EXHIBIT 21 LIST OF SUBSIDIARIES OF TRANSAMERICA CORPORATION All majority owned subsidiaries are included in the consolidated financial statements of the Corporation (all voting securities owned 100% directly or indirectly by the Corporation). Jurisdiction of Organization of Named Subsidiary _______________ ARC Reinsurance Corporation Hawaii Pyramid Insurance Company, Ltd. Hawaii Pacific Cable Ltd. Bermuda TC Cable, Inc. (25% ownership) Delaware River Thames Insurance Company Ltd. (51% ownership) United Kingdom Transamerica Finance Group, Inc. Delaware Transamerica Financial Services Finance Company Delaware Transamerica HomeFirst, Inc. California Transamerica Finance Corporation Delaware BWAC Twelve, Inc. Delaware Transamerica Insurance Finance Corporation Maryland Transamerica Insurance Finance Corporation, California California Transamerica Insurance Finance Corporation, Canada Canada Transamerica Insurance Finance Company (U.K.) Maryland Arcadia General Insurance Company Arizona Arcadia National Life Insurance Company Arizona Transamerica Insurance Administrators, Inc. Delaware First Credit Corporation Delaware Pacific Finance Loans California Pacific Service Escrow Inc. Delaware Transamerica Acceptance Corporation Delaware Transamerica Credit Corporation Nevada Transamerica Credit Corporation Washington Transamerica Financial Consumer Discount Company Pennsylvania Transamerica Financial Corporation Nevada Transamerica Financial Professional Services, Inc. California Transamerica Financial Services, Inc. British Columbia Transamerica Financial Services California NAB Services, Inc. California Transamerica Financial Services Wyoming Transamerica Financial Services Company Ohio Transamerica Financial Services, Inc. Alabama Transamerica Financial Services, Inc. Arizona Transamerica Financial Services Inc. Hawaii Transamerica Financial Services, Inc. Kansas Transamerica Financial Services Inc. Minnesota -1- Jurisdiction of Organization of Named Subsidiary _______________ Transamerica Financial Services, Inc. New Jersey Transamerica Financial Services, Inc. Texas Transamerica Financial Services (Inc.) Oklahoma Transamerica Financial Services of Dover, Inc. Delaware TELCO Holding Co., Inc. Delaware Transamerica Commercial Finance Corporation, I Delaware BWAC Credit Corporation Delaware BWAC International Corporation Delaware BWAC Twenty-One, Inc./Transamerica GmbH Inc. Germany Transamerica Finanzierungs GmbH Germany Transamerica Business Credit Corporation Delaware Transamerica Inventory Finance Corporation Delaware Transamerica Commercial Finance Corporation Delaware TCF Asset Management Corporation Colorado Transamerica Joint Ventures, Inc. Delaware BWAC Seventeen, Inc. Delaware Transamerica Commercial Finance Corporation, Canada Canada Transamerica Commercial Finance France S.A. France BWAC Twenty-One, Inc. Delaware Transamerica Commercial Holdings Limited United Kingdom Transamerica Commercial Finance Limited United Kingdom Transamerica Trailer Leasing Limited (51% ownership) United Kingdom Transamerica GmbH Inc. Delaware Transamerica Financieringsmattschappij B.V. Netherlands TA Leasing Holding Co., Inc. Delaware Transamerica Leasing Inc. Delaware Transamerica Leasing Holdings, Inc. Delaware Greybox Services Ltd. United Kingdom Greybox L.L.C. Delaware Intermodal Equipment, Inc. Delaware Transamerica Leasing N.V. Belgium Transamerica Leasing Srl. Italy Transamerica Container Acquisition Corporation Delaware Transamerica Distribution Services Inc. Delaware Transamerica Leasing Coordination Center Belgium Transamerica Leasing do Brasil Ltda. Brazil Transamerica Leasing GmbH Germany Transamerica Leasing (HK) Ltd. Hong Kong Transamerica Leasing Limited United Kingdom ICS Terminals (U.K.) Limited United Kingdom Transamerica Leasing Proprietary Limited South Africa Transamerica Leasing Pty. Ltd. Australia Transamerica Leasing (Canada) Inc. Canada Transamerica Tank Container Leasing Pty. Limited Australia Transamerica Trailer Holdings I Inc. Delaware Transamerica Trailer Holdings II Inc. Delaware Transamerica Trailer Holdings III Delaware -2- Jurisdiction of Organization of Named Subsidiary _______________ Transamerica Trailer Leasing AB Sweden Transamerica Trailer Leasing (Belgium) N.V. Belgium Transamerica Trailer Leasing (Netherlands) B.V. Netherlands Transamerica Trailer Leasing A/S Denmark Transamerica Trailer Leasing GmbH Germany Transamerica Trailer Leasing S.A. France Transamerica Trailer Leasing S.p.A. Italy Transamerica Trailer Spain, S.A. Spain Transamerica Transport Inc. New Jersey Transamerica Information Management Services, Inc. Delaware Transamerica Insurance Corporation of California California Arbor Life Insurance Company Arizona Plaza Insurance Sales, Inc. California Transamerica Annuity Service Corporation New Mexico Transamerica Financial Resources, Inc. Delaware Financial Resources Insurance Agency of Texas, Inc. Texas TBK Insurance Agency of Ohio Ohio Transamerica Financial Resources Insurance Agency of Alabama, Inc. Alabama Transamerica Financial Resources Insurance Agency of Massachusetts, Inc. Massachusetts Transamerica Securities Sales Corporation Maryland Transamerica International Insurance Services, Inc. Delaware Bulkrich Trading Limited (50% ownership) Hong Kong Home Loans & Finance Limited United Kingdom Transamerica Occidental Life Insurance Company California Bulkrich Trading Limited (50% ownership) Hong Kong First Transamerica Life Insurance Company New York Transamerica Life Insurance and Annuity Company North Carolina Transamerica Assurance Company Missouri Transamerica Life Insurance Company of Canada Canada Transamerica Variable Insurance Fund, Inc. Maryland USA Administration Services, Inc. Kansas Transamerica Products, Inc. California Transamerica Leasing Ventures, Inc. California Transamerica Products I, Inc. California Transamerica Products II, Inc. California Transamerica Products IV, Inc. California Transamerica Service Company Delaware Transamerica International Holdings, Inc. Delaware TC Cable, Inc. (75% ownership) Delaware Transamerica Investment Services, Inc. Delaware Transamerica Investors, Inc. Maryland Transamerica LP Holdings Corp. Delaware -3- Jurisdiction of Organization of Named Subsidiary _______________ Transamerica Realty Services, Inc. Delaware Pyramid Investment Corporation Delaware Transamerica Minerals Company California Transamerica Oakmont Corporation California Transamerica Properties, Inc. Delaware Transamerica Real Estate Management Co. California Transamerica Retirement Management Corporation Delaware Ventana Inn, Inc. California Transamerica Telecommunications Corporation Delaware -4-