CNA National's Participation Programs Return $40 Million to Dealers in 2015
CNA National Warranty Corp. (CNAN) announced this week it returned more than $40 million to dealers through its various participation plans in 2015, bringing the total amount of money the firm has returned to dealers since its founding to more than $370 million
SCOTTSDALE, Ariz. — CNA National Warranty Corp. (CNAN) announced this week it returned more than $40 million to auto dealers through its various participation plans in 2015, bringing the total amount of money the company has returned to dealers since its founding to more than $370 million
“Our participation programs exceeded our expectation in 2015,” said Joe Becker, president and CEO. “The distribution amount is the highest we’ve had since the inception of these plans. The growth we’ve seen across our programs demonstrates the dependability our dealers expect and deserve from our reinsurance options.”
In addition to vehicle service contracts, CNAN reinsures warranties, GAP and tire-and-wheel protection.
Dealers who are interested in reinsurance can select the participation program that best serves both their business and individual financial goals by choosing form controlled foreign corporation (CFC) and non-controlled foreign corporation (NCFC) structures.
CAN National’s NCFC, Palo Verde Holdings, has more than $162 million in assets and is managed by a board of directors made up of dealer shareholders.
More F&I
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 →
Timing the Market Can Hurt Long-Term Program Performance
For dealer-owned reinsurance entities, avoiding volatility entirely can mean falling behind inflation and missing market rebounds that drive long term surplus growth. Missing just a handful of strong market days can materially impact cumulative returns—an important reminder for long horizon trust and investment strategies.
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 →
Your Office Is Talking
What’s the atmosphere saying about you to your customers? You can make minor adjustments and additions that transform your space into one that creates trust with the people on the other side of the desk.
Read More →
F&I Training Fundamentals
How can auto dealerships help F&I managers fulfill their vital role in the most effective ways? Industry expert Rick McCormick shares his insights on the best ways to train these professionals and help them maintain good habits.
Read More →
Not Just Any Tire Will Do
More consumers and businesses are opting for all-season options for various reasons as safety, sustainability and convenience push practical change.
Read More →