Overview

Founded in 2018, Venerable owns and manages legacy annuity business acquired from other entities. Created by an investor group led by affiliates of Apollo Global Management, LLC, Crestview Partners, Reverence Capital Partners, and Athene Holdings, Ltd. Venerable is a business with well-established, strategic investors, experienced in successfully building and growing insurance businesses with patient, long-term capital.

Company Timeline

October 27, 2020
Venerable Holdings, Inc. announces transaction with Equitable Holdings, Inc., including acquisition of Corporate Life Reinsurance Company, and concurrent reinsurance of approximately $12bn of legacy variable annuity business from Equitable Financial Life Insurance Company.

September 1, 2019
Voya Insurance and Annuity Company, the legal entity owned by Venerable, changes its name to Venerable Insurance and Annuity Company.

June 1, 2018
Venerable is debuted, with offices in West Chester, Pennsylvania and Des Moines, Iowa.

December 21, 2017
An investor group led by affiliates of Apollo Global Management, LLC, Crestview Partners, and Reverence Capital Partners, announced they have entered into a definitive agreement to acquire Voya Financial, Inc.’s Closed Block Variable Annuity business.

Effective September 1, 2014
ING USA Annuity and Life Insurance Company was renamed Voya Insurance and Annuity Company.

Effective January 1, 2004

  • Golden American Life Insurance Company (“Golden American”) changed its state of domicile from Delaware to Iowa and became an Iowa stock life insurance company;
  • Equitable Life Insurance Company of Iowa, United Life & Annuity Insurance Company, and USG Annuity & Life Company merged with and into their affiliate, Golden American; and
  • Golden American was renamed ING USA Annuity and Life Insurance Company.

In 2002
First Golden American Life Insurance Company of New York merged with and into ReliaStar Life Insurance Company of New York, a subsidiary of ReliaStar Life Insurance Company.

In May 1996
Golden American established a subsidiary, First Golden American Life Insurance Company of New York, which was authorized to sell annuities in New York and Delaware.

On February 1, 1988
St. Paul Life Insurance Company became Golden American Life Insurance Company.

On February 1, 1973
St. Paul Life Insurance Company was originally incorporated.

Company Timeline

October 27, 2020
Venerable Holdings, Inc. announces transaction with Equitable Holdings, Inc., including acquisition of Corporate Life Reinsurance Company, and concurrent reinsurance of approximately $12bn of legacy variable annuity business from Equitable Financial Life Insurance Company.

September 1, 2019

Voya Insurance and Annuity Company, the legal entity owned by Venerable, changes its name to Venerable Insurance and Annuity Company.

June 1, 2018

Venerable is debuted, with offices in West Chester, Pennsylvania and Des Moines, Iowa.


December 21, 2017

An investor group led by affiliates of Apollo Global Management, LLC, Crestview Partners, and Reverence Capital Partners, announced they have entered into a definitive agreement to acquire Voya Financial, Inc.’s Closed Block Variable Annuity business.

Effective September 1, 2014

ING USA Annuity and Life Insurance Company was renamed Voya Insurance and Annuity Company.




Effective January 1, 2004

  • Golden American Life Insurance Company (“Golden American”) changed its state of domicile from Delaware to Iowa and became an Iowa stock life insurance company;
  • Equitable Life Insurance Company of Iowa, United Life & Annuity Insurance Company, and USG Annuity & Life Company merged with and into their affiliate, Golden American; and
  • Golden American was renamed ING USA Annuity and Life Insurance Company.

In 2002
First Golden American Life Insurance Company of New York merged with and into ReliaStar Life Insurance Company of New York, a subsidiary of ReliaStar Life Insurance Company.


In May 1996

Golden American established a subsidiary, First Golden American Life Insurance Company of New York, which was authorized to sell annuities in New York and Delaware.

On February 1, 1988

St. Paul Life Insurance Company became Golden American Life Insurance Company.

On February 1, 1973

St. Paul Life Insurance Company was originally incorporated.

Want to learn more?

Contact us today