AM Best Increases DAC’s Financial Strength Rating to “A”
AM Best has increased DAC’s Financial Strength Rating to A (Excellent).
AM Best has increased DAC’s Financial Strength Rating to A (Excellent).
Addison, Texas – Dealers Assurance Company (DAC) is pleased to announce that AM Best has increased DAC’s Financial Strength Rating to A (Excellent). Prior to this change, DAC’s Financial Strength Rating had been A- (Excellent) since 1986.
“AM Best’s rating upgrade follows years of strong performance where DAC has consistently outperformed its peers in operating ratios, profitability, and total return on equity,” said Kristen Gruber, President of Dealers Assurance Company. “We have steadily grown surplus from sustainable sources, resulting in a very strong level of risk-adjusted capitalization.”
“AM Best recognized DAC’s seasoned management team that continues to execute our business strategy to protect our policyholders and reward our shareholders,” Gruber said. “In combination with our new ownership by iA Financial Group, DAC is in a much stronger and more competitive position than ever before.”
AM Best announced DAC’s increased Financial Strength Rating in a news release on March 4, 2020.
Founded in 1899, the AM Best Company is the world’s oldest and most authoritative insurance rating and information source. Policyholders refer to AM Best’s ratings and analysis as a means of assessing the financial strength and creditworthiness of risk-bearing entities and investment vehicles.
If you have any questions regarding this announcement, please call 800-282-8913, or email LearnMore@DealersAssurance.com.
More F&I
Smaller Loans, Longer Terms
The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
Read More →
New Lifetime Battery F&I Product Meant to Drive Dealer Traffic
EFG Cos. offering is intended to create lifetime auto dealer engagement with customers.
Read More →
The Psychology Behind Menus That Increase Add-On Sales
There is a science to crafting a menu that gives customers confidence in the choices presented, and moving the process outside the F&I office can further boost results.
Read More →
Why Your F&I PVR Is Misleading You
Here’s a handy checklist of the numbers to track in 2026 instead.
Read More →
Auto Consumer Anxiety Presents Opportunity
A survey of U.S. drivers found the majority are concerned about finances and the economy, but those fears make many ready to buy vehicle-protection products.
Read More →
Humble and Hungry: 12 Rules for an F&I Life
Dustin Gingerich, with a decade in the F&I business under his belt, shares his thoughts on leadership, building trust with customers, and the importance of learning and innovation.
Read More →
Focus on the Opening
F&I managers must learn as much as possible about their customers, starting before they walk into their offices. The bulk of today’s consumers expect that, and good results will follow.
Read More →
F&I Reaches for the Sky
The increasingly important profit center continued making gains in the first quarter, according to StoneEagle data, ancillary products proving more popular as consumers hold onto their buys longer.
Read More →
What Market Timing Mistakes Mean for Your Reinsurance Program
When volatility hits, dealer-owned reinsurance programs face a familiar temptation: pull back and wait for calmer waters. New data from BOK Financial shows why that instinct can quietly cost you years of surplus growth.
Read More →
The 90/10 Rule
In this video, Ryan Ruff explains the rule that elite sales professionals use to turn ordinary conversations into unforgettable customer experiences.
Read More →