | 0.00% | $-61 | $977 | $459 | $196 | 20.06 % |
| 2020 | Group Medicare Part D | 0.00% | $0 | $0 | $9,460 | $9,460 | N/A |
| 2020 | Total Life | 3.21% | $1,382,394,376 | $0 | $1,243,171,532 | $0 | N/A |
| 2020 | Total Individual Life | 1.59% | $345,842,082 | $0 | $509,794,457 | $0 | N/A |
| 2020 | Individual Whole Life | 1.12% | $16,134,051 | $0 | $15,945,067 | $0 | N/A |
| 2020 | Individual Term Life | 0.66% | $9,001,303 | $0 | $10,151,536 | $0 | N/A |
| 2020 | Individual Universal Life | 1.21% | $20,481,849 | $0 | $48,632,362 | $0 | N/A |
| 2020 | Individual Graded Death Benefits | 0.54% | $174,702 | $0 | $901,830 | $0 | N/A |
| 2020 | Individual Variable Life | 0.65% | $3,010,531 | $0 | $13,842,651 | $0 | N/A |
| 2020 | Individual Ordinary Annuities | 0.51% | $11,943,915 | $0 | $26,512,391 | $0 | N/A |
| 2020 | Individual Variable Annuities | 2.89% | $284,944,520 | $0 | $393,808,620 | $0 | N/A |
| 2020 | Individual Equity Indexed Annuities | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2020 | Individual Deposit-Type Funds | 0.10% | $151,211 | $0 | $0 | $0 | N/A |
| 2020 | Total Group Life | 4.86% | $1,036,552,294 | $0 | $733,377,075 | $0 | N/A |
| 2020 | Group Whole Life | 0.14% | $223,173 | $0 | $659,384 | $0 | N/A |
| 2020 | Group Term Life | 0.12% | $1,701,825 | $0 | $1,769,029 | $0 | N/A |
| 2020 | Group Universal Life | 2.24% | $2,019,853 | $0 | $2,236,135 | $0 | N/A |
| 2020 | Group Graded Death Benefits | 6.26% | $1,784,860 | $0 | $2,133,415 | $0 | N/A |
| 2020 | Group Credit Life | 0.05% | $10,087 | $0 | $0 | $0 | N/A |
| 2020 | Group Ordinary Annuities | 0.02% | $413,874 | $0 | $14,538,638 | $0 | N/A |
| 2020 | Group Variable Annuities | 0.00% | $1,600 | $0 | $3,065,270 | $0 | N/A |
| 2020 | Group Deposit-Type Funds | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2020 | Group Other Considerations | 6.86% | $1,030,397,022 | $0 | $708,975,204 | $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 |
|---|---|---|---|---|
| 2021 | Long-Term Care Insurance | 4.87% | 26 | 314 |
| 2021 | Medicare Supplement Insurance | 5.44% | 2 | 44 |
| 2021 | Health | 0.67% | 32 | 165 |
| 2021 | Life and Annuities | 1.90% | 54 | 367 |
| 2020 | Health | 0.50% | 39 | 228 |
| 2020 | Life and Annuities | 1.88% | 30 | 196 |
| 2020 | Long-Term Care Insurance | 4.95% | 30 | 332 |
| 2020 | Medicare Supplement Insurance | 3.63% | 1 | 26 |
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.