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Transamerica Life Insurance Company (TALIC) provides individual life insurance and annuities, as well as individual and group accident and health insurance and bank-owned and corporate-owned life insurance (BOLI and COLI) coverage. The company is licensed to provide insurance in all states except New York, and in Washington DC. It operates an administrative office in Los Angeles. TALIC, which began operations in 1961, is a unit of the AEGON USA group of companies, which is the US-based operating subsidiary of Dutch insurance giant AEGON.

Transamerica Corporation is involved, largely through semi-independent subsidiaries, in life insurance, financial services, and real estate services. Through its Transamerica Life Insurance Companies subsidiary, it is the eighth-largest life insurer in North America, and its life insurance operations generated 48 percent of Transamerica's 1994 earnings. Financial services operations generated 40 percent of 1994 earnings, and centered on consumer and commercial lending, as well as the leasing and managing of transportation equipment. Transamerica Financial Services ranks fourth in the United States in consumer lending; Transamerica Commercial Finance is a leading commercial lender in the United States and the largest in Canada; Transamerica Leasing has the second-largest fleet of container equipment for rail, steamship, and motor carriers in the world. Transamerica Real Estate Tax Service is one of the leading real estate tax operations in the United States.

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