Financial Overview
Financial Ratings
Transamerica Life Bermuda's high ratings are consistent with the company's commitment to being a well-capitalized life insurance company, an advantage we're proud to pass on to each of our clients.
Transamerica Life Bermuda has received the same high ratings as Transamerica Occidental Life Insurance Company from Standard & Poor's, one of the industry's most respected independent rating services.
| Agency | Rating | Description |
|---|---|---|
| Standard & Poor's | AA | Very Strong (3rd highest of 21 ratings) |
Financial Strength
Transamerica Life Bermuda is a wholly owned subsidiary of Transamerica Occidental Life Insurance Company.
| Life Insurance In Force | $843.0 billion |
| Total Assets | $30.3 billion |
| Total Liabilities | $26.9 billion |
| Net Worth | $3.4 billion |
These figures are reported on a statutory basis, as prescribed by the National Association of Insurance Commissioners. The Asset Valuation Reserve is excluded from Total Liabilities. Net Worth includes Capital and Surplus plus Asset Valuation Reserve.
The assets of Transamerica Occidental Life Insurance Company are generally not available to pay the claims of individual policies issued by Transamerica Life Bermuda.