Dealers Assurance Company
Dealers Assurance Company is a U.S. property and casualty insurer (Ohio-domiciled, Addison, TX office) that writes first dollar and aggregate excess-of-loss contractual liability policies backing extended service contract programs for vehicles and consumer goods, serving administrator obligors, automotive dealers, and consumer goods providers.
- Company typePrivate
- Founded1935
- HeadquartersAddison, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Dealers Assurance Company does
Dealers Assurance Company (DAC) is a U.S. property and casualty insurance company domiciled in Ohio with a corporate office in Addison, Texas (Dallas metro). Founded in 1935 as Mahoning Insurance Company, DAC writes first dollar and aggregate excess-of-loss contractual liability policies that backstop administrator obligors selling extended service contracts on vehicles and consumer goods. The company is licensed to write insurance in all 50 states and the District of Columbia, holds an AM Best Financial Strength Rating of "A" (Excellent) since 2020, and operates as a SOC1/SSAE 18-certified entity with over $94 million in policyholder surplus (AM Best Category VII).
DAC's product portfolio spans two core verticals: vehicle extended service contracts (autos, light and heavy-duty trucks, motorcycles, powersports, RVs, and fleet programs) and consumer goods extended service contracts (appliances, electronics, furniture, home warranties). It complements these insurance products with obligor licensing assistance, interim obligor services delivered through its sister entity Dealers Alliance Corporation, and reinsurance solutions that help clients establish their own captive reinsurance companies. The company enables its B2B clients to function as the ultimate underwriter of their service contract programs while DAC absorbs the financial, compliance, and regulatory burden.
DAC has been a wholly-owned subsidiary of iA Financial Group (Industrial Alliance, TSE: IAG) since January 2018. iA, the fourth-largest life and health insurer in Canada with C$235.4 billion in assets as of September 2024, provides capital, reinsurance, and strategic resources. DAC operates with a small, specialized team led by President Preston Haglin, CFO Linda Toy, and Compliance Director Lisa Kirk, each with 25-30+ years of F&I and P&C insurance experience. Revenue is generated primarily through insurance premiums on its contractual liability policies and managed-services fees on reinsurance engagements, distributed via direct enterprise field sales to service contract administrators, automotive dealers, and consumer goods providers.
Dealers Assurance Company firmographics
Firmographics- Name
- Dealers Assurance Company
- Legal name
- Dealers Assurance Company, Inc.
- Website
- https://dealersassurance.com
- Company type
- Private
- Founded year
- 1935
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Dealers Assurance Company is a U.S. property and casualty insurer (Ohio-domiciled, Addison, TX office) that writes first dollar and aggregate excess-of-loss contractual liability policies backing extended service contract programs for vehicles and consumer goods, serving administrator obligors, automotive dealers, and consumer goods providers.
- Ownership category
- akta.pro rank
Dealers Assurance Company industry classification
Industry- Product category
- Contractual Liability Insurance
- NAICS
- Direct Insurance (except Life, Health, and Medical) Carriers (52412)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Dealer-Sold & F&I Administered Service Contracts (Dealer Obligors) (FSAJALAD)
- akta.pro secondary industry
- OEM/Captive Warranty & Service Contract Programs (FSAJALAE)
Keywords
Where Dealers Assurance Company is headquartered
LocationHeadquarters
- HQ city
- Addison
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Dealers Assurance Company business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure, Others
Revenue model
- Insurance Premiums: DAC writes first dollar and aggregate excess-of-loss contractual liability policies for administrator obligors. Revenue is generated through insurance premiums charged to clients who sell extended service contracts on vehicles or consumer goods.
- Reinsurance Services: DAC creates and manages reinsurance companies for clients, providing reinsurance expertise and solutions that offer maximum profits in the industry.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Dealers Assurance Company product offering
Product offeringCore offering
Dealers Assurance Company (DAC) is a Property & Casualty insurance company that underwrites first dollar and aggregate excess-of-loss contractual liability policies for administrator obligors that sell, service, and pay claims for extended service contracts on vehicles and consumer goods. The company also provides obligor licensing assistance, interim obligor services through Dealers Alliance Corporation, and reinsurance solutions that enable clients to act as their own underwriters while DAC handles the financial, compliance, and regulatory burden.
Product overview
Dealers Assurance Company (DAC) operates as a Property & Casualty insurance company offering a portfolio of contractual liability insurance products rather than a unified software platform. The core offerings consist of first dollar and aggregate excess-of-loss contractual liability policies for administrator obligors selling extended service contracts. DAC's insurance products cover two main categories: Vehicle Extended Service Contracts (automobiles, trucks Class 3-8, motorcycles, powersports, RVs, fleet programs) and Consumer Goods Extended Service Contracts (appliances, electronics, furniture, home warranties). The company supports these core products with ancillary automotive products, obligor licensing services, interim obligor services through parent company Dealers Alliance Corporation, and reinsurance solutions. The portfolio is unified by DAC's AM Best "A" rated paper and compliance expertise that enables clients to bring products to market.
Differentiator
Problem solved
Functional benefit
Products and services
- First Dollar Contractual Liability Insurance First-dollar coverage insurance policies for administrator obligors that sell, service, and pay claims for extended service contracts sold on vehicles or consumer goods.
- Aggregate Excess-of-Loss Contractual Liability Insurance Aggregate excess-of-loss contractual liability coverage providing catastrophic protection above a specified retention level for extended service contract programs administered by obligors.
- Vehicle Extended Service Contracts Service contract insurance coverage for automobiles, light and heavy-duty trucks (Class 3-8), motorcycles, powersports, RVs, and fleet programs.
- Consumer Goods Extended Service Contracts Service contract insurance coverage for brown and white goods, home warranties, appliances, consumer electronics, and furniture.
- Obligor Licensing Services Assistance with state-by-state service contract provider registration and licensing, including renewal license management for becoming an obligor.
- Interim Obligor Services Interim obligor services delivered through Dealers Alliance Corporation that help clients get to market faster while obtaining their own state obligor licenses.
- Reinsurance Solutions Custom reinsurance company creation for clients built on compliance foundations, providing reinsurance expertise and structures designed to optimize profit.
Companies that use Dealers Assurance Company
Customer profileSegments3 records
Ideal customer profiles3 records
Dealers Assurance Company technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Dealers Assurance Company partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Dealers Alliance CorporationcoreDealers Alliance Corporation is DAC's parent company and Administrative Obligor. It was formed in 1977 by Ohio-based automobile dealers and purchased Mahoning Insurance Company in 1980, renaming it Dealers Assurance Company. Dealers Alliance can act as interim obligor for clients needing speed to market while obtaining their own licenses.
Scale indicators6 records
Recent moves8 records
Expansion highlights5 records
Dealers Assurance Company competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key highlights7 records
Customer concentration
Dealers Assurance Company social profiles
Digital presenceDealers Assurance Company compliance and trust
Trust signalCompliance4 records
Dealers Assurance Company financial estimates
Financial estimateRevenue estimate
Valuation estimate
Dealers Assurance Company leadership team
Management profileNumber of profiles
Profiles3 records
Dealers Assurance Company subsidiaries and ownership
Company hierarchySubsidiaries1 record
Dealers Assurance Company funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Dealers Assurance Company M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Dealers Assurance Company
What does Dealers Assurance Company do?
Dealers Assurance Company (DAC) is a Property & Casualty insurance company that underwrites first dollar and aggregate excess-of-loss contractual liability policies for administrator obligors that sell, service, and pay claims for extended service contracts on vehicles and consumer goods. The company also provides obligor licensing assistance, interim obligor services through Dealers Alliance Corporation, and reinsurance solutions that enable clients to act as their own underwriters while DAC handles the financial, compliance, and regulatory burden.
Is Dealers Assurance Company a public or private company?
Dealers Assurance Company is a private company. It is classified as corporate owned and is currently operating.
When was Dealers Assurance Company founded?
Dealers Assurance Company was founded in 1935. It employs 1 to 10 people.
Where is Dealers Assurance Company based?
Dealers Assurance Company is headquartered in Addison, United States, in the North America region.
How does Dealers Assurance Company make money?
Two revenue lines are on record. Insurance Premiums are the primary driver. The others are reinsurance Services.
Does Dealers Assurance Company have an API?
No public API is recorded for Dealers Assurance Company.
What industry is Dealers Assurance Company in?
Dealers Assurance Company's product category is Contractual Liability Insurance. Its primary akta.pro industry code is FSAJALAD, Dealer-Sold & F&I Administered Service Contracts (Dealer Obligors), with a secondary code of FSAJALAE, OEM/Captive Warranty & Service Contract Programs. Its NAICS code is 52412 and its SIC code is 6411.