Transamerica Company Research Report

Company Overview

• Name: Transamerica Corporation

• Mission: Helping people live their best lives by providing financial planning and solutions tailored to individual needs, to take advantage of new opportunities presented by longer lifespans.

• Founded: The origins of Transamerica can be traced back to 1904 when Amadeo P. Giannini, a young immigrant, founded the Bank of Italy in San Francisco.

• Founder: Amadeo P. Giannini

• Key People:

• Will Fuller, President & CEO of Transamerica

• Mark W. Mullin, Chair of the Board

• Lard Friese, CEO of Aegon Ltd.

• Bonnie Gerst, President, Financial Assets

• Chris Giovanni, Chief Strategy & Development Officer

• Matt Keppler, Chief Financial Officer

• Pooja Rahman, Chief Risk Officer

• Holly Waters, Chief People and Places Officer

• Headquarters: Cedar Rapids, Iowa, USA

• Number of Employees: No information is available

• Revenue: $427 billion in revenue-generating investments

• Notable For: Providing financial services, including retirement, employee benefits, life insurance, annuities, investments, and partnerships with research institutions like MIT AgeLab.

Products

• Insurance:

• Whole Life Insurance, Term Life Insurance, Index Universal Life Insurance

• Description: Life insurance products catering to both individuals and businesses with varying needs.

• Key Features: Offers flexible terms, guaranteed death benefits, cash value accumulation, and premium rates that remain constant.

• Retirement:

• Employer Sponsored Retirement Plans and Pooled Employer Plans

• Description: Offers solutions for retirement security, tailored to fit organizations of all sizes.

• Key Features: Emphasis on expansion of coverage and focused participant experience with comprehensive tools.

• Investments:

• Mutual Funds, Responsible Investing

• Description: Investment products focusing on long-term financial security and ethical considerations.

• Key Features: Includes a careful selection process and alignment with long-term financial goals.

• Annuities:

• Performance and Advisor Resources

• Description: Provides options for securing a reliable income stream in retirement.

• Key Features: Broad range of annuity products designed to meet various retirement needs.

• Employee Benefits:

• Supplemental Health and Disability, Group Supplemental Life

• Description: Offers employee benefits solutions to complement employer-sponsored plans.

• Key Features: Tailored for comprehensive coverage and support for employees' diverse needs.

Recent Developments

• New Products Launched:

• FE Express Solution: An all-digital final expense life insurance product offering fast and efficient solutions.

• New Features Added to Existing Products:

• Disability Equality Index: Achieved a top score, enhancing company's commitment towards inclusive workplace practices.

• New Partnerships:

• Collaboration with Massachusetts Institute of Technology's AgeLab to explore longevity-related financial strategies.

• Recognition and Awards:

• Forbes ranked Transamerica among the top insurance companies for 2024.

• Recognized by Seramount among the Top 80 Companies for Executive Women and 100 Best Companies.

• Earned a perfect Corporate Equality Index score from the Human Rights Campaign.

• Innovative Strategies:

• Focused efforts on developing financial security solutions with modern digital integration to meet evolving consumer needs.

• Strategic initiatives to expand and refine products to align with longevity trends and broader economic changes.

Transamerica consistently aims to provide innovative solutions and create secure financial pathways, heavily investing in research and partnerships to support its mission of enabling people to lead their best lives with confidence.