Columbus, OH– Dealers Assurance Company (DAC) is pleased to announce that A.M. Best Company has increased DAC’s Financial Size Category from VI to VII. Category VII designates companies whose adjusted policyholder surplus is between $50 million and $100 million. DAC surpassed $50 million in capital and policyholder surplus at the end of 2013.

Commenting on the Company’s new financial size category, Kristen Gruber, President of DAC, said, “This is a tremendous achievement. We are delighted that DAC has reached the Category VII designation. The increase in our financial size category reflects DAC’s continued financial stability, profitable management, and consistent growth.

“In 10 years, DAC has gone from $10 million to $50 million in capital and policyholder surplus,” Gruber said. “This puts DAC in a better competitive position than ever before, and provides us with the potential to target new markets and insure even larger clients. In addition, our net premium has also increased over this time, so DAC continues to retain its existing customer base while growing and serving new clients as well.”

On August 2, 2013, A.M. Best Company affirmed DAC’s Financial Strength Rating of A- (Excellent), which was the 28th straight year that DAC received this rating. DAC is licensed to transact insurance in 49 states and the District of Columbia.

Founded in 1899, A.M. Best Company is the world’s oldest and most authoritative insurance rating and information source. Policyholders refer to A.M. Best’s ratings and analysis as a means of assessing the financial strength and creditworthiness of risk-bearing entities and investment vehicles.