C
Brickyard Ins Co
Rating Date
June 2026
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
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Capital
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Premiums
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Major Rating Factors: Fair profitability index (4.0 on a scale of 0 to 10) with operating losses during 2021, 2022 and 2025. Fair overall results on stability tests (3.1) including negative cash flow from operations for 2025. Strengths include potentially strong support from affiliation with Brickyard Financial Holdings LLC. Strong long-term capitalization index (7.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors: Ample reserve history (9.4) that helps to protect the company against sharp claims increases. Excellent liquidity (8.6) with ample operational cash flow and liquid investments.
Stability Factors: D - Limited diversification of general business, policy, and/or investment risk. F - Negative cash flow. R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business: Work comp (100.0%)
Licensed in: IN
Principal Investments: Investment grade bonds (80.3%), cash (18.7%), other (1.0%)
Ratios
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Investments in Affiliates
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Corporate Info
Group Affiliation
Brickyard Financial Holdings LLC
Investment Rating
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Company Address
3702 Rupp Drive
Fort Wayne, IN 46815
Phone Number
(217) 862-8900
NAIC Number
16583
Largest Affiliates
A
Springfield, IL - P&C
B
Sioux Falls, SD - P&C