Changes
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→History: grammatical edits & corrections to Heaven's Gate paragraph
{{Infobox company
| name = Transamerica Corporation
| logo = [[File:Transamerica Corporation.png|Transamerica Corporation logo.]]
| type = Private
| caption =
| foundation = {{start date and years ago|1928|||mf=yes}}
| location = [[Cedar Rapids]], [[Iowa|IA]]
| key_people = [[Amadeo Giannini|A.P. Giannini]], founder<br> Mark W. Mullin, [[CEO]]
| num_employees = 25,000 (2018)
| industry = [[Insurance]]<br>[[Investments]]<br>[[Retirement planning]]
| products = [[Life insurance]], Investment & Retirement services
| parent = [[Aegon N.V.|Aegon]]
| revenue =
| homepage = {{url|www.transamerica.com}}
}}
The '''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. The company’s main offices are in [[Minnesota]], [[Denver]], [[St. Petersburg, Florida]] and [[Cedar Rapids, Iowa]], with affiliated offices located throughout the United States. In 1999, it became a subsidiary of [[Aegon N.V.|Aegon]], a European financial services company headquartered in [[The Hague]], Netherlands.<ref>{{cite news| url=https://www.nytimes.com/1999/02/19/business/big-dutch-insurer-to-acquire-transamerica-for-9.7-billion.html| title=Big Dutch Insurer to Acquire Transamerica for $9.7 Billion| last=Tagliabue| first=John |date=February 19, 1999 |work=[[The New York Times]]|
accessdate=30 September 2017}}</ref>
Transamerica funds the Transamerica Institute, a nonprofit foundation which comprises the Transamerica Center for Retirement Studies and the Transamerica Center for Health Studies.<ref>{{cite web| title=About Transamerica Institute| url=https://www.transamericacenter.org/about/about-transamerica-institute| publisher=Transamerica| accessdate=30 September 2017}}</ref>
==History==
[[File:Transamerica building san francisco.jpg|200px|thumb|left|The [[Transamerica Pyramid]] in [[San Francisco]]]]
In October 1904, [[Amadeo Giannini|A.P. Giannini]] founded the Bank of Italy in [[San Francisco]], which later became known as Bank of America.<ref>{{cite episode| url=https://www.pbs.org/wgbh/theymadeamerica/whomade/giannini_hi.html| series=They Made America| title=Newcomers| air-date=June 9, 2004| network=[[PBS]]| station=[[WGBH-TV]]}}</ref><ref name="Transamerica about">{{cite web |url=http://www.transamerica.com/individual/what-we-do/about-us/history/ |title=History |publisher=Transamerica |date=October 1, 2008 |accessdate=27 February 2014}}</ref> In 1928, Giannini put the banks into a [[holding company]] he named the Transamerica Corporation. In 1930, the company acquired Occidental Life Insurance Company, founded in 1906, and renamed it Transamerica Occidental Life Insurance Company.<ref>{{cite web| title=Company Profile: Transamerica Occidental Life Insurance Company| url=https://interactive.web.insurance.ca.gov/companyprofile/companyprofile?event=companyProfile&doFunction=getCompanyProfile&eid=2710| publisher=California Department of Insurance| accessdate=30 September 2017}}</ref> Gradually, the company became a more diversified conglomerate which included the [[film studio]] [[United Artists]],<ref>{{cite book| title=International Directory of Company Histories| url=https://books.google.com/books?id=h-zXAAAAMAAJ&focus=searchwithinvolume&q=metro+goldwyn+mayer| volume=25| publisher=St. James Press| pages=326–330| date=January 1, 1999| accessdate=30 September 2017| isbn=978-1558623675| subscription=yes}}</ref> [[Trans International Airlines|Transamerica Airlines]], and [[Budget Rent a Car]].<ref>{{cite web| title=Budget Car Rental Corporate History| url=http://www.budget.com/budgetWeb/html/en/aboutus/companyinfo/milestone.html| publisher=Budget Rent A Car}}</ref>
In 1972, the company completed construction of the [[Transamerica Pyramid]] skyscraper in [[San Francisco]] which served as its headquarters for many years. Although the company currently retains only a small presence in the building, the building is still depicted in the company's logo and marketing materials.<ref name=facts>{{cite web| title=Pyramid Facts| url=http://www.pyramidcenter.com/tourism/pyramid-facts/| publisher=Transamerica| accessdate=30 September 2017}}</ref>
In the 1980s, Transamerica began to divest and focused exclusively on financial services.<ref>{{cite news| title=Transamerica Plans to Divest Units: Will Sell Air Travel, Auto Rental, Manufacturing Firms| date=January 31, 1986| url=http://articles.latimes.com/1986-01-31/business/fi-2822_1_transamerica-airlines| first=Victor F.| last=Zonana| work=[[Los Angeles Times]]| accessdate=30 September 2017}}</ref> It was eventually pared down to three main product divisions: insurance, investments, and retirement. In July 1999, Transamerica CEO Frank C. Herringer announced that [[Aegon N.V.|Aegon]], the [[Netherlands]]-based insurer, would acquire the company.<ref>{{cite news| title=Aegon buys Transamerica| date=February 18, 1999| url=http://money.cnn.com/1999/02/18/worldbiz/aegon/| work=[[CNNMoney]]| accessdate=30 September 2017}}</ref> Transamerica Occidental merged into Transamerica Life Insurance Company October 1, 2008.
When ''[[Heaven's Gate (film)|Heaven's Gate]]'' was released on November 19, 1980, it was a box office failure and flopped at the box office, losing more than $44 million; because of this, Transamerica was forced to re-sell United Artists to its current owner ''[[Metro-Goldwyn-Mayer]]'' and the owner of the company ''[[Kirk Kerkorian]]'' for $380 million on May 21, 1981 to become two new MGM production companies: ''[[MGM/UA Communications Co.]]'' and ''[[MGM/UA Entertainment Company]]''.
==Products and services==
Transamerica primarily offers [[insurance]] and [[financial services]]. Types of life and health insurance policies offered include term life, whole life, universal life, variable universal life, accidental death,<ref name=products>{{cite web| title=Products: Life Insurance| url=https://www.transamerica.com/individual/products/insurance/life-insurance/| publisher=Transamerica| accessdate=30 September 2017}}</ref> [[Medicare supplement]], and long term care.<ref>{{cite web| title=Products: Medicare Solutiona| url=https://www.transamerica.com/individual/products/insurance/medicare-solutions/| publisher=Transamerica| accessdate=30 September 2017}}</ref> Transamerica companies also offer a variety of mutual funds and annuities.<ref>{{cite web| title=Individual| url=https://www.transamerica.com/individual/| publisher=Transamerica| accessdate=30 September 2017}}</ref> Transamerica has over 15,000 [https://www.policypedia.com/agent-directory-by-insurer/TRANSAMERICA%20LIFE%20INSURANCE%20COMPANY/0/1000000 licensed insurance agents] just in the state of California.
Transamerica’s retirement division offers [[defined benefit pension plans]] and [[defined contribution plan|defined contribution retirement plans]],<ref>{{cite press release| title=Aegon acquires Mercer’s US defined contribution record-keeping business| url=https://www.aegon.com/en/Home/Investors/News/Press-Releases/Archive/Mercer/#| date=September 21, 2015| publisher=Aegon| accessdate=30 September 2017}}</ref> including [[401(k)]] and [[403(b)]], [[457 plan|457]], profit sharing, money purchase, cash balance, Taft-Hartley, multiple employer plans, nonqualified deferred compensation, and rollover [[individual retirement accounts]]. Other services include plan-level record keeping and administrative services, participant communications and education services, fiduciary risk mitigation services, open investment architecture, and compliance guidance and regulatory support.<ref>{{cite web| title=Retirement Solutions| url=http://www.transamerica.com/individual/products/retirement-solutions/| publisher=Transamerica| accessdate=30 September 2017}}</ref>
== Sponsorships==
Transamerica works with like-minded academics, organizations, and athletes to promote the important link between Wealth and Health, as well as its presence in local communities. Transamerica is a long-time sponsor of [[Cedar Rapids, Iowa|Cedar Rapids]] and 12-time [[PGA Tour]] winner [[Zach Johnson]], who captured the [[2015 Open Championship]], [[2007 Masters Tournament]], and represented the U.S. on five [[Ryder Cup]] teams. Transamerica also sponsors [[Kyle Stanley]], [[2009 Open Championship]] winner [[Stewart Cink]], and [[Azahara Muñoz|Azahara Munoz]], in addition to the [[American Junior Golf Association]] and its annual Transamerica Scholastic Junior All-America teams.
With a large employee presence in [[Denver]], Transamerica in 2015 became the shirt sponsor of the [[Colorado Rapids]], winners of the [[MLS Cup 2010|2010 MLS Cup]]. Transamerica has an additional sponsorship agreement with Rapids and [[United States men's national soccer team|United States national team]]<nowiki/>goalkeeper [[Tim Howard]].
Transamerica currently collaborates with the [[Massachusetts Institute of Technology]] AgeLab, as well as the [[American Heart Association]].
==Foundations==
Transamerica funds two [[Foundation (nonprofit)|foundations]]: the Aegon Transamerica Foundation and the Transamerica Institute. It created the Aegon Transamerica Foundation in 1994 to provide financial grants to community non-profit organizations. Transamerica employees also volunteer services to these organizations.<ref>{{cite web| title=Aegon Transamerica Foundation| url=https://www.transamerica.com/individual/about-us/who-we-are/aegon-transamerica-foundation/| publisher=Transamerica| accessdate=30 September 2017}}</ref> The foundation received the Corporate Citizenship Award in 2013 for creating the first [[Urban agriculture|urban farm]] in [[Iowa]].<ref name=gazette>{{cite news| title=Transamerica wins award for Time Check 'urban farm'| url=http://www.thegazette.com/2013/11/21/transamerica-wins-award-for-time-check-urban-farm| first=George| last=Ford| date=November 21, 2013| work=[[The Gazette (Cedar Rapids)|The Gazette]]| location=Cedar Rapids| accessdate=30 September 2017}}</ref>
The Transamerica Institute consists of two divisions: the Transamerica Center for Retirement Studies and the Transamerica Center for Health Studies. The Transamerica Center for Retirement Studies researches and provides education on trends, issues, and opportunities related to saving and planning for retirement.<ref>{{cite journal| title=Few employees aware of retirement transition benefits| url=http://ebn.benefitnews.com/news/retirement/few-employees-aware-of-retirement-transition-benefits-2747845-1.html| first=Paula Aven| last=Gladych| date=December 4, 2015| work=[[SourceMedia#Key Brands|Employee Benefit News]]| accessdate=30 September 2017| subscription=yes}}</ref> The Transamerica Center for Health Studies focuses on identifying, researching, and analyzing health care issues facing consumers and employers.<ref>{{cite journal| title=‘Carving Out’ Spousal Benefits: Cost-Cutting, with Repercussions| first=Joanne| last=Sammer| date=November 9, 2015| url=http://www.shrm.org/hrdisciplines/benefits/articles/pages/spousal-carve-outs.aspx| publisher=[[Society for Human Resource Management]]}}</ref> The Transamerica Institute is funded by contributions from Transamerica Life Insurance Company.<ref>{{cite web| title=About Transamerica Institute| url=http://www.transamericainstitute.org/about-transamerica-institute| publisher=Transamerica| accessdate=30 September 2017}}</ref>
==See also==
{{Portal|San Francisco Bay Area|Companies}}
*[[Transamerica Pyramid]]
<br>
==References==
{{Reflist}}
==External links==
* [http://www.transamerica.com Company website]
* [http://www.transamericainstitute.org/ Transamerica Institute]
* [http://www.transamericacenter.org/ Transamerica Center for Retirement Services]
* [https://www.transamericacenterforhealthstudies.org/ Transamerica Center for Health Studies]
* [http://www.aegon.com Aegon website]
*[https://www.policypedia.com/agent-directory-by-insurer/TRANSAMERICA%20LIFE%20INSURANCE%20COMPANY/0/1000000 Transamerica agent directory]
[[Category:Holding companies of the United States]]
[[Category:Companies based in Baltimore]]
[[Category:Companies based in Maryland]]
[[Category:History of San Francisco]]
[[Category:Holding companies established in 1928]]
[[Category:1928 establishments in the United States]]
[[Category:1999 mergers and acquisitions]]
| name = Transamerica Corporation
| logo = [[File:Transamerica Corporation.png|Transamerica Corporation logo.]]
| type = Private
| caption =
| foundation = {{start date and years ago|1928|||mf=yes}}
| location = [[Cedar Rapids]], [[Iowa|IA]]
| key_people = [[Amadeo Giannini|A.P. Giannini]], founder<br> Mark W. Mullin, [[CEO]]
| num_employees = 25,000 (2018)
| industry = [[Insurance]]<br>[[Investments]]<br>[[Retirement planning]]
| products = [[Life insurance]], Investment & Retirement services
| parent = [[Aegon N.V.|Aegon]]
| revenue =
| homepage = {{url|www.transamerica.com}}
}}
The '''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. The company’s main offices are in [[Minnesota]], [[Denver]], [[St. Petersburg, Florida]] and [[Cedar Rapids, Iowa]], with affiliated offices located throughout the United States. In 1999, it became a subsidiary of [[Aegon N.V.|Aegon]], a European financial services company headquartered in [[The Hague]], Netherlands.<ref>{{cite news| url=https://www.nytimes.com/1999/02/19/business/big-dutch-insurer-to-acquire-transamerica-for-9.7-billion.html| title=Big Dutch Insurer to Acquire Transamerica for $9.7 Billion| last=Tagliabue| first=John |date=February 19, 1999 |work=[[The New York Times]]|
accessdate=30 September 2017}}</ref>
Transamerica funds the Transamerica Institute, a nonprofit foundation which comprises the Transamerica Center for Retirement Studies and the Transamerica Center for Health Studies.<ref>{{cite web| title=About Transamerica Institute| url=https://www.transamericacenter.org/about/about-transamerica-institute| publisher=Transamerica| accessdate=30 September 2017}}</ref>
==History==
[[File:Transamerica building san francisco.jpg|200px|thumb|left|The [[Transamerica Pyramid]] in [[San Francisco]]]]
In October 1904, [[Amadeo Giannini|A.P. Giannini]] founded the Bank of Italy in [[San Francisco]], which later became known as Bank of America.<ref>{{cite episode| url=https://www.pbs.org/wgbh/theymadeamerica/whomade/giannini_hi.html| series=They Made America| title=Newcomers| air-date=June 9, 2004| network=[[PBS]]| station=[[WGBH-TV]]}}</ref><ref name="Transamerica about">{{cite web |url=http://www.transamerica.com/individual/what-we-do/about-us/history/ |title=History |publisher=Transamerica |date=October 1, 2008 |accessdate=27 February 2014}}</ref> In 1928, Giannini put the banks into a [[holding company]] he named the Transamerica Corporation. In 1930, the company acquired Occidental Life Insurance Company, founded in 1906, and renamed it Transamerica Occidental Life Insurance Company.<ref>{{cite web| title=Company Profile: Transamerica Occidental Life Insurance Company| url=https://interactive.web.insurance.ca.gov/companyprofile/companyprofile?event=companyProfile&doFunction=getCompanyProfile&eid=2710| publisher=California Department of Insurance| accessdate=30 September 2017}}</ref> Gradually, the company became a more diversified conglomerate which included the [[film studio]] [[United Artists]],<ref>{{cite book| title=International Directory of Company Histories| url=https://books.google.com/books?id=h-zXAAAAMAAJ&focus=searchwithinvolume&q=metro+goldwyn+mayer| volume=25| publisher=St. James Press| pages=326–330| date=January 1, 1999| accessdate=30 September 2017| isbn=978-1558623675| subscription=yes}}</ref> [[Trans International Airlines|Transamerica Airlines]], and [[Budget Rent a Car]].<ref>{{cite web| title=Budget Car Rental Corporate History| url=http://www.budget.com/budgetWeb/html/en/aboutus/companyinfo/milestone.html| publisher=Budget Rent A Car}}</ref>
In 1972, the company completed construction of the [[Transamerica Pyramid]] skyscraper in [[San Francisco]] which served as its headquarters for many years. Although the company currently retains only a small presence in the building, the building is still depicted in the company's logo and marketing materials.<ref name=facts>{{cite web| title=Pyramid Facts| url=http://www.pyramidcenter.com/tourism/pyramid-facts/| publisher=Transamerica| accessdate=30 September 2017}}</ref>
In the 1980s, Transamerica began to divest and focused exclusively on financial services.<ref>{{cite news| title=Transamerica Plans to Divest Units: Will Sell Air Travel, Auto Rental, Manufacturing Firms| date=January 31, 1986| url=http://articles.latimes.com/1986-01-31/business/fi-2822_1_transamerica-airlines| first=Victor F.| last=Zonana| work=[[Los Angeles Times]]| accessdate=30 September 2017}}</ref> It was eventually pared down to three main product divisions: insurance, investments, and retirement. In July 1999, Transamerica CEO Frank C. Herringer announced that [[Aegon N.V.|Aegon]], the [[Netherlands]]-based insurer, would acquire the company.<ref>{{cite news| title=Aegon buys Transamerica| date=February 18, 1999| url=http://money.cnn.com/1999/02/18/worldbiz/aegon/| work=[[CNNMoney]]| accessdate=30 September 2017}}</ref> Transamerica Occidental merged into Transamerica Life Insurance Company October 1, 2008.
When ''[[Heaven's Gate (film)|Heaven's Gate]]'' was released on November 19, 1980, it was a box office failure and flopped at the box office, losing more than $44 million; because of this, Transamerica was forced to re-sell United Artists to its current owner ''[[Metro-Goldwyn-Mayer]]'' and the owner of the company ''[[Kirk Kerkorian]]'' for $380 million on May 21, 1981 to become two new MGM production companies: ''[[MGM/UA Communications Co.]]'' and ''[[MGM/UA Entertainment Company]]''.
==Products and services==
Transamerica primarily offers [[insurance]] and [[financial services]]. Types of life and health insurance policies offered include term life, whole life, universal life, variable universal life, accidental death,<ref name=products>{{cite web| title=Products: Life Insurance| url=https://www.transamerica.com/individual/products/insurance/life-insurance/| publisher=Transamerica| accessdate=30 September 2017}}</ref> [[Medicare supplement]], and long term care.<ref>{{cite web| title=Products: Medicare Solutiona| url=https://www.transamerica.com/individual/products/insurance/medicare-solutions/| publisher=Transamerica| accessdate=30 September 2017}}</ref> Transamerica companies also offer a variety of mutual funds and annuities.<ref>{{cite web| title=Individual| url=https://www.transamerica.com/individual/| publisher=Transamerica| accessdate=30 September 2017}}</ref> Transamerica has over 15,000 [https://www.policypedia.com/agent-directory-by-insurer/TRANSAMERICA%20LIFE%20INSURANCE%20COMPANY/0/1000000 licensed insurance agents] just in the state of California.
Transamerica’s retirement division offers [[defined benefit pension plans]] and [[defined contribution plan|defined contribution retirement plans]],<ref>{{cite press release| title=Aegon acquires Mercer’s US defined contribution record-keeping business| url=https://www.aegon.com/en/Home/Investors/News/Press-Releases/Archive/Mercer/#| date=September 21, 2015| publisher=Aegon| accessdate=30 September 2017}}</ref> including [[401(k)]] and [[403(b)]], [[457 plan|457]], profit sharing, money purchase, cash balance, Taft-Hartley, multiple employer plans, nonqualified deferred compensation, and rollover [[individual retirement accounts]]. Other services include plan-level record keeping and administrative services, participant communications and education services, fiduciary risk mitigation services, open investment architecture, and compliance guidance and regulatory support.<ref>{{cite web| title=Retirement Solutions| url=http://www.transamerica.com/individual/products/retirement-solutions/| publisher=Transamerica| accessdate=30 September 2017}}</ref>
== Sponsorships==
Transamerica works with like-minded academics, organizations, and athletes to promote the important link between Wealth and Health, as well as its presence in local communities. Transamerica is a long-time sponsor of [[Cedar Rapids, Iowa|Cedar Rapids]] and 12-time [[PGA Tour]] winner [[Zach Johnson]], who captured the [[2015 Open Championship]], [[2007 Masters Tournament]], and represented the U.S. on five [[Ryder Cup]] teams. Transamerica also sponsors [[Kyle Stanley]], [[2009 Open Championship]] winner [[Stewart Cink]], and [[Azahara Muñoz|Azahara Munoz]], in addition to the [[American Junior Golf Association]] and its annual Transamerica Scholastic Junior All-America teams.
With a large employee presence in [[Denver]], Transamerica in 2015 became the shirt sponsor of the [[Colorado Rapids]], winners of the [[MLS Cup 2010|2010 MLS Cup]]. Transamerica has an additional sponsorship agreement with Rapids and [[United States men's national soccer team|United States national team]]<nowiki/>goalkeeper [[Tim Howard]].
Transamerica currently collaborates with the [[Massachusetts Institute of Technology]] AgeLab, as well as the [[American Heart Association]].
==Foundations==
Transamerica funds two [[Foundation (nonprofit)|foundations]]: the Aegon Transamerica Foundation and the Transamerica Institute. It created the Aegon Transamerica Foundation in 1994 to provide financial grants to community non-profit organizations. Transamerica employees also volunteer services to these organizations.<ref>{{cite web| title=Aegon Transamerica Foundation| url=https://www.transamerica.com/individual/about-us/who-we-are/aegon-transamerica-foundation/| publisher=Transamerica| accessdate=30 September 2017}}</ref> The foundation received the Corporate Citizenship Award in 2013 for creating the first [[Urban agriculture|urban farm]] in [[Iowa]].<ref name=gazette>{{cite news| title=Transamerica wins award for Time Check 'urban farm'| url=http://www.thegazette.com/2013/11/21/transamerica-wins-award-for-time-check-urban-farm| first=George| last=Ford| date=November 21, 2013| work=[[The Gazette (Cedar Rapids)|The Gazette]]| location=Cedar Rapids| accessdate=30 September 2017}}</ref>
The Transamerica Institute consists of two divisions: the Transamerica Center for Retirement Studies and the Transamerica Center for Health Studies. The Transamerica Center for Retirement Studies researches and provides education on trends, issues, and opportunities related to saving and planning for retirement.<ref>{{cite journal| title=Few employees aware of retirement transition benefits| url=http://ebn.benefitnews.com/news/retirement/few-employees-aware-of-retirement-transition-benefits-2747845-1.html| first=Paula Aven| last=Gladych| date=December 4, 2015| work=[[SourceMedia#Key Brands|Employee Benefit News]]| accessdate=30 September 2017| subscription=yes}}</ref> The Transamerica Center for Health Studies focuses on identifying, researching, and analyzing health care issues facing consumers and employers.<ref>{{cite journal| title=‘Carving Out’ Spousal Benefits: Cost-Cutting, with Repercussions| first=Joanne| last=Sammer| date=November 9, 2015| url=http://www.shrm.org/hrdisciplines/benefits/articles/pages/spousal-carve-outs.aspx| publisher=[[Society for Human Resource Management]]}}</ref> The Transamerica Institute is funded by contributions from Transamerica Life Insurance Company.<ref>{{cite web| title=About Transamerica Institute| url=http://www.transamericainstitute.org/about-transamerica-institute| publisher=Transamerica| accessdate=30 September 2017}}</ref>
==See also==
{{Portal|San Francisco Bay Area|Companies}}
*[[Transamerica Pyramid]]
<br>
==References==
{{Reflist}}
==External links==
* [http://www.transamerica.com Company website]
* [http://www.transamericainstitute.org/ Transamerica Institute]
* [http://www.transamericacenter.org/ Transamerica Center for Retirement Services]
* [https://www.transamericacenterforhealthstudies.org/ Transamerica Center for Health Studies]
* [http://www.aegon.com Aegon website]
*[https://www.policypedia.com/agent-directory-by-insurer/TRANSAMERICA%20LIFE%20INSURANCE%20COMPANY/0/1000000 Transamerica agent directory]
[[Category:Holding companies of the United States]]
[[Category:Companies based in Baltimore]]
[[Category:Companies based in Maryland]]
[[Category:History of San Francisco]]
[[Category:Holding companies established in 1928]]
[[Category:1928 establishments in the United States]]
[[Category:1999 mergers and acquisitions]]
