Addison, TX (April 28, 2021) – Dealers Assurance Company (DAC) is pleased to announce that AM Best has reaffirmed DAC’s Financial Strength Rating of "A" (Excellent). This marks the second straight year DAC has received this rating. Previously, DAC’s Financial Strength Rating had been "A-" (Excellent) since 1986.
“This reaffirmed ‘A’ rating reflects AM Best’s confidence in DAC’s ability to maintain our strong balance sheet and continued operating performance,” said Kristen Gruber, President of Dealers Assurance Company. “I’m proud of this team, and all of our partners who have contributed to this excellent result.”
“With iA Financial Group’s ownership, we will continue our trajectory of solid, profitable growth that comes from sound risk management,” Gruber said.
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.
About Dealers Assurance Company
Now part of iA American Warranty Group, and with roots dating back to 1935, Dealers Assurance Company is a Property and Casualty insurance company that primarily serves the automotive and consumer goods industries. DAC is domiciled in Ohio with a corporate office in Addison, TX. DAC is licensed to write insurance in all 50 states and the District of Columbia, and has been an AM Best Financial Size Category VII company since 2014.
About iA Financial Group
iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is one of Canada's largest public companies, and is listed on the Toronto Stock Exchange under the ticker symbols IAG (common shares) and IAF (preferred shares). iA Financial Group is a business name and trademark of iA Financial Corporation Inc. and Industrial Alliance Insurance and Financial Services Inc