CNA Surpasses $500M in Distributions
A record year for dealer participation programs pushed CNA National past the $500 million mark in distributions since the company’s inception.
SCOTTSDALE, Ariz. — CNA National Warranty Corp. returned nearly $49 million to automobile dealers across the U.S. through its various participation programs in 2018, bringing its inception-to-date total to over half a billion dollars, the company announced.
“2018 was a banner year for our participation programs with the highest annual return since the establishment of these plans,” said Joe Becker, president and CEO. “With more than $500 million having gone back to our dealers over the years, these industry-leading retro and reinsurance options continue to offer a reliable way to maximize profitability.”
CNA has earned multiple awards for its programs in the annual Dealers’ Choice Awards, including four first-place honors in the Service Contract Reinsurance category since 2011.
Originally posted on F&I and Showroom
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