First-off, they don't put MOV's in series with anything. It's probably wired in parallel (or this may explain why it was blown).
I too get annoyed at the markings on MOV's, everybody marks them using their own numbering system and it's tough tracking the mfgr down.
Here's my educated (barely) guess.
You've got 18VAC after the transformer (RMS), MOV's typically are chosen for Peak V (18V x 1.414 = about 25Vpeak)
But you have to consider voltage spikes, so MOV's are chosen slightly over the expected working voltage.
You probably have a 33V MOV.
The fact that it's blown would (depending on your application, how critical is it to maintain OEM specs on your security system),
I'd consider replacing it with a 50V MOV, so you don't see the replacement blow also in the foreseeable future.
You need to decide whether to go with a higher rating, or maintain the status quo.
If this device actually IS in series with one side of the AC line, you may not be looking at an MOV, it may be
some other component.