Transamerica Corporation is an American holding company for various life insurance companies and investment firms operating primarily in the United States, offering life and supplemental health insurance, investments, and retirement services.
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Transamerica Corporation has major offices located in Baltimore, Maryland; Cedar Rapids, Iowa; Denver, Colorado; Norwood, Massachusetts; Exton, Pennsylvania; Harrison, New York; Johns Creek, Georgia; Plano, Texas; and St Petersburg, Florida.
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In October 1928, Giannini created a holding company that he named the Trans-America Transamerica Corporation, which owned Bank of America, Bank of Italy, Bancitaly Transamerica Corporation, National Bankitaly Company, California Joint Stock Land Bank, and Banca d'America e d'Italia, which gave it assets in excess of $1.
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In March 1930, Transamerica Corporation acquired Occidental Life Insurance Company, founded in 1906.
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Transamerica Corporation Occidental merged into Transamerica Corporation Life Insurance Company on October 1,2008.
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Transamerica Corporation companies offer a variety of mutual funds and annuities.
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Transamerica Corporation has over 15,000 licensed insurance agents just in the state of California.
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In December 2020, Transamerica Corporation announced it would no longer sell variable annuities with benefit riders and fixed index annuities and is exiting the standalone long-term care market.
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Transamerica Corporation is a long-time sponsor of Cedar Rapids native and 12-time PGA Tour winner Zach Johnson.
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Transamerica Corporation has an additional sponsorship agreement with Rapids and United States national team goalkeeper Tim Howard.
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The Transamerica Corporation Institute is funded by contributions from Transamerica Corporation Life Insurance Company.
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