About The Transamerica Life: In their own words
Transamerica Insurance & Investment Group offers an array of innovative financial services and products designed to help individuals, families, and businesses build, protect, and preserve their hard-earned assets.
The companies that offer these products are members of the AEGON Insurance Group, an international organization headquartered in The Hague, The Netherlands.
The AEGON Insurance Group is one of the top 10 life insurance and financial services organizations in the world.
The original Transamerica life insurance company was founded in 1906. With more than a century of experience, Transamerica has built a reputation on solid management, sound decisions and consumer confidence. In 1999,Transamerica was acquired by AEGON.AEGON is one of the world?s leading life insurance and pension groups. With headquarters in The Hague, the Netherlands, AEGON?s businesses serve millions of customers throughout the Americas, Europe and Asia.
For information about AEGON?s financial results and strategies for weathering the current financial environment, please visit www.aegon.com.
Financial results, financial strength ratings and investment portfolios for Transamerica Life Insurance Company and our New York company, Transamerica Financial Life Insurance Company can be accessed at [TLIC, TFLIC]. While no company in the financial services industry is immune to the turmoil in today?s financial markets, the AEGON companies have a strong balance sheet, healthy cash flows and ample liquidity. AEGON?s business model is to sell long-term products to our customers and then to invest the premiums we receive in long-term assets.
Financial Overview
High Industry Ratings
Consistently high ratings are a direct reflection of the care with which we manage our business. Transamerica's life insurance subsidiaries have received high ratings from the industry's most respected independent rating services.
Financial Strength Ratings for Transamerica Life Insurance Company and Transamerica Financial Life Insurance Company.
| Agency |
Rating |
Description |
| A.M. Best |
A+ |
Superior |
| Standard & Poor´s |
AA- |
Very Strong |
| Moody´s |
A1 |
Good |
| Fitch |
AA |
Very Strong |
|
Ratings as of March 2009. Ratings shown represent current and independent opinions from the leading providers of ratings of insurance companies. After evaluating a company's financial condition and operating performance, these agencies assign ratings of a company's financial strength and ability to meet obligations to policyholders. A.M. Best's A+ rating is the second highest of 16 ratings, Standard & Poor's AA- rating is the fourth highest of 21 ratings, Moody's A1 rating is the fifth highest of 21 ratings, and Fitch's AA rating is the third highest of 24 ratings.
Financial Strength
The following figures are for Transamerica Life Insurance Company (TLIC) , and Financial Life Insurance Company (TFLIC) as of December 31, 2008.
| (in billions) |
TLIC |
TFLIC |
| Life Insurance In Force |
$1,107.3 |
$296.4 |
| Total Assets |
$103.9 |
$18.8 |
| Liabilities less AVR |
$97.7 |
$17.9 |
| Capital & Surplus |
$4.9 |
$0.8 |
| Net Worth |
$6.2 |
$0.9 |
The above figures are reported on a statutory basis, as prescribed by the Association of Insurance Commissioners. The Asset Valuation Reserve is excluded from Total Liabilities and is included in Net Worth. The assets of the parent company, holding company, or company combinations are not available to pay the claims of individual policies and contracts issued by the insurance companies.
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