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 [email protected].
Originally posted on F&I and Showroom