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Company Details
TRANSAMERICA LIFE INSURANCE COMPANY License Status :
Active
NAIC Number :
86231
Phone Number:
319-355-5539
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 |
|---|---|---|---|---|---|---|---|
| 2020 | Total Accident & Health | 0.12% | $85,520,225 | $86,119,718 | $55,569,951 | $52,231,376 | 60.65 % |
| 2020 | Total Individual Accident & Health | 0.31% | $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 | 2.17% | $58,840,221 | $59,267,412 | $32,289,698 | $31,743,246 | 53.56 % |
| 2020 | Individual Long Term Care | 1.81% | $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 | 0.02% | $35,193 | $35,386 | $17,144 | $16,852 | 47.62 % |
| 2020 | Total Group Accident & Health | 0.04% | $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 | 0.27% | $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 | 0.60% | $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 | 3.25% | $1,382,394,376 | $0 | $1,243,171,532 | $0 | N/A |
| 2020 | Total Individual Life | 1.62% | $345,842,082 | $0 | $509,794,457 | $0 | N/A |
| 2020 | Individual Whole Life | 1.14% | $16,134,051 | $0 | $15,945,067 | $0 | N/A |
| 2020 | Individual Term Life | 0.67% | $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 | 0.52% | $11,943,915 | $0 | $26,512,391 | $0 | N/A |
| 2020 | Individual Variable Annuities | 2.95% | $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 | 4.91% | $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 |
| 2019 | Total Accident & Health | 0.04% | $29,860,588 | $28,935,939 | $26,055,032 | $19,380,029 | 66.98 % |
| 2019 | Total Individual Accident & Health | 0.08% | $15,806,389 | $15,111,649 | $14,537,452 | $8,721,362 | 57.71 % |
| 2019 | Individual Comprehensive Medical Expense | 0.00% | $2,129 | $1,940 | $0 | $0 | 0.00 % |
| 2019 | Individual Medicare Supplement | 0.24% | $6,141,331 | $5,596,538 | $2,669,490 | $-3,567,581 | -63.75 % |
| 2019 | Individual Long Term Care | 1.76% | $9,048,039 | $8,913,052 | $11,514,713 | $12,108,935 | N/A |
| 2019 | Individual Specified Disease | 0.06% | $332,171 | $336,290 | $267,555 | $264,231 | 78.57 % |
| 2019 | Individual Accident Only | 0.09% | $242,463 | $226,892 | $77,823 | $-77,074 | -33.97 % |
| 2019 | Individual Disability Income | 0.00% | $6,890 | $6,295 | $1,920 | $-2,566 | -40.76 % |
| 2019 | Individual Dental | 0.00% | $7,501 | $6,836 | $0 | $0 | 0.00 % |
| 2019 | Individual Limited Benefit | 0.01% | $25,865 | $23,806 | $5,951 | $-4,583 | -19.25 % |
| 2019 | Total Group Accident & Health | 0.03% | $14,054,199 | $13,824,290 | $11,517,580 | $10,658,667 | 77.10 % |
| 2019 | Group Medicare Supplement | 0.29% | $5,037,725 | $4,995,978 | $4,862,428 | $4,260,213 | 85.27 % |
| 2019 | Group Long Term Care | 2.86% | $3,536,659 | $3,462,144 | $4,119,254 | $4,139,505 | N/A |
| 2019 | Group Specified Disease | 0.67% | $704,771 | $676,042 | $257,754 | $244,094 | 36.11 % |
| 2019 | Group Accident Only | 0.78% | $2,897,617 | $2,859,193 | $1,560,550 | $1,374,091 | 48.06 % |
| 2019 | Group Disability Income | 0.06% | $424,246 | $406,536 | $138,304 | $131,524 | 32.35 % |
| 2019 | Group Dental | 0.03% | $429,018 | $425,067 | $6,321 | $6,011 | 1.41 % |
| 2019 | Group Limited Benefit | 0.14% | $997,287 | $969,305 | $526,174 | $488,665 | 50.41 % |
| 2019 | Group Short Term Credit Disability | 0.00% | $-601 | $2,548 | $13,059 | $-19,172 | -752.43 % |
| 2019 | Group Medicare Part D | 0.00% | $27,477 | $27,477 | $33,736 | $33,736 | N/A |
| 2019 | Total Life | 1.29% | $409,277,033 | $0 | $796,613,606 | $0 | N/A |
| 2019 | Total Individual Life | 0.47% | $92,023,408 | $0 | $477,709,194 | $0 | N/A |
| 2019 | Individual Whole Life | 0.92% | $13,096,559 | $0 | $10,857,907 | $0 | N/A |
| 2019 | Individual Term Life | 0.35% | $4,548,062 | $0 | $6,786,590 | $0 | N/A |
| 2019 | Individual Universal Life | 1.07% | $17,196,641 | $0 | $29,539,867 | $0 | N/A |
| 2019 | Individual Graded Death Benefits | 0.39% | $124,288 | $0 | $604,486 | $0 | N/A |
| 2019 | Individual Variable Life | 0.02% | $131,586 | $0 | $2,272,659 | $0 | N/A |
| 2019 | Individual Ordinary Annuities | 0.32% | $7,624,618 | $0 | $32,086,725 | $0 | N/A |
| 2019 | Individual Variable Annuities | 0.72% | $49,170,146 | $0 | $395,560,960 | $0 | N/A |
| 2019 | Individual Deposit-Type Funds | 0.07% | $131,508 | $0 | $0 | $0 | N/A |
| 2019 | Total Group Life | 2.59% | $317,253,625 | $0 | $318,904,412 | $0 | N/A |
| 2019 | Group Whole Life | 0.18% | $161,046 | $0 | $428,558 | $0 | N/A |
| 2019 | Group Term Life | 0.10% | $1,389,694 | $0 | $1,449,120 | $0 | N/A |
| 2019 | Group Universal Life | 0.83% | $1,750,139 | $0 | $2,067,721 | $0 | N/A |
| 2019 | Group Graded Death Benefits | 5.84% | $1,809,681 | $0 | $2,377,657 | $0 | N/A |
| 2019 | Group Credit Life | 0.05% | $13,065 | $0 | $10,361 | $0 | N/A |
| 2019 | Group Ordinary Annuities | 0.00% | $130,516 | $0 | $9,595,826 | $0 | N/A |
| 2019 | Group Variable Annuities | 0.00% | $4,800 | $0 | $2,992,137 | $0 | N/A |
| 2019 | Group Other Considerations | 5.77% | $311,994,684 | $0 | $299,983,032 | $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 | 4.86% | 26 | 314 |
| 2021 | Medicare Supplement Insurance | 5.42% | 2 | 44 |
| 2021 | Health | 0.72% | 32 | 165 |
| 2021 | Life and Annuities | 1.90% | 54 | 367 |
| 2020 | Health | 0.54% | 39 | 228 |
| 2020 | Life and Annuities | 1.88% | 30 | 196 |
| 2020 | Long-Term Care Insurance | 4.93% | 30 | 332 |
| 2020 | Medicare Supplement Insurance | 3.62% | 1 | 26 |
| 2019 | Long-Term Care Insurance | 4.87% | 29 | 292 |
| 2019 | Medicare Supplement Insurance | 1.37% | 4 | 209 |
| 2019 | Health | 0.34% | 40 | 331 |
| 2019 | Life and Annuities | 0.87% | 33 | 387 |
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.