January 28, 2026

AM Best Upgrades Titan Insurance Group’s Outlook to Positive

Charleston, SC, January 28, 2026

AM Best has announced a positive revision of its outlook for Titan Insurance Group (TIG), highlighting strong financial health and operational performance. This upgrade includes Titan Insurance Company, Inc., which is based in Charleston, SC. The positive assessment reflects the group’s commitment to sound business practices and effective management, instilling confidence in local economic growth. With an affirmed Financial Strength Rating of A- and strong operational performance metrics, this revision underscores the importance of prudent financial management within the Charleston business landscape.

Charleston, SC – In a significant development for the financial sector with local ties, AM Best, a global credit rating agency specializing in the insurance industry, recently announced a revision of its outlooks to positive from stable for the members of Titan Insurance Group (TIG). This includes Titan Insurance Company, Inc., a Risk Retention Group, which is based right here in Charleston, SC. This positive adjustment highlights the robust financial health and strong operational performance of the group, reflecting a commitment to sound business practices and effective management, themes often celebrated within the Charleston SC business community.

The success of companies demonstrating such resilience and growth contributes meaningfully to the broader Lowcountry economic growth and instills confidence in the region’s business environment. This positive assessment by a leading independent ratings agency underscores the impact of diligent financial stewardship and strategic business operations, embodying the spirit of entrepreneurial innovation that drives our local economy.

A Mark of Financial Prudence: AM Best’s Positive Revision

The revised outlook to positive from stable by AM Best for members of Titan Insurance Group signifies an expectation of sustained improvement in the group’s financial strength and operating performance. Alongside this positive outlook, AM Best affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) for both Cronus Insurance Company (Irving, TX) and Titan Insurance Company, Inc., a Risk Retention Group (Charleston, SC). Collectively, these entities form the Titan Insurance Group (TIG) and operate under a pooling agreement.

AM Best, a respected authority in evaluating the financial health of insurance companies, conducts a comprehensive analysis that considers an insurer’s financial performance, risk management practices, business profile, regulatory environment, and peer comparison. This rigorous methodology ensures that ratings provide valuable insights into an insurer’s creditworthiness and claims-paying ability, offering a reliable benchmark for consumers, investors, and financial professionals nationwide.

Charleston’s Connection to Titan’s Success

The designation of Titan Insurance Company, Inc., A Risk Retention Group, as being based in Charleston, SC, directly links this national financial news to our local economic landscape. The positive outlook for TIG reflects a broader trend of companies, including those with a significant local footprint, demonstrating financial acumen and strategic growth. This contributes to a vibrant Charleston County economy and showcases the capabilities of businesses connected to our region.

The performance of such entities reinforces the importance of fostering an environment where businesses can thrive through innovation and responsible management. This success provides a tangible example of how well-run businesses contribute to job creation and economic stability, benefiting the entire community.

Underpinning a “Very Strong” Balance Sheet

The positive outlook and affirmed ratings are rooted in TIG’s fundamentally strong financial position. AM Best assessed the group’s balance sheet strength as very strong, complemented by strong operating performance, a limited business profile, and appropriate enterprise risk management. These factors are critical indicators of a company’s ability to meet its financial obligations and navigate market fluctuations.

The improvement in balance sheet strength metrics has been primarily driven by strong operating profitability. This profitability stems from a robust combination of underwriting income, other income, and net investment income. Furthermore, TIG maintains the strongest level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), a key metric reflecting an insurer’s ability to absorb unexpected losses. This demonstrates a disciplined approach to financial management, a hallmark of successful South Carolina entrepreneurs.

Sustained Growth and Capital Management

The revision of outlooks to positive reflects AM Best‘s confidence that TIG will not only maintain but continue to enhance its very strong balance sheet strength. This is coupled with an expectation of sustained strong operating performance and an effective capital management strategy. This forward-looking assessment is a testament to the group’s strategic planning and operational execution.

Notably, even as TIG began paying dividends to its shareholders in 2024, AM Best anticipates that surplus growth will be sustained. This careful balancing act ensures that overall balance sheet strength metrics are expected to remain steady over the medium term. Such an approach underscores a commitment to both rewarding investors and ensuring long-term financial stability, a critical aspect of private investment and business longevity.

The Role of Risk Retention Groups in the Economy

Titan Insurance Company, Inc., A Risk Retention Group, was established in 2001. Its primary purpose is to provide insurance coverage for contractual liabilities associated with extended vehicle service contracts and other vehicle-related coverages issued by its members. Risk retention groups serve a vital function in the insurance landscape by enabling businesses with similar risk exposures to collectively self-insure. This approach can offer tailored coverage solutions that might be less accessible or cost-effective through traditional insurance markets. Such innovative structures highlight how private-sector ingenuity can address specific market needs, often operating with a degree of flexibility that fosters efficient risk management.

The success and positive rating outlook for a risk retention group with a presence in Charleston illustrate the diversity and strength of the financial services sector, reinforcing Charleston’s position within a dynamic regional economy.

Conclusion

The positive revision of outlooks by AM Best for the members of Titan Insurance Group, particularly with a key entity based in Charleston, is a strong indicator of financial health and operational excellence. This achievement reflects the group’s commitment to very strong balance sheet management, robust operating performance, and effective capital strategies. Such positive national financial news, featuring local businesses, reinforces the resilience and innovative spirit prevalent among Charleston small business and larger enterprises alike, contributing significantly to the overall Lowcountry economic growth. As Charleston continues to be a hub for entrepreneurial activity, the success of companies like Titan Insurance Company, Inc., serves as a testament to the benefits of sound financial management and strategic foresight within our interconnected economy.

Supporting and celebrating the achievements of businesses that demonstrate such financial prudence is crucial for maintaining a robust and confident economic outlook for our city and state.

Frequently Asked Questions

What did AM Best revise for the members of Titan Insurance Group?

AM Best revised the outlooks to positive from stable for the members of Titan Insurance Group.

What financial strength and credit ratings were affirmed for Titan Insurance Group members?

The Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) were affirmed for Cronus Insurance Company (Irving, TX) and Titan Insurance Company, Inc., A Risk Retention Group (Charleston, SC).

What is the basis for AM Best’s positive outlook for Titan Insurance Group?

The positive outlook reflects AM Best’s expectation that Titan Insurance Group will be able to maintain improvements in its very strong balance sheet strength assessment and continue to sustain its strong operating performance and effective capital management strategy.

Where is Titan Insurance Company, Inc., A Risk Retention Group, based?

Titan Insurance Company, Inc., A Risk Retention Group, is based in Charleston, SC.

What is a Risk Retention Group, and when was Titan formed?

Titan was formed in 2001 as a risk retention group with the purpose of providing insurance coverage on contractual liabilities for extended vehicle service contracts and other vehicle-related coverages issued by its members.

What key financial indicators contributed to Titan Insurance Group’s positive assessment?

Key financial indicators included very strong balance sheet strength, strong operating performance driven by underwriting income, other income, and net investment income, and the strongest level of risk-adjusted capitalization as measured by Best’s Capital Adequacy Ratio (BCAR).

Key Features of Titan Insurance Group’s AM Best Ratings

Feature	Details	Scope
Outlook Revision	Revised to Positive from Stable	Nationwide
Financial Strength Rating (FSR)	Affirmed A- (Excellent)	Nationwide
Long-Term Issuer Credit Rating (ICR)	Affirmed “a-” (Excellent)	Nationwide
Balance Sheet Strength	Assessed as Very Strong	Nationwide
Operating Performance	Assessed as Strong	Nationwide
Risk-Adjusted Capitalization	Strongest Level (BCAR)	Nationwide
Headquarters of Titan Insurance Company, Inc., A Risk Retention Group	Charleston, SC	Local (Charleston, SC)
Formation Year and Purpose of Titan	Formed in 2001 as a risk retention group to provide insurance coverage for extended vehicle service contracts.	Nationwide