AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Triangle Insurance Company (TIC) (Enid, OK).

The Credit Ratings (ratings) reflect TIC’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).

The positive outlooks reflect robust underwriting results and improved profitability over the past three years. With the significant improvement in underwriting performance in 2024 and 2025, underwriting ratios compare favorably on a five- and 10-year basis with the Commercial Casualty composite, reflecting strong loss control and disciplined underwriting supported by improved customer segmentation. These underwriting enhancements demonstrate the effectiveness of the company’s ERM, which AM Best assesses as appropriate. TIC maintains a strong niche market serving cooperatives within the agribusiness industry. The company has aligned member interests with equity stakes in the company via its Triangle Select program. Furthermore, the capital funded through Triangle Select and the trend of strong earnings has resulted in substantial surplus growth that in turn has strengthened TIC’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), which supports its overall balance sheet strength assessment of very strong.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2026 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260917389144/en/